Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Opinions

Venezuela is on the way to have a Bitcoin Mining “Boom”

by Maluh Bastos
May 22, 2022
in Opinions
Reading Time: 1 min read
3k
A A
0
Share on FacebookShare on Twitter

Cheap cost of energy and the interest in digital currencies make a match to grow the digital industry in the country

The cheap cost of power in Venezuela is becoming an incentive for mining companies to establish in the country. Some investors are aiming at this opportunity since Venezuela is one of the countries that are starting to see the benefits of this new digital world, from Bitcoin to play-to-earn games such as Axie Infinity. 

Even though the cost of the mining machines could be expensive, what is paid in energy resources is incomparable: the CEO of Doctorminer, in an interview with Bitcoin.com, said that 80 ASICS working non-stop could together cost less than $10 in power monthly. 

However, power stability is still a concern. The country has faced some blackouts in the past and miners have had to adapt their infrastructure in order to deal with the compromised power grid. Another concern is regarding the massive power consumption and the consequences of it in the country’s ecosystem. 

You might also like

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

February 10, 2023
7.3k
Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

February 9, 2023
7.3k

On the other hand, it is good to remember that cryptocurrencies and play-to-earn games are changing people’s lives and realities in many emerging and third world countries. With damaged economies, decentralized financial systems could provide a way out of difficult situations and digital currencies, which are not regulated by the government and therefore are not under the country’s inflation, are becoming a solution for many. 

Advertisement Advertisement
Previous Post

Klever Weekly Newsletter – September 3

Next Post

Why Klever Exchange is perfect for new crypto traders

Maluh Bastos

Maluh Bastos

Journalist, content writer and producer - and DJ in spare times - always looking to make some noise in the world. Crypto and blockchain writer, eager to learn more every day and hoping to contribute to Klever's mission to change people's lives through financial freedom.

Related Stories

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

by Warren Manuel
February 10, 2023
0
7.3k

Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central...

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

by Warren Manuel
February 9, 2023
0
7.3k

Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI),...

Financial inclusion in the unbanked through cryptocurrency and blockchain

Financial inclusion in the unbanked through cryptocurrency and blockchain

by Warren Manuel
January 21, 2023
0
7.3k

The Role of Cryptocurrency and Blockchain in Enabling Financial Inclusion for the Unbanked and Underbanked Cryptocurrency and blockchain technology have...

Cryptocurrency regulation

Cryptocurrency regulation and its potential in the future

by Warren Manuel
January 18, 2023
0
7.3k

Cryptocurrency, also known as digital or virtual currency, has been gaining popularity in recent years as a form of investment...

Next Post

Why Klever Exchange is perfect for new crypto traders

Crypto Trending Topics

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8376 shares
    Share 3350 Tweet 2094
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7041 shares
    Share 2816 Tweet 1760
  • Bitcoin battles back from record losses to $21,000

    5915 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5360 shares
    Share 2144 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5074 shares
    Share 2030 Tweet 1269

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version