Ethiopia stop crypto mining permits because power no dey
Ethiopia don stop to dey give new permits for crypto mining like how their hydropower grid don full because severe power wahala dey. So far, 25 Bitcoin mining operations get active license, and about 20 dey wait make dem approve their application. Dis pause na to make sure say national energy demand balance by to slow down rapid crypto mining growth for areas wey electric supply no steady. The old miners fit still dey work with their current permits. Low power cost and plenty water resources na wetin first attract companies. Government move show how important reliable renewable energy be for sustainable crypto mining and fit make companies rethink their local plans or find other places. Other African countries fit follow by checking their power infrastructure well well before dem start big mining projects.
Neutral
For short term, Ethiopia wey dem stop to give new crypto mining permits no go too affect global Bitcoin supply or market price because local operations na small part of di whole network hashrate. Old miners fit still dey work, so selling pressure steady. Long term, to restrict new licenses fit reduce future miner dem sell-off to pay electricity bill, wey fit help support Bitcoin price small. But mining company go just move dia expansion plans go other place wey energy cheap, balancing any supply wahala. So, di overall effect on BTC price go remain neutral.