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Author Topic: There is a Museum of Bitcoin Mining History in Caracas, Venezuela  (Read 401 times)
2stout
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July 06, 2022, 03:56:43 AM
 #21

This is really cool to see, shows the evolution of mining, difficulty, and hash rates.  Amazing how it went from being able to use a laptop, computer, or usb device to mine to a multi-billion dollar industry.
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July 06, 2022, 04:18:04 AM
 #22

As pointed above by @DdmrDdmr that it's the private initiative of group of miners in Venezuela it's quite good they are doing this to create some awareness among people and visit is free of cost.People can realise that how mining has evolved over all these years like how you were able to mine btc with your laptop also in earlier days and now you have to spend huge amounts on ASIC to have a chance to earn block rewards.If ever got a chance to visit Venezuela will like to see this museum.

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July 06, 2022, 04:33:17 AM
 #23

This is an awesome idea and I applaud the creators for putting in the time and money for helping advertise BTC and the cryptocurrency world in this manner.

I always knew about the evolution of cryptocurrency mining over time though this museum could help teach me new stuff that I never knew, but I don't think I will ever go to Venezuela at any point in my life.

However, it's still great to see Venezuela trying to improve crypto adoption in various ways in recent times.

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July 06, 2022, 04:40:25 AM
 #24


must be an interesting place to start seeing how far we've been through though BTC is just running more than a decade. feels like we are already dinosaurs.  Venezuela is the last country i thought of having such museum with advocates on decentralization.

if people are just aware that time when we can mind BTC with just CPU or GPU, we're already having thousands to keep for life. Congrats whoever made this museum!



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July 06, 2022, 06:42:24 PM
 #25

If you take a good look at Venezuela, they aren't much of a wealthy country, they have also before now invested into Bitcoin mining not been a weak nation financially hasn't stopped them from getting a Bitcoin mining farm in Venezuela.
It's a good push for the Museum honestly, they can eventually start raising some cash from the museum to invest more into their Bitcoin mining farm they are building.

I'd consider a visit also. It's worth the visit.

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July 06, 2022, 10:35:52 PM
 #26

If you take a good look at Venezuela, they aren't much of a wealthy country, they have also before now invested into Bitcoin mining not been a weak nation financially hasn't stopped them from getting a Bitcoin mining farm in Venezuela.
It's a good push for the Museum honestly, they can eventually start raising some cash from the museum to invest more into their Bitcoin mining farm they are building.

I'd consider a visit also. It's worth the visit.

in reference to this article - Venezuela opens the first ever Bitcoin mining museum - the admission is free. so they won't be getting income from this museum.

"The museum is located at Chacao’s Torre Xerox in the Venezuelan capital of Caracas and admission is free for everyone."

however, maybe in the next years to come, they can charge a lil bit just for maintenance and other purposes.
and i hope to see the gridseeds on display if i happen to visit there. i used to mine from gridseeds.  Tongue

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July 07, 2022, 05:40:36 AM
 #27

Yea! I too heard about this museum and even there is no admission fee. The museum is dedicated to the history of bitcoin. This is really amazing.

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July 07, 2022, 05:46:50 AM
 #28

This is a much needed one. When we talk of bitcoin we don't have anything to show to the upcoming generation. Already it is available virtually and it can't be felt as if like the paper currency. Right now it is the digital generation and kids are much used to smartphones. By the time knowing about bitcoin gets much easier. They'll surely have a question, bitcoin is everywhere and how this is being generated. For this question the museum gives the answer even though there are more other sources through which one can learn about mining.

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July 07, 2022, 07:46:41 AM
 #29

This is a much needed one. When we talk of bitcoin we don't have anything to show to the upcoming generation. Already it is available virtually and it can't be felt as if like the paper currency. Right now it is the digital generation and kids are much used to smartphones. By the time knowing about bitcoin gets much easier. They'll surely have a question, bitcoin is everywhere and how this is being generated. For this question the museum gives the answer even though there are more other sources through which one can learn about mining.
You're right, they will find information and those who can mine will have an interest as well. I hope someone makes a documentary visit, makes a video, and uploads it to YouTube so, we, are away as if we have already arrived at that museum. Or we can ask them to have at least weekly live streaming for us we can watch on our smartphone for those who can't travel.  I think maybe there are other museums of Bitcoin as well or as a whole cryptocurrency and not just about mining.,

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July 07, 2022, 08:16:43 AM
 #30

There is something valuable in preserving this part of history (whether crypto goes anywhere from here or it crashes and burns). I would like to see it as more of a general crypto museum than just regarding mining, but it's a good start. It shows an interesting social experiment that had/has more impact than anyone predicted, so a more comprehensive overview is needed and a more detailed look at what cryptocurrencies at the core is. 

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July 07, 2022, 12:31:43 PM
 #31

If you take a good look at Venezuela, they aren't much of a wealthy country, they have also before now invested into Bitcoin mining not been a weak nation financially hasn't stopped them from getting a Bitcoin mining farm in Venezuela.
It's a good push for the Museum honestly, they can eventually start raising some cash from the museum to invest more into their Bitcoin mining farm they are building.

I'd consider a visit also. It's worth the visit.

in reference to this article - Venezuela opens the first ever Bitcoin mining museum - the admission is free. so they won't be getting income from this museum.

"The museum is located at Chacao’s Torre Xerox in the Venezuelan capital of Caracas and admission is free for everyone."

however, maybe in the next years to come, they can charge a lil bit just for maintenance and other purposes.
and i hope to see the gridseeds on display if i happen to visit there. i used to mine from gridseeds.  Tongue

Ohh thanks for I really appreciate your efforts.
Hoping that they will get some few little funds when they charge.
Also, it should be made as a form of awareness currently to eventually spread the news about the museum. Also the Capita should be highly recommend and for security purposes.

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July 07, 2022, 05:39:49 PM
 #32

I think it's a pretty cool idea, I wish there were more places with such museums. From the photos, though, I could only see things but not explanations (information boards). Do they have those? It would be useful to be able to read what is in front of you, when it was actively used for mining, how efficient it was (how much one could mine with it over a certain period of time), what it was replaced by and stuff like that. I remember a time when Venezuela was frequently mentioned in talks about crypto adoption, but then El Salvador overshadowed it when it made Bitcoin a legal tender.

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July 08, 2022, 06:13:09 AM
 #33

It is really surprising to know that because, in the past, there have been cases of illegal mining in Venezuela because of the maltreatment, incarceration and seizure of mining equipment by authorities. This is really a nice initiative to promote mining, though. Hope for something positive in the future too.
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July 08, 2022, 09:30:48 AM
 #34

There are not just museums but we also have a lot more interesting things that you can refer to-
Pop up installations made timely by various companies refer to this url - https://www.coindesk.com/markets/2019/02/09/inside-the-museum-of-bitcoin-an-interactive-tour-of-crypto-history/ You can always find  alternatives or maybe create one!
There are also wide range of exibitions that usually takes place, you can also find local ones in your country which can serve an alternate to museums.
There are normal museums as well will bitcoins section like the money museum of zurich.
Not only that but in places like the uk you can always explore wide range of books about bitcoins in normal book stores as well.

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July 08, 2022, 09:48:31 AM
 #35

<...>From the photos, though, I could only see things but not explanations (information boards). Do they have those? It would be useful to be able to read what is in front of you, when it was actively used for mining, how efficient it was (how much one could mine with it over a certain period of time), what it was replaced by and stuff like that. <...>
In an article I linked in a prior post on this thread, the picture of the same room (taken at a later moment I presume) shows that they do have a small technical description besides the miners themselves, depicting a few features.

Nevertheless, one would generally still hardly know what he’s looking at, and that’s why, as per the article, the tour of the premises is conducted by a guide, which should be able to narrate a more captivating story than what a room full of machines will be able to tell on its own …
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July 08, 2022, 11:48:13 AM
 #36

Haven't been into the discussion arena for a while but would like to chime in with my thoughts on this

Interestingly, Bitcoin or crypto Industry generally has replicated the PC industry since the beginning be it with Bitcoin Development mimicking that of Linux or setting up of crypto museums relating to the early Apple museums Grin. Even today, Apple 1 computers fetch a whooping price tag of $1.5 mill in platforms such as eBay and similar to that in a couple of decades, Antminer S1 might be fetching a good premium as well.

Truly speaking, a proper and a more complete Bitcoin Museum should boast collections ranging from Bitmain first-gen ASICs, The Times newspapers (both Jan 3 2009 & Jan 3 2019), a couple of early magazines from 2009-2010 era explaining about the early days of Bitcoin, forum posts, collectibles ranging from Bitbills to Casascius, tweets like the one which @fiulpro referenced in one of his posts above, the more recent Diario Newspapers, Mt.Gox Yubikey, OTP Cards & none other than Trezor One (Piglet) wallets themselves.

An early prototype of Piglet Trezor One wallet looks something like this :


Personally, I do collect a few of the early cheaper Bitcoin items such as magazines & historically important newspapers but there are quite a few forum users who own a home museum AFAIK.

P.S Can someone good with mining industry in general, post the ballpark figures of an Antminer S1? They are indeed pretty hard to find nowadays!
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July 10, 2022, 04:55:14 PM
 #37

This is such a magnificent deal. I mean who says museums all have to be about art? For some people art is about machinery and to have such a great product all from the start to end is a great deal. I know another place somewhere (I think it was Greece?) that had all the apple products, from the first ever apple computer, to last iphone they have at whatever time you go to. They always add the new ones and have all the things they created for the past 50 years.

This is about the same feeling, technological and machine related museums make me feel a lot better, much better than the ones with paintings or similar stuff in them, because it is stuff I can understand, my brain can't comprehend the value of a good art.

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July 10, 2022, 05:27:56 PM
 #38

I like the idea of my country taking some initiative in the crypto community like this, spite of the economical strife against inflation we have had.

However, museums are supposed to document and show art/story as close as reality as possible, keeping this in mind I'd wish them to exhibit newspaper cuts and articles from the time when Bitcoin mining was very persecuted in this country. Back then if one was caught mining, one could get charged with money laundering, electricity theft, tax evasion... any non-sense so one could get thrown in jail.

Quote
Due to the inflationary crisis of the Bolívar, the interest of the Venezuelan people for the cryptocurrencies has been increasing while the government put obstacles to its development in the country with sounded cases of arrests and seizures of mining material. It was not until the arrival of Petro that the government had to soften its position with respect to the rest of the cryptocurrencies even leading to its “legalization” last January.

In this regard, Carlos Vargas, superintendent of the cryptocurrency of the Venezuelan government said:

“It is an activity that is now perfectly legal. We have had meetings with the Supreme Court so that people who have been victims of seizures and arrests in previous years will have charges dismissed.”

Source: https://crypto-economy.com/venezuelan-government-announces-new-monetary-cone-pegged-to-petro/

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