Wednesday, January 19

Argentina power company blames Bitcoin miners for blackout

Argentina’s power company Cammesa, which operates in Buenos Aires, blamed Bitcoin miners for the recent power outages in the region.

In the last days of 2021, the Argentine capital has suffered power cuts that affected around 80,000 people. This situation caused problems even in scheduled trips, with bus stations, for example, without energy to operate.

Drawing attention, Cammesa seeks explanations for the event and a culprit had to be pointed out.

Argentina’s state energy company blames Bitcoin miners for capital blackout

According to information disclosed by the Online Politics, the siege closed for Bitcoin miners operating in the Argentine capital, Buenos Aires.

Amid blackouts in recent days, Cammesa wants to identify all operations present in the region where it provides its services. Once these operations are identified, all of them must have their energy bills readjusted and must commit to improving the energy efficiency of their operations.

About 80,000 people were affected, and the next objective of the state-owned company is to discourage Bitcoin mining activity, blamed for the problem.

The problem with Bitcoin mining is that it uses specific graphics equipment to carry out this activity, which is often associated with a higher energy cost. However, in order to work, these equipments end up generating a great deal of heat, which requires their cooling to remain on.

Despite this, Argentina is not a reference country in the world in Bitcoin mining, which ended up drawing attention to the position of the state-owned company in the sector.

This is because, according to information from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which has data until July 2021, Argentina generates only 0.05% of the world’s digital currency hashrate, which would represent the 31st position in the global ranking.

Bitcoin Hunt?

What stands out at the moment Argentina is experiencing is that the climate in the country has warmed, leading people to invest more in air conditioning equipment to escape the heat wave.

In other words, Bitcoin mining was placed as the villain of the moment, but other sectors that consume a lot of energy had an increase in demand for the resource.

With the lack of energy, one of the protests was held at a bus station, where tired residents blocked the passage of buses, which were carrying passengers.

In any case, the measure sounded like a hunt for someone to blame for the problem, putting Bitcoin as the villain. Last week, Iran banned mining in the country during the winter period, which had already drawn the community’s attention.

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