So the news was that the Venezuelan government closed down 11K mining computers because "energy" concerns. The turth behind the action is coming to you courtesy of Reddit: "Nesselde Venezuelan here Reason is not really energy crysis, is just fight of powers within govt officials, long story short, all venezuelan pro crypto crap was just a masquerade to wash corruption money (oil money), they manage to steal over 23 billions usd (official sources of side A, u will read soon who they are) but estimates are around more than 100 billions usd. They had a fight between them (all govt corrupt officials), god knows why and they got divided by 2 sides, lets say side A and side B, so side B was accused by side A of stealing money, and incarcerated them, now they going after their properties, including crypto farms And no, side A is not better than side B, both sides stole money, just that side A was smarter than side B and made power moves to keep stealing while taking down side B, now side A has all the "power" and can freely keep their corruption business going on without sharing with side B Btw, not so related to crypto but the US could have taken down "both sides", but biden just gave side A more power by releasing Alex Saab (google it) and pretty much letting side A get away from stealing more than 300billions from Venezuela state, good job USA." ---------------------------------- I would like to point out that no matter what the real reason behind the ban was, crypto is fragile as shit after taking too much magnesium.
Thought it might be legit when I noticed this astute analysis: They had a fight between them (all govt corrupt officials) lolz