Bitcoin mining company Sazmining has opened a new facility in Paraguay that will run on 100% renewable energy from the Itaipu Dam. The facility will operate customer-owned Bitcoin mining rigs on their behalf, with Sazmining taking a 15% commission for the service. The cost of energy is an important consideration for Bitcoin mining companies, and Sazmining's new facility will have mining costs of $0.047 per-kilowatt hour, substantially lower than in the United States. While Paraguay's hash rate production is currently only 0.15% of the entire Bitcoin mining network, Sazmining's President sees it as an opportunity for growth.
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