Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 256. (Read 1333031 times)

About the issue of electricity which is very important for miners to have access to cheap and constant electricity. In Nigeria, most regions do not have access to constant electricity, but there are some areas with constant electricity. I remembered the time I spent in Katsina, although not all areas have electricity, but there was a local government called Batagarawa where almost all tertiary institutions are located, they gave access to 23 hours electricity in a day or more. Also the Katsina town itself have constant electricity, in the GRA, if electricity is poor, there will still be 12 hours electricity in a day, but oftenly having access to more than 23 hours electricity. I chatted with our of our Nigerians that told me of 23 hours electricity in his area too. Although, in my area, electricity is very poor.

What comes to my mind is that, there are places there are constant electricity in Nigeria but few. But, the issue is to know if the electricity is cheap or not. But, there are two types of payment in Nigeria, the prepaid and the post paid. Using post paid, Electricity company in my state do not check Metre at all, thy calculate it based on how big companies and houses are, people can take advantage of this to mine Bitcoin or other crypto assets in Nigeria.

I am not sure about postpaid, it might not be cheap, but users have to calculate this on their own because the bills differ from state to state. I noticed we in my town paid less in electricity than people is another town. Because of this, it will be good for the person that want to mine bitcoin or any other crypto asset in Nigeria to calculate this on his own.

First by checking the watt the miners will consume
Also the watt others like cooling machines will consume during hot weather
Checking also the bitcoin paid by mining pool for the hashes generated for the miners he want to buy.

All thes will be used to calculate if mining is profitable in his area of location in Nigeria. Mining profitability will really differ from area to area.

About the issue if miners, I do not also think ordering from countries like China should be a barrier, but having retailers selling miners here in the Country will make them cheaper, getting it from abroad is not bad after the profitability calculation is made and positive.

Haha. Omo this man funny Oo. I no too get wahala with the questions even as na oyibo language throughout. Na why I kukuma use Oyibo language am too. Because at the end of the day, we need to be sure say the person we dey try communicate to dey get our point.  I believe say pidgin go dey mix up with oyibo language here from time to time so we fit get more wider community reach.

I for ansa the questions if to sey I understand dem oh. Una know sey I nor dey fit read oyibo language once I nack enta dis owa house. Too much oyibo yarns nor dey good for my bori, you know wha I mean? 🤔🤔

Let me give it a shot


Considering I've never really mine Bitcoin, I can't really tell if it's profitable to mine Bitcoin in Nigeria. I've also not seen anything remotely about mining in Nigeria. I don't mean those mining apps on app stores but mining using mining hardwares.




Depends. Since Bitcoin's mining difficulty is on the high side and block rewards get halved every now and then, it would be more profitable to mine altcoins especially those with good rewards while requiring low-medium input.


None that I've heard of. But it's the 21st century where it's remotely possible to order anything from anywhere in the world. So even if there's easy a place you can get them in the country, you can still get your hands on those babies.



I think the ban only covers the exchange and usage of cryptocurrencies. Don't necessarily concern those who mine. They could be doing it for fun as far as they don't get to exchange/use it to pay for products and services, they should be fine.


In my opinion, the primary reason is lack of adequate resources like electricity. You need lotta power to be able to mine those coins/tokens and power isn't something we see regularly.



If done right, I don't see why it won't be possible. Solar is a really good and renewable energy and can get jobs done without much recurring costs/expenses.

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My people, sorry say I use English answer. I just use am since Oshosondy ask the question for English. Make una no vex abeg.

Bitcoin mining has been profitable since the creation of bitcoin in 2009, the difficulty of mining has been increasing while mining reward is decreasing. But the bitcoin valuation in bitcoin price makes it still profitable to mine bitcoin. I know about bitcoin mining in countries like China, USA, Russia and some other countries, but I have no much idea about bitcoin mining in Nigeria. These are my questions:

1. Is it profitable to mine bitcoin in Nigeria?
2. Or, it will be better to mine altcoins instead?
3. Are their selling places for mining hardwares in Nigeria, like ASICs?
4. As CNB banned bitcoin, is it possible to import miners into Nigeira?
5. What are the factors making mining not possible in Nigeria to be amount the countries competing most miners are located?

I still want to ask some more questions, in mining, there must be constant electricity, cold weather will also help, but we all know Nigeria is hot, which means we need more access to electricity and cheap electricity. Normally, electricity is not good in Nigeria, a country of over 200 million population estimate generating very low electricity. I am think if it is possible to make use of solar to mine in Nigeria, maintenance of solar is not easy while solar itself is costly.

Will mining with solar profitable?

Not a must to answer all the questions, you can just answer the ones you are quite sure about.

Lol government no really get the power to ban crypto na only to regulate their own money dem fit, no be by who dey forum or not Nigerians just dey go school to read, understand and assimilate sometimes dey be my people problem.  But the forum sef dey really contribute to much knowledge wey person gather dey use protect him sef ahead of any problems wey for arise. Highest Binance talk say dem no go send money for person bank account again men to resort to P2P and OTC trading. If e too much another means to go still open.

This public matter wey VP been talk for Twitter few days back just gimme the false impression say; our leaders really Sabi the right thing na wickedness just full their minds. How you go sleep wake up say you wan ban wetin dey give your citizens daily bread? Plenty career opportunities done comot for this industry wey make make the economy dey flow well at some point. Make we try dey dey careful sha.

Las-Las, e con be like say, all this matter way dey the country on crypto ban no really affect anybody for the forum o, life still dey go on softly. I no feel am at all, e con be like say, na only people way no dey forum dey cry the cry say them shot down there account and things like that, where government power reach.

Na why e good to participate wella for the forum o, nothing fit shake you because, you dey informed on how to guide your thing and play safe.
Congrats to all of una way dey here and escape this government palaba, una cajality strong no br chaise!

Nor just let the thing para you. Do eye like sey you nor even dey see the guy or any oda ones wey dey do anyhow and form galadima. Avoid dem like where lion see grass. Just make sure you dey code yasef wella. Avoid them if your mouth neva dey strong for any mata wey dem dey yarn. Na d simple mericine be dat. And nothing go do you. Kontinue dey read and improve wetin dey inside you.

This list them cef dey fear me o, we way never get better stand for the forum or chop money for the forum, this guy don dey make the place look too challenging. Make e no motivate person to over do then them go ban the person o. I no want wahala. Me way still dey suffer to build my account.

That guy na wahala i no go lie you. Na why the other one be en better halve. The guy policy be as e get. E no dey make brain at all but, anyhow e be, so long as e go pay, we gat do well with am too though, me no fit chop that kind grass en dey offer person. Na man i be no be cow. Na when i never open eye for fit dey apply for that kind thing. Na to degrade my account be that na, e con dey like say we dey beg. I kukuma no apply, make people way never taste fries for the forum know how e dey be. Very dirty somethin g na em en do so, e be like e no dey use en head.

Steady on code o, make e no be wahala for anybody, na still senior man e be for the forum so, wida your eyes!

Bros, ya head dey dia! Kai! Nothing wey persin nor see for im hand oh but unto sey we dey find wetin we dey chop we just coolele dat time. As you yarn dis thing na im I rush enta your profile make I check because anybodi wey throw dis kain comment sabi wetin im dey talk unto don dey here tey. Na so I com see sey na d same month dem even born me & you for here sef. Una see as life dey be onto dat guy mata? Dem sey life bi like barber chair, na so e dey turn turn. I tuale for my current manager. D guy sabi talk to people wen you get gbenge. But d other guy nor be am at all. E sabi carry shoulder up like mosquito wey jus do abortion.

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So, ya eyes too sabi see wella. Na im even start dis 5 coolele water thing to take enta campaigns. And dem take am gbab many guys dat year wey rush sama demselves with coolele something to take enta. Nor be small thing oh. But see where d guy dey na. Life na cruise jor.

Most of these managers no just get joy most shit posters for the forum no make the unhelpful list, lol. No be by who Sabi post pass I done see legit posters wey make the list. But as the day passes make we try improve on our daily activities and post level here. As per na one of the only work wey dey put food for table currently be this. Offline jobs too difficult with rigorous schedule and intolerant bosses.

Lol baba leave dat guy mata de kind pride wey him get nobe here ooo and naso him dey pay peanut nain make anytime anoda campaign showcash nigass dey tuama shapaly comot for him campaign and edey pain am well well..u no see him new campaign wey him dey pay Sr.Member $21? Na him papa buy me phone ni, a bi na from $21 I go take give ashawo urgent 2k ni.... His dad.

Make una no reason watin Charli bring. Na say make we improve on ourside e mean via that manager view, i no wan mention en name but na the matter be that. No be say we no dey post well o abi we no dey try o but then e no go, go well say them misrepresent you for anywhere for the forum. That na wahala because, people way go believe in the thing go dey watch from one side and na fk be that. So, we gat wise up and do our best to avoid in fact both list cef. If you no make the good one, at least make you no make the bad one kwa. Real matter o.

Dis life na God dey give persin chance dat guy for 2017/2018 season na him rein pass for that service section but see dey persin wey rein now, this guy dey dominate that forum now both bounty and signature campaigns everi bodi just day take off from the other guy side dis life no be one way traffic if it swerve go one persin side e go swerve to another persin.

Lol my guy dey tak chill pil somtims oo. Nothing concern wetin u bring com with post. D guy dey para as men waka comot. I sabi say bible say e beta make we dey show 4 where dem dey bury persin pass where bash dey but no be so dis place be. If u check am well , u go see him real vex , men waka plenty.

Mak we try 2 dey code d tin wey we dey print here abeg. Ur own na pure Elizabeth way. If u no u no.

My guy, relax. I see dat thread too yesterday na so I scatter laugh on top the matta. So, you think sey na bc of quality dey make people get merits abi? Abegi, make we nor deceive owaselves on top that matta jor. And about d thread topic wey you post here, nor be cause of quality make that dude (I nor want mention im name) blacklist those people. Na pepper body dey do that guy as people dey take leave im campaign once other campaigns catwalk enter arena. People want campaigns wey stand wey unto to put food for table na. How you go enter campaign and to pay for data na wahala bc keshi dey small. Ok, if you carry am go quality side. You nor see Lordhermes and Gozie names there? Those guys even get better merit pass me within 120days. So?

Abegi no mind anyone categorizing nigerian as spammers, brother na lie abeg no be the nigerian wey I know for the forum eh. We dey try abeg infact we better pass most local board. See eh I dey manage Campaign (if not the highest number self) if you see as my eye they pain my every week eh from reading all other guys (no wan call local board name) but their english no be here talk more of their quality.

For nigerian na only bounty hunters they spoil our name if not we dey show working abeg. Make una just keep am up, improve more for the quality wey we dey deliver and in the right time we go all rank up. That e new blacklist fit be as a result of say e see my talk wey make me add someone new to my black maybe d tin just refresh e memories and e decide to update e own blacklist.

Never mind to bring this up here, but I think it is very important as some Nigerians are concerned, make we please double our hustle. I do not know how true this is, but we need to increase the quality of the way we post.

https://bitcointalksearch.org/topic/m.56447596

CBN no fit do pass him capability, CBN fit make the bank not provide services for crypto businesses but crypto can be p2p, na why we still dey enjoy the benefit of bitcoin and other crypto. E funny me when senate talk say they wan invite CBN governor wey no know anything about crypto but carrying false information around. Waiting senators know about crypto? Nothing. Na false information CBN go pour down wey senate go gree. I no even do much follow up again about leaders wey no know anything about crypto. Waiting Osinbajo talk is true and realistic, na regulation we need.