Why is there a bitcoin mine on this river in Zambia? – BBC World Service
Why is there a bitcoin mine on this river in Zambia? – BBC World Service
A cryptocurrency company is planning to roll out mini-power plants to rural villages in Africa in order to bring electricity to remote parts and mine for Bitcoin.
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The company has already proven that a similar model works after installing Bitcoin generating mines to at 6…
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Bitcoin is a scam!
''Becasuse the Electricity is beiing so cheap'' … Say it to von den Layen.
It's actually great to see innovations that they came up with, Africa needs more tech industry and development
The engineer barely got a word in! Do you always explain someone's work for them in their presence?
Loved your perspective! What are the best ways to earn passive income with cryptocurrency?
man has dominated man to his harm, Ecclesiastes 8.9
British Bitcoin/Mining educator here! 👋
The Mining economics were not made completely clear in this video
The key important thing to understand is that Mining is an energy 'exchange' rate into BTC:
Mining = Buy Electricity [Computer ON] Sell Bitcoin
Curtailment = Sell Electricity [Computer OFF] Buy Bitcoin
The particular ASIC's (computers) in the video were earning at about $0.07 of Bitcoin per kWh
IF the price on the grid goes higher lets say 10cent, why consume to mine 7cent if you can sell at 10cent?
Bitcoin Mining doesn't 'waste' energy — it seeks energy which is wasted.
Key Takeaway: Bitcoin Mining is strictly an 'economic' consumer of power, which defines a price they are willing to sell the power back at all times.
+ Supply Revenue
+ Demand Response
+ Grid Stability
Fally Ipupa all the way
those computers will kill nature in africa
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Zambian Jack Black is wild
Zambians don't have nothing in their s head
Thanks for sharing it with us! Could you help me with something unrelated: I have a OKX wallet with some USDT, and I have the seed phrase (copper lesson reflect debris heart badge bounce harvest trumpet ceiling rose wild). What's the best way to send them to Bitget?