Ethiopia was the new choice of Chinese Bitcoin (BTC) miners looking for cheap energy.
After China bans Bitcoin mining Kazakhistan And USA Chinese miners, who migrated to countries where electricity is cheap, set a new target for themselves.
According to the news provided by Bloomberg, the new favorite of Chinese miners is African country Ethiopia happened. Ethiopia, 2021 It is the largest hydroelectric project ever undertaken in Africa and The Nile founded on Renaissance Dam started the construction and final works of the dam It was completed as of last year.
It will be produced once the Rönesans Dam is ready. Chinese Bitcoin miners who see cheap electricity as an opportunity started to flock to this region.
Mining services provider Luxor Technology According to estimates, Ethiopia has already become one of the countries that purchase the most Bitcoin mining machines in the world. Luxor made its first major deals to ship equipment there in September, Chief Operating Officer Ethan Vera said.