The Venezuelan authorities have reconnected affected Bitcoin miners to the power grid in the state of Carabobo after they were taken off the grid for unknown reasons. Sunacrip, the country’s cryptocurrency watchdog, mediated between the regional energy supply authorities and the affected miners, and managed to put pressure to reconnect those miners who were separated last week.
Venezuelan Bitcoin miner reconnected to the power grid
The Venezuelan authorities yesterday carried out a reconnection operation for a group of affected Bitcoin miners. The miners have been reconnected to the national grid after being shut down last week without an official statement. Sunacrip, the national watchdog for cryptocurrencies, mediated between the affected miners and the regional authorities in the state of Carabobo. This ends the Bitcoin miner saga that began last week when all officially registered miners in Carabobo were taken offline by the national electricity company Corpoelec.
The reconnection came after miners teamed up with Asonacrip, a private nonprofit that is committed to promoting cryptocurrency in the country, and arranged to meet with Sunacrip. At the meeting – that happened last week – Joselit Ramirez, head of the institution, promised the miners that they would be back to work within 48 hours.
These miners were allegedly unplugged due to a power outage the region was facing at the time, according to some people familiar with the matter. However, no official statement has been made by Corpoelec, the national electricity company.
The meetings with Sunacrip and the subsequent reconnection of power to the miners only took place because all the miners concerned were registered and acted under Sunacrip’s license, as required by national law. However, there are many mining operations that are unlicensed and less resilient to these types of events.
So far, several cryptocurrency mining machines have been seized by Venezuelan authorities across the country due to a lack of permits. Sunacrip has promoted the benefits of mining registration in the country, but there is still opposition due to the distrust that some in the crypto community have of the government. The incidence of questionable actions against miners has decreased since Sunacrip found that security agencies were only allowed to visit cryptocurrency farms in the presence of one of its officials.
What do you think of the reconnection of the Venezuelan miners to the power grid? Let us know in the comments section below.
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