I am in Nairobi and here we have cheap electricity that enables us to mine and get better rates. I pay about $ 0.1 per 1 kwh which is very cheap as compared to many countries.
I guess making bitcoins in Africa could be a very profitable project for heavy hardware investors. What are the rates in your country ?
The electricity bill in my country is as cheap as yours. Everything is very cheap and my country is an export hub. So my country and you would be a good place to exploit Bitcoin. In addition, electricity prices can be negotiated for nearby power plants and interest rates will increase further.
