Pakistan’s plan is turning excess electricity into Bitcoin

-

Pakistan’s got a problem, but it’s not the kind you’d think. They’ve got too much electricity on their hands, and they’re looking to turn that surplus into something that’ll make them richer.

Enter Bitcoin mining, the new kid on the block that’s about to get a whole lot of juice.

Digital gold rush

Pakistan’s energy sector is like a seesaw. They’ve got high prices and too much power floating around, thanks to consumers going solar and reducing demand. But instead of letting that energy go to waste, they’re inviting Bitcoin miners to come on in.

Bilal Bin Saqib, advisor to the Ministry of Finance, is calling out to international companies to set up shop and start mining.

It’s like a gold rush, but instead of panning for nuggets, they’re digging for digital gold.

Future

Now, you might wonder how this works. Pakistan’s got regions with consistent excess electricity, perfect for setting up mining operations without overloading the grid.

And with Binance founder Changpeng Zhao on board as a strategic advisor, they’re pretty likely not just winging it.

Zhao’s going to help build blockchain infrastructure, guide regulations, and make sure Pakistan’s crypto industry is firing on all cylinders.

Emerging technologies

Pakistan is also looking at AI data centers as a way to use up that extra power. It’s like diversifying your portfolio, but instead of stocks and bonds, it’s Bitcoin and AI.

And with estimates showing 15 to 20 million cryptocurrency users in the country, they’re not messing around.

Pakistan’s move is part of a bigger trend. Countries with excess energy are turning to Bitcoin mining as a way to make that power pay.

It’s like finding a new use for an old trick. And with discussions underway with mining companies, it’s only a matter of time before we see some serious action.

Have you read it yet? XRP to the Moon, this time for real?

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Bitcoin’s next bull run will come from… Mt. Gox’s $4 billion repayment delay?

It sounds pretty controversial, but there’s a grain of truth. Mt. Gox, the notorious, now-defunct crypto exchange, has again postponed its $4 billion Bitcoin repayment...

Why Bybit Stopped New Signups in Japan Amid Emerging Crypto Regulations

Crypto exchange Bybit will stop accepting new user registrations in Japan from Oct. 31. The exchange said it is adjusting to emerging crypto regulations in...

Australia tightens the crypto reins, new rules are coming

Australia is dialing up the heat on crypto assets with a regulatory makeover that’s shaking the market’s dusty corners. The Australian Securities and Investments Commission,...

Chinese cars in Belarus now drive on crypto

Belarus just shifted into the fast lane of digital payments. Thanks to a slick partnership between Minsk’s car dealer Tochka and the country’s veteran crypto...
117FollowersFollow

Most Popular

Guest posts