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 Chinese Bitcoin miners, pushed from their homeland, are finding a new frontier in Africa, especially Ethiopia, drawn by cheap electricity rates. The Grand Ethiopian Renaissance Dam is central to this shift, offering a mix of low-cost energy and a government open to mining. But with nearly half of Ethiopia's population living without electricity, the move raises questions about balancing industry growth with local energy needs. This scenario echoes the rise and fall of Bitcoin mining in Kazakhstan post-China's 2021 ban.
https://beincrypto.com/wp-content/uploads/2024/02/image-51.png.webp 
 nice 
 The story is valid,The east African nation has emerged as a haven for Chinese bitcoin miners, who were forced out of their home country after Beijing imposed a crypto ban. 
 amazing! 
 Chinese Bitcoin miners, pushed from their homeland, are finding a new frontier in Africa, especially Ethiopia, drawn by cheap electricity rates. The Grand Ethiopian Renaissance Dam is central to this shift, offering a mix of low-cost energy and a government open to mining. But with nearly half of Ethiopia's population living without electricity, the move raises questions about balancing industry growth with local energy needs. This scenario echoes the rise and fall of Bitcoin mining in Kazakhsta 
 Chinese Bitcoin miners, pushed from their homeland, are finding a new frontier in Africa, especially Ethiopia, drawn by cheap electricity rates. The Grand Ethiopian Renaissance Dam is central to this shift, offering a mix of low-cost energy and a government open to mining. But with nearly half of Ethiopia's population living without electricity, the move raises questions about balancing industry growth with local energy needs. This scenario echoes the rise and fall of Bitcoin mining in Kazakhsta 
 Chinese Bitcoin miners, pushed from their homeland, are finding a new frontier in Africa, especially Ethiopia, drawn by cheap electricity rates. The Grand Ethiopian Renaissance Dam is central to this shift, offering a mix of low-cost energy and a government open to mining. But with nearly half of Ethiopia's population living without electricity, the move raises questions about balancing industry growth with local energy needs. This scenario echoes the rise and fall of Bitcoin mining in Kazakhsta 
 Ethiopia's low electricity costs, some of the lowest globally, coupled with a government increasingly open to Bitcoin mining, have made it an attractive destination for these Chinese companies. The country has emerged as a haven for Chinese Bitcoin miners who were forced out of their home country after Beijing imposed a crypto ban