The legalization of mining seems to end up being a tax penalty for the activity. Certainly Venezuela is one of those countries that has taken advantage of the opportunities offered by the world of cryptocurrencies to make a change and show a way before the difficult financial situation that the country faces due to government action.
I dare to say that many of the efforts we have seen with cryptocurrencies in Vezuela have been seen as a field of experimentation so that other countries can be implemented without any kind of discomfort due to the paradigm shift. The presence of currencies such as Dash, ETH, Zcash and obviously without forgetting BTC have been qualified to be part of their own culture that Venezuelans assume as a profitable alternative to obtain levels of quality of life lost over time due to the regime.
Venezuela has been and is part of a very dynamic movement towards digitization, more out of necessity than actually innovation, and this has made it a vanguard country for the adoption that many seek. Every essence of the cryptographic world has room to develop and mining is an activity that finds in this Latin American country room to grow and strengthen as a safe business.
Mining depends on many factors, all of them operating costs that have been increasing as less BTC is mined; The costs of energy and connection, the fixed income, in many places make this form of monetary decentralization unfeasible, however, few countries do not suffer from this association, among which is Venezuela.
Mining little by little has been forming a whole community, a way of life, a business of full growth, however, with the latest measures taken by the government, many are the doubts that arise and begin to manifest in a disagreement when having a unique mining pool for those teams that are in this country.
The truth, trust is a missing factor and the guarantee of not manipulating mining costs, commissions, rewards are very low. Everything seems to indicate that it is betting towards the control of users' BTC, perhaps it is a very fatalistic scenario, but the distance between the realities and needs of the government and the miners is very narrow.
I leave and clarify that this article is my own and you can even see the same writing published on my Publis0x blog under the following link.
https://www.publish0x.com/cryptographic-alchemy/venezuela-towards-a-single-mining-pool-xoljeqm
