Developed by the British firm FMI Minecraft Mining, it would have an electricity demand equivalent to four times that of the entire province of Neuquén
british society IMF Minecraft Mining presented a controversial project to create a cryptocurrency farm in Neuquén.
The initiative has been heavily criticized for the high energy consumption the facilities would require (four times the provincial average) and for failing to meet climate commitments.
The farm, which would be devoted to the creation of Bitcoin (BTC)would be located in the Zapala Free Zone (ZFZ) and would generate, according to its promoters, infrastructure and quality work.
“It will generate wealth, that’s what we want because we are businessmen, so it’s extremely positive for Zapala, for the province and the country,” the company told local media. .
On the other hand, its retractors warn that this project will generate environmental damage in the consumption and production of energy.
“The socio-environmental cost, the impacts it generates cannot be for the privilege and benefit of very few companies”, they underline.
The installation of the farm has positions for and against
AFIP discovers illegal cryptocurrency farms
The Federal Administration of Public Revenue (AFIP) discovered “clandestine” farms in San Juan and Córdoba, which had equipment valued at more than $600,000.
The facilities were operated by monotributistas and, according to the entity, one of the farms obtained undeclared income for $217,000 over the past seven months.
The AFIP was able to verify that the managers of the looted facilities did not have the economic or financial capacity to import the expensive “rigs”, plates and computers used in the mining of these financial assets, at the same time as they did not have not declared the activity or the income derived from it.
By cross-referencing the data, the specialized inspection and control areas dependent on the General Directorate of Taxes (DGI) and the General Directorate of Customs (DGA) detected the electricity consumption of 85,000 kilowatts.
These figures translate into a cost close to $1,000,000 per month.
In addition, AFIP officials detected investments that exceeded u$s600,000 in over 600 video cardscarried out by contributors registered like monotributistas.