Crypto in Africa: Bithub uses solar energy for crypto mining | solar energy,mining,Crypto in Africa,blockchain,cryptocurrency,Africa Digital Assets Framework,Kenya
coinspectator -
The Africa blockchain ecosystem continues to grow in the last days, with some areas finding new ways to apply blockchain technologies, while others are looking for ways to regulate the ecosystem. Solar energy to power crypto mining in Kenya Bithub Africa, a blockchain-based start-up, has set out to save the environment while mining cryptocurrency. The company, which was formed by John Karanja to dispel the myths that cryptocurrency mining is degrading the environment, has found a way to harness solar power for use in mining cryptocurrencies.

In an interview, Karanja explained how the solar panel project works and how it has the potential to transform the crypto mining sector. He explained that by using the solar energy largely available in Africa, mining companies would be able to save the environment while cutting down on mining cost. Since its launch three years ago, Bithub Africa has worked to increase blockchain adoption in Kenya and other countries across Africa.

Africa Digital Assets Framework hopes to harmonize blockchain standards in Africa The African Digital Asset Framework (ADAF) officially began its project on November 2. Due to an increase in blockchain and cryptocurrency activities among countries, experts believe African governments should establish and coordinate clear guidelines that would unlock blockchain’s full potential to smooth transactions across borders. In the long run, ADAF wants to make things easy for African start-ups and governments by building a blockchain that embeds compliance with financial regulations across different jurisdictions. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

read more