The Pakistani government is exploring an unconventional initiative: attracting Bitcoin miners to utilize excess electricity that is overloading the national power grid. According to The Miner Mag, the goal of this idea is not to support the crypto industry but to address the financial challenges of the energy sector.

The Ministry of Energy is actively negotiating with stakeholders to develop special electricity tariffs that could stimulate the growth of industries such as cryptocurrency mining. In some regions of Pakistan, electricity is produced in excess due to underutilized power plants. Bitcoin mining could become an effective way to utilize this surplus.

Attractive Tariffs Could Make Pakistan a Mining Hub

Electricity plays a key role in Bitcoin mining, accounting for over 60% of operational costs. If Pakistan offers competitive tariffs, the country could become an attractive destination for global mining companies.

Changing Attitudes Toward Cryptocurrencies

The Pakistani government has revised its stance on cryptocurrencies. The Pakistan Crypto Council (PCC) has been established to regulate and support the responsible development of the blockchain industry. The PCC aims to create clear regulations, strengthen financial stability, and foster collaboration with blockchain companies. This indicates that Pakistan is seeking to develop not only mining but the entire crypto ecosystem.

Balancing Energy and Crypto Industries

Pakistan finds itself in a challenging position: on one hand, the energy sector suffers from an excess of unutilized electricity, while on the other, the crypto industry offers immense but untapped potential. Combining these two areas could become a new step in the country's development, though it requires careful consideration.

Additionally, the government plans to establish a legal framework for cryptocurrency trading to attract international investment. This signals that Pakistan is gradually opening up to digital assets and preparing to integrate them into its economy.

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