#AlJazeera Bitcoin boom: Ethiopia powers cryptocurrency mining
Bitcoin boom: Ethiopia powers cryptocurrency mining
Ethiopia’s government has ended a freeze on licensing Bitcoin mining companies.
The process is energy intensive and the national electricity grid was struggling to meet demand.
But the country’s new mega-dam, Africa’s largest, now means there’s a surplus of power until more of Ethiopia is connected to the grid.
Al Jazeera’s Bernard Smith reports from Addis Ababa.
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