Lacava offers $1,000 reward for reporting cryptocurrency farms in Carabobo
Translated from Spanish, summarized and contextualized by DistantNews.
TLDR
- The governor of Carabobo, Venezuela, Rafael Lacava, is offering a $1,000 reward for information on illegal cryptocurrency mining farms.
- This initiative aims to identify operations significantly increasing energy consumption in areas with essential services like hospitals, amid a severe electricity crisis.
- The announcement comes as Venezuela maintains a "total prohibition" on digital mining, with authorities attributing the power grid's strain to high temperatures and economic growth, while critics cite disinvestment and corruption.
In a bold move to combat the escalating electricity crisis plaguing Carabobo, Governor Rafael Lacava has announced a $1,000 reward for credible information leading to the identification of clandestine cryptocurrency mining farms. This unprecedented initiative targets operations that are reportedly siphoning vast amounts of energy, particularly in circuits designated for critical infrastructure such as hospitals.
Lacava's administration is grappling with a "dramatic electrical situation" in the state. Despite ongoing investigations, pinpointing the exact locations of these energy-intensive digital mining facilities has proven challenging. The governor's appeal to the public, requesting "correct and reliable" information and photographic evidence of the equipment used, underscores the urgency and difficulty of the situation.
This reward program is being implemented against a backdrop of a nationwide ban on digital mining, reiterated by the government of Delcy Rodrรญguez. Those caught engaging in illegal mining face severe sanctions. Official figures indicate that Venezuela's electrical system recently recorded its highest demand in nine years, a surge attributed by authorities to high temperatures and economic growth. However, specialists argue that years of underinvestment, neglect of maintenance, and corruption are the primary culprits behind the grid's fragility.
This is not the first time Governor Lacava has sought public assistance in tackling the issue. In 2024, he urged residents to report suspicious installations, though without offering financial incentives. Now, two years later, he is escalating his strategy by offering a dollar-denominated reward, signaling a determined effort to dismantle operations that he believes are exacerbating the already precarious state of Carabobo's and the nation's electrical system.
Yo voy a pagar mil dรณlares por cada informaciรณn correcta y fidedigna que me haga llegarle a gente que estรก minando.
Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.