Four years ago, Alberto's career prospects were bleak. The 23-year-old Venezuelan had just graduated from college with a degree in computer science, but his nation's economy was already shredded by 13 years of socialism.
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Alberto, meanwhile, based on his own account, is earning more than $1,200 a day mining bitcoins and other cryptocurrencies.
He's part of Venezuela's rapidly growing digital currency mining community. Faced with growing threats of violent crime and government extortion, its members interface through secret online groups and take extreme precautions to hide their activities.
http://reason.com/archives/2016/11/28/the-secret-dangerous-world-ofOne of the key points in the article was that the authoritarian socialists keep electricity virtually free, so mining is only a matter of getting the miners and turning them on.
Now if I still knew people in Venezuela, that would be a good arbitrage. Send them miners and split the proceeds.