Ethiopia is rapidly advancing in Bitcoin mining, leveraging low-cost renewable energy to power operations consuming 600 MW. While promising, addressing electricity access remains crucial for growth.
Huang BoEthiopia has become one of the world's largest recipients of Bitcoin mining machines. This article analyzes Ethiopia's crypto tax system, especially the types and rates of taxes that mining companies may be subject to.
JinseFinanceChinese Bitcoin miners flock to Ethiopia for low electricity costs amid global shifts. Despite a ban on trading, Ethiopia welcomes mining, balancing economic potential with societal concerns.
Xu LinChinese Bitcoin miners are expanding to Ethiopia for cheap electricity and opportunities, but face challenges like regulatory uncertainty and environmental concerns, requiring a balanced approach for sustainable growth. Success depends on navigating these challenges while benefiting both the industry and the host country.
JoyThe Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities.
OthersBitcoin uses half the energy that is wasted every year in the U.S.
BeincryptoCryptocurrency service providers that are operating in Ethiopia have been instructed to register with the nation's cybersecurity agency. The cybersecurity ...
Bitcoinist
NulltxNulltx“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.
Cointelegraph