The Secret, Dangerous World of Venezuelan Bitcoin Mining

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  • The Secret, Dangerous World of Venezuelan Bitcoin Mining - Reason.com
    http://reason.com/archives/2016/11/28/the-secret-dangerous-world-of

    the main factor driving Venezuelans to take up bitcoin mining is a price control put in place by the socialist government: Electricity is virtually free.

    (...) #Bitcoin mining isn’t illegal in Venezuela, so Padrón was charged with “contraband,” for not having the proper paperwork to import the computers from China (Padrón says he did), and for “electricity theft.” When they raided his office, the SEBIN officers chastised him for “misusing electricity” and “causing the power outages.”

    The charge of “electricity theft” does relate to an ongoing debate in the bitcoin community: Is mining a waste of power? Even if it’s not, should it be happening in Venezuela, of all places? The country suffers from severe power shortages.

    #Venezuela #vol_d'électricité
    ça rappellera des souvenirs à @laurent !