Venezuela

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The Ministry of Electric Power in Venezuela has revealed plans to ban Bitcoin mining from the country’s grid as it grapples with power shortages. While the ban only recently became official, the government has been cracking…

Table of Contents Venezuela has banned all crypto mining activities in the country as it could no longer ignore the impact of crypto mining on the nation’s energy resources. The Venezuelan national power grid is under a lot of stress…

Table of Contents The government recently confiscated 2,000 crypto mining devices. This move is being taken in an effort to lessen the substantial energy burden. The Venezuelan government has stated its intention to detach…

Venezuela becomes the latest nation to put a ban on crypto mining firms, citing heavy energy consumption. According to local news outlet AlbertoNews, Venezuela’s Ministry of Electric Power plans to cut off crypto-mining companies…

Venezuela’s Ministry of Electric Power announced plans to disconnect cryptocurrency mining farms from the national grid to manage high energy demand and ensure reliable power supply to its citizens. The decision follows the recent…

Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining…

Key facts: Bitcoin, petro and tether are the three most used digital assets in Venezuela, says Asonacrip. Bitcoin mining has also grown considerably this year. Bitcoin (BTC) and cryptocurrencies saw this year in…