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Bitfarms’ Argentina Bitcoin Mining Grinds to Halt—13% of Hashpower Dark After Sudden Power Cut
Bitfarms’ Argentina Bitcoin Mining Grinds to Halt—13% of Hashpower Dark After Sudden Power Cut
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Another day, another mining operation learns the hard way that emerging markets come with third-world infrastructure. Bitfarms just got unplugged in Argentina—taking 13% of their global hash rate offline.
When the juice stops flowing, so do the satoshis. The company’s press release touts ’proactive measures’ (read: scrambling to reroute rigs) while analysts whisper about yet another crypto firm learning that cheap power isn’t cheap when it disappears.
Funny how the ’decentralized’ future still hinges on centralized grids paying their bills. Maybe next they’ll try mining with Argentine pesos—oh wait, those lose half their value between breakfast and lunch.
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