Bitcoin Devours the Electricity Meant for the World’s Poor
Bloomberg reports that crypto mines and data centers overwhelm the hydropower projects built to lift nations out of poverty.
For seven decades, poor countries wanting to get rich have turned again and again to dams. For the post-independence leaders of Egypt and Ghana in the 1950s, hydroelectricity and sovereignty were inextricably linked. Building vast irrigation and electricity projects across the Nile and the Volta was a prerequisite if they were to catch up with their former colonial masters. That... ...
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