I heard that mining 1 Bitcoin in Venezuela costs approx. $3k whereas in European countries it's more than $6k. It would be a big shame if they had banned mining.
You should not listen to rumors, there are some research which confirmed that in Venezuela mining of 1 BTC is the cheapest in the world and cost only 530$. Also judging by the statement from Carlos Vargas ( government’s cryptocurrency superintendent ), crypto mining is not illegal and all citizens who were indicted and prosecuted will be released from all charges. This is news from January 30 2018, it is possible that something has changed since then, so if you plan to move in Venezuela for mining everything needs to be checked. Just for info, the average salary in this country is less then 10$.
As I said in my post, average monthly salary is less then 10$ and most of that money is in food stamps. With 100 euros you can live pretty good there, since this is more then total annual salary. But as some other says, even electricity is cheap, there is no stability of the electrical system and enough electricity for normal living needs. On paper it looks very promising, but in reality it is far from it.
It's really strange that people of Venezuela live in such a poverty, considering that this country have biggest oil reserves in the world. If they can make even small mining farms that would mean a lot for them, actually every extra $ would mean improving living standards.
