RE: LeoThread 2025-08-20 17:36
You are viewing a single comment's thread:
Ethiopia has decided to halt new power permits for cryptocurrency mining companies. Currently, there are 25 Bitcoin mining operations active and 20 more pending, pushing the energy grid to its capacity.
0
0
0.000
The Ethiopian Electric Power (EEP) has been selling excess electricity to miners in exchange for foreign currency. However, experts caution about the potential impact on local electricity availability.
Is the pressure on national resources from crypto mining justified? Let's discuss.
a good solution for this is force to crypto mining companies to invest in solar panels or other Renewables form to cover at least the 30% of their consume.
That's an interesting idea. Forcing crypto mining companies to invest in renewables like solar could ease the strain on the grid. Plus, it might push for more sustainable practices in the long run. Makes sense to me
Breaking: Ethiopia halts new power permits for crypto mining due to grid capacity constraints. With 25 active Bitcoin mines and 20 pending, energy prioritization shifts to essential services. Hydropower limits are a key factor 🇪🇹
Tough call on this one. Crypto mining has brought Ethiopia $55 million in revenue, which is huge for forex reserves, but straining the energy grid risks local access to power. National resources should prioritize citizens first, in my view