I heard that mining 1 Bitcoin in Venezuela costs approx. $3k whereas in European countries it's more than $6k. It would be a big shame if they had banned mining.
You should not listen to rumors, there are some research which confirmed that in Venezuela mining of 1
BTC is the cheapest in the world and cost only
530$. Also judging by the
statement from Carlos Vargas ( governments cryptocurrency superintendent ), crypto mining is not illegal and all citizens who were indicted and prosecuted will be released from all charges. This is news from January 30 2018, it is possible that something has changed since then, so if you plan to move in Venezuela for mining everything needs to be checked. Just for info, the average salary in this country is less then 10$.
Thanks for some of the more updated info. It's always nice to see links too. I remember reading about a guy who was in Venezuela in 2015. We wanted to see what he could do for 100 euros. We stayed in a 5-star hotel, he bought a plain ticket, he rented a convertible for the day, he bought loads of beer, he bought a bunch of drugs, he ate in the best restaurants, he got a massage and still gave some of the money away. I wonder if it's cheaper or more expensive there now. It seems like it would be pretty nice to live there if you had even a small mining farm. You could live on very little money!