Venezuelan army starts mining Bitcoin to make ends meet

Cointelegraph

Published Nov 30, 2020 02:55PM ET

Updated Nov 30, 2020 05:00PM ET

The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent.

Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new "Digital Assets Production Center of the Bolivarian Army of Venezuela." As the video shows, the center houses various ASIC mining equipment used to crack proof-of-work algorithms.

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