Bitcoin mining (from otherwise wasted hydropower) is now 18% of all Ethiopian Electric Power’s revenue. Proof-of-work is transforming wasted energy into unstoppable economic power running 24/7 like clockwork.
Discussion
The narrative on #bitcoin becoming a source of support to efficient power generation is good to see. Nick Carter was right on this all along. This should continue to transform communities near these previously wasted energy sources
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Thanks for that stat! I’ll be using it in my future presentations on bitcoin and electric power but to be clear the mining revenues come from 3rd party miners, not EEP mining on its own.
Is this the link you ref?