Venezuelan authorities reconnect stricken bitcoin miners to power grid

Venezuelan authorities have affected bitcoin miners who reconnected to a power grid in Carabobo state after the outage for unknown reasons. Sunacrip, the supervisory body of the country’s cryptocurrencies, has mediated between regional governments and affected miners and managed to press for the decommissioning of miners, which was closed last week.

Venezuelan bitcoin miners back online
Venezuelan authorities yesterday carried out a reconnection operation on a group of bitcoin miners affected. The miners were reconnected to the national power grid after it was shut down last week without an official announcement. Sunacrip, the national supervisory body for cryptocurrencies, mediated between the decimated miners and the regional authorities of Carabobo province. This complements the saga of bitcoin miners, where last week all officially registered miners in Carabobo were shut down by the National Energy Company, Corporelec.

The reconnection took place after the miners partnered with Asonacrip, a private NGO working to promote cryptocurrencies in the country, and arranged a meeting with Sunacrip. At a meeting last week, the institution’s President, Joselit Ramirez, promised the miners that they would return to work within 48 hours.

According to reports from some people familiar with the case, these miners were removed from the power grid because of the unforeseen circumstances the region faced at the time. However, National Energy Company Corporelec has not made an official statement.

Licensed mining
Meetings with Sunacrip, and then reconnect power to the miners, only to miners under the license, as required by the National Law of all affected sunacrip is registered to operate. However, there are many mining activities that are not licensed and are less resistant to such events.

So far, various machines for cryptocurrency mining have been taken over by V

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