• Venezuela Bans Crypto Mining From Public Housing

    From Phantom_View@21:1/5 to All on Fri Jul 17 21:30:48 2020
    XPost: soc.culture.usa, talk.politics.misc

    On Fri, 17 Jul 2020 20:35:53 -0400, JAT <jesus.a.torres@gmail.com>
    wrote:

    Venezuela Bans Crypto Mining From Public Housing
    Crypto mining can harm the country’s electricity distribution, says a >Venezuelan minister.

    Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced >today that crypto mining operations won’t be allowed in any state-owned >housing or neighborhoods that are part of the “Gran Misión Vivienda”
    project (Great Home Mission).

    During an official speech on July 15, Villaroel stated ><https://twitter.com/VTVcanal8/status/1283503232636145667> that any kind
    of equipment related to crypto mining is banned in public housing due to >“high power consumption” and for widely “violating” the government’s >electrical supply policy.


    https://cointelegraph.com/news/venezuela-bans-crypto-mining-from-public-housing

    Although cryptomining IS energy intensive, I think that is just
    the govts *excuse* ..... totalitarians do NOT want the serfs
    to make money - they might get uppity, fund a coup ......
    and there goes your socialist paradise.

    AI systems tend to be much more energy-intensive, but
    we see they have not tried to ban any such research or
    operations down in the barrio .......

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