Considered the second largest dam in the world after China's Three Gorges Dam, the Itaipu Dam has an overproduction of 5500 MW of hydroelectric power, most of which is currently being sold to Brazil at a relatively low price.

The biggest challenge facing Paraguayan leadership is "to be able to utilize more of this energy in Paraguay and for all Paraguayans to benefit."

After our visit, the Braiins team is convinced that bitcoin mining can be a huge component in solving that challenge.

Miners are the ultimate demand response resource due to their location independence and ease of adjustment in power consumption (from 0 to 100% and vice versa in under 1 minute).

What do miners gain from volunteering to occasionally shut off their power? The answer is simple: an unbeatable power price (less than $0.02/kWh),

Cheap power isn’t the only feature necessary to a favorable environment for mining though. Friendly and reliable regulation is important too.

The local climate can be taxing on mining hardware.

Paraguay’s temperatures run hot all year long. There’s also no shortage of reddish-brown dirt blown every direction when the wind picks up,

Paraguayan miners could soon begin to transition en masse to immersion infrastructure similar to the trend currently happening in Texas today.

Immersion can help more safely and efficiently overclock hardware, which is important for many miners to boost revenue and remain competitive.

Final thought: [...] hashrate continues shuffling around the world and relocating to new regions.