Venezuela bans home mining

Venezuela’s Minister of Environment and Housing announced a ban on mining in any public housing and special areas for low-income families.

According to Ildemaro Villarroel, the equipment used to mine the cryptocurrency consumes a lot of electricity, so it can disrupt the distribution of energy resources in certain areas. Home mining also increases the demand for electricity, which runs counter to current government energy policy..

Local residents reacted negatively to the ban and began to actively criticize this decision on social networks, pointing to the negligent attitude of the authorities towards the modernization of the existing infrastructure..

Venezuela bans home mining

Despite the ban on home mining, the Central Bank of Venezuela continues to study technologies for storing bitcoins and ether to ensure their safe placement in the state treasury.

text: Ivan Malichenko, photo: vsyako

Similar articles