What right does the Venezuelan government have in banning their people from mining cryptocoins? What law did they break and what laws were made against this?
Maybe it is time to push back. Are there Venezuelan readers here? Mine cryptocoins like Monero and Aeon with your CPU. Both are anonymous coins and are safer to use because they hide your transactions.
With the annual inflation rate expected to reach 1,600 percent, Venezuelan bitcoin mining is likely to grow in the short term. Recent reports have indicate that the Venezuelan government has been initiating a crackdown on cryptocurrency mining, motivated by concerns that bitcoin may comprise a more attracting means of exchange than the Venezuelan bolivar.
Bitcoin mining is gaining popularity in Venezuela in part due to an abundance of cheap electricity. Despite many Venezuelans struggling to access basic commodities such food, most citizens are able to afford the power required in order to mine cryptocurrencies.Read the whole article https://news.bitcoin.com/venezuelan-bitcoin-mining-continues-despite-government-crackdown/
