Ethiopia Cuts Bitcoin Mining Power 77% as Reservoirs Dry Up
The utility slashed supply after a severe drought. Miners were taking a third of the grid.
Ethiopia had about 31 mining operations drawing an estimated 750 MW, or 33% of national power. Drying reservoirs forced the cut, so most of that hash load just lost juice. A 77% reduction is not a fine. It is most of the local mining fleet going dark until water and generation recover.
Key Details:
- Power cut to miners: 77%
- Reason: drought, drying reservoirs
- Miners: 31 operations
- Share of national power: 33%
- Estimated mining demand: 750 MW
This is a host-country energy shock, not a protocol change. Cheap hydro made Ethiopia a mining destination. When the dams run low, hash rate leaves. Global difficulty will absorb some of that. Local operators will not.
Ethiopia Mining: 77% Power Cut, 750 MW Was on the Grid
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XRP
The utility slashed supply after a severe drought. Miners were taking a third of the grid.
Ethiopia had about 31 mining operations drawing an estimated 750 MW, or 33% of national power. Drying reservoirs forced the cut, so most of that hash load just lost juice. A 77% reduction is not a fine. It is most of the local mining fleet going dark until water and generation recover.
Key Details:
- Power cut to miners: 77%
- Reason: drought, drying reservoirs
- Miners: 31 operations
- Share of national power: 33%
- Estimated mining demand: 750 MW
This is a host-country energy shock, not a protocol change. Cheap hydro made Ethiopia a mining destination. When the dams run low, hash rate leaves. Global difficulty will absorb some of that. Local operators will not.
Ethiopia Mining: 77% Power Cut, 750 MW Was on the Grid
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XRP
