Is Pakistan going crazy? 2000 megawatts of electricity smashing into Bitcoin!
Fresh news: The Pakistani government waves its hand: "All the excess 2000 megawatts of electricity nationwide, go dig Bitcoin!" My first reaction: Are these people crazy? They let the people's bulbs go without power and crazily supply power to graphics cards instead? But after digging deeper, wow, this operation is really 'those without shoes have nothing to fear'—
For example:
Your monthly electricity bill is 100 yuan; how low is the electricity price in some provinces of Pakistan? 0.03 USD per kilowatt-hour! Converted to Chinese yuan, that's only 20 cents! At this price, even mining machine owners would have to rush to buy plane tickets overnight to set up mining sites. Compared to neighboring Kazakhstan (0.05 USD) and Texas, USA (0.07 USD), Pakistan is practically giving away electricity!
I imagined the scene: a group of Pakistani engineers squatting in the desert, munching on naan while debugging mining machines, with solar panels turning next to them, and the residual heat from the mining machines providing heating for the nearby AI center... This cycle of 'mining-energy-technology' is like planting Bitcoin in the desert, magical yet hardcore!
How crazy is this operation? Three heartbreaking truths!
1. Using 'waste electricity' to exchange for 'real money'
How much electricity does Pakistan generate in a year? Enough for the entire population, but 30% is wasted! That's equivalent to one-third of your household's total electricity consumption being thrown away. Now the government has a clever idea: instead of letting the electricity meter run idle, why not feed it all into Bitcoin mining machines!
(For example: Just like your building's sensor light stays on every night, instead of letting it waste power, why not replace it with a Bitcoin mining machine? At least you can earn some money for snacks!)
2. Betting on national fate with 'selling electricity for foreign exchange'
The government has calculated a sum: mining Bitcoin can earn 3 billion USD in foreign exchange every year! What does that mean? Equivalent to the national export of 2 million motorcycles, or selling an additional 100 million bags of rice!
(Complaining: But the problem is, if Bitcoin prices crash... this 3 billion could vanish in an instant, mining sites would turn to scrap metal, and politicians would have to dig air raid shelters overnight?)
3. The 'computing power dark war' of geopolitical games
Here's the key point! Pakistan is placing all its mining facilities right next to the China-Pakistan Economic Corridor, clearly telling India: 'Look, my computing power can also be a weapon!' What's even bolder is that they want to involve Iran and Afghanistan in a 'cross-border clean energy alliance'—using the hydropower and solar energy from neighboring countries to power Bitcoin mining, specifically targeting various grievances!
This move has me slapping my thigh—small countries playing big power games, I give this reverse operation full marks!
But the warning signals are already flashing! (Knock on the blackboard ⚠️)
Old Wang next door (a mining site owner) complains to me: 'Don't be fooled by the cheap electricity now, what if next year mining sites cluster together and there's not enough electricity?' Sure enough, the government is now rushing to build an 800-megawatt solar power station, but if the construction is delayed and the mining site suddenly loses power at midnight... that scene, you could hear the sound of the graphics card fans stopping!
What's even scarier is the IMF's warning: 'If you do this, foreign exchange controls will collapse!' Imagine: miners earn dollars and want to deposit them in the bank, but the government says 'No, this is dirty money!', directly triggering international sanctions... then the 2000 megawatts of electricity mined won't be Bitcoin, but a ticking time bomb!
Final soul-searching question: Is this high-stakes gamble a sure win or a huge loss?
If Pakistan really relies on Bitcoin to turn its fortunes around, what will happen?
Global miners flock in, the computing power battle in the crypto world escalates
The China-Pakistan Economic Corridor instantly transforms into a 'computing power corridor', India rushes to modify infrastructure plans overnight
But what if Bitcoin crashes below 70,000 dollars...
(Do you think mining machines will turn into scrap metal? Will the government suddenly turn against mining overnight?)
Comments section betting:
Optimists: Pakistan will surely become the 'king of computing power in South Asia'!
Pessimists: This operation is comparable to El Salvador, it will definitely collapse!
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