Many people in Venezuela have turned to Bitcoin mining in a desperate attempt to fend off starvation and keep their families alive.
http://bitcoinist.com/starving-venezuelans-turn-to-bitcoin-m...
http://bitcoinist.com/starving-venezuelans-turn-to-bitcoin-m...
Cheap power has allowed people to operate Bitcoin miners without the usual accompanying cost. Reports have stated that successful Bitcoin miners can earn up to $500 a month, which is enough to fully feed and supply a family of four. As the country’s cash currency is essentially worthless, many businesses and people are now using bitcoins to exchange goods and services.
However, there is a fly in the ointment. President Maduro has begun cracking down on Bitcoin miners, calling them “capitalist parasites.” Yet trading bitcoins is still allowed. This has led to a number of miners being arrested on flimsy charges, which can occur as there are currently no cryptocurrency laws in Venezuela.