Venezuela to pre-mine Petro and launch in 6 weeks

On the next day after "Petro" was declared illegal by parlament, the government of president Nicolas Maduro announced plans to pre-mine it
12 January   132

A day after the parliament declared Venezuela's "oil-backed" crypto currency illegal, the country's government, led by President Nicolas Maduro, announced plans for a "petro" premine. It is expected that the new crypto currency will be released in six weeks. This is reported by Bitcoin. com.

The petro will not be minable but [will be] pre-mined, that is, the complete emission will be under the control of the country. In addition, it will be assigned with a procedure similar to that of an auction. In a period of a month and a half, the sale of the petro cryptocurrency will take place” and people will be able to create their digital wallets.

Carlos Vargas

The Venezuelan Superintendent of Cryptocurrencies and Related Activities

What exactly is the crypto-currency platform is meant, Vargas did not specify. However, the most famous platform that is often used to create such tokens is the Ethereum blockсchain system with its ERC20 standard, which just means a pre-main.

As one of the Reddit users noted, the image of the Ethereum token can be found on the website of the Venezuelan Ministry of Communications; In the title of this file there is the word "petro".

Mining crypto currency is considered illegal in Venezuela. Earlier, Venezuelan miners had already been arrested for stealing electricity. However, according to Vargas, mining brings a big profit, which, accordingly, is a financial injection: "People will be able to engage in mining without fear of persecution. All these miners are invited to a meeting devoted to topical issues. 

The parliament's decision to recognize the new crypto currency illegal Vargas called disregard for its own country, explaining this by saying that "petro" gives Venezuelans an instant opportunity to protect themselves from inflation.

Opera Launches Mining Protection in Mobile Browsers

Opera's protection against cryptocurrency mining scripts is already available, and the browser can be downloaded from the Google Play or the App Store
22 January   209

Opera web browser announced on January 22 that it launches protection against cryptocurrency mining scripts to its mobile browsers. Opera has already introduced the feature to its desktop products called NoCoin.

The new anti-cryptocurrency mining feature is activated by default when enabling the ad blocker on Opera Mini and Opera for Android. The ad blocker can be enabled in “Settings”, and it will automatically detect and stop the mining scripts written into the coding of a webpage.

Opera mining protection

According to the company, more than a billion people worldwide is estimated to be affecting hidden cryptocurrency mining scripts, causing their devices to run warm, become slower and eat up their batteries.

When you browse the web, there are no visual clues that your device is exposed to mining. A single webpage you visit can take up to 4.5 hours of your battery time, if you keep the tab open. This often turns out to be just the battery time you needed to use a ride-hailing app or check the map to get home.


Jan Standal

VP Product Marketing, Opera

After several tests of the Opera browsers for smartphones performed on Samsung Galaxy S8 and HTC One, developers at Opera determined that scripts mining for cryptocurrencies can increase the smartphones’ CPU usage up to 100%. This can cause increased battery draining and make the phone overheat.

According to the company, Opera's new feature is already available, and the browser can be downloaded from the Google Play or the App Store.