Bitcoin Magazine
2018-05-03 20:23:18

Op Ed: Can Solar Power Drive Bitcoin Mining in Africa?

While many in the West often overlook Africa as an emerging blockchain innovation center, a deeper look across the continent tells a very different story. The Blockchain Africa Conference came to a close last month in Johannesburg, South Africa. Around the same time, the Kenyan government set up a task force to study the impact of the technology. There are plenty of other blockchain communities growing around Africa too, in places like Nigeria, Sudan and Algeria.Although not without difficulties, the growing connectivity and an advancing computer science field — especially at institutions like Makerere University in Uganda — show the African blockchain ecosystem is evidently building agency.And it has the potential to make a massive impact on local economies and communities alike. During a speech, the United Nations Economic Commission for Africa, Managing Director of the IMF Christine Lagarde noted, “So [blockchain] is not just about saving money, it is also about creating more transparency, promoting stronger accountability, and in the end, delivering a better life for every citizen.”For many, cryptocurrency mining is providing a big leap forward. Communities have sprouted up across the region. But with global bitcoin mining using more power than most African countries (only South Africa, Egypt and Algeria consume more), it’s hard to see how it’s going to be sustainable on the continent. On the flipsi...