We have already talked a lot of Paraguay on our blog, but this country has a an abundance of advantages when we are talking about cryptocurrency. Now, let's talk about Ethereum, the little brother of Bitcoin that has a lot on to offer to us as a crypto.
Remember that Ethereum is the most traded cryptocurrency at the moment, with approximately 20,000 transactions per second. That makes a huge gap between other ones (only Bitcoin beats it), and goes some way to demonstrating the potential it has!
Before introducing you to all the information related to developing such business in LATAM, if you are considering options for investment such as Ethereum, contact us! Our specialised team can help you with all your concerns. Click here.
Why mine Etherum in Paraguay?
Within the Latin American country, it's profitable to mine ETH because of it's low costs to do so. Therefore, the efficiency of the operation makes a huge decision for the investor easier due to the profitability of the mining activity.
Also, the political situation is good (though not to say REALLY good), and the constant stabilisation of Paraguayan politics makes it one of the most widely chosen countries to carry out Ethereum mining. Just being able to have easy access to the import of mining equipment leads to being able to have an eye inside the country since, unlike other countries, their regulations allow it, mainly due to the focus of attention on the part of the lawmakers and government to attract foreign investment.
In addition, investors in ETH mining have access to a large excess of hydroelectric energy (more than 5500MW). This contributes to the long-awaited profitability that manages to capture the interest of miners since the costs are low for large-scale mining companies and individuals, for which the country is preparing for and awaiting eagerly.
The real Hub?
We could say so, as we know what a country like this has to offer us, so not taking advantage of the benefits Paraguay has to offer us would be wasting a great opportunity for investment and profitability in terms of mining.
Among all these advantages, Paraguay is really close to accepting crypto as a legal payment method (yes, really). Investing in this country would be a huge advantage, knowing the macro situation that is evolving within it.
So, if you are interested in finding out more about Paraguay and its opportunities to mine ETH, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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