Electricity and Labor

Our Main Competitive Advantage

The main competitive advantage for The First Argentine Mining Co is summarized in 2 key metrics, that is the price of electricity and labor. FAMCO has already negotiated an incredible industrial electricity rate of under 0.02 cent per Kwh. This is among the lowest in the WORLD.

In addition, due to the current exchange rate, skilled labor is also abundant and extremely affordable. The standard rate of electricity in the USA is between 12-15 cents per KwH, which means you'll actually end up LOSING money per month. Some of the most popular mining hosts with enormous operations, using government rates, still can only offer between 7-8 cents per KwH. Argentina's national commercial power rate is only 0.02 cents per KwH, making it amongst the top 5 cheapest in the world. This makes First Argentine Mining Co's BTC output 5-10x higher than its competition..