The authorities of the South American state seized 2,738 ASICs for electricity theft: ongoing debate on legislation.
In the town of Salto del Guairá, Paraguay, local authorities seized 2,738 ASICs for electricity theft. The operation was conducted by the National Electricity Administration (ANDE) following the detection of an unregistered electrical connection. According to ANDE, unauthorized electricity usage is estimated at a value of 1.1 billion guaraní (approximately $146,000) per month. In addition to the ASICs, five transformers were confiscated, and four criminal charges are pending against those responsible for the illegal activity.
In addition to the recent seizure, there have been two other operations against illegal mining farms in Paraguay in May. These operations involved various government agencies, including the National Police. Paraguay is considered a favorable location for bitcoin mining due to its abundant hydroelectric resources provided by the Itaipu power plant on the Paraná River.
Despite government operations, the mining industry continues to operate in Paraguay. The country hosts major mining companies such as Bitfarms and Marathon Digital. Last November, Tether also announced plans to build mining centers in the South American state.
Regulation under consideration
Currently, in Paraguay, there is a debate on potential legislative actions to regulate bitcoin mining. A bill proposed in April suggests a temporary ban on mining for 180 days or until the approval of comprehensive legislation and assurance of an adequate electricity supply by ANDE. The bill cites illegal mining activities as one of the reasons for the proposed ban.
