Bitcoin Devours the Electricity Meant for the World's Poor
For the post-independence leaders of Egypt and Ghana in the 1950s, hydroelectricity and sovereignty were inextricably linked. Building vast irrigation and electricity projects across the Nile and the Volta was a prerequisite if they were to catch up with their former colonial masters. That association still holds: Four of the six biggest users of hydro today are Brazil, Russia, India and China, the BRIC nations synonymous with the idea of rapid economic development.
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