🤩 *Paraguayan Bitcoin Miners Sound Alarm: New Energy Tariffs Threaten Industry's Survival*
The Paraguayan Chamber of Digital Asset Mining warns that increased energy tariffs (13-16% hike) will have a devastating impact on the Bitcoin mining industry,
Potentially leading to its demise in Paraguay.Miners claim energy prices are 50% higher for them than for other industries, resulting in lost revenue, job losses, and a loss of confidence in the government.The chamber argues that the government's actions contradict its pro-business stance and will harm the investment environment, undermining legal security and sparking a negative image of Paraguay.With Bitcoin mining generating $1.5 billion annually for the Paraguayan economy, the industry body urges reconsideration of the tariffs to prevent catastrophic consequences.