Bitcoin Mining Museum opens with historical exhibition

Key facts:
  • The place has a model mine for visitors to learn about the activity.

  • Those interested in cryptocurrency mining will be able to appreciate the evolutionary process of the equipment.

Venezuela will have a Bitcoin (BTC) Mining Museum for visitors to enjoy the historical evolution of the equipment that has been used for mining the cryptocurrency.

Place it will open its doors this Saturday, July 17 with a sample of the platforms used by miners from 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.

Its museum arises from the need to show the public how teams have 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 no place, or at least not publicly, where people can observe evolution and we felt it was necessary. Each equipment, 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 computers that ended up hurting many people who tried to mine bitcoin at the time.

Joan Telo, promoter of the Bitcoin Mining Museum.

Crypto Avila Miners Bitcoin Cryptocurrencies Venezuela
The new store-museum that opens in Caracas, Venezuela, will also offer sale of equipment and parts, and technical service. Source: CryptoAvila.

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

In addition, the place it has a model mine that will be used for visitors to learn to build secure electrical installations to connect your 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 models of graphics cards for Bitcoin mining, as told by Telo.

It was one of the best GPUs, but just when they started to be used there was a global stock failure like the one we are living now. It happened precisely because of the capacity that the cards had for mining. It was the first time that there was a flaw in the global inventory by 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.

Bitcoin mining Museum store in Caracas, Venezuela.
CryptoAvila houses a museum with the different models of miners for bitcoin, including examples submerged in coolant. Source: CryptoAvila.

Latin America writes the new history of Bitcoin mining

Historically Bitcoin mining has always had its focus on China, where more than 60% of the network’s processing power was generated globally. However, that country’s recent crackdown on cryptocurrency mining has forced 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 Bitcoin mining.

Venezuela, even since last year, it has been ranked 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 occasionally that figure has been higher. Paraguay also had 0.29%, while countries such as Mexico, Dominican Republic, Colombia, Argentina and others in Central America and the Caribbean offered figures that together represented more than 0.25%.

Recent Articles

Related Stories