Reading time: ~ 1 m
The Argentine authorities ordered Cammesa, which operates the wholesale electricity market in the country, to draw up a register of large consumers engaged in the extraction of cryptocurrency. Judging by the fact that all energy-intensive enterprises received these requests, the government did not delve into this industry.
Argentina ranks 27th in the world in terms of generation, extracting 35% of its energy from renewable sources, while maintaining acceptable prices per kilowatt, which has become the reason for the massive migration of miners.
The commissioning of a large number of mines has resulted in increased power grid loads and supply disruptions in several provinces. The Argentine authorities have only now realized that the uneven distribution of miners can threaten the country with permanent blackouts.
Government sources are talking about a likely increase in mining taxes. These funds will be spent on energy development. Alternatively, the authorities will offer miners to invest in the power industry on their own, thereby exempting them from paying additional taxes.
Perhaps the most unpleasant for miners was the rumors about the introduction of a tariff grid that would increase the cost of kW for mining cryptocurrency. This will lead to the disappearance of the activities of the mines and the exodus of major players in the industry.
#Argentina #miners #blackouts