Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Venezuela situation and Bitcoin mining.
by
Thryskiller
on 20/02/2022, 19:44:13 UTC
⭐ Merited by SFR10 (1)
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.

Yeah, it is kind of a grey area, you need to know where is mining legal and if sunavript is giving permissions and licenses in that state.

I think I know the case you talking about, this one: https://www.[Suspicious link removed] and yes, police disconnected the farm from the high voltage without having a warrant or a sunacrip's representative, since they can't to anything without a sunacrip's representative. Farm owners contacted sunacrip and the farm was connected s couple ours ago, because there was nothing wrong and they had the permissions, but yeah, it still happens.

About the sunacrip/supcacven is something that can happen and no one can predict it. Don't know why exactly they changed the regulator and what are the plans for the future.

Also now requesting licensing looks easier, but from my point of view, if you are a small miner, you are going to have a hard time. Looks like they just want normal-big mining operations to start working here (50-100 asics), small miners with a couple machines need to host their equipment with registered hostings that are going to charge you an starting price and a percentage of the monthly revenue, making it not that profitable.