Africa Is Poised For A Bitcoin Mining Boon
Surging general interest in Bitcoin, ideal energy sources and other facts make Africa an ideal region for growing bitcoin mining operations.Mining headlines are typically filled with mentions of North America and Asia, with occasional mentions of Latin America. But another region of the world is showing some unnoticed signs of consistent interest in the mining sector. This article explores some data that shows interest from African nations in mining and profiles a few companies known to be mining in the region, with all of this contextualized by Africa’s widely-reported general interest in....
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Bitcoin users in parts of Africa have an almost non-existent mining practice yet the virtual currency’s level of adoption is driving more Africans to its trade. Aside from a Ghanaian firm, Ghana Dot Com (GDC), which claimed it has launched the first Bitcoin mining facility in Africa in March, most mining efforts in parts of Africa are usually done on an individual basis or crowd mining with little or no chance of profitability. This is due to several factors. “I don't think anyone's doing any mining,” says Tim Akinbo, CEO of Nigeria-based TimbaObjects to CoinTelegraph. “Not with the power....
Editor’s Note: This article has been changed to make the nature of the Bitcoin Africa Conference more clear. The name of this title is “Bitcoin Africa Conference,” and this is the first time the conference has been held. The author of this article was not saying that this Bitcoin conference is the very first one in Africa. We apologize for any misunderstanding. As you may know, the world’s first Bitcoin Africa Conference will be held on April 16-17, 2015 in Cape Town, South Africa. With all the buzz surrounding Bitcoin in Africa lately, it is no surprise that the first conference has made....
Though regulations in some Canadian regions make bitcoin mining difficult, the country overall is poised to become a top-three mining hub.
Ghana-based IT solutions firm Ghana Dot Com (GDC) has launched a bitcoin mining facility it claims is the first in Africa. The announcement is notable given GDC chairman Nii Quaynor’s history as an early Internet pioneer. In 1993, Quaynor launched one of Ghana’s first Internet Service Providers, and he has since served on the board of ICANN and the Internet Governance Forum Advisory Group at the United Nations. As such, Quaynor sought to draw comparisons between the two technologies in an announcement regarding the launch. Quaynor said in a statement: “As one of first African computer....
Bitcoin ATMs (Automated Teller Machines) have been popping up all over the world. Hong Kong, Australia, Dubai, and America, among other places, have operating Bitcoin ATMs. These ATMs have only become widespread in the past few months and are a very new and incomplete technology. Now, they're coming to Africa. Coming to Africa. [dropcap size="small"]Bitcoin's first ATM in the vast continent of Africa is expected to be opened to the public in late May. The ATM will be owned by ZABitcoinATM. The first ATM will come to Johannesburg, South Africa. A second one, which will come a month after....