A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. On Wednesday, the institution met with the affected miners and assured them that it would make necessary adjustments with the regional authorities in order to allow them to continue to operate.

Venezuelan Miners in Carabobo Meet With Sunacrip

Miners in Carabobo, Venezuela, were disconnected from the national electricity grid Wednesday. Sunacrip, the national cryptocurrency watchdog, met with them to discuss the issue and to find a solution. Asonacrip, the National Cryptocurrency Association, reported that Joselit Ramirez, the National Superintendent of Crypto Assets of Venezuela was present in the meeting and promised them a reconnection of the farms in the next 48 hour period.

Asonacrip also indicated that the disconnected miners were operating within:

…industrial Parks are suitable for the activity, without causing any damage to energy consumption. Additionally, their income contributes to the recovery and maintenance of the national electricity grid.

There was no mention at the meeting of the true reason for the power suspension of miners.

Power Contingency

Some people with knowledge of the matter stated that these miners were disconnected from the power grid due to a power contingency of the state. These actions were not explained in any official statement at the time of writing.

Although there aren’t any official figures on Venezuela’s miners, it is believed that a large portion of Venezuelan hashrate producers operate in Venezuela without a Sunacrip license. The institution promotes miner registration and promotes the benefits of obtaining a permit to mine cryptocurrency. According to Asonacrip, however, all the affected miners were legally operating.

People voiced their opinion on social media, stating that responsible state parties should compensate miners for any losses caused by such actions. This could reduce the frequency of these types of incidents in the future. Sunacrip stated that miners could not be visited by military or police personnel without a Sunacrip official.

What do you think about the meeting between Venezuelan miners and Sunacrip? Comment below.

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