Post
Topic
Board Bitcoin Discussion
Re: Venezuela situation and Bitcoin mining.
by
SFR10
on 20/02/2022, 15:33:51 UTC
Also, bitcoin mining is not allowed everywhere, sunacrip is actually allowing farms in states that are not hard affected by this kind of problem or where farms can cause shortage problems, charge is getting distributed.
~Snipped~
You are not going to have any kind of problem with your farm, you just need to do it legal.
So basically that means mining operations are in a grey area in there... IIRC, there was an incident in one of its states [forgot which state it was, but I think it happened last year] and they did cut the power supply of those who actually had licenses!

Another issue that might be bothering potential miners to relocate is probably the license itself [supcacven vs sunacrip]... It happened before, so it could happen again and that's a huge risk for miners if they suddenly have to halt their operation before they kick-start it.