{"id":74363,"date":"2023-02-20T13:58:54","date_gmt":"2023-02-20T11:58:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74363"},"modified":"2025-09-09T19:38:29","modified_gmt":"2025-09-09T16:38:29","slug":"experts-see-mining-prospects-in-paraguay","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/experts-see-mining-prospects-in-paraguay\/","title":{"rendered":"Experts see mining prospects in Paraguay"},"content":{"rendered":"

Paraguay is becoming one of the largest Bitcoin mining hubs. Hashrate Index experts came to this conclusion.<\/p>\n

Experts noted a number of factors that allow a small Latin American country to attract cryptocurrency miners. According to their assessment, Paraguay accounts for 1.16%\u20131.45% of the global Bitcoin hashrate.<\/p>\n

The Itaipu hydroelectric dam, the second-largest in the world by capacity, was identified by analysts as the main driver of mining development in the country.<\/p>\n

\\\"Experts
Data: Hashrate Index.<\/figcaption><\/figure>\n

The utility company ANDE enables miners to access tariffs of around $26 per MWh.<\/p>\n

\\\"Data:
Data: Hashrate Index.<\/figcaption><\/figure>\n

Power prices in the country are lower than in the miner-friendly U.S. states, but lag behind, for example, neighbouring Argentina. However, in the latter, as in Brazil, import duties on equipment reach up to 80% of the cost. In Paraguay, the duty does not exceed 20%.<\/p>\n

Experts also noted factors that hinder mining development in the country. Among them:<\/p>\n