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1 sat \ 0 replies \ @KenyaCoin 11 Aug 2022 \ on: Despite Challenges, Nigerian Bitcoin Miners Are Poised To Profit bitcoin
The article describes an instance where mining of bitcoin is done using a diesel generator consuming up to 300 liters of fuel per day.
At a minimum, that is an expensive way to obtain bitcoin.
Seb Gouspillou's guidance for miners here:
“Bitcoin mining must be socially useful. It must not compete with traditional demand. It must be set up [only] where there is an extra capacity."
"This way, mining becomes a blessing for a country." "The ideal model should be a win-win situation [for both miners & the country]."
https://nitter.it/KenyaCoin/status/1507401836076179456
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