Bitcoin mining in Zambia | BBC News
The cryptocurrency company Gridless is planning to build more mini power plants plants in rural villages across Africa, in order to bring electricity to remote areas and to mine for bitcoin.
Gridless already has six sites like this in Kenya, Malawi, and Zambia.
The company still faces resistance from some authorities and companies which see bitcoin as an energy-greedy and selfish use of electricity that might otherwise be used by rural people.
The environmental impact of the industry is also a major concern. It’s estimated that bitcoin mining uses as much energy as a small country like Poland.
The BBC’s Joe Tidy visited a mine in Zambia on the Zambezi river to see how one of the projects work.
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#Zambia #Crypto #BBCNews
31 Comments
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The BBC pushing Bitcoin again whilst ignoring Gold making record highs.
They don't want people to know that Gold is real money whilst the Fiat Currencies are being inflated away to nothing!
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Got a bee innit towinnit 🧌
Any other white Brit wondering why they are even bothering going to work in the Uk when Starmer is giving your taxes to the rest of the world for not working ??
Give power to Bitcoin miners before the rest of the country which is facing severe load shedding 👍
1:02 really the red ribbon obstruction
My luvale brothers 💙
My country ❤ Zambia 🇿🇲
Yeah why not, we have so much excess power. To the point that we have load shedding for 12hrs a day. This is a great idea
Bitcoin mining will expand the use of renewable energy. As long as they are mining with excess energy and not taking from people that need it essentially. Its a good thing
the bright red lower third for three straight minutes is maddening
Do we fund it 🤣
They will abandon Zambia for sure.
This hydropower station is sitting in between Mwinilunga and Kalumbila districts (Ntambu area if I'm not wrong (Kasangiko mini hydropower plant) – this has made life for the local people really easy…the Bitcoin company i hope they allow us to invest in them we grow qith them as well…all the best, Zambia Kuchalo 🇿🇲
Hope they giving back to the community what they deserve
Just here to scam us ,it's just cheaper here than in the west..
2:00 😂oh yes! I wholly agree😅
The video content is carefully crafted!I have one more question:I have the address of a wavefield chain that contains TRC20 USDT, and I have the recovery phrase.:(laugh nominee buzz game expose field wash shoe world sadness bicycle grain).:How should I turn them into Bitcoin?
Really??? Electricity is so cheap for bit coin mining, yet us citizens aren't having electricity??? This is some bullshit..
Wish Zambia was instead EXACTLY like my town. 🏆🏆🏆
OT!!!
Benny Hill considered funnier than Monty Python by two TV stations –WOR and WLVI!
Zambia is 99.9% Zambian but if course the owner of the bitcoin miner is white
So how are we as Zambian's only finding out about this on the BBC?…And if this doesn't push the SEC or Central Bank to accelerate regulatory policies, I don't know what will.
Mu Zambia twa li shishita, tu li fikopo…busy na Elias Musyani ne fya upuba fyakwe, uku ba le pango'lu piya and are most likely under paying (if at all they are) for what they are earning on our ground with our electricty/resources. They'll make millions and then you'll call them fraudsters or thieves NO! You are just idiots. I mean dude has a smile up to his ear, he's definitely raking in some good coin, no doubt.
There is no “excess” power in Zambia!!! There has been consistent load shedding (blackouts) for more than a year now here. You can go anywhere from several hours to several days without grid power. It’s absolutely outrageous that power would be used to mine bitcoin here when the vast majority of the population is going without grid power on a daily basis!
e bale pwisha ama liti….
❤️🇿🇲