Bitcoin

Ethiopia is becoming one of the most important players in the worldwide Bitcoin mining market. The country’s lowest electricity cost and the government’s investment in the power sector makes Ethiopia an ideal country for crypto mining. Current trends show that 600MW of energy is being used in Bitcoin mining activities in Ethiopia, with more to follow by the end of this year.Government and Industry SupportIn an X post on Tuesday, Ethan Vera, co-founder of a leading Bitcoin mining service provider, highlighted the country&#39;s increasing role in the cryptocurrency mining sector. Ethiopian Electric Power (EEP), the government-owned electricity supplier, has endorsed Bitcoin mining with an existing operation using 600MW.In particular, the energy provider shared intentions to further expand the capacity by several hundred MWs in the following months. Ethan Vera recently visited several mining farms in Ethiopia. Others from the industry and Ethiopian government officials were present during Vera’s visit.Ethiopia&#39;s mining operations mainly use mid-generation mining rigs with Antminer S19J Pro and Avalon A1346 models. These machines have a hashrate capacity of approximately 100 TH/s (Terahashes per second). All of the units have an energy efficiency of 30 joules per terahash (J/TH).<a href="https://cryptotale.org/ethiopia-rises-as-a-global-btc-mining-hub-with-600-mw-power/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethiopia Rises as a Global BTC Mining Hub With 600 MW Power

CryptoTale

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