Bitcoin miners were disconnected by regional authorities in Carabobo, Venezuela

According to information released by a group of people affected by Cointelegraph, since last weekend the regional authorities of Carabobo in the center of Venezuela they would have disconnected the miners from Bitcoin that make life in the regional entity.

According to the information received, the reason for this decision is due to the high energy consumption in an area that is experiencing unplanned daily rationing due to the critical situation facing the electricity distribution system in the central-western part of the country.

The affected miners, who have decided to remain anonymous to avoid retaliation against you; have pointed out that the order for this disconnection comes directly from the “High spheres”Of the Ministry of Popular Power for Energy Electrical of the Venezuelan government, commanded by G / J Néstor Reverol.

Primary elections

Sources also noted that the ‘forced rationing” against the miners seem to be due to political reasons, linked to the holding of the primary elections in the nation latin american last weekend, by the official government awning.

During this weekend, the government party United Socialist Party of Venezuela (PSUV) held the primary elections to choose the official candidates that will be measured in the next elections in November, where regional and local popular representatives will be chosen.

Given that Carabobo, and a large part of the central-western area of ​​the country, have an energy deficit due to the lack of maintenance of the electricity distribution lines in the region, which causes constant blackouts in various parts of the state on a daily basis; the need to establish the electrical system during the electoral elections was a ‘need‘in order to guarantee the electronic transmission of votes to the central entity, the National Electoral Council (CNE).

For this reason, and Given the high consumption generated by the miners in the region, they were disconnected to avoid instability in the electricity system and thus guarantee successful elections.

For now, the scope of the measure is unknown, and whether it will be from now on a rule to be applied to the detriment of the miners. For now, Sunacrip, the governing body in the field of crypto assets in the country and Corpoelec, the governing body in energy matters, will seek to reach a solution this week in favor of the injured parties.

Considerable losses

The losses for an average miner in Venezuela could represent a severe blow in terms of income from the unscheduled forced disconnection, even more so if we take into account that some amateurs who have been in this industry since 2011 (date in which the first miners are known in groups such as Bitcointalk), have devoted themselves fully to this activity as the primary source of income.

Taking into consideration that the Bitcoin miner “Whatsminer M30S++ 110T”Is one of the most powerful on the market for the algorithm PoW and that the electricity cost in the country is one of the lowest in the region, the average daily loss for each unit would be around just over USD 35 dollars, twenty times more than the minimum wage basic in the country of a worker in Venezuela.

Keep reading:

Source

Scroll to Top