In crisis-ridden Venezuela, mining this digital currency is providing a lifeline but comes with the risk of arrest.
In 2005, Randy Brito, aged 14, and his family fled Venezuela.
Back then, the country's oil-based economy was still booming. But under President Hugo Chavez's socialist agenda, widespread nationalisations and takeovers of private enterprises compelled many middle-class families such as Brito's to leave.
In 2011, while browsing the internet, Brito discovered the world of bitcoin on a dedicated forum.
A post described "bitcoin mining", a fully decentralised process where "miners" compete by making their computing power available to process and confirm transactions coming from a peer-to-peer network.
http://www.aljazeera.com/indepth/features/2017/04/venezuelans-turned-bitcoin-mining-170415124105593.html
Topic: [2017-04-20] Why some Venezuelans have turned to bitcoin mining (Read 255 times)
Jump to: