🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Argentinian Presidential Candidate’s Plan to Mine BTC Stirs Debate

Published 11/03/2023, 03:22 PM
Updated 11/03/2023, 03:45 PM
© Reuters.  Argentinian Presidential Candidate’s Plan to Mine BTC Stirs Debate
BTC/USD
-

  • The crypto community in Argentina is divided over presidential aspirant Sergio Massa’s plans for Bitcoin mining operations.
  • Massa proposed using excess natural gas from the Vaca Muerta oil fields to mine Bitcoin.
  • Critics acknowledged the proposal’s merits but argued the government should stay on the sidelines.

Argentinian presidential candidate Sergio Massa has left the crypto community in the country divided after he unveiled plans to use natural resources to boost Bitcoin mining operations, local news outlet CriptoNoticas reported.

Indeed, Massa, in late October, said he plans to use excess natural gas from the Vaca Muerta oil fields to mine Bitcoin. According to a CriptoNoticas report, the proposal was presented to the candidate by computer scientist Santiago Siri.

Following the revelation, Massa’s plans have divided Argentina’s crypto community over whether the proposal would benefit the country. On the one hand, supporters of the proposal argue that using excess gas for Bitcoin mining means it would be put to productive use rather than being flared or vented.

However, critics asserted that while the proposal might be good in theory, th…

The post Argentinian Presidential Candidate’s Plan to Mine BTC Stirs Debate appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.