China’s crackdown on mining has led miners to search for other countries in which to continue their operations. Lower costs – promises Some led others 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 energy subsidies to crypto mining energy use. These new rates have made mining in the country four times more expensive.