It seems that situation may come to change fairly soon. Increasing access to such areas of the world is an important initiative, and several developments may broaden access outside of solely the proliferation. Energy is the key ingredient to Bitcoin mining. Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020.. The long answer… it’s complicated. This oil, instead of being stuck at sea, would be put to much better use. Source. The continuous drops in Bitcoin value has meant that mining Bitcoin barely bitcoin mining venezuela invest covers the maintenance fees behind mining. Wallet Bitcoin - Earn 4. As shown in the ranking, China has 65.08% of the total hashrate. In countries like Venezuela, Zimbabwe, and Argentina, the situation for investing in Bitcoin hinges more on a legitimate need to seek alternative currencies due to adverse economic conditions. Now, a decree published by the regulators in the nation mandates that all Bitcoin mining operations be operated on a national pool, along with other regulations in place Venezuela is further expanding its crypto foothold in what seems to be a tact towards salvaging the country’s economy while evading imposed sanctions, especially by the United States.