Generating electrical energy sources has been the best option for the Bitcoin mining ecosystem globally and this is one of the many areas we are getting it wring here in our country. Just like you pointed out, there are few other challenges as to ensure steady and successful Bitcoin mining activities here. But if we narrow our talks down to electricity supply, we can say that the government has a big role to play,  just like the OP has said earlier.

As of 2019, just like the link the OP shared in this thread above, that a study by coin shares estimated that at least 74% of crypto currency's global consumption came from renewables, mostly in the form of relatively cheap, Chinese hydropower. This is where the government comes in. Enhancing the level of power supply in the country is a major deal and will in a great way set a move on the feet of lovers of Bitcoin miners in the country. There are other cost involvement to succefully min Bitcoin. This will be way too much as people who think of involving I'm Bitcoin mining may think or may not afford. But if the government comes in, create a reliable plus sustainable electricity supply round the country, it will not only lessen the financial burden on miners, but also encourage other would be Bitcoin miners to come on board as they will Chanel their resources to other areas in ensuring a successful Bitcoin mining process.

If you ask me, the government has a very big role to play in this because if you properly examine few other countries involved in Bitcoin mining, they have helped in creating a level ground in amenities which make such mining activities successful. The Nigerian government may not have made rules against Bitcoin mining in Nigeria, but can help in fast growing it's activities if they put few things in other.


Yea, I agree with you in this. And just like you have raised, the electricity is a major problem. We all know that the availability of a thing gives interest to it. So unavailability of steady electricity supply in so many parts of the country has in great ways killed the interest of many. I believe there are many people with miming interest and ability. A supportive play ground created will enable us grow in plans to grow and min.

On the other hand, investing in Bitcoin too, a great idea. If you can't min due to the large cost, you invest and hold. Smiles. I think I like the sound of that because over the years, Bitcoin investors has made remarkable marks and growth in the investment world. And we are sure it can only get better while holding for long..

With all these wey you talk, reaching here, you come point another wahala. That means Bitcoin is not truly legalize fully for our country cos if really it does, all these facts wey you point out so, for no dey about Bitcoin recognized as legal tender in Nigeria.

As we can say to this, cryptocurrency na d least thing wey Nigerians wan think about because there are other crucial things our calls for attention that we expect our government to resolve in no short time to avoid disintegration of the country.

With such view and perspective of wanting to get back all your losses, the person will end up losing everything, if emotions are not well controlled. Accepting your losses is a part of the success story along the line, when there is more success, and at that time, there will be story to give out and advises for people who will find themselves in such situation/condition.

When there is a loss, take out time and relax your mind, view each steps that was taken that lead to these losses, research on it and take your corrections, with this, there will be improvements in the next trade.

There is a wide difference between investment and gambling. Some people see crypto industry as an investment while some look at it as a means of gambling.

👉👉The investors: This group of people take their time to make necessary researchand look deeply into project before investing their money. They know the risk involved in the space, so they also make a move on how to manage the risk.
👉👉The gamblers: They are always eager to make money. Even when they see high risk on project, they still invest thinking every thing in the space is risky.