Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’
The government of Venezuela says that it has legalized bitcoin (BTC) and altcoin mining – but says that miners will have to obtain licenses and agree to be supervised by regulators.
Venezuelan Army Engineers Start Mining Bitcoin
Venezuelan soldiers are mobilizing. No, this is not the start of World War III – these troops are being put to work mining bitcoin (BTC) in the Nicolás Maduro regime’s latest, and possibly most audacious crypto-themed fundraising effort yet. Per a video posted on Instagram by the 61st Battalion of the 6th Corps of Engineers of the Bolivarian Army, specialist soldiers have turned army buildings into giant mining centers, fitted with ASIC mining rigs, as well as a refurnishing hub, apparently for older or damaged equipment. The troops appear to have converted a large warehouse into what they have entitled the “Center for the Production of Digital Assets.”In a news broadcast shared by the ConflictsW Twitter account, a newscaster stated that the center was the first of its kind to be constructed by the army, and is based at a military camp in the Caracas-based Fuerte Tiuna army installation. Fuerte Tiuna is the Venezuelan army’s center of gravity and also houses the Ministry of Popular Power for Defense. The news video also shows government officials, including Joselit Ramírez, the head of the Superintendency of Cryptoactives and Related Activities (Sunacrip), being shown around the new center and cutting a blue ribbon to indicate that it is officially open. The latest development marks quite a turnaround for the Venezuelan armed forces – who appear to have gone from seizing vehicles full of crypto mining rigs to actively using them. In summer, soldiers at the Guyana toll point in Southern Venezuela seized a truck carrying 315 Antminer 9 devices.____Learn more:Venezuelan Authorities Clamp Down on Off-The-Books Crypto Pay VendorsVenezuela Unveils State-run Bitcoin, Litecoin, Dash, and Petro ExchangeVenezuela Expands Scope of its Remittance Platform With Bitcoin & LitecoinBitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’
All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/venezuelan-army-engineers-start-mining-bitcoin-8389.htm
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Mining Bitcoin In Venezuela with Juan Pinto and Theo Toukoumidis | HASHR8 Poscast
On today’s episode I am joined by Juan Pinto and Theo Toukoumidis from Doctor Miner and Hash Market. It was great to get their take on Bitcoin mining in Venezuela. Hearing their story, theirs some wild stuff going that’s gone on in Venezuela. They talk about how they had to make a run for it when they found out that Bitcoin miners in Venezuela were being extorted or their equipment was being stolen. They both basically high-tailed it and went to Europe for a year. And now they’re back, it’s legal to mine Bitcoin in Venezuela and crypto is looked upon much more favorably than it was just a few years ago.
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VENEZUELA OFFICIALLY LEGALIZES BITCOIN MINING BUT WITH NEFARIOUS CONDITIONS – EXPLAINED…
Recap of everything Bitcoin for September 23rd 2020
Headline:
Venezuela Legalizes Bitcoin Mining but will try to force the Industry Into a National Pool
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I EARNED $? Mining Bitcoin for 24 Hours (Raspberry Pi)
Sorry about that ending….
https://cgminer.info/
This is a multi-threaded multi-pool FPGA and ASIC miner for Dogecoin, bitcoin, Litecoin etc. This code is provided entirely free of charge by the programmer in his spare time so donations would be greatly appreciated. Please consider donating to the address below. Driver development for new ASIC only Bitcoin hardware can be suitably sponsored.
Do NOT download the latest version of cgminer (3.10+). The latest versions removed support for graphic cards and are only for ASIC hardware. The latest version you can get for Dogecoin mining is 3.7.2.
https://www.raspberrypi.com/
Who are Raspberry Pi?
Democratising technology – providing access to tools – has been our motivation since the Raspberry Pi project began. By driving down the cost of general-purpose computing to below $5, we’ve opened up the ability for anybody to use computers in projects that used to require prohibitive amounts of capital. Today, with barriers to entry being removed, we see Raspberry Pi computers being used everywhere from interactive museum exhibits and schools to national postal sorting offices and government call centres. Kitchen table businesses all over the world have been able to scale and find success in a way that just wasn’t possible in a world where integrating technology meant spending large sums on laptops and PCs.
Raspberry Pi removes the high entry cost to computing for people across all demographics: while children can benefit from a computing education that previously wasn’t open to them, many adults have also historically been priced out of using computers for enterprise, entertainment and creativity. Raspberry Pi eliminates those barriers.