Families in Venezuela mine Bitcoin with free electricity

Venezuela has been experiencing a severe economic crisis for some time now.. The rate of inflation in the country has reached 16,000 percent.. There is an environment of total chaos and turmoil.. On the other hand, some of the public found the solution by mining cryptocurrencies.

A report in Bloomberg claims that almost every house in Caracas is mining cryptocurrencies.

900,000 on the black market. Bolívar costs 90 cents. With this money, you can only eat cake, drink coffee or juice in a cafe.. However, the public can pay their electricity, water, gas, internet and telephone bills in full with approximately 300,000 Bolívars.. That is, for only 30 cents or 1.3 TL.

As such, electricity is almost free.. Some of them can earn quite a good amount in Venezuelan terms by investing in devices that mine cryptocurrencies, such as $1000 per month.. Others make $6 a day, as equipment allows.. 6 dollars a day is still not bad money in the country’s conditions.

Many of the citizens, who are seen as middle class in the country, fled abroad due to the economic crisis.. This is how the rest are struggling with these difficult conditions.

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