Free Bitcoin 2020

Image
Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners

Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators.

According to one report that quotes an anonymous source, the objective of this meeting is to discuss the process of connecting miners to the National Electric System (SEN) as well as “the rate to be paid.”

Furthermore, the report quotes the anonymous source saying Corpoelec officials “were shutting down and disconnecting the mines in Carabobo.” The source suggests that all miners in Carabobo had been disconnected.

However, it is not clear if Corpoelec officials are only targeting bitcoin mining operators that do not have authorisation from the government. In September, Venezuela announced the creation of a national cryptocurrency mining pool and decreed that all crypto mining farms be registered.

According to the decree which took effect after September 21, all miners operating outside the pool would be subjected “to the measures, infractions, and sanctions as set forth in the decree document.”

Can Venezuela succeed in forcing miners to join national mining pool? Share your views in the comments section.

The post Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners appeared first on Bitcoin News.



from Bitcoin News

Hot News

Free Bitcoin 2020

Defcon Speaker Discusses Liberating $300K Worth of Bitcoin From an Encrypted File