Bitcoin

Angola

Africa is poised to become a major player in the Bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">mining industry</a>, driven by its growing hydropower capacity. Crypto analyst Jaran Mellerud highlighted this trend, emphasizing the continent's potential in a recent tweet, according to <a href="https://ultramining.com">Ultramining</a>. 
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 <img src="https://lh7-us.googleusercontent.com/hoVnuThMN8I37EhtiFsHAnM4oWYkEvKAJmJexauE0bU4kMKH_-bXG9sVi67BqoPuLc2coJ4JG4ehuDyzLv_vPztzxjMHWC1nHfpMcTempxbS_ESoUO_RT_oRTBdZ86NFLLaROigMSH37h7Z_bA8u7TA" alt="">
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The chart, sourced from Hashlabs, showcases the top 10 African countries by hydropower capacity. Ethiopia leads the pack with 4.1 GW, followed by Angola with 3.7 GW, and Egypt with 2.8 GW. DR Congo and Zambia both have 2.7 GW, while Mozambique and Nigeria have 2.2 GW and 2.1 GW, respectively. Ghana and Sudan round out the list with 1.6 GW and 1.5 GW each. 
Hydropower is a key factor for sustainable Bitcoin mining due to its low environmental impact and cost efficiency. This abundant renewable energy resource positions these African nations as attractive destinations for mining operations. With the increasing global focus on sustainable practices, African countries could see significant investment in their mining infrastructure. 
The potential growth of Bitcoin mining in Africa aligns with the global trend towards decentralization and diversification of mining locations. As countries like <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/">China</a> crack down on mining activities, Africa's untapped renewable energy resources become even more appealing. 
Given the continent's vast hydropower potential, it is likely that Bitcoin mining capacity will increase significantly in the coming years. This growth could bring economic benefits, including job creation and technological advancements, further bolstering Africa's position in the global cryptocurrency landscape.

Africa’s Hydropower Boom Paves Way for Bitcoin Mining Surge

Ultramining_Eng

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