Belarus is known to consider the surplus electricity of Bitcoin mining venture.
Alexander Lukashenko, Belarus, reported on March 4, Beita, a state -run carrier, was reported by state -owned telecommunications agency Beita.
According to the report, Lukashenko emphasized that this country should use excessive electricity for encryption mining and point out demand increase and potential profitability.
The guidelines, published during the appointment of Alexei Kushnarenko Energy, emphasize that the government’s interest in digital asset opportunities is increasing.
He mentioned that several proposals reached his desk and mentioned the US plans for national encryption reserves as signs of increasing the importance of this sector.
The president stated:
“Look at this mining. More and more people are turning to me. If it is profitable to us, let’s combine it. We have excessive electricity. Let them create this cryptocurrency. ”
Considering this, the president explained two possible approaches to Belarus. We sell electricity to investors for mining cryptocurrencies or mining operations that use state resources directly.
Why Bitcoin Mining?
The movement to promote Bitcoin Mining is consistent with the government’s trend of encryption. Countries like Russia have implemented regulations to manage mining activities and integrate them into a formal economic structure.
Nevertheless, a recent study by Perryman Group found that this division donated more than 31,000 jobs and generated more than $ 4.1 billion annually in the US’s total economic production.
Bitcoin Environmental Daniel Batton emphasized the study of new colleagues and energy that shows environmental advantages.
According to this study, mining work using waste, surplus or renewable energy sources can help to promote clean energy use and reduce carbon footprints of power production.
According to the survey, Bitcoin mining indicates that economic incentives match stranded or renewable energy sources to match sustainability goals.
This study also consists of a flexible mechanism that supports sustainable energy practices instead of challenging the perception of mining due to energy -intensive burden.
It also coincides with the principle of circular economic by maximizing resource utilization and minimizing waste.
