Brazil: An Emerging Hub for Crypto Mining?

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#1Jan 8, 2023, 01:20 PM
Brazil's energy costs are pretty decent compared to big players like the US and Russia. Not the absolute cheapest for sure, but with lower labor costs and taxes, it's pulling in crypto miners. Plus, the recent changes in the electricity market mean companies can pick their suppliers and negotiate rates, which is huge for keeping costs down. That's gotta help miners with profits, right?
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#2Jan 8, 2023, 05:17 PM
Lol, seriously? Brazil can turn you into a millionaire if you're already a billionaire. Honestly, mining here might only be worth it if you were doing something shady or just 'lotto mining' at home. There's a ton of red tape, high taxes, and random bribes everywhere. If you want to lose your cash, Brazil's your place. Just ask @meyercafe and @libertcontador on Twitter. It’s a risk, man!
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