{"id":5265,"date":"2026-09-16T15:52:47","date_gmt":"2026-09-16T12:52:47","guid":{"rendered":"https:\/\/bricsmagazine.com\/en\/?p=5265"},"modified":"2026-09-16T15:58:26","modified_gmt":"2026-09-16T12:58:26","slug":"bitcoin-miners-ethiopia-el-nino","status":"publish","type":"post","link":"https:\/\/bricsmagazine.com\/en\/main-issue\/bitcoin-miners-ethiopia-el-nino\/","title":{"rendered":"Bitcoin miners in Ethiopia have been affected by El Ni\u00f1o"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Their electricity was cut by 3\/4 <strong> <\/strong> <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Ethiopia has sharply reduced electricity supplies to crypto miners due to a drop in water inflow at its hydroelectric power plants. Against the backdrop of El Ni\u00f1o, inflows into reservoirs have decreased by approximately 20%, and the state-owned Ethiopian Electric Power (EEP) <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/ethiopia-cuts-power-to-bitcoin-miners-by-75-as-el-nino-dries-up-hydropower\/08xjvjc\" target=\"_blank\" rel=\"noopener\">has cut supplies<\/a> to mining companies: first to 75% of the contracted volume, then to 50%, and now to roughly 23%. Priority is being given to industry and households.   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The reason Ethiopia became a notable mining hub in the first place is its extremely cheap electricity. As shown in the <a href=\"https:\/\/www.visualcapitalist.com\/electricity-costs-most-and-least-by-country\/\" target=\"_blank\" rel=\"noopener\">Visual Capitalist<\/a> infographic, the average cost of electricity for households in Ethiopia is about <strong>$0.006 per kWh<\/strong> \u2013 the <strong>second lowest figure among 145 countries<\/strong>, after Iran. For comparison: in China it is about $0.076, in India $0.077, in South Africa $0.204, and in Russia $0.068 per kWh.   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But the energy cost of the mining boom is becoming increasingly apparent. According to an estimate cited by <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/ethiopia-cuts-power-to-bitcoin-miners-by-75-as-el-nino-dries-up-hydropower\/08xjvjc\" target=\"_blank\" rel=\"noopener\">Business Insider Africa<\/a>, mining <strong>a single bitcoin requires about 6.4 million kWh<\/strong> \u2014 as much as approximately <strong>14,950 average Ethiopian households consume in a year<\/strong>. Meanwhile, around <strong>half of the country&#8217;s population still has no access to electricity<\/strong>.   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Miners already consume almost <strong>a third of the country&#8217;s electricity<\/strong> and, over the past financial year, <a href=\"https:\/\/www.moneyweb.co.za\/moneyweb-crypto\/bitcoin\/ethiopia-cuts-bitcoin-miners-power-supply-as-el-nino-hurts-dams\/\" target=\"_blank\" rel=\"noopener\">provided<\/a> the state energy company Ethiopian Electric Power (EEP) with about <strong>35% of its revenue<\/strong>. A significant share of this market is made up of Chinese companies, which were attracted to Ethiopia by low prices for hydroelectric power.   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Will the situation affect global Bitcoin mining? Experts believe it will not. Although Ethiopia is Africa&#8217;s mining leader and <a href=\"https:\/\/hashrateindex.com\/blog\/global-hashrate-heatmap-update-q3-2026\" target=\"_blank\" rel=\"noopener\">ranks 8th<\/a> on the global list of miners, its computing power accounts for about 2.4% of the worldwide total. The country became Africa&#8217;s main mining hub largely thanks to cheap hydropower and Chinese companies that relocated their operations there. A reduction in energy supply does not threaten Bitcoin&#8217;s operation, but it highlights the vulnerability of a model built on cheap yet climate-dependent electricity, and could accelerate the flow of new investment into other energy hubs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Their electricity was cut by 3\/4 Ethiopia has sharply reduced electricity supplies to crypto miners due to a drop in water inflow at its hydroelectric power plants. Against the backdrop of El Ni\u00f1o, inflows into reservoirs have decreased by approximately 20%, and the state-owned Ethiopian Electric Power (EEP) has cut supplies to mining companies: first [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,1042,3],"tags":[],"country":[],"authors":[],"class_list":["post-5265","post","type-post","status-publish","format-standard","hentry","category-agenda","category-brics-plus-news","category-main-issue"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin miners in Ethiopia have been affected by El Ni\u00f1o - BRICS Business Magazine - EN<\/title>\n<meta name=\"description\" content=\"Bitcoin miners in Ethiopia have been hit by El Ni\u00f1o: water inflow to hydroelectric power plants has decreased, and electricity supply to companies has been cut to 23% of the contracted volume.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bricsmagazine.com\/en\/main-issue\/bitcoin-miners-ethiopia-el-nino\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin miners in Ethiopia have been affected by El Ni\u00f1o - 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