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RE: 5 Things I Learned About Bitcoin In Kenya In My 2 Months Here
Very good information. No. 6. Did you get any info on any local miners in kenya? sustainability? power costs etc?
Very good information. No. 6. Did you get any info on any local miners in kenya? sustainability? power costs etc?
Hey jmagochi! Due to the high cost of mining equipment (relative to the average income in Kenya) and the lower rewards that bitcoin mining is reaping at this point, minig isn't really "a thing" here. I haven't met anyone yet who is mining any cryptocurrencies in Kenya. But I will ask my bitcoin friends here. Now that you mentioned it, I am curious too. :)
Mining is big in kenya, you probably not from Kenya or don't know what you are talking about. There are a lot of people mining different cryptocurrencies. I used to mine as well. The greatest miner in sub-saharan Africa is from Kenya. The guy has been featured in many tech companies and news portals like Bloomberg and CNN, just to name a few. It's a lucrative business with the right hardware.
Just a further note - not only is the equipment expensive here, electricity is done by prepayment at severely high rates (and solar electricity is very rare), so mining is out for most people
There are a few people mining, some as enthusiasts. >> Here is one such story. https://www.bloomberg.com/news/articles/2017-11-03/diary-of-an-african-cryptocurrency-miner