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Learning & News => News related to Crypto => Topic started by: Riya143 on July 18, 2020, 03:29:09 PM

Title: Venezuela Bans Crypto Mining From Public Housing
Post by: Riya143 on July 18, 2020, 03:29:09 PM

Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister.
Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission).

During an official speech on July 15, Villaroel stated that any kind of equipment related to crypto mining is banned in public housing due to “high power consumption” and for widely “violating” the government’s electrical supply policy.
Read More: https://cointelegraph.com/news/venezuela-bans-crypto-mining-from-public-housing

Title: Re: Venezuela Bans Crypto Mining From Public Housing
Post by: TomPluz on July 18, 2020, 04:15:43 PM

So they can be allowed elsewhere? I think this is just rational as indeed crypto mining can be demanding of power and if a certain location has an unstable power supply then mining activities can be putting more burden to the people.