
Ethiopia is harnessing hydroelectric power from the Grand Ethiopian Renaissance Dam to fuel Bitcoin mining, generating 18% of Ethiopian Electric Power's income and attracting over $1 billion in investments within a year. With low electricity costs of 3.2 cents per kilowatt-hour, the country has become a global hub for Bitcoin mining, surpassing revenue from electricity exports and drawing international miners after China’s mining ban. Across Africa, renewable energy-powered Bitcoin mining is driving economic growth, rural electrification in Kenya and Zambia, and conservation efforts in places like Virunga National Park. Is Bitcoin good or bad for the environment? Source: Crypto Daily
