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Reports say Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining companies in Carabobo state on orders from authorities. The outages come amid reports that the government and Corpoelec officials plan to meet with mining company operators.

According to an report citing an anonymous source, the purpose 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”.

In addition, the report cites the anonymous source as saying that Corpoelec officials were “closing and disconnecting the mines in Carabobo.” The source suggests that all miners in Carabobo were disconnected.

However, it is not clear whether Corpoelec officials are only targeting bitcoin mining companies that do not have government approval. In September, Venezuela announced the creation of a national cryptocurrency mining pool and mandated that all crypto mining farms be registered.

Under the decree that took effect after September 21, all miners operating outside the pool would be subject to “the measures, violations and sanctions set forth in the decree document”.

Can Venezuela manage to force miners to join the national mining pool? Share your thoughts in the comments section.

Image Credits: Shutterstock, Pixabay, Wiki Commons





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