Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis

by CryptoExpert

May 21, 2024

in Mining

The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power customers siphoning energy from the national electric system. Venezuelan Authorities Seize and Disconnect Over 11,000 Bitcoin Miners Amidst Energy […]

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Bernstein Says Bitcoin Mining Deals are Necessary for AI Power Crunch

Bitdeer’s Bitcoin Output Climbs to 990 as AI Cloud Run Rate Reaches $76M

Saylor joins Bitcoin’s BIP-110 fight as miners get one last chance to avoid forced signaling

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