Argentina Releases Electricity Tariff List, Will Raise Electricity Fees for Cryptocurrency Mining

Odaily Planet Daily News The Argentine Ministry of Economy released a list of electricity rates, which will increase electricity costs for cryptocurrency mining. The document stipulates that mining activities will cost 17,240 Argentine pesos per megawatt-hour, which is about $63.3. Residential energy, on the other hand, enjoys a 70% subsidy at about $11.30 per megawatt-hour. The revised rates will come into effect on August 1 and will remain in place until October 31, 2023, when they may change again. (Cryptonews)