Venezuela's Ministry of Electric Power has announced a bold move to tackle the country's energy crisis by disconnecting cryptocurrency mining farms from the national grid. This decisive step aims to curb excessive energy consumption and ensure a stable power supply for the nation's residents. The move comes as no surprise, given the country's history of targeting crypto mining operations to address its energy woes.

The authorities are urging citizens to report any illegal mining activities, and a nationwide crackdown is already underway. Over 11,000 Bitcoin miners have been seized, and more mining farms are expected to be disconnected in the coming days. The governor of Carabobo state, Rafael Lacava, has emphasized that miners will not be allowed to continue operations while the population faces energy interruptions.

Venezuela's power supply has been notoriously unstable, with frequent blackouts affecting daily life and the economy since 2019. The crypto mining sector has been blamed for its significant strain on the power grid, and regulators are determined to take action. This move is part of a broader anti-corruption campaign, which has led to the arrest of several officials and the restructuring of the national crypto regulator, Sunacrip.

The legality of crypto mining remains uncertain in Venezuela, but one thing is clear: the government is determined to address its energy crisis and ensure a stable power supply for its citizens. The disconnection of mining farms from the grid is a drastic measure, but it may be necessary to mitigate the strain on the power grid and restore consistent supply to residents. Only time will tell if this move will have the desired effect.