Venezuelan authorities apprehend over 100 miners.
Over a hundred mining machines were seized by Venezuelan authorities in a residential area of a central state. According to reports, the mining farm was operating illegally without the permits required by Sunacrip, the national cryptocurrency watchdog. The national police, officers from the national power company, and Sunacrip personnel led the seizure.
Over a hundred illegal miners were apprehended in a clandestine farm located in a residential zone in Miranda, Venezuela‘s central state. According to local media reports, authorities located the farm due to the strain it was putting on the area’s power distribution system. This prompted police and officials from the national power company (Corpoelec) and the national cryptocurrency watchdog (Sunacrip) to conduct an inspection to look for unreported mining activity.
Sunacrip seized the mining equipment and dismantled the farm. Mining cryptocurrencies is entirely legal in Venezuela, but it does necessitate a series of permits issued by Sunacrip in order to protect the electrical system from potential strains. However, due to previous occurrences, some miners simply choose to mine underground, avoiding Sunacrip’s oversight and allowing these events to occur.
Sunacrip has repeatedly urged miners to register with the organization, which provides guarantees to miners.
More Seizures are Occurring
This is not the first time these authorities have carried out a seizure in the state. 165 mining machines were seized from the same warehouse, which also lacked the necessary permits to operate in the area. This seizure, like the previous one, was the result of a collaborative effort between police and Sunacrip officers. To avoid potential irregularities in the inspection process, Sunacrip had to require that these visits be made in the company of a Sunacrip officer this year.
Furthermore, over 400 miners were detained in June due to a lack of permits when transporting the machines. The mining cargo was seized by authorities at a road checkpoint.
However, even registered Venezuelan miners have previously encountered issues with power company officers and Sunacrip. In August, officers from the national power company cut off power to registered Bitcoin miners in the state of Carabobo under unusual circumstances. Sunacrip was able to mediate between the parties involved, and miners were reconnected to the power grid a week later.
Patrick
Coincu News
Author
Market
Venezuelan authorities apprehend over 100 miners.
Over a hundred mining machines were seized by Venezuelan authorities in a residential area of a central state. According to reports, the mining farm was operating illegally without the permits required by Sunacrip, the national cryptocurrency watchdog. The national police, officers from the national power company, and Sunacrip personnel led the seizure.
Over a hundred illegal miners were apprehended in a clandestine farm located in a residential zone in Miranda, Venezuela‘s central state. According to local media reports, authorities located the farm due to the strain it was putting on the area’s power distribution system. This prompted police and officials from the national power company (Corpoelec) and the national cryptocurrency watchdog (Sunacrip) to conduct an inspection to look for unreported mining activity.
Sunacrip seized the mining equipment and dismantled the farm. Mining cryptocurrencies is entirely legal in Venezuela, but it does necessitate a series of permits issued by Sunacrip in order to protect the electrical system from potential strains. However, due to previous occurrences, some miners simply choose to mine underground, avoiding Sunacrip’s oversight and allowing these events to occur.
Sunacrip has repeatedly urged miners to register with the organization, which provides guarantees to miners.
More Seizures are Occurring
This is not the first time these authorities have carried out a seizure in the state. 165 mining machines were seized from the same warehouse, which also lacked the necessary permits to operate in the area. This seizure, like the previous one, was the result of a collaborative effort between police and Sunacrip officers. To avoid potential irregularities in the inspection process, Sunacrip had to require that these visits be made in the company of a Sunacrip officer this year.
Furthermore, over 400 miners were detained in June due to a lack of permits when transporting the machines. The mining cargo was seized by authorities at a road checkpoint.
However, even registered Venezuelan miners have previously encountered issues with power company officers and Sunacrip. In August, officers from the national power company cut off power to registered Bitcoin miners in the state of Carabobo under unusual circumstances. Sunacrip was able to mediate between the parties involved, and miners were reconnected to the power grid a week later.
Patrick
Coincu News
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