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Venezuelan Miner Harassed By Police Flees Country To Survive

For some, cryptocurrencies are just only a hobby; others think seriously in them as the future of currency. But for some people in impoverished countries, it’s a way of living; a way of keeping their basic income protected in Venezuela, a country that has been classified as the most miserable economy of the world four times in a row.
David is the fictitious name that the miner, a businessman from Venezuela, chose to take when talking to Bloomberg last month to protect his identity. He saw mining as an opportunity to ramp up its earnings, because, as most natives, he was being hit by the country’s economic problems. So he started quietly mining, maintaining a low profile as its main protection.
In Venezuela, there is an apparent mining friendly climate, and because the power is heavily subsidized by the state, mining is a very profitable activity. But in a country where the minimum wage is less than two dollars a month, and most people have problems even getting to the end of the day, the idea of “money making machines” (miner rigs) is too enticing.
He says that police patrols the streets in the night hearing for strange hums that could come from miners, and that the power consumption from some homes is being monitored for changes. Sadly for him, the police caught wind of his mining activities because a neighbor rattled him to save himself for smuggling sugar (yes, in Venezuela, basic products can be only be distributed with government license). So the police took his miners and asked for a ransom of $15,000 an enormous amount of money for a Venezuelan.
Unluckily for David, the police had also taken a computer with pictures of his family and was being told that if he would not pay the ransom, all his family would be in danger. David did not want to take any chances and chose to protect the life of their family and of his small son by leaving the country that same night. He packed everything he could and headed to the Colombian border, leaving all behind.
In Venezuela, mining is not illegal, but police officers most times harass miners for different reasons: the origin of the mining rigs, the amount of electricity that you are using, the origin of the money you used to buy rigs and the number of dollars that you are exchanging. Any reason is good for extorting miners.
David is now living in Europe and still mining. But he will never forget that his family was threatened because of this activity in his homeland.

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