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Of course, it is not worth it, but if Brazil and Paraguay own this dam, which is used to generate energy, there must be international agreements that determine each country’s shares of energy, and it is certain that Paraguay will not violate international law in selling Brazil’s dues to other parties, such as mining companies or others.
There is one that's the whole thing, some in Paraguay don't want to honor it anymore, but that's just political suicide and killing foreign relations for....
As I read in the article, the Paraguayan Senate approved a resolution supporting the sale of the country’s surplus energy to cryptocurrency mining companies. According to my understanding, only Paraguay’s surplus energy will be sold, and Brazil’s share will not be affected, Although the announcement criticized substandard agreements that sell energy to Brazil for 25% of the fees collected
As I said, things are more complicated than just then, there is a provision on excess generation in which Brazil claims it would have priority on buying that, Paraguay says ok but not at the same price as the mandatory quota, Brazil says no, the same price and .....we have the current situation.
The main problem is if you're thinking long term
- unless the world goes nuclear Brazil will still be there in 100 years and be your 30x in size neighbor
- The US/EU/ bans crypto, Bitcoin switched to PoS, another currency comes out, etc and mining turns out to be a dead business returning 10 cents a day
Foreign relations are complicated, your biggest parent slapping you with some tariffs and everything you own is down the drain, things are not as easy as it might seem, in theory is simple, let's sell this for more but...