The city of Sorradino in the Argentine province of Santa Fe has started mining crypto to raise the money needed to upgrade its rail infrastructure. The mayor does not see any risk in mining cryptocurrencies that can be sold outright.
according to local mediareport The city of 6,000 people has already bought six graphics cards and will buy mining machines in the near future, according to Sorradino Mayor Juan Pio Drovetta, the mining initiative. cryptocurrencies Get support from the local community
Sorradino, like many other rural towns in Argentina, has been hit hard by the coronavirus pandemic. and the effect of inflation And it has struggled to pay fines for rail infrastructure that resumed for the first time in 33 years last year. The upgrade will focus on the rail costs that connect Sorradino to nearby major cities.
Drovetta Estimates Monthly Income From City’s Future Crypto Mining Operations To Hundreds Of Dollars In Local Revenue The mayor did not specify which coins will be mined. But in his comments on the potential risks associated with the price volatility of crypto assets, he emphasizes that we do not have any direct plans to buy crypto, but mining is a safe investment option:
“We didn’t buy cryptocurrencies and want to profit from speculation, where we may [ทั้ง] win [หรือแพ้] But what we will do is create cryptocurrencies So we will always win.”
Drovetta also emphasized that the city is planning to pay taxes on mining revenue. by having done the necessary research on this subject
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