Venezuela Bans Crypto Mining From Public Housing

[JAT]

Venezuela Bans Crypto Mining From Public Housing
Crypto mining can harm the country’s electricity distribution, says a
Venezuelan minister.

Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced
today that crypto mining operations won’t be allowed in any state-owned
housing or neighborhoods that are part of the “Gran Misión Vivienda”
project (Great Home Mission).

During an official speech on July 15, Villaroel stated
<https://twitter.com/VTVcanal8/status/1283503232636145667> that any kind
of equipment related to crypto mining is banned in public housing due to
“high power consumption” and for widely “violating” the government’s
electrical supply policy.


https://cointelegraph.com/news/venezuela-bans-crypto-mining-from-public-housing

[Phantom_View]

Post by JAT
Venezuela Bans Crypto Mining From Public Housing
Crypto mining can harm the country’s electricity distribution, says a
Venezuelan minister.
Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced
today that crypto mining operations won’t be allowed in any state-owned
housing or neighborhoods that are part of the “Gran Misión Vivienda”
project (Great Home Mission).
During an official speech on July 15, Villaroel stated
<https://twitter.com/VTVcanal8/status/1283503232636145667> that any kind
of equipment related to crypto mining is banned in public housing due to
“high power consumption” and for widely “violating” the government’s
electrical supply policy.
https://cointelegraph.com/news/venezuela-bans-crypto-mining-from-public-housing

Although cryptomining IS energy intensive, I think that is just
the govts *excuse* ..... totalitarians do NOT want the serfs
to make money - they might get uppity, fund a coup ......
and there goes your socialist paradise.

AI systems tend to be much more energy-intensive, but
we see they have not tried to ban any such research or
operations down in the barrio .......

[JAT]

It makes big sense what you say, my friend. Let's see what happens then...

/jat
Knowledge will set you free
El conocimiento te hará libre

Post by Phantom_View

Post by JAT
Venezuela Bans Crypto Mining From Public Housing
Crypto mining can harm the country’s electricity distribution, says a
Venezuelan minister.
Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced
today that crypto mining operations won’t be allowed in any state-owned
housing or neighborhoods that are part of the “Gran Misión Vivienda”
project (Great Home Mission).
During an official speech on July 15, Villaroel stated
<https://twitter.com/VTVcanal8/status/1283503232636145667> that any kind
of equipment related to crypto mining is banned in public housing due to
“high power consumption” and for widely “violating” the government’s
electrical supply policy.
https://cointelegraph.com/news/venezuela-bans-crypto-mining-from-public-housing

Although cryptomining IS energy intensive, I think that is just
the govts *excuse* ..... totalitarians do NOT want the serfs
to make money - they might get uppity, fund a coup ......
and there goes your socialist paradise.
AI systems tend to be much more energy-intensive, but
we see they have not tried to ban any such research or
operations down in the barrio .......