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Venezuela cuts off power to crypto mining farms to strengthen grid security and crack down on illegal mining
overview:
• Venezuela will cut off power to all cryptocurrency mining farms in the national electricity system.
• The authorities cut off power supply due to excessive energy consumption and resulting power outages.
• The measure is mainly aimed at miners who do not pay their electricity bills.
Venezuela’s Ministry of Electricity has announced plans to disconnect all cryptocurrency mining farms from the National Electricity System (SEN).
The announcement, which affects all miners relying on the national grid, was made public on the Ministry of Power’s official Instagram account.
How will the plan affect Venezuela’s cryptocurrency mining industry?
• Venezuela will cut off power to all cryptocurrency mining farms in the national electricity system.
• The authorities cut off power supply due to excessive energy consumption and resulting power outages.
• The measure is mainly aimed at miners who do not pay their electricity bills.
Venezuela’s Ministry of Electricity has announced plans to disconnect all cryptocurrency mining farms from the National Electricity System (SEN).
The announcement, which affects all miners relying on the national grid, was made public on the Ministry of Power’s official Instagram account.
How will the plan affect Venezuela’s cryptocurrency mining industry?
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