Ethiopia Emerges As New Bitcoin Mining Hotspot – Will it Last? Ethiopia is growing popular for Bitcoin mining after China ejected the industry from its borders in 2021. Ethiopia Embraces Bitcoin MiningDespite having banned the actual trading of cryptocurrencies, Ethiopia gave the green light to Bitcoin mining operations starting in 2022. Similar to Ethiopia, Russia has also opened its arms to Bitcoin mining but banned using cryptocurrency in other ways—namely as a means of payment. Kazakhstan and Iran, for example, were once world leaders in Bitcoin mining before turning against the industry because of its power consumption.

Source: Ethiopian News February 08, 2024 22:01 UTC