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Venezuelans mining bitcoin to fight inflation

Growing underground effort to escape effects of a crippling economic and political crisis

Published Sun, Oct 22, 2017 · 09:50 PM
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Caracas

INSIDE a locked room in an office building in Caracas, 20 humming computers use their data-crunching power to mine bitcoins, an increasingly popular tool in the fight against Venezuela's hyperinflation.

In warehouses, offices and homes, miners are using modified computers to perform complex computations, essentially book-keeping for digital transactions worldwide, for which they earn a commission in bitcoins.

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