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.