Ethiopia
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Beyond just payments, Binance has opened up opportunities for me to participate in the crypto market here in Southern Ethiopia. While I'm cautious and always do my research, I allocate a portion of my earnings to trading various cryptocurrencies. Additionally, I use the savings features on Binance to earn interest on my stablecoin holdings, providing a better return than traditional savings accounts. It's about building a more secure financial future, one small step at a time, leveraging the power of digital assets. #Write2Earn #CryptoTrading #BinanceSavings #FinancialInclusion #Ethiopia
Beyond just payments, Binance has opened up opportunities for me to participate in the crypto market here in Southern Ethiopia. While I'm cautious and always do my research, I allocate a portion of my earnings to trading various cryptocurrencies. Additionally, I use the savings features on Binance to earn interest on my stablecoin holdings, providing a better return than traditional savings accounts. It's about building a more secure financial future, one small step at a time, leveraging the power of digital assets. #Write2Earn #CryptoTrading #BinanceSavings #FinancialInclusion #Ethiopia
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$ETH ka search interest is currently at bear market levels!
This is the time of MAXIMUM opportunity!
Smart people buy when everyone is asleep!
#Ethereum #Opportunity #Crypto #Ethiopia
This is the time of MAXIMUM opportunity!
Smart people buy when everyone is asleep!
#Ethereum #Opportunity #Crypto #Ethiopia
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#Ethiopia has become a mining hub #Bitcoin (BTC) due to several key factors attracting foreign miners, especially from #China .
Here are the main reasons:
1. Availability of Cheap Green Energy
- Ethiopia has abundant renewable energy sources, especially hydropower from the Grand Ethiopian Renaissance Dam (GERD).
- Electricity in Ethiopia is among the cheapest in the world, making the operational costs of Bitcoin mining much more efficient compared to other countries.
2. Supportive Government Policies
- The Ethiopian government is opening investment opportunities in the technology sector, including data centers and Crypto mining, through partnerships with companies like Data Center Service PLC (in collaboration with Chinese miners).
- Although the Central Bank of Ethiopia prohibits Crypto transactions, #penambangan Bitcoin is allowed as long as it is related to renewable energy-based investment projects.
3. Exodus of Chinese Miners to Ethiopia
- After China banned Crypto mining in 2021, many Chinese companies moved to Ethiopia to take advantage of cheap energy and a more stable climate compared to other African countries.
4. Developing Infrastructure
- Ethiopia is developing industrial and technology zones, including cooperation with China on digital infrastructure projects.
- Adequate internet connectivity and access to natural cooling (high altitude climate) help improve mining operation efficiency.
Challenges and Controversies
- Criticism over energy usage: Despite using green energy, Bitcoin mining is still criticized for potentially reducing electricity supply for the public.
- Regulatory uncertainty: The Ethiopian government still restricts the use of Crypto for financial transactions, making mining activities risky if policies change.
Conclusion:
Ethiopia has become a Bitcoin mining hub due to cheap green energy, open investment policies, and the arrival of Chinese miners. However, the future of this industry depends on regulatory stability and electricity availability in the future.
Here are the main reasons:
1. Availability of Cheap Green Energy
- Ethiopia has abundant renewable energy sources, especially hydropower from the Grand Ethiopian Renaissance Dam (GERD).
- Electricity in Ethiopia is among the cheapest in the world, making the operational costs of Bitcoin mining much more efficient compared to other countries.
2. Supportive Government Policies
- The Ethiopian government is opening investment opportunities in the technology sector, including data centers and Crypto mining, through partnerships with companies like Data Center Service PLC (in collaboration with Chinese miners).
- Although the Central Bank of Ethiopia prohibits Crypto transactions, #penambangan Bitcoin is allowed as long as it is related to renewable energy-based investment projects.
3. Exodus of Chinese Miners to Ethiopia
- After China banned Crypto mining in 2021, many Chinese companies moved to Ethiopia to take advantage of cheap energy and a more stable climate compared to other African countries.
4. Developing Infrastructure
- Ethiopia is developing industrial and technology zones, including cooperation with China on digital infrastructure projects.
- Adequate internet connectivity and access to natural cooling (high altitude climate) help improve mining operation efficiency.
Challenges and Controversies
- Criticism over energy usage: Despite using green energy, Bitcoin mining is still criticized for potentially reducing electricity supply for the public.
- Regulatory uncertainty: The Ethiopian government still restricts the use of Crypto for financial transactions, making mining activities risky if policies change.
Conclusion:
Ethiopia has become a Bitcoin mining hub due to cheap green energy, open investment policies, and the arrival of Chinese miners. However, the future of this industry depends on regulatory stability and electricity availability in the future.
JUST IN: ETHIOPIAN ELECTRIC POWER EARNS 18% OF REVENUE FROM BITCOIN MINING USING EXCESS ENERGY.
🚨🇪🇹 JUST IN: Ethiopian Electric Power Earns 18% of Revenue from Bitcoin Mining Using Excess Energy from Grand Ethiopian Renaissance Dam ⚡💰 $BTC
In a groundbreaking move, Ethiopian Electric Power (EEP) has revealed that it now earns 18% of its revenue from Bitcoin mining, utilizing excess electricity generated by the Grand Ethiopian Renaissance Dam (GERD). This innovative use of renewable energy for crypto mining marks a significant step in the country's push to harness its vast hydroelectric power for economic growth.
Key Highlights:
Harnessing Hydroelectric Power: The Grand Ethiopian Renaissance Dam, one of Africa’s largest hydroelectric projects, produces a significant amount of excess electricity. By directing this surplus energy into Bitcoin mining, Ethiopia is maximizing the utility of its renewable energy resources.Bitcoin Mining as a Revenue Stream: EEP’s Bitcoin mining initiative has become a key revenue generator, contributing to 18% of its total income. This is a substantial boost for Ethiopia’s economy, especially as it aims to diversify its income sources beyond traditional industries.Sustainable Mining: Using hydroelectric power to mine Bitcoin is a more environmentally sustainable alternative compared to the energy-intensive practices seen in other countries. This approach positions Ethiopia as a potential leader in green crypto mining in Africa.Potential for Future Growth: This move could serve as a model for other African nations with untapped renewable energy potential. With global interest in Bitcoin mining, Ethiopia’s use of clean energy could attract further investment into the country’s crypto and tech sectors.
What’s Next?
Ethiopia’s success in leveraging its renewable energy for Bitcoin mining could lead to a broader adoption of similar models in other countries, particularly in Africa, where there is significant untapped energy capacity. As global interest in Bitcoin continues to rise, the country’s efforts may help position it as a key player in the global crypto economy.
Stay tuned for more updates on this exciting development! 🌍⚡#Ethiopia #btcmining #BitwiseBitcoinETF
In a groundbreaking move, Ethiopian Electric Power (EEP) has revealed that it now earns 18% of its revenue from Bitcoin mining, utilizing excess electricity generated by the Grand Ethiopian Renaissance Dam (GERD). This innovative use of renewable energy for crypto mining marks a significant step in the country's push to harness its vast hydroelectric power for economic growth.
Key Highlights:
Harnessing Hydroelectric Power: The Grand Ethiopian Renaissance Dam, one of Africa’s largest hydroelectric projects, produces a significant amount of excess electricity. By directing this surplus energy into Bitcoin mining, Ethiopia is maximizing the utility of its renewable energy resources.Bitcoin Mining as a Revenue Stream: EEP’s Bitcoin mining initiative has become a key revenue generator, contributing to 18% of its total income. This is a substantial boost for Ethiopia’s economy, especially as it aims to diversify its income sources beyond traditional industries.Sustainable Mining: Using hydroelectric power to mine Bitcoin is a more environmentally sustainable alternative compared to the energy-intensive practices seen in other countries. This approach positions Ethiopia as a potential leader in green crypto mining in Africa.Potential for Future Growth: This move could serve as a model for other African nations with untapped renewable energy potential. With global interest in Bitcoin mining, Ethiopia’s use of clean energy could attract further investment into the country’s crypto and tech sectors.
What’s Next?
Ethiopia’s success in leveraging its renewable energy for Bitcoin mining could lead to a broader adoption of similar models in other countries, particularly in Africa, where there is significant untapped energy capacity. As global interest in Bitcoin continues to rise, the country’s efforts may help position it as a key player in the global crypto economy.
Stay tuned for more updates on this exciting development! 🌍⚡#Ethiopia #btcmining #BitwiseBitcoinETF
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BIT Mining Reuses Bitcoin Miners Thanks to Record Low Energy Costs in Ethiopia
Opportunities from Cheap Electricity Costs in Ethiopia
BIT Mining has invested $14 million to expand its operations in Ethiopia, including 51 MW of power and nearly 18,000 Bitcoin mining machines. This is an important step in the strategy of reusing old mining machines, which are no longer effective in the US due to high electricity costs.
According to Dr. Youwei Yang, chief economist of BIT Mining, electricity costs in Ohio are 70% or more higher, causing older mining machines to quickly become obsolete. Meanwhile, moving these machines to Ethiopia can extend their lifespan by 2 years, optimizing profits.
BIT Mining has invested $14 million to expand its operations in Ethiopia, including 51 MW of power and nearly 18,000 Bitcoin mining machines. This is an important step in the strategy of reusing old mining machines, which are no longer effective in the US due to high electricity costs.
According to Dr. Youwei Yang, chief economist of BIT Mining, electricity costs in Ohio are 70% or more higher, causing older mining machines to quickly become obsolete. Meanwhile, moving these machines to Ethiopia can extend their lifespan by 2 years, optimizing profits.
Alibaba Set to Enter Ethiopian Market 🇪🇹
#EthiopianBankGlitch #Ethiopia #EthiopianBirr #Ethiopian #Habesha
#EthiopianBankGlitch #Ethiopia #EthiopianBirr #Ethiopian #Habesha
#Write2Earn
How I Pay for Online Courses Using Crypto in Addis 🇪🇹
As a computer science student in Ethiopia, I couldn't access international courses because:
❌ No international debit card
❌ Bank transfers too expensive
Now I:
1) Earn USDT by freelancing (graphic design)
2) Use Binance P2P to convert to local cash
3) Pay for Coursera/Udemy with crypto!
Crypto = Education access! Who else is learning this way? #Write2Earn #Ethiopia
$USDC
How I Pay for Online Courses Using Crypto in Addis 🇪🇹
As a computer science student in Ethiopia, I couldn't access international courses because:
❌ No international debit card
❌ Bank transfers too expensive
Now I:
1) Earn USDT by freelancing (graphic design)
2) Use Binance P2P to convert to local cash
3) Pay for Coursera/Udemy with crypto!
Crypto = Education access! Who else is learning this way? #Write2Earn #Ethiopia
$USDC
hamste kombat air drop is listing on our app cheack it and transact $HMSTR you can covert any exchange from$BTC $BNB and other and visversal
#HMSTRonBinance #BinanceLaunchpoolHMSTR #Ethiopia #EthiopianBirr
#HMSTRonBinance #BinanceLaunchpoolHMSTR #Ethiopia #EthiopianBirr
Earning 50 USDT in just one day is possible
here are three ways you to make that happen:-
በአንድ ቀን ውስጥ 50 USDT ለማግኝት እነዝህን ሶስት መንገዶች ይጠቀሙ::
1. Cryptocurrency Trading:-If you have experience in trading cryptocurrencies, you could try to make profitable trades on exchanges. However, keep in mind that trading involves significant risk and it's possible to incur losses. You can also try P2P in #Ethiopia 🇪🇹, a very simple way to get more money in local currency.
2. Freelancing or Gig Work:-You could offer your skills on freelance platforms or gig economy websites to earn money. This could include services like graphic design, writing, or programming.
3. Online Surveys and Rewards:- Participate in online surveys or use platforms that offer rewards for various tasks. While the earnings may not be substantial, they can add up over time.
If get in to the right platform you will make more than 50/day Remember that achieving this in one day is not guaranteed and may depend on various factors, including your skills, opportunities, and luck.
#AbenezerGo #Ethiopia
here are three ways you to make that happen:-
በአንድ ቀን ውስጥ 50 USDT ለማግኝት እነዝህን ሶስት መንገዶች ይጠቀሙ::
1. Cryptocurrency Trading:-If you have experience in trading cryptocurrencies, you could try to make profitable trades on exchanges. However, keep in mind that trading involves significant risk and it's possible to incur losses. You can also try P2P in #Ethiopia 🇪🇹, a very simple way to get more money in local currency.
2. Freelancing or Gig Work:-You could offer your skills on freelance platforms or gig economy websites to earn money. This could include services like graphic design, writing, or programming.
3. Online Surveys and Rewards:- Participate in online surveys or use platforms that offer rewards for various tasks. While the earnings may not be substantial, they can add up over time.
If get in to the right platform you will make more than 50/day Remember that achieving this in one day is not guaranteed and may depend on various factors, including your skills, opportunities, and luck.
#AbenezerGo #Ethiopia
🪙 BIT Mining expands in Ethiopia
📈 Chinese company BIT Mining has finalized a deal to acquire a mining facility in Ethiopia, which includes 18,000 rigs with a total capacity of 51 MW.
✅ The partially unfinished construction cost the company $14.32 million.
Electricity costs in Ethiopia are 70% lower than at BIT Mining's other facilities, allowing the company to utilize older equipment effectively.#btc #mining #Ethiopia #USJobOpeningsSurge #MicroStrategyAcquiresBTC
📈 Chinese company BIT Mining has finalized a deal to acquire a mining facility in Ethiopia, which includes 18,000 rigs with a total capacity of 51 MW.
✅ The partially unfinished construction cost the company $14.32 million.
Electricity costs in Ethiopia are 70% lower than at BIT Mining's other facilities, allowing the company to utilize older equipment effectively.#btc #mining #Ethiopia #USJobOpeningsSurge #MicroStrategyAcquiresBTC
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