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cryptonews 2023-07-28 06:00:00

Argentina Raises Electricity Tariffs for Crypto Miners – ‘Pressure’ Mounts on Miners?

Crypto miners in Argentina are set for a rise in energy costs, after the Ministry of Economy published a revised list of electricity rates. Per Livecoins, the Ministry has set miners a new rate of 17,240 Argentine pesos (around $63.30 at the time of writing) per megawatt-hour (MWh), the highest band on the ministry’s scale. By contrast, residential energy costs are heavily subsidized, with households entitled to enjoy subsidies of up to 70%.... Read More: Argentina Raises Electricity Tariffs for Crypto Miners – ‘Pressure’ Mounts on Miners?

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