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Akash Network (AKT) $ 2.36
The Sandbox (SAND) $ 0.241791
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Ronin (RON) $ 1.43
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Wormhole (W) $ 0.190957
PAX Gold (PAXG) $ 2,588.02
Dogs (DOGS) $ 0.000947
ApeCoin (APE) $ 0.710172
Mina Protocol (MINA) $ 0.411942
Coinbase Wrapped Staked ETH (CBETH) $ 2,471.58
Chiliz (CHZ) $ 0.051008
Terra Luna Classic (LUNC) $ 0.000081
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LayerZero (ZRO) $ 3.92
Zcash (ZEC) $ 29.04
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L2 Standard Bridged WETH (Blast) (WETH) $ 2,293.80
Frax Ether (FRXETH) $ 2,280.53
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
Astar (ASTR) $ 0.058371
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XDC Network (XDC) $ 0.027631
AIOZ Network (AIOZ) $ 0.367919
Jupiter Staked SOL (JUPSOL) $ 135.28
IOTA (IOTA) $ 0.119967
Theta Fuel (TFUEL) $ 0.061199
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Aerodrome Finance (AERO) $ 0.653927
Ethena (ENA) $ 0.211287
APENFT (NFT) $ 0.00000041
Livepeer (LPT) $ 11.51
Oasis Network (ROSE) $ 0.059009
ZKsync (ZK) $ 0.107398
Trust Wallet (TWT) $ 0.942616
SuperVerse (SUPER) $ 0.852950
Bitcoin Gold (BTG) $ 21.89
MX (MX) $ 3.89
Gnosis (GNO) $ 145.67
Echelon Prime (PRIME) $ 8.16
Raydium (RAY) $ 1.42
Axelar (AXL) $ 0.476824
Compound (COMP) $ 42.39
Binance-Peg BUSD (BUSD) $ 1.00
cat in a dogs world (MEW) $ 0.004118
Beldex (BDX) $ 0.054046
SafePal (SFP) $ 0.735664
WEMIX (WEMIX) $ 0.866600
L2 Standard Bridged WETH (Base) (WETH) $ 2,289.48
Polygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,288.93
Ondo US Dollar Yield (USDY) $ 1.06
Staked Frax Ether (SFRXETH) $ 2,583.63
Turbo (TURBO) $ 0.004690
Mog Coin (MOG) $ 0.00000089
Sundog (SUNDOG) $ 0.317502
Kava (KAVA) $ 0.293979
Safe (SAFE) $ 0.663909
Blur (BLUR) $ 0.168127
IoTeX (IOTX) $ 0.033025
Curve DAO (CRV) $ 0.260474
Swell Ethereum (SWETH) $ 2,441.62
Bitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 57,878.00
SingularityNET (AGIX) $ 0.597997
Baby Doge Coin (BABYDOGE) $ 0.00000000
GMT (GMT) $ 0.123416
Kusama (KSM) $ 19.56
1inch (1INCH) $ 0.234919
Lombard Staked BTC (LBTC) $ 57,873.00
Amp (AMP) $ 0.003655
Metaplex (MPLX) $ 0.299444
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Osmosis (OSMO) $ 0.420811
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ConstitutionDAO (PEOPLE) $ 0.055211
JUST (JST) $ 0.027960
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Dash (DASH) $ 23.14
MMX (MMX) $ 1.87
Dymension (DYM) $ 1.33
Holo (HOT) $ 0.001526
Galxe (GAL) $ 2.11
CorgiAI (CORGIAI) $ 0.000786
Golem (GLM) $ 0.267821
QuantixAI (QAI) $ 74.75
PepeCoin (PEPECOIN) $ 2.23
Arkham (ARKM) $ 0.995698
Terra (LUNA) $ 0.373383
aelf (ELF) $ 0.349742
Basic Attention (BAT) $ 0.168102
Zilliqa (ZIL) $ 0.013041
Gravity (G) $ 0.034140
cWBTC (CWBTC) $ 1,160.81
Ankr Network (ANKR) $ 0.024415
Manta Network (MANTA) $ 0.641076
Illuvium (ILV) $ 35.71
Olympus (OHM) $ 15.04
Memecoin (MEME) $ 0.009144
Ultima (ULTIMA) $ 6,577.25
Jito (JTO) $ 1.89
Celo (CELO) $ 0.436326
Siacoin (SC) $ 0.004143
0x Protocol (ZRX) $ 0.277795
Usual USD (USD0) $ 1.00
Polygon Bridged WBTC (Polygon POS) (WBTC) $ 57,785.00
Aragon (ANT) $ 5.80
Polymesh (POLYX) $ 0.213209
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Ravencoin (RVN) $ 0.016111
Qtum (QTUM) $ 2.18
OUSG (OUSG) $ 107.98
Avail (AVAIL) $ 0.127648
Sun Token (SUN) $ 0.022957
Rollbit Coin (RLB) $ 0.090410
Ether.fi (ETHFI) $ 1.25
Quorium (QGOLD) $ 2,589.25
Aethir (ATH) $ 0.053612
GMX (GMX) $ 22.30
Arbitrum Bridged USDC (Arbitrum) (USDC.E) $ 1.00
OriginTrail (TRAC) $ 0.528628
CoinEx (CET) $ 0.076211
Radix (XRD) $ 0.020102
Simon's Cat (CAT) $ 0.000031
DOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.002111
Threshold Network (T) $ 0.021072
Gas (GAS) $ 3.17
Mask Network (MASK) $ 2.06
Liquid Staked ETH (LSETH) $ 2,444.02
Venom (VENOM) $ 0.110226
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Flux (FLUX) $ 0.564103
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dYdX (ETHDYDX) $ 0.863040
BENQI Liquid Staked AVAX (SAVAX) $ 27.31
Rocket Pool (RPL) $ 9.29
Qubic (QUBIC) $ 0.000002
Ocean Protocol (OCEAN) $ 0.555056
Tribe (TRIBE) $ 0.411773
Binance-Peg Dogecoin (DOGE) $ 0.099758
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MimbleWimbleCoin (MWC) $ 16.93
Nexus Mutual (NXM) $ 52.04
EthereumPoW (ETHW) $ 1.70
Osaka Protocol (OSAK) $ 0.00000024
COTI (COTI) $ 0.105665
Blast (BLAST) $ 0.008913
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
Biconomy (BICO) $ 0.204044
Goldfinch (GFI) $ 2.13
Metis (METIS) $ 29.58
UMA (UMA) $ 2.12
Kittekoin (KOIN) $ 0.174850
API3 (API3) $ 1.48
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Wrapped Beacon ETH (WBETH) $ 2,401.29
io.net (IO) $ 1.76
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Alchemix USD (ALUSD) $ 0.981453
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Neiro (NEIRO) $ 0.000391
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Arcblock (ABT) $ 1.63
Saga (SAGA) $ 1.58
Convex Finance (CVX) $ 1.95
SKALE (SKL) $ 0.030846
NEM (XEM) $ 0.017428
Hivemapper (HONEY) $ 0.061435
Gigachad (GIGA) $ 0.015729
cETH (CETH) $ 46.02
Nosana (NOS) $ 1.84
Drift Protocol (DRIFT) $ 0.682274
Tellor Tributes (TRB) $ 58.25
Bitkub Coin (KUB) $ 1.71
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Yield Guild Games (YGG) $ 0.356863
Maple (MPL) $ 17.55
PAAL AI (PAAL) $ 0.160703
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SSV Network (SSV) $ 19.14
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Wexo (WEXO) $ 2.60
Mythos (MYTH) $ 0.182887
H2O Dao (H2O) $ 0.161685
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Aleph Zero (AZERO) $ 0.395805
Vanar Chain (VANRY) $ 0.093153
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Solar (SXP) $ 0.196015
Moca Coin (MOCA) $ 0.105380
Solayer Staked SOL (SSOL) $ 133.05
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Kinesis Gold (KAU) $ 83.16
Velo (VELO) $ 0.015573
NKYC Token (NKYC) $ 28.70
Ecoin (ECOIN) $ 0.000248
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BasedAI (BASEDAI) $ 3.19
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0x0.ai: AI Smart Contract (0X0) $ 0.124836
WHY (WHY) $ 0.00000026
Nano (XNO) $ 0.827723
Verus (VRSC) $ 1.43
Everscale (EVER) $ 0.055279
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VVS Finance (VVS) $ 0.000002
DigiByte (DGB) $ 0.006290
ECOMI (OMI) $ 0.000400
Taiko (TAIKO) $ 1.41
Balancer (BAL) $ 1.76
Coinbase Wrapped BTC (CBBTC) $ 57,741.00
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Pax Dollar (USDP) $ 1.00
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Helium Mobile (MOBILE) $ 0.001054
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WAX (WAXP) $ 0.029572
Ontology Gas (ONG) $ 0.264397
inSure DeFi (SURE) $ 0.003878
Waves (WAVES) $ 1.02
iExec RLC (RLC) $ 1.40
Xai (XAI) $ 0.174696
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Powerledger (POWR) $ 0.188571
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Standard Bridged USDC.e (Optimism) (USDC.E) $ 1.00
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Tokenlon (LON) $ 0.845170
Zentry (ZENT) $ 0.016623
Orbs (ORBS) $ 0.022156
Marlin (POND) $ 0.011981
Tron Bull (BULL) $ 0.096955
IX Swap (IXS) $ 0.535201
Synapse (SYN) $ 0.437611
Neutron (NTRN) $ 0.341017
Coq Inu (COQ) $ 0.000001
Coin98 (C98) $ 0.114650
Pixels (PIXEL) $ 0.123078
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TerraClassicUSD (USTC) $ 0.016222
BitMart (BMX) $ 0.277705
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LCX (LCX) $ 0.120225
Bridged Wrapped stETH (Gnosis) (WSTETH) $ 2,666.66
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Magic (MAGIC) $ 0.315888
Status (SNT) $ 0.021468
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BTSE Token (BTSE) $ 0.505746
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Solidus Ai Tech (AITECH) $ 0.079970
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Overnight.fi USD+ (USD+) $ 0.998840
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Syscoin (SYS) $ 0.098767
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TokenFi (TOKEN) $ 0.047208
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HarryPotterObamaSonic10Inu (ETH) (BITCOIN) $ 0.077120
Liquity (LQTY) $ 0.794769
Hive (HIVE) $ 0.169408
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PHALA (PHA) $ 0.101511
Ampleforth (AMPL) $ 1.13
Steem (STEEM) $ 0.160079
Zebec Network (ZBCN) $ 0.001245
Huobi (HT) $ 0.470830
Spell (SPELL) $ 0.000505
Clearpool (CPOOL) $ 0.124076
Medibloc (MED) $ 0.008285
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Slerf (SLERF) $ 0.148911
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Request (REQ) $ 0.096122
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Kyber Network Crystal (KNC) $ 0.421641
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Polyhedra Network (ZKJ) $ 1.15
Undeads Games (UDS) $ 1.46
Decentralized Social (DESO) $ 6.56
Omni Network (OMNI) $ 6.65
BUSD (BUSD) $ 0.993360

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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