Sazmining Announces New 100% Green Energy Bitcoin Mining Facility in Paraguay
Sazmining's Paraguay-based bitcoin mining facility brings the lowest energy costs possible to the bitcoin mining industry.
BETHESDA, Md., July 27th, 2023 /PRNewswire-PRWeb/ -- Sazmining, a hosted bitcoin mining provider committed to using 100% renewable energy, expands into South America with a new facility in Paraguay. Scheduled to start operating on September 15th, the facility capitalizes on the country's low electricity prices, to offer hosting at just 4.7 cents per kWh, compared to the average US-based cost of 16.1 cents per kWh – a massive difference in savings that makes Paraguay the ideal location to host the most cost-effective way to sustainably mine bitcoin.
In 1971, Brazil and Paraguay made a joint agreement to construct the Itaipu Dam, a powerful energy facility generating 14 gigawatts of electricity. Brazil financed the project while Paraguay received surplus electricity beyond its capacity to utilize. To address this surplus, Paraguay began selling the excess power to Brazil, initially at a loss. The emergence of the bitcoin mining industry now presents a unique solution to this situation, allowing the country of Paraguay to profit from their surplus energy while hosting the most advanced bitcoin mining facility in the world.
Kent Halliburton, President and COO of Sazmining, shared, "By leveraging the surplus electricity, bitcoin mining effectively transforms what was once a loss into a profitable venture for the entire country. Paraguayan politicians and the local power provider, ANDE, have embraced this new development, actively participating in electricity-for-Bitcoin transactions. Beyond immediate financial gains, Sazmining's larger goals are focused on fostering a more sustainable and forward-looking future by investing in electrical infrastructure that will continue to serve Paraguay for generations, extending well beyond the lifespan of any bitcoin mining activities."
As a fully non-custodial service, Sazmining sends customers' bitcoin rewards directly from the mining pool to their private wallets. Sazmining's business model relies on mutual success, as they only earn when the customer does, incentivizing them to optimize the mining environment for maximum efficiency and longevity of the miners as well as make sure any under-performing rigs that need maintenance are looked after promptly.
Sazmining also brings their signature white-glove maintenance and customer-service experiences to the new facility, with on-site maintenance for mining rigs, and dedicated facility security.
Sazmining's new mining facility in Paraguay represents a groundbreaking advancement. By leveraging surplus electricity and providing the lowest retail hosting costs in the industry, Sazmining has created the ideal situation for both miners and the environment.
Visit Sazmining online to learn more and be a part of the sustainable Bitcoin mining revolution: http://www.sazmining.com.
For media inquiries, please contact Jonathan Duran at (310) 260-7901 or Jonathan(at)Melrosepr(dot)com
About Sazmining
Sazmining is a sustainable bitcoin mining platform that aims to onboard the next million people into the Bitcoin network as miners. With the Sazmining platform, anyone can buy their own mining rig and generate regular passive income from entirely clean energy without the headache of having to set-up, maintain, and run. Sazmining pools customer capital to bulk order discounted mining rigs and negotiate for low-cost, long-term carbon neutral energy contracts. By making bitcoin mining accessible to regular people and relying solely on clean energy sources, Sazmining ensures a bright future for Bitcoin.
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Sazmining's new mining facility in Paraguay represents a groundbreaking advancement. By leveraging surplus electricity and providing the lowest retail hosting costs in the industry, Sazmining has created the ideal situation for both miners and the environment.
Media Contact
Jonathan Duran, Melrose PR, 3102607901, jonathan@melrosepr.com, https://www.melrosepr.com/
SOURCE Sazmining
