Venezuelan Authorities are ‘Weakening’ Bitcoin Mining Operations

Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and....

The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC Miners According to a press note published by the GNB, the procedure took place in a checkpoint on the Bolivar state, specifically in the Puente Angostura. An individual transported the bitcoin (BTC) mining equipment on a....

Venezuelan authorities destroyed a bitcoin mining center in Valencia in Carabobo state, the most recent action taken in an effort to clamp down on bitcoin-related activity in the economically ravaged country, according to criptonoticias, a Venezuelan cryptocurrency website. Venezuelan authorities arrested members of a Poland-based network after locating a shed with 11,000 bitcoins in Los Guayos in an industrial zone, according to the Bolivarian government of Venezuela website. The Bolivarian National Police (PNB) division against capital legitimation detected suspicious shipments entering....

A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional authorities to allow them to operate and avoid further interruptions to the service. Venezuelan Miners in Carabobo Meet With Sunacrip A group of miners disconnected from the national power grid in the Carabobo state in Venezuela met....

Venezuelan authorities have reconnected affected bitcoin miners to the power grid in Carabobo state, after having been disconnected for undisclosed causes. Sunacrip, the cryptocurrency watchdog in the country, mediated between the regional power utility authorities and the affected miners, and managed to exert pressure to reconnect these miners, who were disconnected last week. Venezuelan Bitcoin Miners Reconnected to Power Grid Venezuelan authorities executed a reconnection operation yesterday for a group of affected bitcoin miners. The miners were reconnected to the national power grid....