Paraguay's ANDE Seizes 693 Illegal Bitcoin Miners

IconCryptoNewsTerminal Staff24 Aug, 2024

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Paraguay's ANDE Seizes 693 Illegal Bitcoin Miners

Paraguay's state power company, ANDE, recently seized 693 illegal Bitcoin mining machines from a warehouse in the city of Hernandarias. This operation highlights the ongoing efforts by authorities in Paraguay to combat illegal cryptocurrency mining activities. The seized machines were consuming a significant amount of electricity, affecting the quality of service for legitimate users and causing financial losses for ANDE. This seizure is part of a broader crackdown on illegal Bitcoin mining in Paraguay, which has become increasingly prevalent due to the country's low electricity costs. However, these illegal operations pose risks to the electrical grid and undermine the financial stability of ANDE. The Paraguayan government remains committed to combating this issue and ensuring the responsible use of electricity resources.

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