Venezuela bans home mining

Venezuela's Minister of Environment and Housing has announced a ban on mining in any public housing and special areas for low-income families.

According to Ildemaro Villarroel, the equipmentused for the extraction of cryptocurrency, consumes a lot of electricity, so it can disrupt the distribution of energy resources in certain areas. As a result of home mining, the demand for electricity is also increasing, which goes against the current government policy on energy supply.

Localsreacted negatively to the ban and began to actively criticize this decision on social networks, pointing to the negligent attitude of the authorities towards the modernization of the existing infrastructure.

Despite the ban on home mining, the Central Bank of Venezuela continues to study technologies for storing bitcoins and ether to ensure their safe placement in the state treasury.

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