Venezuelan Authorities Seize Over 100 Miners From Secret Bitcoin Mining Operation – Bitcoin News – News Couple

Venezuelan Authorities Seize Over 100 Miners From Secret Bitcoin Mining Operation – Bitcoin News

Venezuelan authorities confiscated more than a hundred mining machines in a residential area of ​​a central state. According to reports, the mining farm was operating illegally without the permits required for these operations by the national cryptocurrency watchdog, Sunacrip. The National Police, officers from the National Electric Power Company and individuals from the confiscated Sunakrip Company led the charge.

Authorities seize Venezuelan mining farm

Authorities detained more than a hundred miners who were working illegally on a secret farm located in a residential area of ​​Miranda, the central state of Venezuela. According to reports from local media, the authorities located the farm due to the strain it was placing on the area’s electricity distribution system. This prompted inspections by the police and authorities of both the National Energy Corporation (Corpoelec) and the National Cryptocurrency Watchdog (Sunacrip) to check for unreported mining activity.

The farm was dismantled and the mining equipment was taken over by Sunacrip. Cryptocurrency mining is completely legal in Venezuela, but requires a series of permits issued by Sunacrip designed to protect the electrical system from potential strains. However, due to past events, some miners are only choosing to mine underground, avoiding the supervision of Sunacrip, and allowing these events to happen.

Sunacrip has repeatedly made calls for miners to register with the organization, providing guarantees to miners.

More seizures

This is not the only takeover by these authorities in the state. 165 miners were confiscated from a warehouse in the same state that also lacked the necessary permits to operate in the area. Like the last incident, this takeover was also the joint work of the police forces and Sunacrip officers. This year, Sunacrip had to require that these visits always be accompanied by a Sunacrip officer, to avoid potential irregularities in the inspection process.

Moreover, in June, more than 400 miners were seized due to the lack of permits when transporting machines. The authorities confiscated the mining shipment at a road checkpoint.

But even registered Venezuelan miners have had problems with officers of the Electricity Corporation and Sunacrip before. In August, officers from the National Electric Power Company cut off electricity to registered bitcoin miners in strange circumstances in Carabobo State. Sunacrip was able to mediate between the affected parties, and the miners were reconnected to the power grid a week later.

What do you think about setting up bitcoin miners in Venezuela? Tell us in the comments section below.

photo credits: Shutterstock, Pixabay, Wikicommons

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