Ethiopia has reduced electricity supplied to Bitcoin miners by 77% as declining reservoir inflows pressure the country’s hydropower system, Cointelegraph reported. The state-owned power producer is prioritizing electricity for households and manufacturers amid the shortage. Bitcoin mining accounted for 35% of the utility’s revenue last year, highlighting the sector’s importance to its finances even as available hydropower has come under strain. The cut represents a significant reduction in power access for miners operating in Ethiopia and underscores the tension between cryptocurrency mining demand and electricity needs from households and industrial users. The report did not provide additional details on how long the reduction would remain in place or its effect on individual mining operations.
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Cointelegraph
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