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Bitcoin Miner Using Paraguay Itaipu Dam to Power Its New Facility
Bitcoin mining company Sazmining has opened its newest 100% renewable energy facility in Paraguay. The company operates customer-owned Bitcoin mining rigs on their behalf, taking a 15% commission for the service. Its new facility will get power from Itaipu Dam, the country’s largest hydroelectric dam. Located on the border of Paraguay and Brazil, the structure has earned itself the Guiness World Record for most expensive object on earth, costing a whopping $27 billion to build in 1984—or $35 billion if you adjust for inflation. Sazmining President Kent Halliburton told Decrypt that due to Paraguay’s unique ... (full story)