The Argentine government has reportedly removed subsidies applicable to electricity used by cryptocurrency miners, following a decision by the country’s energy minister regarding cryptocurrency mining. According to the new Resolution 40/2022, published and officially announced on February 1, miners are now paying almost four times as much as before. The new energy price for the Ushuaia and Rio Grande miners will be 5,000 ARS (or $47.50) per MW/H. Before the resolution, these miners were paying around 1.764 ARS (or $16.76) per MW/h. The real reason for the change is explained in the resolution, which states: "Due to the availability of payments and the profitability of the activity, it is considered appropriate for these users to face energy price payments equal to the cost of supply, and they pay the price of residential users or other users, it is unfair.
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