With Africa's rise in share of global Bitcoin mining hashrate now just under 4%, the question is how this hash power is being used and by whom 📌
In my latest for Forbes Crypto, I look into Africa's "Hashrate Exfiltration Problem" and future outlook.
"Put simply, “hashrate exfiltration” is the use of a region's hashrate by a foreign entity or power in furtherance of its interests, often at the region's expense. [...] The legacy of resource extraction in Africa may see another unfortunate renaissance in Bitcoin mining if care is not taken."
"Africa’s resilience against all these odds will set the global template for building resilient money and energy infrastructure, ensuring a future of hope and abundance for all."
Forbes
Africa’s Bitcoin Mining Hashrate Exfiltration Conundrum
Presently, Africa’s share of the global Bitcoin Mining hashrate has grown to just under 4%, the question now is what and how that hash power is b...
