Wu said that according to Luxor co-founder and COO Ethan Vera, Ethiopia's Bitcoin mining computing power has reached 600MW, and it is expected that several hundred megawatts of mining machines will be online this year. Vera said that miners mainly use Antminer S19J Pro and Avalon A1346 models. Thanks to the low local electricity costs, Ethiopia has become an ideal place to use such mining machines. According to estimates, this mining capacity accounts for about 2.5% of the global Bitcoin network computing power.