in Venezuela until recently you could be arrested and imprisoned with all of your property seized just because you were mining crypto. I dont know about you, but South America doesnt seem like the most welcoming place for this type of business, as I have previously mentioned.
This is difficult to explain because in most of the world there is such thing as the rule of law. But current Venezuela is different. Think wild west or medieval justice. You "could" do everything by "the rules", and still get all the aforementioned. Or you could smuggle the asics and keep a low profile and still manage to go undetected.
Right now when a regime change is imminent, anything goes. We just don't know what will happen. Things were much better before 2016 when it was "unregulated" and the officials didn't even know anything about it...
Perhaps the new government will regulate crypto favorably, given so many people survived the socialist economy nightmare with it. But i don't expect the electricity to remain this cheap for long. This new government needs to reinstate the rule of law, so potential investors can clearly know what is ok and what is not, instead or rolling the dice everyday...