Chinese Bitcoin Miners Find Haven in Ethiopia
Chinese Bitcoin miners flock to Ethiopia for low electricity costs amid global shifts. Despite a ban on trading, Ethiopia welcomes mining, balancing economic potential with societal concerns.
Xu LinChinese Bitcoin miners flock to Ethiopia for low electricity costs amid global shifts. Despite a ban on trading, Ethiopia welcomes mining, balancing economic potential with societal concerns.
Xu LinChinese Bitcoin miners are expanding to Ethiopia for cheap electricity and opportunities, but face challenges like regulatory uncertainty and environmental concerns, requiring a balanced approach for sustainable growth. Success depends on navigating these challenges while benefiting both the industry and the host country.
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Bitcoinist“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.
Cointelegraph