Daniel Batten
Daniel Batten|Jun 29, 2025 03:29
Ethiopia made over 55 million in just 10 months by mining Bitcoin. This electricity would otherwise have gone to waste because Ethiopian Electric Power (EEP) hasn't yet built the transmission lines to supply all that electricity generated. So, in the meantime the dam authorities sell electricity to Bitcoin mining companies, contribuing 18% of EEPs total revenue last year. With the extra profit, they fast-track the building of new transmission lines so they can get that extra electricity to people sooner. It's an incredible and inspiring story, backed up by data. But rather than embark on data-driven reporting, @CryptoRank_io instead perpetuated the baseless myth that Bitcoin mining is taking power away from other people. No interviews with EEP. No interviews with the Bitcoin mining community in Ethiopia. No data. Instead, as we can see in the passage below, they hand an uncontested mic to a nebulous group simply called "critics" to lay down a pot pouri of lazy insinuations that Bitcoin miners are competing with other users of power, (whereas the data shows Bitcoin mining co's are helping them get access to power earlier). Not sure whether its ignorance, or intentionally misleading content. I'll assume the former, but either way, the article stinks: Do better Crypto Rank!
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads