Saturday , September 25 2021

The Bitcoin Mining Museum opens with a historical exhibit

Basic elements:
  • The site has a mine for visitors to learn about the activity.

  • Those interested in cryptocurrency mining will appreciate the evolving process of the equipment.

Venezuela will have a Bitcoin Mining Museum (BTC) so that visitors can enjoy the historic development of the equipment used to export the cryptocurrency.

The place will open its doors on Saturday 17 July by sampling the platforms used by miners from the beginning, such as CPU, via GPU and FGPA, to the era of integrated circuits for specific applications, known as ASIC chips.

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

His museum comes from the need to show the public how the teams evolved “It’s part of the history of the ecosystem that is changing the world,” said Joan Telo, one of the members of the company, who spoke exclusively to CriptoNoticias.

We decided to take this step because, so far, there is no, or at least no public, place where people can observe evolution and we thought it was necessary. Every team, brand and model we have exhibited has a story to tell, either because they were transcendental in the history of mining or because they represented obstacles. Even in this story there are also scams with equipment that ended up hurting many people who tried to mine bitcoin at that time.

Joan Telo, supporter of the Bitcoin Mining Museum.

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

The museum is located in the Xerox Tower in Chacao, Caracas, where anyone interested in cryptocurrency mining can attend. There they will be picked up by the company’s supporters, who will offer the tour for free.

Also the place has a mine model that will be used for visitors to learn to build secure electrical installations to connect their own ASICs and all details related to cryptocurrency mining.

Among the platforms that appear is an ATI 5850 video card, which is considered one of the models of graphics cards for Bitcoin mining, as Telo says.

It was one of the best GPUs, but once it started to be used, there was a global stock failure like the one we are experiencing now. This is precisely because of the cards’ ability to extract. It was the first time there was a global stock failure from bitcoin mining. Now our idea is to add equipment to the museum as we have it, because we want to become a global reference to this issue of the evolutionary process of cryptocurrency mining.

Joan Telo, supporter of the Bitcoin Mining Museum.

Museum of a bitcoin mining shop in Caracas, Venezuela.
CriptoAvila houses a museum with various mining models for bitcoin, including examples submerged in refrigerant. Source: CriptoAvila.

Latin America is writing the new history of Bitcoin mining

Historically, Bitcoin mining has always focused on China, where more than 60% of the network processing power was generated worldwide. However, the country’s recent crackdown on cryptocurrency exports has forced miners to look elsewhere to settle. Some have migrated to Kazakhstan and others to North America, but Latin America seems to be writing a new story in this industry, as El Salvador and Argentina stand out as countries with Bitcoin mining potential.

Venezuela, even since last year, has been registered among the 10 countries with the largest presence in Bitcoin mining. At that time, the Caribbean country recorded 0.42% of the total fragmentation rate, although occasionally this percentage was higher. Paraguay also had 0.29%, while countries such as Mexico, the Dominican Republic, Colombia, Argentina and others in Central America and the Caribbean provided data that together accounted for more than 0.25%.

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