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Author Topic: How can Bitcoin help my people in Venezuela?  (Read 2766 times)
Havoc
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June 25, 2011, 01:07:38 PM
 #21

If it is possible to get computer parts (including modern GPUs) on the local market, setting up a mining operation could be very profitable. But I guess the lack of electronics is why you want to shop from the US in the first place.

As others have already said, providing online services for bitcoin is probably the best way to get them. Are there a problem for Venezuelans to use a paypal account or similar to recieve payment for such services? If not that would probably be easier than using bitcoins, at present time.

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Nescio
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June 25, 2011, 01:50:43 PM
 #22

I guess all foreign currencies are regulated the same way, otherwise you could exchange to another first, maybe on holiday to a neighbouring country. If that's possible Bitcoin is not necessary, you could use any (foreign office of) Western Union or similar.

Otherwise selling intangible services for Bitcoin online is indeed the best option.
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June 25, 2011, 02:12:04 PM
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It's a good way of getting your money out of the country if you want to flee. The Jews smuggled their wealth out of Nazi Germany using gold fillings.
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June 25, 2011, 02:49:41 PM
 #24

Like others said, you need to be able to offer goods and services on the net, that can be exported. 

Good luck in your search.

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June 25, 2011, 03:07:49 PM
 #25

Don't the customs check merchandise shipped from out the country? Over here in Brazil people hesitate a lot to order things from abroad for the fear customs will open their package and hold the contents ransom until more than twice the price of the product is paid to the government...

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minero1
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August 29, 2011, 12:32:39 AM
 #26

Another possibility for earning bitcoins would be if a member of your family is good at translating.  They could sell translation services online for bitcoins.

HI, i'm a Venezuelan bitcoin miner and i'd really love to sell those translation services your talking about. Grin

I'm trying to start a VEF<->BTC local exchange too. This is actually a good country to live.

Yeah that currency exchange control and the 400$ online purchases cap on credit cards is a bitch (or a blessing if you can buy at the official rate) but i've seen numerous people complaining on the fact that they can only get 400 when they can get as much as they want in the black market. Let's face it the black market rate is the "natural market" rate, yeah tricking the system to get cheap foreign currency is ...desirable, but if you can't get them you don't complain you just go buy at the black market.

Just my opinion, that is how i do it anyway
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August 29, 2011, 12:54:44 AM
 #27

If it is possible to get computer parts (including modern GPUs) on the local market, setting up a mining operation could be very profitable. But I guess the lack of electronics is why you want to shop from the US in the first place

The problem with setting a mining operation here is that we do not have the same income that you guys, a high-end gpu costs about a month of salary and assuming you buy a 6950 your still a tiny player unable to offer a decent amount of bitcoins in a reasonable amount of time.

There are a lot of sites where one can buy GPUs in Venezuela but we prefer to buy in the US because if you can buy at the official exchange rate the items get cheaper even after shipping and customs

providing online services for bitcoin is probably the best way to get them. Are there a problem for Venezuelans to use a paypal account or similar to recieve payment for such services?

No problems with paypal at all, but i'm scratching my head thinking about what kind of services or items to offer. Any hints? please don't say porn
evoorhees
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August 29, 2011, 02:22:35 AM
 #28


I'm trying to start a VEF<->BTC local exchange too.


Good! Please do set up an exchange. Venezuelans should have a place to purchase Bitcoins... I'm sure they'll find international purchases somewhat easier.

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August 29, 2011, 02:50:16 AM
 #29

Open source Bitcoin exchange software: 

https://github.com/davout/bitcoin-central

http://gitorious.org/intersango
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