we use green lettuce codename on social networks and publics https, but the reality is that the same authorities sell $ on the black market, is called SITME (Transaction System Foreign Currency) you may buy dollars at a "REGULATED" a bit higher than the official price and much lower that black market, but you must necessarily account abroad, which is pretty silly considering that offshore accounts to be opened in person and if you have dollars you can not travel.
And I would bet it would be pretty risky for someone using SITME to obtain dollars and then turn around and sell them at a profit without being "authority" ("authorized" ?) as well.
There are a few threads regarding Bitcoin and Venezuela.
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http://bitcointalk.org/index.php?topic=58699.0;all -
http://bitcointalk.org/index.php?topic=83790.0;allWith the electricity there being offered so inexpensively, mining could be done quite profitably. Of course, the electric rate is low because it is subsidized. Some GPU models are starting to sell pretty cheap because of poor performance on a Mhash/J basis but at the same time will still crank out a respectable number of hashes. Now that there is an exchange in a neighboring country (Colombia, ... well in Brazil too but Colombia's is probably the easiest to do business with) even if there's no local buyers yet for bitcoins some of the mining proceeds could be converted and used to pay for the electric bills or perhaps fund further expansion. With the upcoming drop in the block reward, there will likely be a glut of these GPUs on the market.
But a large mining operation is probably risky, as this thread post specifically addresses:
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https://bitcointalksearch.org/topic/m.890901 Anyway you can call them Bcons (bacon
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You NAILED it! $BCOIN is the ticker symbol used on StockTwits for Bitcoin.
Anyone selling any BACON? I need BACON! Bolivars for bacon ... anyone? Perfect!
actually has very little risk, once the money is in your foreign account, and is left to track. The system is quite robust, there are many people who do the formalities for a percentage of the order and in less than 1 week you have the money in the account.
in terms of electricity, if it is subsidized and is a pain in the ass, many electrical outages. luckily when assembling my little farm also invested in a generator fuel, as we have the cheapest gasoline in the region $ 0.06 per gallon thus keep these girls consuming watts 24 hours a day
HAHAHA sounds great BACON for sale!