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United States · Macro, forex & crypto · CoinDesk

Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out

Published by CoinDesk · United States 4 h ago
Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out
CoinDesk

Detailed summary

Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has…

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