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Decentraland (MANA) $ 0.286236
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Dogs (DOGS) $ 0.000969
TrueUSD (TUSD) $ 0.999940
Chiliz (CHZ) $ 0.054373
Coinbase Wrapped Staked ETH (CBETH) $ 2,577.30
PAX Gold (PAXG) $ 2,576.60
LayerZero (ZRO) $ 4.32
Terra Luna Classic (LUNC) $ 0.000084
PancakeSwap (CAKE) $ 1.80
Synthetix Network (SNX) $ 1.46
Zcash (ZEC) $ 30.86
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Astar (ASTR) $ 0.063498
DeXe (DEXE) $ 7.97
Livepeer (LPT) $ 13.10
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ZKsync (ZK) $ 0.118538
Frax Ether (FRXETH) $ 2,382.85
AIOZ Network (AIOZ) $ 0.386809
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SuperVerse (SUPER) $ 0.932873
XDC Network (XDC) $ 0.028147
Oasis Network (ROSE) $ 0.062246
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
Theta Fuel (TFUEL) $ 0.062123
USDB (USDB) $ 1.00
APENFT (NFT) $ 0.00000041
cat in a dogs world (MEW) $ 0.004551
Neiro (NEIRO) $ 0.000957
Raydium (RAY) $ 1.51
Bitcoin Gold (BTG) $ 22.64
Gnosis (GNO) $ 151.97
Compound (COMP) $ 44.48
L2 Standard Bridged WETH (Base) (WETH) $ 2,385.76
Blur (BLUR) $ 0.205912
MX (MX) $ 3.93
Echelon Prime (PRIME) $ 8.25
Mog Coin (MOG) $ 0.000001
Binance-Peg BUSD (BUSD) $ 1.00
WEMIX (WEMIX) $ 0.897367
Turbo (TURBO) $ 0.005299
SafePal (SFP) $ 0.745972
Beldex (BDX) $ 0.054360
Kava (KAVA) $ 0.331278
Polygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,387.25
Ondo US Dollar Yield (USDY) $ 1.10
Safe (SAFE) $ 0.734726
Baby Doge Coin (BABYDOGE) $ 0.00000000
Curve DAO (CRV) $ 0.283574
Trust Wallet (TWT) $ 0.811581
Sundog (SUNDOG) $ 0.338982
Staked Frax Ether (SFRXETH) $ 2,617.58
Osmosis (OSMO) $ 0.494156
Bitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 62,204.00
IoTeX (IOTX) $ 0.035472
PepeCoin (PEPECOIN) $ 2.84
Reserve Rights (RSR) $ 0.006461
Aevo (AEVO) $ 0.379996
Dymension (DYM) $ 1.62
1inch (1INCH) $ 0.255991
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Kusama (KSM) $ 20.86
Lombard Staked BTC (LBTC) $ 62,301.00
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WOO (WOO) $ 0.175202
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GMT (GMT) $ 0.128857
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Galxe (GAL) $ 2.24
Golem (GLM) $ 0.284482
Metaplex (MPLX) $ 0.285168
QuantixAI (QAI) $ 79.39
MMX (MMX) $ 1.92
Manta Network (MANTA) $ 0.733899
Memecoin (MEME) $ 0.010436
JUST (JST) $ 0.027644
Gravity (G) $ 0.037602
Jito (JTO) $ 2.11
Illuvium (ILV) $ 39.40
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Ankr Network (ANKR) $ 0.026675
Basic Attention (BAT) $ 0.178412
Zilliqa (ZIL) $ 0.013969
CorgiAI (CORGIAI) $ 0.000767
Terra (LUNA) $ 0.382038
aelf (ELF) $ 0.360932
Ultima (ULTIMA) $ 6,552.89
Celo (CELO) $ 0.469849
Enjin Coin (ENJ) $ 0.147036
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Olympus (OHM) $ 15.51
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Ether.fi (ETHFI) $ 1.43
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Simon's Cat (CAT) $ 0.000036
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Qtum (QTUM) $ 2.32
Aethir (ATH) $ 0.059130
Usual USD (USD0) $ 1.00
Aragon (ANT) $ 5.93
Sun Token (SUN) $ 0.024172
GMX (GMX) $ 24.08
OUSG (OUSG) $ 108.04
CoinEx (CET) $ 0.081944
Radix (XRD) $ 0.021049
Mask Network (MASK) $ 2.22
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Flux (FLUX) $ 0.624384
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Threshold Network (T) $ 0.022212
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Quorium (QGOLD) $ 2,559.44
BENQI Liquid Staked AVAX (SAVAX) $ 29.77
Goldfinch (GFI) $ 2.57
Saga (SAGA) $ 2.11
Mantle Bridged USDT (Mantle) (USDT) $ 0.999565
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Liquid Staked ETH (LSETH) $ 2,443.23
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Rocket Pool (RPL) $ 9.87
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Venom (VENOM) $ 0.105820
Metis (METIS) $ 32.96
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Binance-Peg Dogecoin (DOGE) $ 0.104563
Biconomy (BICO) $ 0.223598
Tribe (TRIBE) $ 0.426400
Nexus Mutual (NXM) $ 54.20
Osaka Protocol (OSAK) $ 0.00000025
API3 (API3) $ 1.62
COTI (COTI) $ 0.107164
UMA (UMA) $ 2.25
Wrapped Beacon ETH (WBETH) $ 2,508.61
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
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Arcblock (ABT) $ 1.74
Centrifuge (CFG) $ 0.341818
Band Protocol (BAND) $ 1.18
Convex Finance (CVX) $ 2.06
Tellor Tributes (TRB) $ 64.39
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yearn.finance (YFI) $ 4,940.32
Alchemix USD (ALUSD) $ 0.988437
Nosana (NOS) $ 1.96
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Open Campus (EDU) $ 0.625816
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NEM (XEM) $ 0.017869
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Bitkub Coin (KUB) $ 1.79
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Aleph Zero (AZERO) $ 0.394852
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BasedAI (BASEDAI) $ 3.58
JOE (JOE) $ 0.351600
Horizen (ZEN) $ 8.18
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Sushi (SUSHI) $ 0.652704
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Solayer Staked SOL (SSOL) $ 137.93
Moca Coin (MOCA) $ 0.108740
BitMart (BMX) $ 0.363054
Blox (CDT) $ 0.181484
Coinbase Wrapped BTC (CBBTC) $ 62,160.00
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ETHPlus (ETH+) $ 2,436.54
NKYC Token (NKYC) $ 30.19
Metars Genesis (MRS) $ 1.43
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World Mobile Token (WMT) $ 0.193064
0x0.ai: AI Smart Contract (0X0) $ 0.132902
OKT Chain (OKT) $ 6.60
Venus (XVS) $ 7.19
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Kinesis Gold (KAU) $ 82.41
DigiByte (DGB) $ 0.006648
UXLINK (UXLINK) $ 0.675944
Ecoin (ECOIN) $ 0.000248
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Xai (XAI) $ 0.195857
Kinesis Silver (KAG) $ 30.26
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Everscale (EVER) $ 0.056678
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iExec RLC (RLC) $ 1.52
Pixels (PIXEL) $ 0.142343
VVS Finance (VVS) $ 0.000002
WAX (WAXP) $ 0.031288
Ontology Gas (ONG) $ 0.278560
ECOMI (OMI) $ 0.000400
Numeraire (NMR) $ 14.71
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Dusk (DUSK) $ 0.230093
Across Protocol (ACX) $ 0.256760
Coin98 (C98) $ 0.129041
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Bone ShibaSwap (BONE) $ 0.416320
Songbird (SGB) $ 0.006924
Orbs (ORBS) $ 0.023590
inSure DeFi (SURE) $ 0.003906
Powerledger (POWR) $ 0.196508
TerraClassicUSD (USTC) $ 0.017513
Marlin (POND) $ 0.012639
Telos (TLOS) $ 0.243078
BORA (BORA) $ 0.091635
Coq Inu (COQ) $ 0.000001
MCOIN (MCOIN) $ 0.573945
Function X (FX) $ 0.132263
Standard Bridged USDC.e (Optimism) (USDC.E) $ 0.998951
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Omni Network (OMNI) $ 8.38
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BTSE Token (BTSE) $ 0.505445
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Covalent X Token (CXT) $ 0.095992
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Slerf (SLERF) $ 0.161564
Solidus Ai Tech (AITECH) $ 0.079641
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Overnight.fi USD+ (USD+) $ 0.999365
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Moonwell (WELL) $ 0.026372
Adventure Gold (AGLD) $ 0.936617
Oasys (OAS) $ 0.038768

Bitcoin Mining Booms in Argentina in the Wake of Growing Hyperinflation

By Aleksandr On Jun 1, 2021

Earlier, Argentina’s growing inflation had led to a significant portion of the country turning to Bitcoin to use it as an inflation hedge. Now Bitcoin mining is proving to be a profitable investment. A miner from Buenos Aires explained why Bitcoin mining is a profitable investment in the region.

“Even after Bitcoin’s price correction, the cost of electricity for anyone mining from their house is still a fraction of the total revenue generated,”

A majority of Bitcoin mining in Argentina is home-based because of the cheap electricity cost. Miners sell their Bitcoin earnings at a parallel exchange rate helping them to cope with the growing hyperinflation.

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Would Argentina Follow on Iran’s Footsteps?

Iran is going through a similar turmoil as Argentina and US sanctions have only added to their woes. Amid growing inflation and trade sanctions Iran decided to utilize its surplus electricity production for Bitcoin mining and went on to regulate the market. It was also considering using Bitcoin for foreign trades at one point. Iran recently temporarily banned all crypto mining in the country due to power shortages and blackouts. The president blamed illegal mining in the country for the electricity shortage.

While Argentina is a net importer of gas the household electricity bill accounts for only 2%-3% of total cost because of subsidized policy. Household mining could see a surge in the wake of worsening financial conditions.

Source link: cryptonews.net

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