Blockchin Technology is the solution. Blockchain is the underlying technology behind cryptocurrencies and was created by the same person who created Bitcoin. Blockchains distributed ledger technology holds great promise for many industries, some far more valuable and important that cryptocurrency. Blockchain technology can be applied to almost any industry with any type of supply chain or tracking. Blockchain is no doubt the future. The crypto market at time of writing appears as though is tumbling down to a bitter end. Prices continue to fall at double digit rate for all major cryptos with no clear sign of a bottom. No matter what direction the corralled cryptos go, blockchain is here to stay.
Will Paraguay become the World’s next Crypto Mining Mecca?
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araguay. Nearly a quarter of its population lives in poverty. The country suffers from the highest inequality of land ownership in the world. Access to good health care is scarce, and small towns still fall victim to raids that result in burnt down homes, churches and schools. Ciudad del Este is a city in Paraguay that sits along the border of neighboring Brazil and Argentina. Ciudad del Este is rife with crime, smuggling, cartels and… CPU’s? While some in Paraguay are suffering on a daily basis, others have become multimillionaires in a matter of months. How are they doing this?
THE ITAIPU DAM The colossal Itaipú dam is situated north of Ciudad del Este along the Paraná river. Brazil and Paraguay have joint ownership of the Itaipú’s outputs, splitting them equally. But every year Paraguay is forced to sell their surplus of energy from the dam to Brazil at an extremely discounted rate.
In an interview with The Guardian, Gregorio Bareiro, an air conditioning business owner, talked about Paraguay’s newly found crypto mining industry and it’s hydroelectric resources.
“PARAGUAY TODAY IS THE ONLY PLACE WHERE THERE’S ABUNDANT ENERGY,” SAID BAREIRO ENTHUSED. “WE CAN BECOME THE CENTRE OF GLOBAL BITCOIN MINING.”
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