The post Pakistan Sees Opportunity in Bitcoin Mining with Excess Energy: Bitcoin Revolution in Pakistan? appeared on BitcoinEthereumNews.com.

Key Takeaways: Bitcoin mining could help Pakistan burn its way somewhere with excess power. The project is expected to bring investment and enhance the digital economy of Pakistan. For Pakistan to succeed, regulatory clarity and a stable power supply are essential. In a decisive step which could transform both its economic and energy landscape, Pakistan is eyeing an unprecedented step of utilizing its excess electricity to run Bitcoin mining farms. The council’s first meeting featured this initiative as a key talking point and highlighted a potential paradigm shift in the country’s stance towards digital assets. The establishment of the council itself is a significant step, considering the nation’s previous reluctance toward cryptocurrencies due to security and regulatory issues. Use Surplus Power to Turn Liabilities into Assets in Pakistan The central concept is straightforward: Pakistan frequently has excess electricity that it doesn’t use, resulting in financial losses. Bitcoin mining, a power-intensive process that is nonetheless highly productive, would thereby be able to consume this underutilized power. This can be a turning point in Pakistan. Based on his vision, Bilal Bin Saqib, CEO of the PCC, presented this idea at the PCC meeting to turn Pakistan’s liabilities into assets, where this wasted energy could be converted into revenue. For context, Bitcoin mining worldwide devours a staggering amount of electricity every year — estimates abound, but numbers that registered in October had Bitcoin use exceeding 130 terawatt-hours (TWh), more than all the electricity consumed in nations like Argentina or the Netherlands. Pakistan could attract significant interest from miners, as electricity costs account for 60-70% of their total earnings. Creating a Future-Ready Financial Ecosystem for Pakistan Presiding over the first meeting of the PCC, Finance Minister Muhammad Aurangzeb stated that the council and this initiative have strategic importance for Pakistan’s digital transformation. He said this…

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Filed under: News - @ March 23, 2025 4:14 pm