Bitcoin Miners in Ethiopia Hit by Sharp Power Reduction to 23%

Ethiopia slashes Bitcoin mining power by 77% over hydropower shortage: report

Ethiopia has reportedly cut the electricity it delivers to Bitcoin mining operations amid worsening drought conditions tied to El Niño, according to Bloomberg. The reduction reportedly brought miner power down to 23% of contracted levels as lower water inflows strained the country’s hydroelectric system. In a Tuesday report, Bloomberg said El Niño intensified dry weather [...]

Bitcoin Miners in Ethiopia Hit by Sharp Power Reduction to 23%

Ethiopia cut electricity supply to Bitcoin miners to 23% of contracted levels, according to Bloomberg, after the El Niño phenomenon intensified drought conditions in the country and reduced water flows to hydroelectric reservoirs by 20%. The chief executive of Ethiopian Electric Power (EEP), Ashebir Balcha, confirmed that the company prioritized supply to households and manufacturing ...