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According to a report, Ghana Dot Com, one of the first Internet companies in the West African country, has set up a legitimate mining centre. Further crypto currency projects are also planned.

The fact that it is not the first world, but the second and third worlds that are the places where Bitcoin really makes a difference is a saying that has been around for a long time. In fact, a crypto currency has much more potential on continents like Africa, where there is no single currency and banking only reaches the elite, than in Europe, where we already have a well-functioning free trade area and a bank account is a fundamental right.

According to Coindesk, the Ghanaian company Ghana Dot Com – ghana.com – is now seriously entering mining. The IT company didn’t disclose any details, but said that the mining farm is already producing “several hundred terahashes per second”, which is in the per mille range of the entire hash production of the network and should generate a low single digit number of bitcoins per day.

Ghana Dot Com is the company of the African Internet pioneer Nii Quaynor, who founded one of the first Internet service providers in Ghana in 1993 and sits on the ICANN council. Quaynor said his company pioneered the spread of computer and Internet technology in Africa and will do the same for Bitcoin. By working with Bitcoin, he said, you are helping to promote crypto currencies in general in Africa. In his opinion, digital currencies and the blockchain have the potential to change the global financial economy. Quaynor didn’t want to talk about the other crypto currency projects that would follow soon.

About Ghana

Ghana is located in West Africa. The modern state of Ghana takes its name from the ancient empire of Ghana, which was geographically located several thousand kilometres northwest and in no historical continuity to the modern state of Ghana. In pre-colonial times, several great empires or federations existed on the territory of the present-day state of Ghana, e.g. the Ashanti Empire in Central West Ghana, which was finally defeated by the British colonial rulers only at the beginning of the 20th century, the Kingdom of the Dagomba in northern Ghana and the Federation of the Fanti in the south.

Ghana is one of the world’s most important gold producers and the second largest producer of cocoa. Nevertheless, Ghana is still one of the poorest countries in the world.

Climate

Ghana is a tropical country, so there are no seasons, but a change between the rainy and dry seasons. Almost equally long days and nights determine the life.

The climate in the humid south with its evergreen rainforest areas can be roughly distinguished from the drier north with its tree savannah, shrub savannah and grass savannah in the northernmost part. The Harmattan, a trade wind blowing from the northeast, determines the dry season between November and February.

The West African monsoon brings the rains in the rainy season. Most rainfall occurs in the extreme southwest of the country on the coast (over 2,000 mm per year). The annual precipitation amounts to 1,000 mm in the north and up to 2,200 mm in the western part of the coast near the city of Axim. At the capital Accra it hardly reaches 800 mm.

Origin of the name

The name derives from the old West Sudanese empire of Ghana to whose territory today’s Ghana never belonged.