Story Highlights (because you’re busy, I’ll summarize)
- Pakistan’s like, “Hey, we’ve got extra electricity, let’s mine some Bitcoin!” 🤔
- Reducing energy waste, because who doesn’t love a good bargain? 🤑
- Regulating crypto instead of banning it. Pakistan’s all, “Hey, Bitcoin, you can stay… for now.” 😐
Pakistan’s all about that Bitcoin life… sort of. They’re exploring mining as a way to use up extra electricity. I mean, who needs a stable power grid when you can just mine some Bitcoin, right? 🙄 The Ministry of Energy is chatting with experts about industrial electricity tariffs, because, you know, specifics.
The power division’s got a plan (and it doesn’t involve just giving away subsidies like candy 🍬). They want to introduce new industrial ventures that’ll help them deal with their excess electricity. It’s like when you buy too much food and are like, “Well, I guess we’re having leftovers for a week!” 🍴
Bitcoin mining? More like Bitcoin power-hungry monster. Miners spend 60-70% of their earnings on power bills. That’s like me spending 60-70% of my earnings on… well, actually, that’s just my rent in NYC 🗽️. Anyway, Pakistan’s all, “Hey, we’ve got surplus electricity, come on down, miners!”
Pakistan’s Taking the Road Less Traveled: Regulating Bitcoin Mining 🚗
Bitcoin mining uses a ludicrous amount of energy – over 130 terawatt-hours (TWh) annually. That’s more than Argentina and the Netherlands combined… or my aunt’s house during the holidays, lit up like a Christmas tree 🎄. Governments are either creating special electricity rates or banning it altogether. Party poopers.
China used to be the Bitcoin mining hub, but then they were like, “Nah, we’re good. Environmental issues and all that jazz.” 🙅♂️ Thailand also had a fun time shutting down a mining farm that was, ahem, “creative” with their electricity metering 🤣.
Pakistan, however, is all about that regulatory love. They’re establishing rules for cryptocurrency, because who doesn’t love a good game of “comply with our regulations”? 📝 The Pakistan Cryptocurrency Council (PCC) is the new kid on the block, monitoring blockchain operations and digital asset management.
So, Pakistan’s hoping to attract international investors with their shiny new regulatory framework and surplus electricity. It’s like they’re saying, “Come for the Bitcoin mining, stay for the… well, the Bitcoin mining, mostly.” 🤑
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2025-03-22 17:24