ethiopia
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Alibaba Set to Enter Ethiopian Market 🇪🇹
#EthiopianBankGlitch #Ethiopia #EthiopianBirr #Ethiopian #Habesha
#EthiopianBankGlitch #Ethiopia #EthiopianBirr #Ethiopian #Habesha
🇪🇹Ethiopia GDP (2025)
IMF (2025)
Nominal (current) Gross Domestic Product (GDP) of Ethiopia is $109.49 billion ($109,492,000,000) as of 2025, according to the International Monetary Fund (IMF).The GDP growth rate in 2025 is 7.2%, according to the International Monetary Fund (IMF).GDP per Capita in Ethiopia (with a population of 135,472,051 people) is $994 in 2025, a decrease of $316 from $1,310 in 2024; this represents a change of 24.1% in GDP per capita.
$HNT
$SOL
$ID
#Ethiopia
IMF (2025)
Nominal (current) Gross Domestic Product (GDP) of Ethiopia is $109.49 billion ($109,492,000,000) as of 2025, according to the International Monetary Fund (IMF).The GDP growth rate in 2025 is 7.2%, according to the International Monetary Fund (IMF).GDP per Capita in Ethiopia (with a population of 135,472,051 people) is $994 in 2025, a decrease of $316 from $1,310 in 2024; this represents a change of 24.1% in GDP per capita.
$HNT
$SOL
$ID
#Ethiopia
#Danakil Depression
Danakil Depression
A geological depression caused by the continental drift of three tectonic plates, the Danakil Depression is one of Earth’s most unusual environments. Renowned as the ‘hottest place on the planet’ and home to salt lakes, lava lakes, volcanoes, and colourful acidic springs - it’s a wonderful, alien environment.
#Come and #Visit
#NFPWatch #danakil #Afar #Ethiopia $BTC
Danakil Depression
A geological depression caused by the continental drift of three tectonic plates, the Danakil Depression is one of Earth’s most unusual environments. Renowned as the ‘hottest place on the planet’ and home to salt lakes, lava lakes, volcanoes, and colourful acidic springs - it’s a wonderful, alien environment.
#Come and #Visit
#NFPWatch #danakil #Afar #Ethiopia $BTC
BIT Mining Reuses Bitcoin Miners Thanks to Record Low Energy Costs in Ethiopia
Opportunities from Cheap Electricity Costs in Ethiopia
BIT Mining has invested $14 million to expand its operations in Ethiopia, including 51 MW of power and nearly 18,000 Bitcoin mining machines. This is an important step in the strategy of reusing old mining machines, which are no longer effective in the US due to high electricity costs.
According to Dr. Youwei Yang, chief economist of BIT Mining, electricity costs in Ohio are 70% or more higher, causing older mining machines to quickly become obsolete. Meanwhile, moving these machines to Ethiopia can extend their lifespan by 2 years, optimizing profits.
BIT Mining has invested $14 million to expand its operations in Ethiopia, including 51 MW of power and nearly 18,000 Bitcoin mining machines. This is an important step in the strategy of reusing old mining machines, which are no longer effective in the US due to high electricity costs.
According to Dr. Youwei Yang, chief economist of BIT Mining, electricity costs in Ohio are 70% or more higher, causing older mining machines to quickly become obsolete. Meanwhile, moving these machines to Ethiopia can extend their lifespan by 2 years, optimizing profits.
Saturday, August 16, 2025:
1. Bitcoin Mining Developments
- Ethiopia has seen significant activity in Bitcoin mining, with international companies, including Russian firms, operating mining facilities in the country. (Reported on 2025-08-14)
- Over the past year, crypto mining outfits have flocked to Ethiopia, attracted by favorable conditions. However, concerns about grid strain have led Ethiopian Electric Power (EEP) to announce plans to phase out crypto mining operations. (Reported on 2025-08-14)
2. Regulatory Changes
- Ethiopia has halted the issuance of new crypto mining permits after generating $55 million from Bitcoin mining over a 10-month period in 2024. This move is likely in response to infrastructure and energy concerns. (Reported on 2025-08-14)
3. General Crypto Activity
- Blockchain and crypto media platforms continue to report on fintech, crypto, and blockchain activities across Africa, including Ethiopia. (Reported on 2025-08-14)
- There is ongoing interest in buying and trading cryptocurrencies such as Bitcoin and Ethereum in Ethiopia, with guides available for local users. (Reported on 2025-08-15)
#Ethiopia
#CryptoNews
#BinanceFeed
#BinanceSquareFamily
#Write2Earn
1. Bitcoin Mining Developments
- Ethiopia has seen significant activity in Bitcoin mining, with international companies, including Russian firms, operating mining facilities in the country. (Reported on 2025-08-14)
- Over the past year, crypto mining outfits have flocked to Ethiopia, attracted by favorable conditions. However, concerns about grid strain have led Ethiopian Electric Power (EEP) to announce plans to phase out crypto mining operations. (Reported on 2025-08-14)
2. Regulatory Changes
- Ethiopia has halted the issuance of new crypto mining permits after generating $55 million from Bitcoin mining over a 10-month period in 2024. This move is likely in response to infrastructure and energy concerns. (Reported on 2025-08-14)
3. General Crypto Activity
- Blockchain and crypto media platforms continue to report on fintech, crypto, and blockchain activities across Africa, including Ethiopia. (Reported on 2025-08-14)
- There is ongoing interest in buying and trading cryptocurrencies such as Bitcoin and Ethereum in Ethiopia, with guides available for local users. (Reported on 2025-08-15)
#Ethiopia
#CryptoNews
#BinanceFeed
#BinanceSquareFamily
#Write2Earn
Monday, September 15, 2025:
Key Developments for Cryptocurrency in Ethiopia:
- Regulatory Shift: Ethiopia is moving from an outright ban on cryptocurrency towards developing a regulatory framework for digital assets, spurred by the global growth of the crypto market and the recognition of potential benefits like cross-border payments.
- Bitcoin Mining: Ethiopia has become an attractive location for Bitcoin mining due to its ample supply of affordable, renewable hydropower. The government has actively encouraged this by entering into power agreements with mining companies, with 19 of the 21 companies reportedly being Chinese. Miners typically pay for electricity in foreign currency, providing a source of foreign exchange for the country.
- Blockchain Adoption: Ethiopia is utilizing blockchain technology for purposes beyond cryptocurrency, notably through a partnership to implement a student digital identity program on the Cardano blockchain for over 3,000 schools. This project aims to combat education fraud and promote financial inclusion.
- Mobile Payments and Blockchain Remittances: The mobile money sector in Ethiopia is growing, with companies like M-Pesa expanding their reach. Oromia Cooperative Bank launched Ethiopia's first blockchain-powered remittance service, aiming to provide faster, cheaper cross-border money transfers for underserved communities.
- CBDC Exploration: The NBE is actively studying digital currencies, and the Council of Ministers approved a draft proclamation to establish a legal framework for a CBDC, which would be issued by the central bank alongside the existing fiat currency.
$BTC
#BTC
#Bitcoin
#Ethiopia
#BinanceSquareFamily
#Write2Earn
Key Developments for Cryptocurrency in Ethiopia:
- Regulatory Shift: Ethiopia is moving from an outright ban on cryptocurrency towards developing a regulatory framework for digital assets, spurred by the global growth of the crypto market and the recognition of potential benefits like cross-border payments.
- Bitcoin Mining: Ethiopia has become an attractive location for Bitcoin mining due to its ample supply of affordable, renewable hydropower. The government has actively encouraged this by entering into power agreements with mining companies, with 19 of the 21 companies reportedly being Chinese. Miners typically pay for electricity in foreign currency, providing a source of foreign exchange for the country.
- Blockchain Adoption: Ethiopia is utilizing blockchain technology for purposes beyond cryptocurrency, notably through a partnership to implement a student digital identity program on the Cardano blockchain for over 3,000 schools. This project aims to combat education fraud and promote financial inclusion.
- Mobile Payments and Blockchain Remittances: The mobile money sector in Ethiopia is growing, with companies like M-Pesa expanding their reach. Oromia Cooperative Bank launched Ethiopia's first blockchain-powered remittance service, aiming to provide faster, cheaper cross-border money transfers for underserved communities.
- CBDC Exploration: The NBE is actively studying digital currencies, and the Council of Ministers approved a draft proclamation to establish a legal framework for a CBDC, which would be issued by the central bank alongside the existing fiat currency.
$BTC
#BTC
#Bitcoin
#Ethiopia
#BinanceSquareFamily
#Write2Earn
JUST IN: ETHIOPIAN ELECTRIC POWER EARNS 18% OF REVENUE FROM BITCOIN MINING USING EXCESS ENERGY.
🚨🇪🇹 JUST IN: Ethiopian Electric Power Earns 18% of Revenue from Bitcoin Mining Using Excess Energy from Grand Ethiopian Renaissance Dam ⚡💰 $BTC
In a groundbreaking move, Ethiopian Electric Power (EEP) has revealed that it now earns 18% of its revenue from Bitcoin mining, utilizing excess electricity generated by the Grand Ethiopian Renaissance Dam (GERD). This innovative use of renewable energy for crypto mining marks a significant step in the country's push to harness its vast hydroelectric power for economic growth.
Key Highlights:
Harnessing Hydroelectric Power: The Grand Ethiopian Renaissance Dam, one of Africa’s largest hydroelectric projects, produces a significant amount of excess electricity. By directing this surplus energy into Bitcoin mining, Ethiopia is maximizing the utility of its renewable energy resources.Bitcoin Mining as a Revenue Stream: EEP’s Bitcoin mining initiative has become a key revenue generator, contributing to 18% of its total income. This is a substantial boost for Ethiopia’s economy, especially as it aims to diversify its income sources beyond traditional industries.Sustainable Mining: Using hydroelectric power to mine Bitcoin is a more environmentally sustainable alternative compared to the energy-intensive practices seen in other countries. This approach positions Ethiopia as a potential leader in green crypto mining in Africa.Potential for Future Growth: This move could serve as a model for other African nations with untapped renewable energy potential. With global interest in Bitcoin mining, Ethiopia’s use of clean energy could attract further investment into the country’s crypto and tech sectors.
What’s Next?
Ethiopia’s success in leveraging its renewable energy for Bitcoin mining could lead to a broader adoption of similar models in other countries, particularly in Africa, where there is significant untapped energy capacity. As global interest in Bitcoin continues to rise, the country’s efforts may help position it as a key player in the global crypto economy.
Stay tuned for more updates on this exciting development! 🌍⚡#Ethiopia #btcmining #BitwiseBitcoinETF
In a groundbreaking move, Ethiopian Electric Power (EEP) has revealed that it now earns 18% of its revenue from Bitcoin mining, utilizing excess electricity generated by the Grand Ethiopian Renaissance Dam (GERD). This innovative use of renewable energy for crypto mining marks a significant step in the country's push to harness its vast hydroelectric power for economic growth.
Key Highlights:
Harnessing Hydroelectric Power: The Grand Ethiopian Renaissance Dam, one of Africa’s largest hydroelectric projects, produces a significant amount of excess electricity. By directing this surplus energy into Bitcoin mining, Ethiopia is maximizing the utility of its renewable energy resources.Bitcoin Mining as a Revenue Stream: EEP’s Bitcoin mining initiative has become a key revenue generator, contributing to 18% of its total income. This is a substantial boost for Ethiopia’s economy, especially as it aims to diversify its income sources beyond traditional industries.Sustainable Mining: Using hydroelectric power to mine Bitcoin is a more environmentally sustainable alternative compared to the energy-intensive practices seen in other countries. This approach positions Ethiopia as a potential leader in green crypto mining in Africa.Potential for Future Growth: This move could serve as a model for other African nations with untapped renewable energy potential. With global interest in Bitcoin mining, Ethiopia’s use of clean energy could attract further investment into the country’s crypto and tech sectors.
What’s Next?
Ethiopia’s success in leveraging its renewable energy for Bitcoin mining could lead to a broader adoption of similar models in other countries, particularly in Africa, where there is significant untapped energy capacity. As global interest in Bitcoin continues to rise, the country’s efforts may help position it as a key player in the global crypto economy.
Stay tuned for more updates on this exciting development! 🌍⚡#Ethiopia #btcmining #BitwiseBitcoinETF
#Bitcoin mining is becoming big business in Ethiopia. A Russian company has set up operations outside the capital, Addis Ababa.
The government says it's a smart way to earn revenue and expand power access, but critics question whether this boom will be felt across the country.
#MarketTurbulence #Ethiopia
The government says it's a smart way to earn revenue and expand power access, but critics question whether this boom will be felt across the country.
#MarketTurbulence #Ethiopia
#Write2Earn
How I Pay for Online Courses Using Crypto in Addis 🇪🇹
As a computer science student in Ethiopia, I couldn't access international courses because:
❌ No international debit card
❌ Bank transfers too expensive
Now I:
1) Earn USDT by freelancing (graphic design)
2) Use Binance P2P to convert to local cash
3) Pay for Coursera/Udemy with crypto!
Crypto = Education access! Who else is learning this way? #Write2Earn #Ethiopia
$USDC
How I Pay for Online Courses Using Crypto in Addis 🇪🇹
As a computer science student in Ethiopia, I couldn't access international courses because:
❌ No international debit card
❌ Bank transfers too expensive
Now I:
1) Earn USDT by freelancing (graphic design)
2) Use Binance P2P to convert to local cash
3) Pay for Coursera/Udemy with crypto!
Crypto = Education access! Who else is learning this way? #Write2Earn #Ethiopia
$USDC
Earning 50 USDT in just one day is possible
here are three ways you to make that happen:-
በአንድ ቀን ውስጥ 50 USDT ለማግኝት እነዝህን ሶስት መንገዶች ይጠቀሙ::
1. Cryptocurrency Trading:-If you have experience in trading cryptocurrencies, you could try to make profitable trades on exchanges. However, keep in mind that trading involves significant risk and it's possible to incur losses. You can also try P2P in #Ethiopia 🇪🇹, a very simple way to get more money in local currency.
2. Freelancing or Gig Work:-You could offer your skills on freelance platforms or gig economy websites to earn money. This could include services like graphic design, writing, or programming.
3. Online Surveys and Rewards:- Participate in online surveys or use platforms that offer rewards for various tasks. While the earnings may not be substantial, they can add up over time.
If get in to the right platform you will make more than 50/day Remember that achieving this in one day is not guaranteed and may depend on various factors, including your skills, opportunities, and luck.
#AbenezerGo #Ethiopia
here are three ways you to make that happen:-
በአንድ ቀን ውስጥ 50 USDT ለማግኝት እነዝህን ሶስት መንገዶች ይጠቀሙ::
1. Cryptocurrency Trading:-If you have experience in trading cryptocurrencies, you could try to make profitable trades on exchanges. However, keep in mind that trading involves significant risk and it's possible to incur losses. You can also try P2P in #Ethiopia 🇪🇹, a very simple way to get more money in local currency.
2. Freelancing or Gig Work:-You could offer your skills on freelance platforms or gig economy websites to earn money. This could include services like graphic design, writing, or programming.
3. Online Surveys and Rewards:- Participate in online surveys or use platforms that offer rewards for various tasks. While the earnings may not be substantial, they can add up over time.
If get in to the right platform you will make more than 50/day Remember that achieving this in one day is not guaranteed and may depend on various factors, including your skills, opportunities, and luck.
#AbenezerGo #Ethiopia
🚨 Breaking: Ethiopia FREEZES New Crypto Mining Power Licenses! 🚨
⚡ Reason: Energy capacity limits as Bitcoin mining demand surges.
🏭 Status: 25 companies active | ~20 awaiting approval.
📈 Global Crypto Boom:
Market cap hits $4.13T (NEW RECORD! 🚀)
Bitcoin smashes 122K USDT (+3.72% in 24h)
Nasdaq-listed Thumzup Media to invest in crypto & mining gear.
💡 Takeaway: Regulatory moves + market momentum = a fast-changing crypto landscape. Stay ready!
#CryptoNews #bitcoin #Ethiopia #CryptoMining
⚡ Reason: Energy capacity limits as Bitcoin mining demand surges.
🏭 Status: 25 companies active | ~20 awaiting approval.
📈 Global Crypto Boom:
Market cap hits $4.13T (NEW RECORD! 🚀)
Bitcoin smashes 122K USDT (+3.72% in 24h)
Nasdaq-listed Thumzup Media to invest in crypto & mining gear.
💡 Takeaway: Regulatory moves + market momentum = a fast-changing crypto landscape. Stay ready!
#CryptoNews #bitcoin #Ethiopia #CryptoMining
🚨 Ethiopia Hits Pause on Crypto Mining Power Permits! ⚡💥
Ethiopia — once a rising crypto mining paradise thanks to cheap hydropower — has just frozen all new electricity permits for mining companies. 🛑 Why? The national grid is maxed out and nearly 50% of citizens still live without electricity.
💡 The Big Reason:
Massive mining farms are draining the grid, leaving little power for homes & industries. Ethiopian Electric Power (EEP) says — “We’ve hit capacity.” Now, energy security > mining profits.
📉 What This Means for Miners:
❌ No new approvals — at least 20 firms stuck waiting
📈 Stricter regulations likely for existing miners
🏃♂️ Miners may start relocating to other energy-rich countries
🌍 The Global Ripple:
From Kazakhstan to the U.S., governments are rethinking crypto mining’s energy footprint. Ethiopia’s move signals a worldwide shift toward sustainable mining 🌱⚡.
📊 Investor Takeaways:
Hash rates could shift globally → affecting mining profitability
Renewable energy projects in Africa might get a big push
Crypto miners who embrace green tech will stay ahead of the game
🔥 Bottom Line:
Ethiopia just reminded the world — cheap power isn’t forever. The future of mining will belong to those who are efficient, green, and adaptable.
💬 What do you think? Will this push miners toward clean energy or new countries?
#Ethiopia #CryptoMining #bitcoin #Ethereum #blockchain
Ethiopia — once a rising crypto mining paradise thanks to cheap hydropower — has just frozen all new electricity permits for mining companies. 🛑 Why? The national grid is maxed out and nearly 50% of citizens still live without electricity.
💡 The Big Reason:
Massive mining farms are draining the grid, leaving little power for homes & industries. Ethiopian Electric Power (EEP) says — “We’ve hit capacity.” Now, energy security > mining profits.
📉 What This Means for Miners:
❌ No new approvals — at least 20 firms stuck waiting
📈 Stricter regulations likely for existing miners
🏃♂️ Miners may start relocating to other energy-rich countries
🌍 The Global Ripple:
From Kazakhstan to the U.S., governments are rethinking crypto mining’s energy footprint. Ethiopia’s move signals a worldwide shift toward sustainable mining 🌱⚡.
📊 Investor Takeaways:
Hash rates could shift globally → affecting mining profitability
Renewable energy projects in Africa might get a big push
Crypto miners who embrace green tech will stay ahead of the game
🔥 Bottom Line:
Ethiopia just reminded the world — cheap power isn’t forever. The future of mining will belong to those who are efficient, green, and adaptable.
💬 What do you think? Will this push miners toward clean energy or new countries?
#Ethiopia #CryptoMining #bitcoin #Ethereum #blockchain
#Ethiopia has become a mining hub #Bitcoin (BTC) due to several key factors attracting foreign miners, especially from #China .
Here are the main reasons:
1. Availability of Cheap Green Energy
- Ethiopia has abundant renewable energy sources, especially hydropower from the Grand Ethiopian Renaissance Dam (GERD).
- Electricity in Ethiopia is among the cheapest in the world, making the operational costs of Bitcoin mining much more efficient compared to other countries.
2. Supportive Government Policies
- The Ethiopian government is opening investment opportunities in the technology sector, including data centers and Crypto mining, through partnerships with companies like Data Center Service PLC (in collaboration with Chinese miners).
- Although the Central Bank of Ethiopia prohibits Crypto transactions, #penambangan Bitcoin is allowed as long as it is related to renewable energy-based investment projects.
3. Exodus of Chinese Miners to Ethiopia
- After China banned Crypto mining in 2021, many Chinese companies moved to Ethiopia to take advantage of cheap energy and a more stable climate compared to other African countries.
4. Developing Infrastructure
- Ethiopia is developing industrial and technology zones, including cooperation with China on digital infrastructure projects.
- Adequate internet connectivity and access to natural cooling (high altitude climate) help improve mining operation efficiency.
Challenges and Controversies
- Criticism over energy usage: Despite using green energy, Bitcoin mining is still criticized for potentially reducing electricity supply for the public.
- Regulatory uncertainty: The Ethiopian government still restricts the use of Crypto for financial transactions, making mining activities risky if policies change.
Conclusion:
Ethiopia has become a Bitcoin mining hub due to cheap green energy, open investment policies, and the arrival of Chinese miners. However, the future of this industry depends on regulatory stability and electricity availability in the future.
Here are the main reasons:
1. Availability of Cheap Green Energy
- Ethiopia has abundant renewable energy sources, especially hydropower from the Grand Ethiopian Renaissance Dam (GERD).
- Electricity in Ethiopia is among the cheapest in the world, making the operational costs of Bitcoin mining much more efficient compared to other countries.
2. Supportive Government Policies
- The Ethiopian government is opening investment opportunities in the technology sector, including data centers and Crypto mining, through partnerships with companies like Data Center Service PLC (in collaboration with Chinese miners).
- Although the Central Bank of Ethiopia prohibits Crypto transactions, #penambangan Bitcoin is allowed as long as it is related to renewable energy-based investment projects.
3. Exodus of Chinese Miners to Ethiopia
- After China banned Crypto mining in 2021, many Chinese companies moved to Ethiopia to take advantage of cheap energy and a more stable climate compared to other African countries.
4. Developing Infrastructure
- Ethiopia is developing industrial and technology zones, including cooperation with China on digital infrastructure projects.
- Adequate internet connectivity and access to natural cooling (high altitude climate) help improve mining operation efficiency.
Challenges and Controversies
- Criticism over energy usage: Despite using green energy, Bitcoin mining is still criticized for potentially reducing electricity supply for the public.
- Regulatory uncertainty: The Ethiopian government still restricts the use of Crypto for financial transactions, making mining activities risky if policies change.
Conclusion:
Ethiopia has become a Bitcoin mining hub due to cheap green energy, open investment policies, and the arrival of Chinese miners. However, the future of this industry depends on regulatory stability and electricity availability in the future.
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