The Venezuelan state-owned electricity company is reportedly cutting power to crypto miners

[ad_2][ad_1]

Reports say Venezuelan state-owned electricity company Corpoelec is disconnecting bitcoin mines in Carabobo state on the orders of the authorities. The power outages come amid reports that the government and Corpoelec officials are planning to meet with mine operators.

According to a report citing an anonymous source, the goal of this meeting is to discuss the process of connecting miners to the National Electricity System (SEN) and “the fee to pay”.

Furthermore, the report cites the anonymous source as saying that Corpoelec officials “were shutting down and disconnecting the Carabobo mines.” The source suggests that all the miners in Carabobo had been disconnected.

However, it’s unclear whether Corpoelec officials are only targeting bitcoin miners who don’t have government clearance. In September, Venezuela announced the creation of a national cryptocurrency mining pool and decreed that all cryptocurrency mining companies be registered.

According to the decree which entered into force after 21 September, all miners operating outside the pool would be subject “to the measures, infringements and sanctions established in the decree document”.

Can Venezuela succeed in forcing miners to join the national mining pool? Share your views in the comments section.

Image credits: Shutterstock, Pixabay, Wiki Commons

[ad_2]Source link