Bitcoin Miners Became Ethiopia’s Best Power Customers…
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Bitcoin Miners Became Ethiopia’s Best Power Customers. Then Their Supply Was Cut to 23%.
Bitcoin miners brought in **35% of Ethiopia’s state power utility’s revenue.**
Then drought hit—and their power allocation fell to just **23% of contracted supply.**
Their biggest selling point suddenly became painful: they’re easy to switch off.
The machines stop. Debt payments keep coming. Hardware keeps aging.
**Bitcoin can survive miners disappearing. Can the miners survive being expendable?**
Ethiopia just exposed the hidden price of Bitcoin mining’s flexibility—and why being a valuable customer doesn’t guarantee you’ll keep the power.
#cryptocurrency
Bitcoin miners brought in **35% of Ethiopia’s state power utility’s revenue.**
Then drought hit—and their power allocation fell to just **23% of contracted supply.**
Their biggest selling point suddenly became painful: they’re easy to switch off.
The machines stop. Debt payments keep coming. Hardware keeps aging.
**Bitcoin can survive miners disappearing. Can the miners survive being expendable?**
Ethiopia just exposed the hidden price of Bitcoin mining’s flexibility—and why being a valuable customer doesn’t guarantee you’ll keep the power.
#cryptocurrency
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