Venezuela’s National Power Ministry has cracked down on Bitcoin mining farms, disconnecting them from the country’s electricity grid and seizing over 11,000 Bitcoin miners. The crackdown is part of the Venezuelan government’s efforts to reduce the power consumption of Bitcoin mining farms, which have been siphoning energy from the country’s power grid. According to the country’s power ministry, it was executing an operation to supervise the activities of high-powered customers connected to the country’s power grid, including power-hungry Bitcoin miners. The ministry stated that the pain aimed to “disconnect all cryptocurrency mining farms based in the country from its power system” to avoid the high impact on demand produced by the mining farms.
LIVE
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,942.00
▲ +0.80%
ETH
$1,917.50
▲ +0.60%
USDT
$0.999445
▲ +0.00%
BNB
$593.14
▲ +0.30%
USDC
$0.999637
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.94
▲ +1.60%
TRX
$0.327064
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.38
▼ -2.90%
DOGE
$0.069816
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012714
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$512.63
▲ +3.50%
ADA
$0.200931
▼ -1.80%
XMR
$372.45
▲ +1.80%
WBT
$56.19
▲ +0.70%
LINK
$8.21
▼ -0.50%
XLM
$0.161919
▲ +0.40%
DAI
$0.999988
▲ +0.00%
BCH
$216.33
▲ +1.30%
USD1
$0.999782
▲ +0.00%
USDE
$0.999843
▲ +0.00%
GRAM
$1.35
▼ -2.00%
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,942.00
▲ +0.80%
ETH
$1,917.50
▲ +0.60%
USDT
$0.999445
▲ +0.00%
BNB
$593.14
▲ +0.30%
USDC
$0.999637
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.94
▲ +1.60%
TRX
$0.327064
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.38
▼ -2.90%
DOGE
$0.069816
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012714
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$512.63
▲ +3.50%
ADA
$0.200931
▼ -1.80%
XMR
$372.45
▲ +1.80%
WBT
$56.19
▲ +0.70%
LINK
$8.21
▼ -0.50%
XLM
$0.161919
▲ +0.40%
DAI
$0.999988
▲ +0.00%
BCH
$216.33
▲ +1.30%
USD1
$0.999782
▲ +0.00%
USDE
$0.999843
▲ +0.00%
GRAM
$1.35
▼ -2.00%
BTC
$64,942.00
▲ +0.80%
ETH
$1,917.50
▲ +0.60%
USDT
$0.999445
▲ +0.00%
BNB
$593.14
▲ +0.30%
USDC
$0.999637
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.94
▲ +1.60%
TRX
$0.327064
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.38
▼ -2.90%
DOGE
$0.069816
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012714
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$512.63
▲ +3.50%
ADA
$0.200931
▼ -1.80%
XMR
$372.45
▲ +1.80%
WBT
$56.19
▲ +0.70%
LINK
$8.21
▼ -0.50%
XLM
$0.161919
▲ +0.40%
DAI
$0.999988
▲ +0.00%
BCH
$216.33
▲ +1.30%
USD1
$0.999782
▲ +0.00%
USDE
$0.999843
▲ +0.00%
GRAM
$1.35
▼ -2.00%
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,942.00
▲ +0.80%
ETH
$1,917.50
▲ +0.60%
USDT
$0.999445
▲ +0.00%
BNB
$593.14
▲ +0.30%
USDC
$0.999637
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.94
▲ +1.60%
TRX
$0.327064
▲ +0.00%
FIGR_HELOC
$1.03
▲ +1.20%
HYPE
$54.38
▼ -2.90%
DOGE
$0.069816
▲ +1.60%
USDS
$0.999928
▲ +0.00%
RAIN
$0.012714
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$512.63
▲ +3.50%
ADA
$0.200931
▼ -1.80%
XMR
$372.45
▲ +1.80%
WBT
$56.19
▲ +0.70%
LINK
$8.21
▼ -0.50%
XLM
$0.161919
▲ +0.40%
DAI
$0.999988
▲ +0.00%
BCH
$216.33
▲ +1.30%
USD1
$0.999782
▲ +0.00%
USDE
$0.999843
▲ +0.00%
GRAM
$1.35
▼ -2.00%
