According to PANews news on July 28, according to Cryptonews, the Argentine Ministry of Economy released a revised electricity price list, and the electricity price for cryptocurrency mining increased. The document stipulates that mining activities will be about $63.3 per megawatt-hour, the highest level of electricity prices. In contrast, residential energy costs are heavily subsidized, with households entitled to subsidies of up to 70%, at a price of approximately $11.3 per megawatt-hour. The rise puts cryptocurrency mining in the same energy price bracket as heavy industry and above what commercial businesses pay. The revised prices will be effective August 1 and will remain in effect until October 31, 2023, at which point they may change again. Earlier in 2022, the Ministry announced that it would cancel the right of miners to receive electricity subsidies, which caused the price of 1 megawatt-hour of electricity for miners to rise from just under $17 to nearly $48.

According to news on July 28, the Argentine Ministry of Economy released a list of electricity rates, which will increase electricity costs for cryptocurrency mining. The document stipulates that mining activities will cost 17,240 Argentine pesos per megawatt-hour, which is about $63.3. Residential energy, on the other hand, enjoys a 70% subsidy at about $11.3 per MWh. The revised rates will come into effect on August 1 and will remain in place until October 31, 2023, when they may change again.

Odaily Planet Daily News The Argentine Ministry of Economy released a list of electricity costs, which will increase electricity costs for cryptocurrency mining. The document stipulates that mining activities will cost 17,240 Argentine pesos per megawatt-hour, which is about $63.3. Residential energy, on the other hand, enjoys a 70% subsidy at about $11.3 per MWh. The revised rates will come into effect on August 1 and will remain in place until October 31, 2023, when they may change again.