The commune of Serodino, belonging to the department of Iriondo, will start mining cryptocurrencies as part of a project driven by the public and private sector.
It looks like Argentina has a new cryptocurrency hub: Serodino.
With less than 6,000 inhabitants, the town of Serodino, in the province of Santa Fe, has decided to explore cryptocurrency mining as an alternative form of financing in the face of the economic crisis that the country is going through. According to the news media locales, el presidente de la localidad, Juan Pío Drovetta, dio a conocer el proyecto esta semana.
In an interview for Radio Dos Drovetta said that the cryptomining proposal came up in discussions with the ” children of the commune “on possible forms of financing for the municipality . Located 50 kilometers from Rosario, the town has been facing budgetary difficulties due to the inflation a general increase in prices and fall in the purchasing value of money. of the national currency. The media Infobae quoted the statements:
“Nosotros venimos trabajando e investigando sobre esto que es muy amplio y que tiene que ver con la economía del conocimiento en donde uno trata de innovar, de evolucionar, de mejorar los conocimientos que uno tiene para el desarrollo económico”.
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The communal chief assured the media that the population of Serodino had been receptive to the plans. “Esto yo lo planteé sobre todo con empresarios de pymes de la localidad y la verdad es que tuvimos una recepción muy importante”, dijo Drovetta, y agregó que algunos de los empresarios que están apoyando el proyecto contaban previamente con conocimientos sobre el asunto.
“ The surprise we had is that two of the businessmen who pleasantly supported the initiative already […] knew what we were talking about “, he recounted. The cryptocurrency mining operations will begin as part of a pilot project jointly funded by the private and public sector. Both have pooled resources to purchase the necessary equipment.
According to the media, the facility will initially have “6 placas de video” in a cryptocurrency mining team. While no details were provided about the mining machines or the cryptocurrencies they will mine, the commune’s president said they expect to generate between 50,000 and 70,000 Argentine pesos (USD $443 – $620) monthly from the operation.
The municipality has no plans to keep the cryptocurrencies, as the intention is to exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. the rewards generated into Argentine pesos. Overall, Drovetta, who did not particularly come across as an expert on the matter, expressed optimism about the project. “ This is crypto generation here you always win “ He said, stressing that the project was not focused on speculative trading.
You leave that hardware working for a certain period of time, let’s assume a month, and for a month the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. will pay you and then we transform it into [pesos]. Approximately, we can say that in this pilot test, we can get $50,000, $60,000, $70,000 pesos per month.
100% of the profit will go to the community
The president also expressed no fears about the cryptominer’s energy consumption, an issue that has been criticized by environmentalists around the world. In this regard, he assured that it is a small installation of “a small amount of energy”. very little “energy consumption. “ The problem arises when we talk about a mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. farm, then we are talking about a much higher consumption. “, agregó.
In the same way, he addressed the possible tax challenges, indicating that the community is working with university professors from Rosario who specialize in accounting. “to know the tax treatment of the profit that is generated.” . “ In reality there is no regulation, there is no legislation, because this is new. “, sostuvo.
As for the investment of the profits generated from cryptocurrency mining, he guaranteed that 100% will go to the community to fund infrastructure or education projects. During the radio program, Drovetta had highlighted Serodino’s road infrastructure problems, hinting at a possible destination for the resources. He also advanced that the money could go to educational programs.
“ 100% of that profit will go to an institution that will have to present a project. “, dijo el presidente.
The reports did not provide a launch timeline for the cryptocurrency initiative.
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Article by Hannah Estefania Perez / DiarioBitcoin
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