Quote from: franky1 on Today at 10:45:33 PM

its not the political situation nor the crime/media stuff that stops people wanting to mine in venezuela.

its the simple matter that even google says
Venezuela electricity prices
Household, kWh Business, kWh
Venezuelan Bolivar 1.093 1.283
U.S. Dollar 0.273 0.321

using basic math at a 190exahash network. it costs $72,451.69 to mine 1btc at that household rate of electricity listed by google

where as people can simply buy bitcoin anywhere.. CHEAPER(~$40k now). so why want to set up an mining farm at a higher cost($72.5k) rather than just buying($40k)

if you have a way to get electric for 0.2 Bolivar($0.05) then you are making good value bitcoin from mining. lucky you
if your electric is higher then 0.2Bolivar. then your wont break even.
if venezuela had a $0.05(0.2Bolivar) or less electric rate. then it would be a consideration and value to mine there.

however venezuela is a 'balmy' climate of temperatures of 26^oc-28^oc meaning HEAT. and asics do not like heat. they need to be cooled.

many other countries have cooler climates which again means less energy needed to cool the asics. so people would consider those cooler climate locations first

That Google information is wrong, nothing new. Last time I checked the business prices from a Corpoelec employee, it was something between 0.016$ and 0.019$ per kWh, not long ago. And 4 or 6 month ago I had the luck to visit and talk with the owner of a Bitcoin farm here who told me kVa price was less than 2$, maybe he just bullshitted me, but yeah, I can verify those prices again for u and give you a real price if you want.