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Venezuelans mining bitcoin to fight inflation

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

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Transactions in bitcoin amounted to US$1.1 million in Venezuela in the last week of September, according to the LocalBitcoins portal.

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...

sentifi.com

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