🇧🇾 Belarus is ready to direct excess electricity to cryptocurrency mining
President of Belarus Alexander Lukashenko has announced plans to use the country's surplus electricity for cryptocurrency mining.
💬 Key statements:
🔹 Belarus has surplus capacity following the launch of the Belarusian Nuclear Power Plant (BelAES).
🔹 Instead of exporting electricity to neighboring countries, the authorities are considering using it for mining.
🔹 Belarus has already legalized mining and is looking into expanding this sector.
📈 How will this affect the market?
✅ Increased mining capacity may lower the cost of mining
$BTC .
✅ Additional capacity in the region will aid in further decentralization of the network.
✅ There may be competition with Russia and Kazakhstan, which are already actively developing the mining industry.
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