Africa Is Poised For A Bitcoin Mining Boon
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Loading... - Dofa Sifuna
- 03 Aug 2022
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Mining headlines are typically filled with mentions of North America and Asia, with occasional mentions of Latin America. But another region of the world is showing some unnoticed signs of consistent interest in the mining sector.
This article explores some data that shows interest from African nations in mining and profiles a few companies known to be mining in the region, with all of this contextualized by Africa’s widely-reported general interest in Bitcoin as a plausible precursor to a booming mining industry.
Data On African Bitcoin Mining
Google Trends are some of the most frequently cited data sets in Bitcoin and other cryptocurrency circles to demonstrate interest, sentiment shifts and various market conditions. The reliability and accuracy of this data is never perfect, but it often does generally reflect reality.
So, who is searching about bitcoin mining the most?
The answer is multiple African countries, according to Google Trends at the time of writing. This data was also noticed by the mining research team at Compass Mining almost a year ago, and it still holds true today.
