Topic: Venezuela hit by new nationwide powercut for more than three days - page 7. (Read 894 times)
March 28, 2019, 04:02:47 AM
I think it will not have an impact on the global ecosystem of cryptocurrency, especially 1st world countries. I know miners tend to outsource to other countries which have low electricity bills and have stable economic growth.
March 28, 2019, 03:41:18 AM
Venezuela facing hard economic crisis over the years, and the past month it begun to recover slowly. Now once again the scenario is going worse with nationwide powercut. Mundro indicates USA as the cause, even the capital city Caracas too is experiencing the same. Business people prefer moving out of the country, as they've lost hope of the recovery.
Will this make any impact on the global cryptocurrency economy as electricity is a much required resource for the successful functioning of bitcoin and major other cryptocurrencies in the market. I believe such scenario will never happen with any of the countries around.
Will this make any impact on the global cryptocurrency economy as electricity is a much required resource for the successful functioning of bitcoin and major other cryptocurrencies in the market. I believe such scenario will never happen with any of the countries around.
Jump to: