Bitcoin (BTC) mining museum opens in Venezuela

Tue 20 Jul 2021 ▪ 15h35 ▪ 3 min read — by Rudy Bauer

A museum dedicated to Bitcoin mining opened in Venezuela last weekend. Visitors are invited to plunge into the world’s first cryptocurrency history from A to Z.

What’s inside?

The museum is located in the city of Caracas, and the entrance is free for everyone. The initiative belongs to Criptoavila, a private company which has been engaged in crypto mining for nine years straight.

According to the local media Criptonoticias, the exhibition showcases the evolution of Bitcoin mining from CPU (Central Processing Unit) and GPU (Graphics Processing Unit) mining to the era of ASICs (Application-specific Integrated Circuits).

Joan Teloto, the representative of Criptoavila, claims that one of the main goals of the newly-opened museum is to raise public awareness of the crypto industry. The company decided to take action since there was no similar place anywhere in the world and crypto devotees had no place to learn and share their knowledge. Criptoavila is determined to widen the range of exhibits and make the museum a world’s stellar example which will be looked up to by the upcoming followers. 

Sharp turn

Ironically, crypto mining has until recently been illegal in Venezuela. The authorities rigorously suppressed any related activity, arrested miners and confiscated their equipment. 

However, now anyone has the right to be engaged in crypto mining in the country. The National Superintendency of Cryptoassets and Related Activities (SUNACRIP) license is needed for that, though. Moreover, paying taxes in petro (PTR), the country’s national cryptocurrency, has been made possible for the citizens since January 2021. 

Crypto mining industry appears to be increasingly recognised by governments all around the world. Venezuela has become yet another country to embrace this innovative tech field. The Bitcoin mining museum opened its doors for all crypto lovers last weekend in Caracas. The founders are eager to develop further and prompt other cities and countries to follow their example and build more crypto educational centres for the public to know what is meant to pave the way to the future. 

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Rudy Bauer avatar
Rudy Bauer

Photographe, Vidéaste, webdesigner et enfin rédacteur pour CoinTribune: l'image, le digital et la blockchain sont mon dada.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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