Venezuela will have a Bitcoin Mining Museum (BTC) so that visitors can enjoy the historical evolution of the equipment that has been used to extract the cryptocurrency.
The place will open its doors this Saturday, July 17 with a sample of the platforms used by miners since the beginning, such as CPUs, through GPUs and FGPAs, until reaching 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 formed the company CriptoAvila.
Their museum arises 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 company’s members, who spoke exclusively with CriptoNoticias.
We decided to take this step because, until now, there is not, or at least not publicly, any place where people can observe evolution and we consider it necessary. Each team, each brand and model that we will have on display has a story to tell, either because they have been transcendental in the history of mining or because they represented obstacles. Even within this story there are also scams with equipment that ended up harming many people who tried to mine bitcoin at the time.
Joan Telo, promoter of the Museum of Bitcoin Mining.
The museum is located in the Xerox Tower in Chacao, in Caracas, where you can go everyone interested in cryptocurrency mining. There they will be received by the promoters of the company, who will offer the tour for free .
In addition, the place has a model mine that will be used for visitors to learn how to build safe electrical installations to connect their own ASICs and all the details related to cryptocurrency mining.
Among the platforms on display is an ATI 5850 video card, considered one of the graphics card models for Bitcoin mining, as Telo tells it.
It was one of the best GPUs, but just when they began to be used there was a worldwide stock failure like the one we are experiencing now. It happened precisely because of the capacity of the cards for mining. It was the first time that there was a global inventory failure from bitcoin mining. Now our idea is to add equipment to the museum as we get them 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.
Latin America writes the new history of Bitcoin mining
Historically the Bitcoin mining always had its focus in China, where more than 60% of the network’s processing power was generated globally. However, the recent repression of that country against the extraction of cryptocurrencies, has forced the miners to look for other places to settle. Some have emigrated to Kazakhstan and others to North America, but Latin America seems to be writing a new history in this industry , given that El Salvador and Argentina stand out as countries with potential for mining Bitcoin.
Venezuela, even since last year, has been among the 10 countries with the greatest presence in Bitcoin mining . At that time, the Caribbean country registered 0.42% of the total hash rate, although occasionally that figure has been higher. Paraguay also had 0.29%, while countries such as Mexico, the Dominican Republic, Colombia, Argentina and others in Central America and the Caribbean offered figures that together represented more than 0.25%.
