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 farms and ensure reliable service for citizens.
AlbertoNews, a local media outlet, reported the announcement on May 18.
“The purpose is to disconnect all cryptocurrency mining farms in the country from the SEN [National Electrical System], avoiding the high impact on demand, which allows us to continue offering an efficient and reliable service to all the Venezuelan people,”
the Ministry reported in its account in Instagram.
Notably, the announcement followed the seizure of 2,000 cryptocurrency mining machines in the country. This action is part of the government’s ongoing anti-corruption campaign. Leading to the arrests of several officials from state institutions.
Corruption with the National Superintendency of Cryptoassets
The National Superintendency of Cryptoassets (Sunacrip) has been under a restructuring board since the arrest of Superintendent Joselit Ramírez. Ramírez has connections to Tareck El Aissami, former Petroleum Minister and former president of Petróleos de Venezuela (PDVSA).
On that note, El Aissami was charged with treason, embezzlement, misuse of influence, money laundering, and criminal association.
Venezuela power grid issues and cryptocurrency mining
Venezuela has faced an ongoing electricity crisis since 2009, worsened by massive blackouts in 2019 that left cities without power for up to seven days. Frequent power outages have negatively affected the country’s quality of life and economic activities.
Therefore, Governor of Carabobo state, Rafael Lacava confirmed restrictions on cryptocurrency mining farms due to their significant electricity consumption. He urged residents to report illegal cryptocurrency mining operations to prevent power shortages.
“If you, neighbor, see a house that you know, tell that person to turn off the farm, or else report it, because when they turn off the light, because you have to give light to a man so that he can earn some reales (money), you are left without electrical service.”
– Rafael Lacava
As reported by AlbertoNews, experts attribute the crisis to poor maintenance and inadequate investment in the power grid. Meanwhile, the government blames sabotage and has promised to modernize the state-controlled power network.
Overall, Bitcoin (BTC) and cryptocurrency mining are known worldwide for their high energy consumption. Countries like China and Cazaquistan have banned the activity to preserve their power grids, centralizing mining in fewer locations.
Therefore, the fewer countries allowing this activity, the higher the security concerns will be, as a few miners dominate block discovery.
can i order clomiphene pills where to buy generic clomiphene without dr prescription clomiphene medication uk where to buy clomid where can i buy generic clomid price how to get clomid pill where to get clomid tablets
This website positively has all of the bumf and facts I needed adjacent to this subject and didn’t positive who to ask.
I am in truth thrilled to gleam at this blog posts which consists of tons of useful facts, thanks for providing such data.
zithromax 500mg sale – cost tindamax metronidazole for sale online
rybelsus over the counter – purchase periactin generic periactin over the counter
domperidone usa – flexeril drug oral cyclobenzaprine 15mg
purchase amoxicillin without prescription – purchase amoxicillin without prescription buy cheap generic combivent
how to get zithromax without a prescription – azithromycin 500mg drug buy nebivolol 5mg generic
buy amoxiclav online – atbioinfo.com how to buy acillin
how to get coumadin without a prescription – anticoagulant losartan order
mobic 7.5mg canada – moboxsin order mobic 15mg online
order deltasone 20mg pill – asthma deltasone 10mg usa
sexual dysfunction – fast ed to take buy generic ed pills online
buy cheap amoxicillin – amoxil tablet cheap amoxicillin generic
buy generic forcan – on this site buy diflucan without prescription
buy cenforce 100mg – https://cenforcers.com/# buy cheap generic cenforce
buy ranitidine 150mg online cheap – https://aranitidine.com/ buy zantac 300mg generic
viagra 100mg price – click order viagra by mail
This website exceedingly has all of the information and facts I needed adjacent to this case and didn’t comprehend who to ask. amoxil pediГЎtrico
This is the kind of advise I find helpful. buy neurontin 100mg pills
Good blog you be undergoing here.. It’s obdurate to espy high status writing like yours these days. I honestly appreciate individuals like you! Rent care!! what is cialis professional cialis professional
Greetings! Jolly gainful recommendation within this article! It’s the little changes which wish make the largest changes. Thanks a portion quest of sharing! https://prohnrg.com/product/metoprolol-25-mg-tablets/
More posts like this would prosper the blogosphere more useful. https://ondactone.com/spironolactone/