Pakistan Government Looks at Bitcoin Mining!

The Ministry of Energy is thinking about a special electricity rate for Bitcoin mining to attract investors without needing government help. This could turn a long-term power issue into a chance for economic growth.

This idea gained support during a meeting between Power Minister Awais Leghari and Bilal Bin Saqib, the CEO of the new Pakistan Crypto Council (PCC).

There was a larger meeting led by Finance Minister Muhammad Aurangzeb, with important officials like the State Bank Governor. They discussed whether Pakistan should include crypto mining in its economic plan.

How Pakistan is Different

Reports show that Bitcoin miners spend up to 70% of their profits on electricity. Many countries have had trouble managing this need. China banned crypto mining because of environmental issues, and Kazakhstan started to tax it heavily after initially supporting it.

Iran offered lower prices but often stopped mining during peak electricity use.

However, Pakistan plans to do it differently. Instead of adding stress to the national grid, it aims to create a stable and competitive energy supply just for crypto mining. This could help make Pakistan a global center for blockchain data centers.

The plan is promising, but success will depend on how well it is carried out.

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