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Ethiopia: The New Hotspot for Miners
Despite a ban on cryptocurrency transactions, Ethiopia has permitted Bitcoin mining since 2022. This regulatory paradox has created a massive opportunity.
Chinese miners are flocking here, seeking cheap and abundant hydropower generated by the colossal Grand Ethiopian Renaissance Dam (GERD).
This influx isn't just a minor trend—it's a global shift in the mining landscape! The combination of low energy costs and a government keen on foreign currency earnings is making Ethiopia a silent giant in the crypto world.
Will this 'hydro-powered hash' continue to grow, or will the domestic transaction ban eventually clash with its mining ambition? The future of crypto's geographic decentralization might just be flowing through the Nile.
#USGovShutdownEnd?
$ETH
$SOL
$ZEC
#BitcoinMining
#EthiopiaCrypto
#HydroPower
#GERD
Despite a ban on cryptocurrency transactions, Ethiopia has permitted Bitcoin mining since 2022. This regulatory paradox has created a massive opportunity.
Chinese miners are flocking here, seeking cheap and abundant hydropower generated by the colossal Grand Ethiopian Renaissance Dam (GERD).
This influx isn't just a minor trend—it's a global shift in the mining landscape! The combination of low energy costs and a government keen on foreign currency earnings is making Ethiopia a silent giant in the crypto world.
Will this 'hydro-powered hash' continue to grow, or will the domestic transaction ban eventually clash with its mining ambition? The future of crypto's geographic decentralization might just be flowing through the Nile.
#USGovShutdownEnd?
$ETH
$SOL
$ZEC
#BitcoinMining
#EthiopiaCrypto
#HydroPower
#GERD
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