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Bitfury and Commons Foundation Partner to Launch Bitcoin (BTC) Mining Operations in Paraguay



Back in overdue November, Ethereum World News notified its readers of plans via the Commons Foundation to construct the most important Bitcoin (BTC) mining farm on the planet. Known as ‘the Golden Goose’ initiative, the mission is supposed to enlarge cryptocurrency and blockchain innovation in Spanish-speaking international locations with its first mission in Paraguay.

Paraguay assured a 15 12 months strong electrical energy value for the mining operations. The contract signed additionally equipped roughly 50,000 sq. meters for 5 mining facilities close to Itaipu Hydroelectric Power Plant, the arena’s 2d biggest blank power plant after the Three Gorges Dam in China.

Bitfury and Commons Foundation Partner to Launch Bitcoin (BTC) Mining Operations in Paraguay

It is with the above background that Bitfury and the Commons Foundation have partnered to release BTC mining Operations as a part of the ‘the Golden Goose’ mission. The two corporations will construct a chain of mining operation websites the usage of Bitfury’s BlockBox AC cellular (containerized) data-centers. BlockBox AC cellular gadgets contains 176 air-cooled mining servers that ship a reported general hashrate of 14 PH/s.

The websites will be powered via blank hydroelectric power from Itaipu dam and Yacyretá dam. Paraguay lately simplest makes use of 20% of the electrical energy it produces. The relaxation is exported to the neighboring international locations of Argentina and Brazil.

Valery Vavilov, CEO of Bitfury, defined how the partnership would introduce BTC mining to Paraguay.

We are dedicated to expanding the safety of the Bitcoin Blockchain, each via innovation in our {hardware} portfolio and enlargement of its community all over the arena.

Bitfury has persistently prioritized the worldwide decentralization of the Bitcoin Blockchain and we look ahead to serving to our companions introduce this business to Paraguay.

Plans of Commons Foundation Launching a Crypto Exchange in 2019

Commons basis additionally plans to release a world cryptocurrency change in overdue 2019. The change may be supposed to carry additional innovation to Paraguay and assist construct the blockchain ecosystem in Latin America. The crypto buying and selling platform will behavior KYC procedures of its purchasers by the use of Bitfury’s Crystal analytics platform.

What are your ideas on Bitfury and the Commons Foundation partnering to release Bitcoin (BTC) mining operations in Paraguay? Does this end up that pastime in BTC mining has no longer diminished with the undergo marketplace? Please tell us within the remark segment underneath.

[Image of Asunción courtesy of]

Disclaimer: This article isn’t supposed to present monetary recommendation. Any further opinion herein is only the writer’s and does no longer constitute the opinion of Ethereum World News or any of its different writers. Please perform your personal analysis prior to making an investment in any of the a large number of cryptocurrencies to be had. Thank you.

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