Bitcoin News and Finance
Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours Skip to main content

Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours

venezuelan

A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional authorities to allow them to operate and avoid further interruptions to the service.

Venezuelan Miners in Carabobo Meet With Sunacrip

A group of miners disconnected from the national power grid in the Carabobo state in Venezuela met Wednesday with the national cryptocurrency watchdog, Sunacrip, to discuss the cause of this measure and find a possible solution to the problem. Asonacrip, the National Cryptocurrency Association, reported that Joselit Ramirez, the National Superintendent of Crypto Assets of Venezuela was present in the meeting and promised them a reconnection of the farms in the next 48 hour period.

Asonacrip also stated the disconnected miners were operating in:

…industrial parks suitable for the activity without damaging energy consumption, and additionally, with their income, they contribute to the recovery of the national electricity system.

There was no mention of the real reason behind the power suspension of the miners in the meeting.

Power Contingency

Some people with knowledge of the matter stated that these miners were disconnected from the power grid due to a power contingency of the state. At the time of writing, there have been no official statements explaining the reason behind these actions.

While there are no official numbers about miners in Venezuela, it is estimated that much of the hashrate operating in the country does so without a license from Sunacrip. That’s why the institution is always promoting miner registration and pushing the benefits of having a permit issued to mine cryptocurrencies. However, all of the miners that were affected by this measure were operating legally, according to Asonacrip.

People weighed in on social media stating that the responsible state parties should reimburse miners for the losses caused by this kind of action, stressing this could make these occurrences less common in the future. Due to other occurrences, Sunacrip also stated that miners couldn’t be visited by police or military operatives without a Sunacrip official being present.

What do you think about the meeting between Venezuelan miners and Sunacrip? Tell us in the comment section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory