Crypto Miners Threaten Frail Energy Grid at the End of the World
Argentina’s crypto frenzy is putting the energy grid of a small province in Patagonia near a breaking point as miners take advantage of generous electricity subsidies to mint Bitcoin.
Crypto mining is expected to consume close to a quarter of all electricity supply in the Tierra del Fuego province, which includes the world’s southernmost city Ushuaia, in the next few months until October, according to a report by Argentina’s state-run electricity wholesaler Cammesa.Local officials warn that crypto mining, together with an already feeble energy infrastructure, is putting their energy grid at the risk of collapse.
Source
t.me/Mining_Crypto_Miner
