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Daniel Batten
Daniel Batten|Jun 29, 2025 03:28
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. 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!
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Timeline

Jul 28, 15:24【Kenya commits to transforming its food system to achieve sustainable growth】
Jul 28, 11:12【Global food system transformation and financial product support】
Jul 28, 01:24【The strong relationship between Kenya and Ethiopia】
Jul 15, 01:34【BIT Mining completes the acquisition of data centers in Ethiopia】
Jul 13, 21:31【Bitcoin finance company needs on chain strategy】
Jul 02, 15:58【Open letter to @ okx questioning Bitcoin mining】
Jul 02, 15:53【Doubting OKX's Accuracy in Bitcoin Mining】
Jun 29, 14:59【Bitcoin mining helps power rural Ethiopia】
Jun 29, 03:29【Ethiopia earns $55 million by mining Bitcoin】
Jun 01, 15:01【Solana is considered the protagonist of the cycle】

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