Argentina Presidential Candidate Proposes Mining Bitcoin With Residual Natural Gas, Faces Skepticism

Argentina’s presidential candidate Jose Luis Espert has proposed mining bitcoin with the nation’s residual natural gas in order to raise funds for infrastructure projects, although his plan has been met with skepticism. Espert has suggested reserving a portion of the national production of natural gas for the purpose of mining cryptocurrencies, and has proposed the creation of a state-owned crypto mining company to run the initiative. However, experts have voiced their doubts about the feasibility of such a project, citing the high electricity costs required to operate a mining rig, as well as Argentina’s lack of expertise in blockchain technology. Furthermore, many have questioned if the government would be able to accurately evaluate and control the risk associated with such a project. Espert’s proposal is currently under review, and it remains to be seen what outcome it will have.