Bitcoin farm miners got “rugged” around in my country (Venezuela).

There, you can’t have a decently sized mining gear operative and make it through the day without the Gov knocking on your doors, so… they make you “sign up” and be “under their wing”. Well… apparently they seized some of the big mining farms and dump on the market (of the market dump I’m not sure but it’s plausible).

You telling me you can TRUST your government and expect anything good out of them? Stuff like this makes me sad… A country can’t progress if the little entrepreneurs that are left get rugged.

“Corruption” it’s a word that is almost the everyday coffee in Venezuela, doesn’t even hurt anymore. Hope this doesn’t spread to anymore countries.

Venezuela means “Little Venice” but nowadays is more like “Little China”

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Governments are bad mmmkay

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I'm sorry to hear that, and also curious how the government finds the miners?

Also for years have been sorry about your government and crazy inflation, and have tried to encourage your few countrymen that I have met on Steemit and Hive...🙏🥲💜

Energy is super cheap over there. My best guess is that they saw the high peak of energy consumption once the mining starts and went from there. Pretty sure that’s how China did it too… they always following big bro China steps 😀

Not your rigs not your coins I guess 😭

I guess look for independent power? Hydro, solar?...

Thanks for the explanation...

Can’t say for sure but most people are better off using the grid, no money for independent power. But people with money are probably already looking through that

Stay strong, if you can leave Venezuela. Stack sats and tryvto live your life hapilly no matter circumstances. ❤💪☀️

This is the gov objective. Stay aware