#Ethiopia has become a mining hub #Bitcoin (BTC) due to several key factors attracting foreign miners, especially from #China .

Here are the main reasons:

1. Availability of Cheap Green Energy

- Ethiopia has abundant renewable energy sources, especially hydropower from the Grand Ethiopian Renaissance Dam (GERD).

- Electricity in Ethiopia is among the cheapest in the world, making the operational costs of Bitcoin mining much more efficient compared to other countries.

2. Supportive Government Policies

- The Ethiopian government is opening investment opportunities in the technology sector, including data centers and Crypto mining, through partnerships with companies like Data Center Service PLC (in collaboration with Chinese miners).

- Although the Central Bank of Ethiopia prohibits Crypto transactions, #penambangan Bitcoin is allowed as long as it is related to renewable energy-based investment projects.

3. Exodus of Chinese Miners to Ethiopia

- After China banned Crypto mining in 2021, many Chinese companies moved to Ethiopia to take advantage of cheap energy and a more stable climate compared to other African countries.

4. Developing Infrastructure

- Ethiopia is developing industrial and technology zones, including cooperation with China on digital infrastructure projects.

- Adequate internet connectivity and access to natural cooling (high altitude climate) help improve mining operation efficiency.

Challenges and Controversies

- Criticism over energy usage: Despite using green energy, Bitcoin mining is still criticized for potentially reducing electricity supply for the public.

- Regulatory uncertainty: The Ethiopian government still restricts the use of Crypto for financial transactions, making mining activities risky if policies change.

Conclusion:

Ethiopia has become a Bitcoin mining hub due to cheap green energy, open investment policies, and the arrival of Chinese miners. However, the future of this industry depends on regulatory stability and electricity availability in the future.