{"id":72305,"date":"2026-05-10T05:58:51","date_gmt":"2026-05-10T05:58:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gustavo-petro-warns-fossil-fueled-crypto-mining-will-trigger-climate-collapse\/"},"modified":"2026-05-10T05:58:51","modified_gmt":"2026-05-10T05:58:51","slug":"gustavo-petro-warns-fossil-fueled-crypto-mining-will-trigger-climate-collapse","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gustavo-petro-warns-fossil-fueled-crypto-mining-will-trigger-climate-collapse\/","title":{"rendered":"Gustavo Petro Warns Fossil-Fueled Crypto Mining Will Trigger &#8216;Climate Collapse&#8217;"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Colombia\u2019s Gustavo Petro warned that fossil-fueled Bitcoin mining risks global climate collapse.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Paraguay holds the 4th largest global hashrate, while Venezuela\u2019s 9-year peak energy crisis halted mining.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Petro wants 3 Caribbean cities to mine Bitcoin, though the 2026 Hashrate Index report omits Colombia.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>President Petro Highlights Venezuelan and Paraguayan Potential For Energy Mining<\/h2>\n<p> <span>Cryptocurrency<\/span> mining, as a global activity, has awakened the attention of world leaders, who are offering their takes on what the future of these operations looks like.<\/p>\n<p>Gustavo Petro, Colombia\u2019s controversial leader, took it to social media to reiterate the need for green sources to power these energy-intensive activities.<\/p>\n<p><\/p>\n<p>Petro <a href=\"https:\/\/x.com\/petrogustavo\/status\/2051709343767142609?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">warned<\/a> that <strong>\u201cif virtual currencies rely on fossil fuels, global warming and climate collapse will erupt.\u201d<\/strong><\/p>\n<p>Furthermore, he stressed that countries with untapped clean energy, including Venezuela and Paraguay, are attracting <span>bitcoin mining<\/span> investments. While Paraguay holds the fourth largest <span>hashrate<\/span> in the world, behind powerhouses like the U.S., Russia, and China, Venezuela is not even in the top 10.<\/p>\n<p>Paraguay has taken advantage of its abundant hydroelectric resources in the Iguazu dam, one of the largest in the world, to offer very competitive energy prices ranging from $0.037 to 0.050\/kWh.<\/p>\n<p>Venezuela recently banned <span>bitcoin mining<\/span>, as its government faces an energy crisis, with demand skyrocketing to a 9-year peak. Even so, reports indicate potential in mining operations near energy generation sources to <span>leverage<\/span> power that cannot be transported due to a lack of infrastructure.<\/p>\n<p><strong>\u201c <span>Bitcoin mining<\/span> is the method by which an individual, using powerful computers, can accumulate <span>Bitcoin<\/span> through virtual transactions. This could be the case for Santa Marta, Riohacha, and Barranquilla\u2026 it represents an immense boost to the development of the Caribbean region,\u201d<\/strong> Petro concluded.<\/p>\n<p>While <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-hashrate\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Hashrate<\/a> Index\u2019s The State of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-mining\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin Mining<\/a> in Latin America (2026) report highlights mining developments in Paraguay, Brazil, Bolivia, Argentina, Venezuela, and El Salvador, it does not mention Colombia. This means the country is virgin territory for <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-mining\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin mining<\/a>, and the nation still lacks the conditions for the industry to develop.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/gustavo-petro-warns-fossil-fueled-crypto-mining-will-trigger-climate-collapse\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Colombia\u2019s Gustavo Petro warned that fossil-fueled Bitcoin mining risks global climate collapse. Paraguay holds the 4th largest global hashrate, while Venezuela\u2019s 9-year peak energy crisis halted mining. Petro wants 3 Caribbean cities to mine Bitcoin, though the 2026 Hashrate Index report omits Colombia. President Petro Highlights [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72305"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72305"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72306"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}