Tesla S is using for bitcoin mining

Tesla owner uses vehicle’s supercharger for mining of the bitcoin
04 December

For this goal the Tesla S electric car owner installed a bitcoin mining computer in the trunk of the car. He uses the free power from the supercharger of his vehicle. The mining rig is then charged by the car’s supercharger. It could be very lucrative for car owner, because his only major investment is the cost of the mining rig itself and the accessories with associated equipment.

The use of the superchargers of electric vehicles for example the Tesla model may be a good idea, but some issues may originate. Among these troubles is the possibility that the mining rig could produce so much heat that could damage the car’s internal parts. The car’s battery pack could also be easily damaged when used continuously for Bitcoin mining.

Tesla or other electric car owners should decide carefully if they want to use this approach to mine cryptocurrencies due to its potential negative effects on the performance of their cars. Also can use of renewable energies for example solar panels.

Venezuelan miners must register with authorities

Registration for miners is the first step of big legal framework for cryptocurrencies in Venezuela
14 December

Due to hyperinflation and financial crysis, cryptocurrency and mining had become very popular in Venezuela. And as we all know, when cryptocurrency becomes popular in any country, governments always try to regulate, as they see it. Venezuela is not an exception. 

The Venezuelan government is working on the legal framework to tax and regulate cryptocurrency mining. As a first step, it is trying to create a detailed registry of the country's miners. Carlos Vargas, recently appointed as the first "superintendent of Venezuelan cryptocurrency" by President Nicolás Maduro, announced the plan at a press conference on Tuesday. This is reported by the Crypto Noticias. 

We want to know who they are, we want to know where they are, we want to know what equipment they are using. 

Carlos Vargas

Venezuelan Government

Additionally, Venezuelan police have continued arresting cryptocurrency miners.

On December 9, a police team raided a warehouse in the city of Barquisimeto, seizing 21 mining computers and arresting 31-year-old Daniel Andrés Di Bartolomeo Viloria. He was accused of money laundering, illicit enrichment, computer crimes, financing terrorism, exchange fraud, and damage to the national electric system.

Digital currency is not endorsed by any banking institution in the world nor has it been approved by any country. The currency is being marketed with legal appearance but in essence it operates in secret.

Venezuelan Police Statement

Proponents of the new registry say it will create a way for bitcoin miners to operate with legal protections.