Argentina’s presidential candidate, Daniel Scioli, has proposed using the country’s surplus natural gas to mine Bitcoin, but has come under criticism from the industry. The proposal, made during a speech last week, would see residual natural gas, the gas remaining after the extraction of oil, being used to power Bitcoin mining centers throughout the country. Despite his enthusiasm, the proposal has been met with a large amount of skepticism from Bitcoin experts and industry leaders alike, many of whom have questioned the viability of the proposal, pointing out the cost-effectiveness of mining operations. Despite this, Scioli has insisted on the proposal, claiming the operation would provide a reliable and steady source of revenue for the country.
