In this video John Wainaina Karanja C.E.O Melanin discusses the African energy market has untapped potential worth $2 trillion. With Africa’s fast-growing population, technologies like blockchain, IoT, machine learning, and AI can revolutionize access to energy. However, the high cost of solar systems and renewables, particularly when compared to oil and nuclear energy, poses a challenge. To address this, cryptocurrency mining could tap into wasted energy sources, like gas flares, converting them into something valuable. This idea is particularly useful in the context of Africa, where countries like Nigeria are already adopting Bitcoin as a cost-effective means of transferring money. The energy used in Bitcoin mining is argued to be more efficient than traditional brick-and-mortar banking systems. Despite this, there’s room for improving the adoption of renewables in the crypto-mining energy mix.
Driving adoption of Sustainable Energy Solutions Globally!
