How Bitcoin is Mined in Kenya
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- เผยแพร่เมื่อ 1 ก.ย. 2023
- I paid a visit to Gridless Compute's (gridlesscompute.com/) Bitcoin mining operations in Muranga County, accompanied by a group of Bitcoin Toxic Maximalists. These individuals firmly hold the belief that Bitcoin is the sole digital asset that will remain essential in the future, asserting that all other digital currencies are inferior to Bitcoin.
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Humbled to be part of quite an insightful journey, Thanks Orwa, and Good Job too.
Cheers Lee
Intresting, Kenya always on the forefront of technological advancement in SubSahara. Great content.
Thank you. Kenya needs more advancement in tech.
I really enjoyed the video. I will really enjoy if you made a part two. The questions I have already been posted in the comments section. I think the part two would address them well. Good job.
Thank you. We will try and shoot part two once we get in touch with some Bitcoin Experts.
@@blackorwa Sawa sawa. Well done.
@@user-pq6fv3ef2p cheers
that was an interesting video. Keep creating. Dope content
Thank you!
We need more stuff like this bro
Cheers bro. More coming your way.
Excellent work Orwa !
Thank you.
This is smart...
Electricity is what consumes most of the capital in the mining and you guys have managed to bypass the expenses..
One question though... Why bitcoin? I'm sure there are other crypto that will provide high rewards...
Setting up Bitcoin mining rigs at power production facilities is the best means to mine at lower cost.
On Bitcoin. It seems to be the only crypto that is trusted by crypto-heads.
Interesting but quite insightful😎
I am glad you found the video interesting and insightful.
Nice.
Cheers!!!
Interesting...but I wish the video was a little longer....get more explanation on the mining process, the equipment being used and if they would be comfortable with sharing how much bitcoin they mine in a typical 24hrs
Thanks. I should do part two of the video. The overwhelming response is the missing definitions and breakdowns
@@blackorwa loved the content all the same...I didn't even know we had a Bitcoin farm in Kenya...a part two would be awesome
th-cam.com/video/iuFdlZnbN68/w-d-xo.htmlsi=D4Scw_WIXicHwXZT
They are using antminers, running on sha 256. those machines are super pricy, and I think they make around .01 btc a month judging by the number of machines. But the numbers could be different, plus I'm just speculating
Good stuff Orwa !
Thank you!
amazing operation. Shoutout to all Bitcoin Maximalists
Cheers!!!
Thanks for the video but perhaps showing us hapo kwa mining factory and what really happens ndo I was expecting. In future you can have an explainer for that😊
I will do so in future
@@blackorwa Asante
th-cam.com/video/iuFdlZnbN68/w-d-xo.htmlsi=D4Scw_WIXicHwXZT
I never knew that we have miners in Kenya. Which company do they use for Bitcoin transactions?
I believe Gridless is the largest miner in Kenya. There are other small household miners. The Bitcoin Toxic Maximalists use Bitnob for transactions (bitnob.com/)
I love this job this is very powerful and great investment would love to visit the place someday hope you can take me there please
Book a trip with Bitcoin Mtaani x.com/BitcoinMtaani?t=zstcJsnZKiXI2Nun3TBuWg&s=09
Thank you so much God richly bless you sir
@@mightyj777 you are welcome
Very very interesting. I should replicate this in my home constituency of Bondo. I mean we have water but lack electricity at the scale that the locals deserve. Please how can I get in touch with these guys..
Please go ahead and invite us to document it
Interesting stuff. What he didn't tell us is Bitcoin is also attached to USD. So either way using local currency or Bitcoin the USD plays a foundational role
100%. To spend Bitcoin you have to convert it into the local currency
nop. not attached anyway.
Yow, this is big. i thought we had no farms. Im also mining XMR using 8 motherboards and 16 ryzen RTX 2080 gpu's. I have always wanted to scale up, do you think I could rent a space there with them😅
I don't know whether Gridless has an exclusive contract with the hydro company.
What exactly is bitcoin mining? Was really hoping this would be explained at some point in the video.
My apologies for not getting the explanation in the video. It is creating a type of currency by solving complex mathematical problems using computers.
When is the company going public I would like to move with them maybe you gaes need to look at what Ghash mining is doing 😊looking forward to hearing from you kaniro
I am not sure the company is going public anytime soon. I have heard about Ghash mining but haven't dug deeper into time. Time to pick and book and read more about it.
Who owns the mini-grid?
Was the mini-grid already there when Gridless Compute came?
The mini grid is own by an entrepreneur known as John Magiro. It existed since 2015. Gridless simply put their Bitcoin mining rig within the existing power station.
Quite interesting. How much are they able to mine in 24hours?
I am not sure on how much they mine in 24 hours.
Didn't see any machines mining bitcoin but only two phones and a lot of trees
You missed the part of the video where there was an array of bitcoin mining machines.
Hello, how can have a copy of that book
Get I touch with @MasterGuantai on Twitter -> twitter.com/MasterGuantai
Wait, so btc mining is legal in kenya
Yes it is
How can i get my hands on bitcoin pls make a video about it
You can purchase Bitcoin from the Bitnob app. You simply need a phone camera to make a video
How much is it
@@KenshinYeager-ru9zs I Bitcoin = Kshs 560,000 in today's price.
to join this mining
The mining is run by Gridless Africa. Check with them.
how can I join, send code
How do you mean? Which code?
I would like to know how much it takes to mine one Bitcoin.
That can be equated to how much energy is spent to keep the computer on mine one Bitcoin. At this moment I am not aware of that amount.
Was looking forward to an explanation of how bitcoin is mined. 😢
Pole
Too bad the halving is soon and the miners will be making half the profits per unit by the end of april next year..
It might bring back the bull market tho so it's not that bad
Bitcoin has lost over half its value in the past 2 years so how is it stable?
It is indeed true Bitcoin has lost more than half its value in the past two years. Bitcoin Toxic Maximalists explanation on stability is Bitcoin not undergoing inflation. The lost value is when Bitcoin in converted into dollars.
The concept of supply and demand will always make Bitcoin more valuable in the future than it is today. There is only limited amount of Bitcoin on the network and as we know if something is in less supply then the price and value has to go up. If you compare 2015 Bitcoin price and todays price. Todays price is higher
Wakora
Nani hao wakora?
Pin location
Somewhere in Murang'a
MWAFRIKA. AFRICANS. BE PROUD. DON'T COPY. ALKEBULAN.
We rarely invent. Our only option is to copy.
@@blackorwa "Our only option is to copy." Don't be defeated in your imagination.
@@user-pn9ru9dy9d I am not defeated in imagination. Just stating how our society operates.
Thank to hacker lord it make me what i am today 🎉🎉🎉🎉🎉🎉🎉😅😊😊😊
Cheers!!!
bitcoin is freedom😂
Are you a Bitcoin Toxic Maximalist? 😁
"Promo sm" 😆
LOL
Good content but bad title and thumbnail. "I Went to a Bitcoin Farm in Muranga." "How Bitcoin is Mined in Kenya" --- This could generate more views and interest from viewers.
"Bitcoin maximalist" will only interest nerds who still care about cryptocurrencies
Thank you for the feedback. I think your title is way better tha mine. I struggled to figure out a good title. I will replace it with yours.
No don't put you money in bitcoin. Terrible advice! When the value drops utalilia nani?
I learnt the hard way. I am not putting my cash on Bitcoin. Just a little to understand how it works.
Most people who invest short term hoping for crazy profits often lose their investments. Back in 2014 the value of one bitcoin is not where it is today...even recently for example in 2018 when XRP was launched at less than 10 cents in kenyan shillings and now it's somewhere around 30....This is the story with most of the popular crypto coins.... But you find investors who have been hyped by the media buying coins when the markets are bullish only for the markets to change towards a bearish trend and they then end up losing their investments.
@@ronaldrigz123 I am not a Bitcoin head but I think they mine to keep it not to trade it. So the drop in value doesn't affect them.