Quote from: Doms on January 31, 2017, 03:31:00 AM

I read an article last week regarding three Venezuelans being arrested because of bitcoin mining, illegally using electricity that is heavily subsidized by the government. I heard that electricity is relatively cheap in that country and miners surely took advantage of it. That might be another bad news for bitcoin and that could add in the decision making of governments whether to allow such a thing or not.

That's their fault. Using illegal electricity is really prohibited that's why in the first place it was called illegal lol.

It's not a bad news for bitcoin? How is that going to be bad? The persons involved are the primary characters and not bitcoin itself. Just wondered that why use illegal electricity in that country if the current price of it per kwh is already cheap. Too much greeds on profits and don't want to spend something.