Crypto Mining

Now that China is doing work to shut down miners, why don’t we rely on Kenyan energy to mine crypto. It’s a well known fact that we have an excess production plus out energy generation is clean with hydro and geothermal.

How can we invest in this space?

Great idea! Following…

:D:D:D:D
Ala? :slight_smile:

Do you have any idea how expensive electricity in Kenya is for industrial purposes??

Also, do we have the expertise to mine crypto??

You have a good idea in principle, but I doubt whether we have any comparative or absolute advantage to tap into in that space.

You’re a very negative person as I’ve previously outlined.

  1. Do you know one of the reason why electricity is expensive? Ive pointed it out - under utilization
  2. If there is no expertise, can’t we develop it? Just last week I heard people were getting funding for food start ups after being in the country for 3 days
  3. If you don’t have the money, some other people do and are willing to take on the risk
  4. El savador is nowhere close to Kenya in development

Which crypto do you want to mine?

Don’t mistake realism for negativity.

Don’t mistake pessimism for realism.

But you give some very sound advice!

Same reasons China govt is afraid of crypto, same reason Kenyan govt will be afraid of it. And it has nothing to do with electricity.

I think that that would be great and china made a huge mistake when they banned mining. These were huge companies that could be registered properly and pay taxes. That could be a good income for china. Anyway, I am sure that all the mining farms will just change the location and crypto will be alright. The dump because of the news was ridiculous, but I bought some more BTC at 31k. Because I believe that it will grow. While china bans it, more free countries accept it. For example, look at this map [COLOR=rgb(0, 0, 0)] https://paydepot.com/de-bitcoin-atm more than 10 crypto ATMs in one USA city. Isn’t that a good sign?