Crypto Miners In Argentina May Suffer From Difficulties After A New Resolution.
A new rising difficulty for Crypto Miners in Argentina has arrived. According to the government “crypto mining exhibited challenges to the infrastructure of the concession area to which they are linked”
After a major crackdown on crypto mining, the crypto miners reached different regions around the world. As well, the low cost attracted some miners into Argentina. But unfortunately, the government has recently introduced new rates for the crypto miners through a resolution. For the crypto-miners located in the Tierra del Fuego.
Argentina’s Energy Secretary of the Ministry of Economy posted and declared a resolution 40/2022, removing the energy government subsidies for using energy in crypto mining. However, the new applied rates on crypto mining turned it 4x costly than its previous rates