July 29, 2021

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Venezuela: Bitcoin Mining Museum opens with historical exhibition

Venezuela will have a Bitcoin Mining Museum (BTC) so that visitors can enjoy the historical evolution of the equipment used to mine cryptocurrency.

The place will open its doors this Saturday 17 July with a sample of the platforms used by miners from the beginning, such as CPUs, through GPUs and FGPAs, through to the era of application-specific integrated circuits, better known as ASIC chips.

The initiative was developed by a group of entrepreneurs dedicated, for 9 years, to cryptocurrency mining in Venezuela, who set up the company CriptoAvila.

Their museum was born from the need to show the public how the equipment has evolved that “are part of the history of the ecosystem that is changing the world”, as explained by Joan Telo, one of the members of the company, who spoke exclusively with CriptoNoticias.

We decided to take this step because, until now, there is no, or at least not publicly, a place where people can observe evolution and we believe it is necessary. Every team, every brand and model that we will have on show has a story to tell, either because they have been transcendental in the history of mines or because they have represented obstacles. Even within this story there are also scams with equipment that ended up hurting many people who were attempting to mine bitcoins at the time.

Joan Telo, promoter of the Museum of Bitcoin Mining.

CryptoAvila Mineros Bitcoin Cryptocurrencies Venezuela
The new shop-museum opening in Caracas, Venezuela, will also offer the sale of equipment and spare parts, and technical assistance. Source: CriptoAvila.

The museum is located in the Xerox Tower in Chacao, Caracas, where you can go to anyone interested in cryptocurrency mining. There they will be received by the promoters of the company, who will offer the tour for free .

Also, the place has a mine of models that visitors will use to learn how to build secure electrical installations to connect your ASICs and all the details related to cryptocurrency mining.

Among the platforms on display is an ATI 5850 video card, considered one of the graphic card models for Bitcoin mining, as Telo tells us.

It used to be one of the best GPUs, but just as they started being used there was a worldwide inventory failure like the one we are experiencing now. It happened precisely because of the capacity of the mining cards. It was the first time that a global inventory error occurred due to bitcoin mining. Now our idea is to add equipment to the museum as we get it because we want to be a world reference in this issue of the evolutionary process of cryptocurrency mining.

Joan Telo, promoter of the Bitcoin Mining Museum.

Bitcoin Mining Depot Museum in Caracas, Venezuela.
CriptoAvila houses a museum with the different miners’ models for bitcoin, including examples dipped in coolant. Source: CriptoAvila.

Latin America writes the new history of Bitcoin mining

Historically, Bitcoin mining has always had its focus in China, where over 60% of the network’s processing power has been generated globally. However, that country’s recent crackdown on cryptocurrency mining has forced miners to look for other places to settle. Some emigrated to Kazakhstan and others to North America, but Latin America appears to be writing a new history in this area , as El Salvador and Argentina stand out as countries with potential for Bitcoin mining.

Venezuela, also since last year, was among the 10 countries with the largest presence in Bitcoin mining . At the time, the Caribbean country recorded 0.42% of the total hash rate, although that figure was occasionally higher. Paraguay also had 0.29%, while countries like Mexico, Dominican Republic, Colombia, Argentina and others in Central America and the Caribbean offered figures that together account for more than 0.25%.

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