Chinese Bitcoin miners, who have been forced out of their nation, are now looking in the direction of Africa, particularly Ethiopia. This shift is inspired by the attraction of economical power resources.
The Grand Ethiopian Renaissance Dam, Africa’s largest, stands at the heart of this brand-new fad.
Could Ethiopia potentially lure Bitcoin miners?
The mix of Ethiopia’s budget friendly power prices, which are amongst the most affordable around the world, and its helpful government policies towards Bitcoin mining, has actually made the country an attractive area for Chinese companies associated with this sector.
Source:
CryptoNow
