VENEZUELA - The Miner's Worst Fear

Bitcoin Mining - While the process itself is hazardous to the environment since on a global scale it tends to consume a ton of electricity! In some countries such as Venezuela Bitcoin mining can be hazardous to miners with the risk of being thrown into jail!

In a country where GDP is non-existant, a deteriorating national currency known as the Bolivar, food and other basic resources being scarce, it is normal for it's citizens to find other alternatives to make ends meet.
The cryptocurrency space has become a profitable substitute since it is not affected by any factor of the Nation's failing economy.

Many local Venezuelans are harnessing the power of bitcoin mining to simply make their living and feed their families. However Big Momma Government doesn't seem to like the idea! Local police are performing raids and crack downs on any person that is accused of mining bitcoin.
The intelligence police monitor household electricity consumption and go after high consumers who they find suspicious of mining.

All types of false charges are being thrown at jailed miners accusing them of terrorism, destabilizing the country's electricity, cyber crimes and money laundering. These circumstances are forcing miners to remain anonymous and operate underground to avoid jail-time and abuse.