23 Oct '17, 1am

Number Of Bitcoin Miners In Venezuela Swells To 100,000

Number Of Bitcoin Miners In Venezuela Swells To 100,000

In Feb. 2017, following the incident, Surbitcoin, Venezuela’s most popular exchange went offline. The company encouraged users to withdraw their money immediately as Banesco, the company’s banking partner, was set to revoke the account associated with the exchange. Rodrigo Souza , the founder and CEO of Surbitcoin, noted that "When it was found that there were 11,000 mining computers consuming the energy to power a whole town at a time when there are severe electricity shortages, it triggered a reaction.” Souza went on to say that the company was not contacted by the government, but Banesco revoked their account as it did not want to be associated with such an operation. Surbitcoin resumed operations two weeks following.

Full article: http://www.zerohedge.com/news/2017-10-22/number-bitcoin-m...

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