Sazmining Establishes Sustainable Bitcoin Mining Facility In Paraguay

Sazmining, a hosted Bitcoin mining supplier committed to 100% renewable energy, has acceptable its sights connected South America with the constitution of a caller installation successful Paraguay. Slated to commence operations connected September 15th, the installation takes vantage of Paraguay's debased energy prices, offering hosting astatine an competitory complaint of 4.7 cents per kWh – a acold outcry from the mean outgo of 16.1 cents per kWh successful the United States.

"By harnessing surplus electricity, Bitcoin mining has ingeniously transformed Paraguay's erstwhile losses into a profitable task for the full nation," stated Kent Halliburton, President and COO of Sazmining. "Embracing this development, Paraguayan politicians and the section powerfulness provider, ANDE, are actively participating successful electricity-for-Bitcoin transactions. Beyond contiguous fiscal gains, Sazmining has a larger imaginativeness focused connected creating a sustainable and forward-looking aboriginal by investing successful electrical infrastructure that volition payment Paraguay for generations to come, extending good beyond the lifespan of immoderate Bitcoin mining activities."

As a afloat non-custodial service, Sazmining ensures customers' Bitcoin rewards are straight sent from the mining excavation to their backstage wallets. Operating connected a mutually beneficial model, Sazmining lone earns erstwhile the lawsuit does, incentivizing them to optimize the mining situation for maximum ratio and the longevity of the miners.

The installation volition supply customers with their signature white-glove, on-site maintenance, customer-service experiences, and a dedicated information squad to guarantee the highest standards of information and performance.

In 1971, Brazil and Paraguay joined forces to conception the Itaipu Dam, generating 14 gigawatts of electricity. Under the agreement, Brazil financed the project, and successful return, Paraguay received surplus energy beyond its home needs. Initially faced with the situation of handling this surplus, Paraguay started selling the excess powerfulness to Brazil, albeit astatine a fiscal loss. However, the advent of the Bitcoin mining manufacture has present presented a cleanable solution to this situation, allowing Paraguay to not lone nett from their surplus vigor but besides location precocious Bitcoin mining facilities.