Venezuela since the beginning of 2013, obtained a drop in oil income, which is the only source of income for this country being a single producer, this time its prices at the international level were low, causing its production of 2.5 million barrels per day to drop to half a million, this decline caused a 75% drop in GDP and per capita income. Creating a situation of poverty for more than 98% of the population, with chronic malnutrition.
But the other side that its currency is devalued, with a lack of fuel despite being one of the countries with a large oil reserve larger, which adds the problems of electricity, telecommunications, a bad policy that manages dirty, this has generated a hyperinflation that the salary of a worker is equivalent to less than a dollar, these factors have made the Venezuelan look for a way out of how to get ahead to be able to put daily bread on his table.
Among one of the characteristics that Boom has done is to invest in Bitcoin Mining, to be able to do this among the characteristic is a powerful computer capable of solving mathematical problems with solutions of up to 64 digits, apart from this it requires consuming in its operations a large amount of energy.
+Many people have looked for a way to do these mining, which is the advantage that the Venezuelan has although sometimes it is not reliable, it is the electric power despite having blackouts during the day, even so, mining bitcoin has become one of the The main way to acquire this currency, since the price of this service is suicide by the Venezuelan state, being one of the countries with the lowest energy payment in the world.
Laws in Venezuela about mining?
As of September 21, performing bitcoin mining operations is totally legal, this under a decree under the number providence number 084-2020, of the National Superintendence of Cryptoassets and Related Activities (SUNACRIP), this will regulate the use, marketing, import and creation of mining equipment in Venezuelan territory, for people who wish to carry out mining activities of Bitcoin and other cryptocurrencies legally, they must request a license from the entity.
To keep track of these requests, apart from the person having the convenience of requesting an Integral Registry of Miners (RIM) was created, in which the user can choose the type of license they want to obtain, and then process this request from this web platform providing the data and collections that it requires, making the payment online and having a history of your requests, as well as downloading the license online once it is approved ”, states the official document.
The authorized licenses to be delivered are:
• Commercialize mining equipment.
• Construction of mining farms.
• Conditioning of spaces to offer accommodation.
• Manufacture, assemble, repair and improve mining equipment, such as ASICs, special for cryptocurrencies such as bitcoin, litecoin and dash.
• Offer cloud mining.
But checking the web page where people should be registered, it has not been active here screenshot.
But the question 1000 $ Are these laws passed in our country for the benefit of the people and that we get out of Hyperinflation or for the benefit of the government?
One of the answers is in the new creation of Mining farm: crypto mining equipment has been installed in Army units, this in order to strengthen and offer self-sustainability: in this instagram account you can see images of this mining https://www.instagram.com/p/CIJZhEZB-mL/.
Venezuela is on the way to Legally Minar ????
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