The Venezuelan government has just decided to ban mining activities #Bitcoin to reduce electricity consumption and ensure stable electricity supply for the people. The Ministry of Electricity has announced plans to disconnect mining farms from the national grid.

The decision came after the government confiscated 2,000 Bitcoin mining equipment in Maracay city as part of an anti-corruption campaign. These measures are intended to stabilize electricity supplies, which have been unstable for many years, with many repeated blackouts since 2019.