Expanding into South America with Renewable Energy Facility in Paraguay
Sazmining, a hosted bitcoin mining provider, is set to open a new facility in Paraguay in September. The facility will use surplus electricity from the Itaipu Dam, one of the world’s largest hydroelectric projects. Here are the key points:
- The new center will offer hosting for 350 user-owned mining rigs at a rate of 4.7 cents per kWh.
- It will have one of the lowest energy costs in the bitcoin mining industry.
- Paraguay can monetize surplus electricity and position itself as an ideal location for sustainable bitcoin mining.
- The facility transforms surplus energy into profit for the entire country.
- Sazmining aims to invest in electrical infrastructure for a more sustainable future.
Transforming Surplus Energy into Profit, Renewably
The Itaipu Dam, built in 1971, will now enable Paraguay to turn its excess power into a profitable venture. Here are the key points:
- Paraguay originally sold excess electricity to Brazil at a loss.
- The rise of the bitcoin mining industry allows Paraguay to transform the loss into profit.
Non-Custodial Service with Eco-Friendly Operations
Sazmining is a fully non-custodial service that ensures customers’ bitcoin rewards are sent directly to their private wallets. Here are the key points:
- Sazmining only earns revenue when their clients do, incentivizing efficiency.
- The Paraguay facility is cost-effective, environmentally friendly, and provides on-site maintenance and security.
Hot Take
This expansion into Paraguay further establishes Sazmining’s commitment to sustainable and profitable bitcoin mining. By leveraging surplus renewable energy, they are set to benefit both the company and the entire country. This move also highlights the increasing use of renewable energy in the bitcoin mining industry, contributing to a more eco-friendly future.
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