Bitcoin mining consumes 30% of Paraguay’s electricity; analysts warn of an energy crisis by 2029.

According to Bitcoin.com, at the "Accelerate Bitcoin" conference, several energy analysts issued warnings about the impact of Bitcoin mining on Paraguay’s power grid. Energy researcher Victorio Oxilia noted that Bitcoin mining currently consumes 30% of Paraguay’s total electricity—equivalent to the output of one and a half turbines at the Itaipu Dam. If mining continues to expand, an energy crisis is projected by 2029. Meanwhile, Paraguay’s electricity production has remained stagnant for years, requiring an investment of $11 to $15 billion over the next 13 years to meet growing demand—yet there has been virtually no major energy investment in the past 50 years. Existing energy contracts with mining companies are set to expire in 2027, and their renewal remains uncertain. Analysts also pointed out that mining electricity consumption is adjustable, allowing operators to turn mining operations on or off in response to grid load, making it easier to manage than residential power usage. Paraguayan authorities have already intensified efforts to combat illegal power theft and have secured convictions in related criminal cases.