He Mined in UAE & Ethiopia. Both Turned Against Him.

Cheap power means nothing if the government turns against you. Giannis Andreou, CEO of Bitmern Mining, started hosting Bitcoin miners in the UAE on agricultural power below 6¢/kWh, was forced out when the government banned that power, moved to Ethiopia, and is now watching the same story repeat as the Ethiopian government takes over mining and large operators pack up and leave.

Giannis breaks down what went wrong in both countries, why it took 45 days to get his miners out of the UAE, how Ethiopia's uptime fell to 70% before things got worse, and why e...