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Author: Admin | 2025-04-27
"express kidnapping," a common occurrence in a city that resembles a war zone after dusk. He was seemingly a random target, with the assailants unaware that he was a bitcoin miner. Over the next few days, Luis paid back his ransom debt by selling some bitcoins for U.S. dollars. As violent crime and the economic crisis persist, many of the nation's bitcoin miners are looking for an exit. Luis and Alberto are arranging to leave Venezuela as soon as they can get their affairs in order. Their plan is to head with a group of friends to Argentina, which they chose because the country is "emerging from disaster," Luis says. Alberto is also considering applying for a U.S. work visa. He's already mulling his next business venture—commercializing his version of a small computer called a "controller" that restarts bitcoin mining operations when technical failures occur. Alberto invented the machine, which he says is singularly effective, in an effort to minimize risky foot traffic in and out of his computing centers. Some of his partners have agreed to stay and watch over his mining operation, but ultimately Alberto says he has no choice but to walk away. The security problems have simply become untenable: Who wants to live in a country where you can't walk the streets at night without armed guards? For Luis, his kidnapping was the breaking point. "I lost hope in Venezuela," he says. "If you behave well, despite the fear, you will end up getting damaged in
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