Venezuela Cryptocurrency Mining History Museum Opens

A museum dedicated to the history of cryptocurrency mining was opened in Venezuela last weekend. According to the source, Venezuela will allow visitors to learn about the history of cryptocurrency mining, from its beginnings to the current state of the mining industry.

Cryptocurrency Mining History Museum opens in Venezuela

A newly established Bitcoin Mining History Museum opened its doors to the public last weekend in Venezuela. The new initiative, inspired by Criptoavila, a private company whose members have 9 years of mining experience, aims to introduce people to the world of Bitcoin mining. The museum in Caracas is open to all visitors and admission is free.

According to Cryptonics, the exhibition shows the evolution of Bitcoin mining from the beginnings of CPUs to GPU mining. Then we finally come to the current era of application specific integrated circuits (ASIC) or integrated circuits (IC) mining that the industry is living through. According to Joan Telo, a member of Criptoavila, one of the goals of this museum is to raise public awareness of Bitcoin mining. He emphasized:

“We decided to take this step because so far there is no or at least no public place where people can observe evolution, and we thought it was necessary.”

Telo also said it will add new equipment to keep up with the latest mining trends. He stated:

“Our idea was to add the equipment to the museum while we were receiving it because we wanted to be the reference in the world on this issue of the evolution of cryptocurrency mining.”

The museum will also sell equipment and spare parts, as well as technical services.

The museum is located in the Xerox Tower of Chacao in Caracas, where anyone interested in mining cryptocurrencies can participate. There they will be met by the company’s promoters, who offer a free tour.

The place also has a model mine that visitors can use to learn how to build a safe electrical installation to connect their own ASIC and all the details of cryptocurrency mining.

Among the platforms on display was an ATI 5850 graphics card, which Telo lists as one of the graphics card models for Bitcoin mining.

“It was one of the best GPUs, but as soon as it went live there was a global outage like the one we’re seeing now. This happens precisely because of the mining ability of the tokens. This is the first time Bitcoin mining has encountered a global inventory problem. Our idea now is to add the device to the museum as soon as we get it because we want to be a worldwide reference on the subject of the development of this cryptocurrency mining. ”- Joan Telo, Promoter of the Bitcoin Mining Museum.

According to Cambridge University, Venezuela is among the 10 largest countries in the world to offer a hash rate for Bitcoin (BTC), which rose 0.42% in April last year.

Museum on the History of Cryptocurrency Mining in Venezuela Opened Despite Miners’ Mining Operations Open

Although cryptocurrency mining is recognized and legalized in Venezuela, there have been a number of bad stories related to their job where the miners were often abused by the government, arrested them and confiscated their mining equipment.

Now, however, miners just need to register and be licensed by the National Cryptocurrency Watch (Sunacrip) to work.

But some still work without this permission out of fear and lack of general knowledge, which leaves them vulnerable to equipment seizures and government fines. For example, 400 extractors were confiscated in two operations in June due to a lack of permits.

In other news, Venezuelan police arrested six people who were operating an unregistered mine in Puerto Ordas on July 15. They confiscated 25 unlicensed ASIC miners. However, the NGO Asociación Nacional de Criptomonedas or ASONACRIP has informed us that the miners have been released. According to Kryptonik:

In a statement, ASONACRIP celebrated the state organization’s action to free the miners. In this context, the organization emphasizes that digital mining is legal in Venezuela and that mining by unlicensed miners is a criminal but not a crime. In other words, miners cannot be arrested.

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