Kenya Looking To Take The Lead In African Bitcoin Mining

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KenGen, Kenya’s largest energy producer, plans to deliver excess geothermal energy to bitcoin miners in the region and is actively encouraging bitcoin miners to come to Kenya and set up shop to tap into these green reserves. Kenya like many African countries have problems with reliable energy and even though the supply is there, matching supply with demand is easier said than done.

Kenya is the top producer of geothermal energy in Africa delivering over 14,000 megawatts (MW) of power with an equipment capacity of only 863 MW, so they need energy buyers to come in and push them up to capacity.

Bitcoin miners are like Lannisters, they pay their bills so getting these guys to come in and bootstrap your network and pay you from day one for your energy is a brilliant idea. You're going to increase your revenue, run at capacity, and lower energy costs for the region in total.

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Africa ain't in the mining game

If we look at the hash rate in Africa, combined it's bearly making 0.30% of all the world's bitcoin mining, with the largest player Libya holding about 0.14% of that, it's basically non-existent.

African countries are sitting on trillions in stranded energy resources but lack the willpower to tap into them. Those that have power here are too busy stealing and sucking out what they can from those who are productive.

Those who are productive are too busy trying to survive with these corrupt parasites making our lives worse, be that the local governments or their debt holders they sold us out to every year.

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Unlikely leaders of tomorrow

It looks like Kenya and the Central African Republic are the only countries on the continent that actually want better for themselves and their citizens. As for the rest, they're going to bleed us dry until we have nothing left.

Good on them though, perhaps it will push a shake-up on the continent, all the previous economic leaders of Africa, South Africa, Nigeria, and Libya shit the bed, so there's definitely the chance to take the lead and be the shining light for the rest to come and grovel to.

I hope Kenya benefits like crazy from this move, couldn't wish it on a better bunch of people. I hope this helps bootstrap a cheap energy economy that allows their businesses to thrive, to be competitive, and even if they don't adopt a bitcoin monetary standard, they can still benefit from bitcoin.

Showing the world that everyone can leverage bitcoin in a way that best suits them.

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6 comments
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A county needs to play smart if they want to be part of the future of money.

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Everyones going to try and play the bitcoin game differently, I think the mining one is a good place to start

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Dear @chekohler , The government of the country I live in has also become a cryptocurrency miner. The ruling classes of the state are also burning in the desire to hit the jackpot through cryptocurrency speculation.

As you guess, the governments of countries seem to be cryptocurrency miners.

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Dear @chekohler, this is very interesting because they have a lot of sun and solar panel can work well as power supply of mining machinery, but do you know that too much hot is not good for mining equipment?
Regarding my last talk with you, you still not used the coins i send you to play our superlottery game, why?

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