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Venezuelans mining bitcoin to fight inflation
Growing underground effort to escape effects of a crippling economic and political crisis
Add BT as a preferred sourcePublished Sun, Oct 22, 2017 · 09:50 PM
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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