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Profitability makes crypto mining more expensive in Argentina -Breaking

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China’s crackdown on mining has led miners to search for other countries in which to continue their operations. Lower costs Some of them led to Argentina. However, the country’s government has now applied new rates for crypto miners in the province of Tierra del Fuego.

Argentina’s Energy Secretary of the Ministry of Economy published and announced resolution40/2022. Eliminating the subsidies provided by government for energy consumption of crypto-mining energy. These new rates have made mining in the country four times more costly than previously.