Argentinian town to invest in crypto mining to fight inflation and upgrade infrastructure
A 6000-strong community hopes to raise funds by immediately selling the mined crypto to avoid price volatility.The town of Sorradino in Argentina’s Santa Fe Province could begin to mine crypto in a bid to raise the money needed for its rail infrastructure upgrade. Its mayor doesn’t see any risk in mining the digital currencies that can be sold immediately.
As the local media reported on Sunday, the town of 6000 people has already purchased six graphics cards and will be buying a mining rig in the near future. According to Sorradino’s mayor Juan Pio Drovetta, the initiative to mine cryptocurrencies was supported by the local community.Like many other rural towns in Argentina, Sorradino was hit hard by the COVID-19 pandemic and the resulting inflation, and struggles to pay for an upgrade of its railroad infrastructure that came back in use for the first time in 33 years last year.
Source
t.me/Mining_Crypto_Miner
