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Venezuelans Risk “Energy Theft” Arrest and Police Extortion Mining Bitcoin (AFP) reports Venezuelans hard-hit by hyperinflation are still apt to mine the world’s most popular cryptocurrency, even though they’re subject to immediate arrest for energy theft, or even extortion, by police. Venezuelan Bitcoin Mining Continues Despite Government CrackdownVenezuelans’ Harsh RealityVenezuela’s national currency, the bolivar, has all but crashed. A petro-money state once thought to be a regional economic leader is no longer, as the bottom dropped out of the oil market with new discoveries in the United States and elsewhere of vast natural gas deposits. Famous for its cradle-to-grave promises, the government was forced to consider contracting social services, all in a time of political upheaval as its notoriously charismatic leader, Hugo Chavez, died, leaving a vacuum perfect for strife. Present-day, the International Monetary Fund (IMF) projects upwards of a seven hundred percent inflation rate this year alone. The country is seemingly unable to feed itself, according to the. Politics continues to be a dead-end for Venezuela, as in-fighting and recriminations mount, cites. And heading into 2018 it does not get a whole lot better for the country, as revised IMF projections are upwards of inflation rates along with a further decline in GDP of negative six percent.