Crypto
El Niño Brings Power Crunch to Ethiopia's Bitcoin Miners
Bitcoin mining in Ethiopia is facing an unexpected challenge due to the El Niño weather phenomenon. The country, which has some of the world's cheapest electricity rates, is now rationing supplies to miners.
The weather pattern has led to droughts and heatwaves in various parts of Africa, including Ethiopia. This has resulted in a shortage of power for Bitcoin mining operations in the region.
Chinese Bitcoin miners were initially attracted to Ethiopia due to its low electricity costs. However, the current situation is causing them to reassess their plans.