Recent content by Onyeka2mh4
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Where is mining cheapest in Africa?
This seems off-topic compared to the topic as we are talking about Ethiopia where the cost of electricity seems to be around ($0.054/kwh). I did a little research and found that the source of the electricity is a dam and we all know that dams provide cheap electricity during the rainy season but...- Onyeka2mh4
- Post #13
- Forum: Cryptocurrency
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Where is mining cheapest in Africa?
The cost of electricity is one of the main factors that make mining profitable, but it is not the only factor. There are several factors such as customs duties, legal status, renting the place, cooling costs, electricity continuity, and security. + capital recovery costs, depreciation, and the...- Onyeka2mh4
- Post #6
- Forum: Cryptocurrency
