The government of Venezuela has recently decided to ban crypto mining in an attempt to protect the national electrical grid. This move follows a series of crackdown actions that have also led to the confiscation of 2,000 mining devices in the city of Maracay.
Venezuela: The energy crisis pushes the ban on crypto mining
According to a local news agency, the Ministry of Electric Energy of Venezuela has announced specific plans to disconnect cryptocurrency mining farms from the national electrical grid.
This decision aims to regulate the excessive energy consumption by mining operations and ensure a stable supply of electricity for the population. An enforcement action therefore aimed at protecting and ensuring a more important common good.
The Ministry has indeed emphasized the need and duty to offer efficient and reliable electrical service to the Venezuelan population, eliminating the pressure caused by these high-energy consumption activities.
Crypto mining and energy co
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