Key dealers
- Pakistan establishes special electricity tariffs to attract cryptopmaling by means of its excess energy without subsidies.
- The government is developing a regulatory framework to promote a transparent and future ready for financial ecosystems in the blockchain space.
Pakistan examines Bitcoin mining as a way to use excess electricity and promote a regulated digital asset industry.
According to a new one Report From the dawn, Pakistan’s authorities plan to create attractive electricity rates specifically for crypto mining and blockchain data centers, which aim to encourage industries to consume surplus energy.
The tariffs will be market -based without relying on state subsidies. The government expects to reduce payments to power producers for unused energy.
Statesman state that Bitcoin’s electricity consumption was estimated between 137 and 175 TWh during the period January 2024 and February 2025. miners usually spend 60-70% of their revenue on electricity costs.
The extreme energy intensity positions crypto mining as an industry with the potential to alleviate the economic burden on Pakistan’s surplus of power generation.
Awais Leghari, Federal Minister of Energy, recently met Pakistan Crypto Council (PCC) CEO Bilal bin Saqib to discuss opportunities for global crypto miners to take advantage of Pakistan’s surplus electricity.
The Council held its first meeting today, chairman of Finance Minister Muhammad Aurangzeb.
SAQIB mentioned In an interview with Bloomberg this week, Pakistan is actively developing a regulatory framework for digital assets to attract global investments and promote local crypto growth.
PCC leads to this effort to integrate blockchain and crypto into the national financial system. SAQIB sees Trump’s pro-crayon attitude as a catalyst for global crypto adoption.
Different approaches for cryptoma break
Countries have adopted different approaches to crypto mining.
From now on, Russia is very attractive to mining because of its abundant natural gas and hydropower resources. In August 2024, Putin signed a law Legalize cryptoma break in Russia.
According to the legislation, units and individual entrepreneurs are registered with the Russian Ministry for digital development to conduct Cryptocurrency mining. Private individuals may also break without registration, provided their energy consumption does not exceed state limits
In the United States, states such as Texas and Wyoming have implemented favorable Crypto mining regulations and positioned themselves as crypt -friendly jurisdictions. Renewable energy sources such as wind and solar are used more and more to run mining operations.
However, China, when the world’s leading mining hub, introduced a blanket ban against Cryptocurrency mining in 2021.
However, according to Cryptoquant CEO Ki Young, it still accounts for 55% of Bitcoin’s global hashrat through underground operations.
#Bitcoin Hashrate Dominance switches to US mining companies.
Chinese mining pools operate 55% of the network, while US pools handle 40%.
American pools mainly meet institutional miners in America, while Chinese pools support relatively smaller miners in Asia. pic.twitter.com/Kepoplwbsd
– ki Young Ju (@ki_young_ju) September 23, 2024
There is ongoing speculation that China can facilitate the restrictions or establish a bitcoin strategic reserve in 2025 to adapt to global trends.
El Salvador completely includes bitcoin as a legal tender and promotes mining with geothermal energy from volcanoes.
However, the International Monetary Fund (IMF) has requested El Salvador to stop Bitcoin -mining as part of $ 1.4 billion loan agreement.