Argentina develops a cryptocurrency house that will mine bitcoin

Newlink Capital has presented a project of a new residential complex in Buenos Aires called Next Pampa 2.0, which will allow mining cryptocurrency and saving money.

According to representatives of Newlink Capital, a bitcoin mining farm will be located in the basement of the high-rise building, with the profits from which it will be possible to pay for construction and repair costs. Solar panels will be installed on the roof of the building to provide all apartments with sufficient renewable energy.

According to the chief developer of Next Pampa 2.0, Newlink Capital plans to develop a business strategy to generate profits from mining, even in the face of instability in the crypto market. Representatives of Newlink Capital will calculate the average price of bitcoin over the past 12 months in order to scale the mining farm to cover 100% of the construction costs based on the average cost.

It is not yet known whether it will be possible to pay for the purchase of real estate in cryptocurrency, but given the concept of the house, digital assets are a priority for Newlink Capital. The trend of buying real estate for virtual assets is in demand in Ukraine. So recently, the developer DIM opened the possibility of buying apartments for cryptocurrency. In the first stages, USDC, USDT, BUSD, and DAI will be accepted. You can also buy real estate in Dubai, Portugal, and Brazil with cryptocurrency.