In the heart of an economic crisis, ultra-low utility costs are enabling Argentinians to bank on mining Bitcoin (BTC) as foreign miners head for their piece of the electricity cake, local reports said.Not only locals are taking advantage of the situation as Bitfarms, a Canadian Bitcoin mining company, announced it is opening a new mining facility in the country.Staple … [Read more...] about Argentinians turn to Bitcoin mining to support livelihood amidst failing economy
Argentinians
Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline
The popularity of Bitcoin and other cryptocurrencies is skyrocketing in Argentina as local residents look for new ways to offset inflation, global news agency AFP News reported today.“The number of user accounts for investing in cryptocurrencies has multiplied by ten in Argentina since 2020,” Maximiliano Hinz, Latin American director of crypto exchange Binance, told the … [Read more...] about Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline