Nemo Semret
@nemozen
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Co-founder/CEO @QRB_Labs. Formerly: co-founder/CTO @GroIntel ; founder Contributor by Google; Search & AdX @Google ; co-founder/CEO https://t.co/R1xZIEUiwa
non sum uni angulo natus
Joined April 2007
@ETMissionUN @UNWebTV @jojo62832059 A solution for the long term problem of sharing the Nile https://t.co/Q89fVmwzpd
nemozen.semret.org
Nemo Semret's blog
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Cheap energy, untapped resources, and the will to innovate 🌍⚡ Africa is becoming one of Bitcoin mining’s most exciting frontiers. Hear it firsthand with @ouagawalton CTO of @Gridless, @nemozen CEO of @QRB_Labs, Davis Hui VP at @canaanio, moderated by @gzanganeh VP of @Tether_to
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@ETMissionUN @UNWebTV @jojo62832059 A solution for the long term problem of sharing the Nile https://t.co/Q89fVmwzpd
nemozen.semret.org
Nemo Semret's blog
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Dear @Google @googlesearchc , now that free speech is cool again, can you please put my blog back in the search index? It was removed after a post criticizing Biden administration foreign policy @bing for comparison:
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1GW at a single data center location ,🤯
xAI now has 460 MW of natural gas turbines installed and either operating or under construction. This includes 12 SMT-130 turbines at Colossus-1 and 7 Titan-350 turbines in Mississippi, located right across from Colossus-2. @elonmusk and @BrentM_SpaceX chose Mississippi due to
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The case for #GERD + $8B/year of GDP for #Ethiopia + for climate + no reduction in flow + for droughts and flood mitigation in #Sudan and #Egypt
https://t.co/INVyROmUkL
nemozen.semret.org
Nemo Semret's blog
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📣🚨 NEW SPEAKER ANNOUNCEMENT 💥 @nemozen , CEO QRB Labs, will be a speaker at Plan ₿ Forum 2025! Don’t miss the event of the year in Lugano, October 24-25! 🇨🇭 🎟️ https://t.co/AiMQDr9xUW
#PlanBForum
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Ethiopia needs 12-fold jump in electric power generation to achieve middle income ambitions: paper A new white paper by QRB Labs ICT Solutions PLC predicts that with the right policy reforms the country could ... https://t.co/omJFHAlyUT
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Btw I read a recent report from the IMF that has a similar point to this one, mixing useful descriptive data with a dubious normative tone.
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Also the subtitle that GDP is inflated contradicts the headline. If you believe the denominator is inflated then you believe the real ratio higher so it's strange to lament it being low.
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Strange negative spin on this headline. A more complete statement would be "Tax revenue grew but GDP grew faster".
#Ethiopia’s tax-to-GDP ratio plummeted from 12.4% to 7.5% during the past decade, the largest global decline. Key factors include structural economic shifts, tax non-compliance, conflict, & inflated GDP estimates—exacerbating fiscal challenges amidst ongoing economic
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But that continued success requires incentives to be aligned with optimized location-based pricing. Here's the strategy we recommend to get to 100GW https://t.co/nEFltiCZVA
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Bitcoin mining can be a powerful catalyst to continue and even accelerate this growth https://t.co/7JD0PouQFD
There's a lot of confusion in Ethiopia about stranded energy and how Bitcoin mining can accelerate electrification. E.g. @TirusewAsefa asked "How do you generate energy and then strand it ?" Indeed what do we mean by stranded energy? Explanation 👇
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Generation capacity and consumption are growing at fast. Truly historic growth rate. With the right strategy, it can reach 100GW by 2050 which is what we need to reach middle-income country level.
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Overall EEP revenue is growing, EBITDA is positive and growing. Debt servicing remains a huge drag but things are trending in the right direction.
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Of course, selling to consumers and industry in Ethiopia is the priority as discussed in the previous thread: https://t.co/m5N3bqIxNN
The optimal strategy for the energy provider is 1. Sell as much as can be distributed to domestic consumers and industry, then 2. Export to neighboring countries as much as possible 3. Sell the leftover to Bitcoin data centers and reinvest the revenue in 1&2
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