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Bitcoin Mining: Ethiopia's New Frontier (coinxposure.com)

submitted 8 months ago by 0x815@feddit.de to c/africa@baraza.africa

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Despite Ethiopia’s outlawing of physical cryptocurrency exchange, the country welcomes Bitcoin mining operations.

Bitcoin mining has become increasingly popular in Ethiopia since China expelled the industry from its territory in 2021.

After the prohibition was lifted, the largest corporations in China dispersed worldwide in search of new locations that would accommodate their energy-intensive business practices.

When cargo containers containing powerful mining computers appeared near electricity substations associated with the Grand Ethiopian Renaissance Dam last spring, that journey brought many individuals to Africa.

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[–] mwalimu@baraza.africa 0 points 8 months ago (1 children)

Cheap - relatively Reliable - hardly

Ethiopians in Addis (the capital) can go for a full day without lights. I would want to know whether they have a special connection with ET power company to avoid the extended blackouts.

[–] 0x815@feddit.de 0 points 8 months ago

I don't know, but I guess a major issue here is foreign influence as the report suggests.