{"id":72245,"date":"2026-05-08T20:23:44","date_gmt":"2026-05-08T20:23:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/venezuela-upholds-crypto-mining-ban-as-power-demand-hits-9-year-peak\/"},"modified":"2026-05-08T20:23:44","modified_gmt":"2026-05-08T20:23:44","slug":"venezuela-upholds-crypto-mining-ban-as-power-demand-hits-9-year-peak","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/venezuela-upholds-crypto-mining-ban-as-power-demand-hits-9-year-peak\/","title":{"rendered":"Venezuela Upholds Crypto Mining Ban as Power Demand Hits 9-Year Peak"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">On May 7, peak 15,579 MW demand prompted Venezuela to reiterate bitcoin mining ban measures.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The ban impacts local miners, mirroring a 2024 Russian Energy Ministry policy that saved 300 MW.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Despite bans, reports explain that bitcoin mining offers untapped potential in harnessing stranded energy sources.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Venezuela Reiterates <span>Crypto<\/span> Mining Ban, Says Illicit Mining Activities Will be Sanctioned<\/h2>\n<p> <span>Cryptocurrency<\/span> mining, as an energy-intensive activity, keeps facing restrictions in several countries due to its impact on local energy grids.<\/p>\n<p>The government of Venezuela issued a statement reiterating the ongoing ban on digital mining operations, as the country faces peak energy demand, prompting power rationing measures affecting citizens.<\/p>\n<p><\/p>\n<p>The <a href=\"https:\/\/x.com\/AlMomento_M\/status\/2052506612670124431\" target=\"_blank\" rel=\"noopener noreferrer\">statement<\/a> stressed that on May 7, the National Electric System experienced a peak demand of 15,579 MW, the highest number in 9 years, attributing this rise to an ongoing heat wave and the continued growth of the country\u2019s economy.<\/p>\n<p>Regarding <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> mining, it states that <strong>\u201cthe absolute ban on digital mining in the national territory is upheld. Those who illegally use this activity will be sanctioned as the law establishes.\u201d<\/strong> Furthermore, authorities established an oversight plan to fulfill this order.<\/p>\n<p>The government also cited international sanctions as a factor in the difficulties of recovering and maintaining the national electric system, and called on private companies to make effective use of their self-generating capabilities to help maintain the grid\u2019s stability.<\/p>\n<p>Finally, the government announced it will present a plan to recover and transform the nation\u2019s grid.<\/p>\n<p>Even with these difficulties, reports indicate that Venezuela shows untapped potential for <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-mining\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin mining<\/a>, as <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> operations could be set near generation sources to <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a> power that cannot be transmitted due to a lack of infrastructure.<\/p>\n<p>The measure is similar to what the Russian government has applied in regions like Siberia since 2024, which are also affected by energy shortages. In February 2025, the Russian Energy Ministry stated that these measures helped to lessen the load on the Siberian grid by more than 300 MW, making it possible to avoid restrictions.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/venezuela-upholds-crypto-mining-ban-as-power-demand-hits-9-year-peak\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways On May 7, peak 15,579 MW demand prompted Venezuela to reiterate bitcoin mining ban measures. The ban impacts local miners, mirroring a 2024 Russian Energy Ministry policy that saved 300 MW. Despite bans, reports explain that bitcoin mining offers untapped potential in harnessing stranded energy sources. [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72245"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72245"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72246"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}