Bitcoin Argentina denies that mining is an illegal activity

Bitcoin Argentina denies that mining is an illegal activity

mining-cryptocurrencies

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From the entity they assured that the interventions were not related to a question of legality, but to the supporting documentation linked to the import of the rigsthe arrangements of hardware elements, whether CPU, GPU, FPGA or ASIC that have been arranged to perform cryptocurrency mining.

In turn, Bitcoin Argentina was in charge of emphasizing the validity of the mining activity: “As long as a regulation of another nature is not breached, as happened in these cases, mining can be done, both homemade and commercial“.

They find undeclared cryptocurrency mining farms in Córdoba

Six different operations carried out in Cordoba, La Plata, Santa Fe, San Juan and Mar del Plata detected cryptocurrency mining farms for the first time in history.

Through cross data own, “relevant” energy consumption and imports cryptocurrency farms with 3,000 video cards were found, which represents income of $3,000,000.

The detection was possible due to the high level of energy consumption, since in the establishments together they consumed more than 500 thousand kilowatts of energy per month. In one of the farms, consumption represented 22% of the total electricity consumption of a locality.

Source: Ambito

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