[2017-02-05] Venezuelan Authorities Destroy Bitcoin Mining Center...

Slow death

legendary

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Quote from: Papa Bear on February 05, 2017, 08:22:08 PM

Why Venezuela Turns To Bitcoin! As the country reels from hyperinflation and an impoverished economy, many have turned to bitcoin as an alternative currency.

The FMI projected a contraction of GDP of 6.0%. Meanwhile, thousands of government opponents are on the streets making manifestation to pressure Maduro to hold regional elections.

With this political crisis, people look for bitcoin as you said:

Quote from: Papa Bear on February 05, 2017, 08:22:08 PM

with fortunate miners and adopters using the cryptocurrency to import food and groceries from the United States.

Gromozeka!

legendary

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Not only that the government made such a downturn in the economy, which is observed today, so still and take away the last alternative in the population, they switched to Bitcoin's not a good life, and the government is continuing to make life even harder. In China, on the contrary, the mining centers comes every assistance from the government on the development and performance.

Papa Bear

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Why Venezuela Turns To Bitcoin! As the country reels from hyperinflation and an impoverished economy, many have turned to bitcoin as an alternative currency. Bitcoin miners have thrived, with fortunate miners and adopters using the cryptocurrency to import food and groceries from the United States.

notthematrix

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Quote from: cr1776 on February 05, 2017, 03:10:56 PM

Quote from: Arcteryx on February 05, 2017, 02:58:48 PM

Quote from: cr1776 on February 05, 2017, 02:46:13 PM

Quote

...shed with 11,000 bitcoins...

Hmmm.

Bitcoins are bulky and do take up a lot of space, I am surprised that they could fit 11,000 in just a shed.

/sarcasm

They were talking about the machines that were used in mining the bitcoins in this typical looking shed from the outside Grin

:
"Equipment Taken To Venezuela
More than 14,000 of the bitcoin machines were available for sale in August 2015, of which 11,000 were acquired by Andres Carrero and transported allegedly to Venezuela, according to criptonoticias."

Clearly.

But they did t write that.

exectly!
its people trying to get down the price , gov CANT stop BTC.
all this kind of actions are futile

Watch this...
https://www.youtube.com/watch?v=RRXecXfWARw
A gov that has to deal with an inflation of 500% in a month does NOT have any power.
This seems strange from western view but also our gov's have very limited power.
A lot of people like to believe they do but that's more to keep them from taking own responsibility.

cr1776

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Quote from: Arcteryx on February 05, 2017, 02:58:48 PM

Quote from: cr1776 on February 05, 2017, 02:46:13 PM

Quote

...shed with 11,000 bitcoins...

Hmmm.

Bitcoins are bulky and do take up a lot of space, I am surprised that they could fit 11,000 in just a shed.

/sarcasm

They were talking about the machines that were used in mining the bitcoins in this typical looking shed from the outside Grin

:
"Equipment Taken To Venezuela
More than 14,000 of the bitcoin machines were available for sale in August 2015, of which 11,000 were acquired by Andres Carrero and transported allegedly to Venezuela, according to criptonoticias."

Clearly.

But they did t write that.

Arcteryx

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Quote from: cr1776 on February 05, 2017, 02:46:13 PM

Quote

...shed with 11,000 bitcoins...

Hmmm.

Bitcoins are bulky and do take up a lot of space, I am surprised that they could fit 11,000 in just a shed.

/sarcasm

They were talking about the machines that were used in mining the bitcoins in this typical looking shed from the outside Grin

:
"Equipment Taken To Venezuela
More than 14,000 of the bitcoin machines were available for sale in August 2015, of which 11,000 were acquired by Andres Carrero and transported allegedly to Venezuela, according to criptonoticias."

cr1776

legendary

Activity: 4228

Merit: 1313

Quote

...shed with 11,000 bitcoins...

Hmmm.

Bitcoins are bulky and do take up a lot of space, I am surprised that they could fit 11,000 in just a shed.

/sarcasm

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: https://www.cryptocoinsnews.com/venezuelan-authorities-destroy-bitcoin-mining-center-crackdown-continues/

Venezuelan Authorities Destroy Bitcoin Mining Center As Crackdown Continues

venezuelan authorities destroyed a bitcoin mining center in Valencia in Carabobo state, the most recent action taken in an effort to clamp down on bitcoin-related activity in the economically ravaged country, according to criptonoticias, a Venezuelan cryptocurrency website.

Venezuelan authorities arrested members of a Poland-based network after locating a shed with 11,000 bitcoins in Los Guayos in an industrial zone, according to the Bolivarian government of Venezuela website. The Bolivarian National Police (PNB) division against capital legitimation detected suspicious shipments entering a warehouse that contained bitcoin mining equipment. The investigation was conducted by a PNB commission in the state of Carabobo.

A Criminal Network

The network used the bitcoin equipment in various parts of the country to legitimize capital, conduct computer crime, finance terrorism, engage in electronic theft and engage in fraud exchange.

Authorities arrested Eusebio Gómez Henríquez (51) and Andrés Alejandro Carrero Martínez (35).

The operations were camouflaged as Internet connection centers and a data center.

Government action in various parts of the country continues against “criptomonedas” operations.

Pictures on the criptonoticias website show PicoStocks 100TH, a machine developed by PicoStocks and programmed by the Institute BioInoBank group of scientific and technological advisors. Both organizations are based in Poland.

https://www.cryptocoinsnews.com/venezuelan-authorities-destroy-bitcoin-mining-center-crackdown-continues/

Topic: [2017-02-05] Venezuelan Authorities Destroy Bitcoin Mining Center... (Read 506 times)