For years now bitcoin has thrived in Nigeria at a high rate. However today I figured out that no one talks about mining in the Nigeria board the same way we talk about P2P exchange. So I had to do some research and it turns out that Nigeria is actually not thriving when it comes to Bitcoin mining .Here is why.
Normally, we all know that mining needs a huge amount of steady energy supply to power the (ASIC) mining computers but in Nigeria we don't have steady electricity given the poor amount of energy supply and even low current This has made mining impossible in Nigeria. I can't even mention fuel or generators as an alternative to this issue. Furthermore, mining needs to be in a cool environment and our Nigeria's sun is very hot . Given that The computers and equipment needed to mine are very costly and can't even be found in Nigeria even if it was to be imported the cost of shipping them from other countries will be very high so just imagine they gets spoilt that will be another wahala entirely.but still it has been said that whatever has a problem must have a solution.
The solution I have taught of can only involve government intervention. It is certain that we have a high amount of renewable energy right , energy like solar and hydropower. It's a big one, but if the government chose to invest and develop on it, I am certain that it will bring about more reliable and sustainable cheap energy that can be used in the mining industry. And as well creating educational centres for people to learn how to use the mining technology. With that they will give all this private companies a good reasons to invest in renewable energy like solar and hydro power. This wouldn't only help the crypto mining industry, but other businesses that are still look for steady power supply also.
check out this links below
https://bitcoinmagazine.com/business/how-bitcoin-mining-is-perfect-for-nigeria All this involves the government intervention if possible they decides to build a local market for mining gear and experts in Nigeria, it will make our country Nigeria a major crypto mining country in Africa.
Bitcoin don dey boom for Najia for many years now especially P2P trading everybody dey talk about am but I come notice say nobody dey really talk about bitcoin mining like that so I do small research and e clear say Nigeria no too dey shine for mining at all.
Why mining need strong light and heavy equipment but for najia light no stable fuel walha lau to much generator no be sustainable and sun dey hot like fire plus those mining machines cost die and to import dem na another level of expense if dem spoil nko na wahala.
But sha every problem get solution Nigeria get many renewable energy like solar and hydro if government fit put hand invest well and make better infrastructure we fit build something strong dem fit even open Centres way go teach people to mine proper if dem do all this e go attract private companies join body.
No be crypto mining go gain even normal business go benefit form better power supply na win win.