[Bitcoin Mining Consumes 30% of Paraguay's Electricity, Analysts Warn of Potential Energy Crisis by 2029] According to Deep Tide TechFlow on August 28, citing a report from (Bitcoin.com), multiple energy analysts raised concerns about the impact of Bitcoin mining on Paraguay's power grid during the 'Accelerate Bitcoin' conference. Energy researcher Victorio Oxilia pointed out 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 operations continue to expand, an energy crisis is expected to erupt by 2029. Meanwhile, Paraguay's electricity production has stagnated for a long time, and an investment of $11 billion to $15 billion will be required over the next 13 years to meet growing demand. However, there has been almost no significant energy investment in the past 50 years. Existing energy contracts with mining companies are set to expire in 2027, and the prospects for renewal remain uncertain. Analysts also noted that electricity used for mining is adjustable, allowing operators to flexibly turn operations on or off based on grid load, making it easier to manage compared to residential electricity usage. Currently, Paraguayan authorities have intensified their crackdown on illegal electricity theft and have prosecuted related crimes.