Bitcoin Mining Consumes 30% of Paraguay's Electricity, Analysts Warn of 2029 Energy Crisis

Energy analysts at the Accelerating Bitcoin conference warned that Bitcoin mining now accounts for 30% of Paraguay's total power consumption, equivalent to the output of 1.5 turbines at the Itaipu Dam. Researcher Victorio Oxilia cautioned that if mining operations continue to expand, the country could face an energy crisis by 2029. Paraguay has seen stagnant energy production and lacks significant infrastructure investment over the past 50 years, requiring $11 billion to $15 billion in funding over the next 13 years to meet demand. While mining contracts ar