Belarus president Alexander Lukashenko recently announced plans to explore cryptocurrency mining, leveraging the country’s surplus electricity following Trump’s strategic reserve’s plan. According to local media reports, President Alexander aims to explore cryptocurrency mining as the country holds excess electricity reserves.
The president stressed that the country should initiate mining operations if profitable outcomes are demonstrated because it could bring economic advantages from using energy reserves. The turning point in digital assets industry has begun with the US president Donald Trump’s decision to create a strategic crypto reserve.
According to Belarusian media outlet Belta, Lukashenko told his energy minister that more and more citizens are getting interested in crypto mining.
“We must respond to people’s requests. It’s the future. Besides, more and more people are approaching me about mining. If it’s profitable for us, Let’s do it. We have access to electricity, Let them make this cryptocurrency and so on, am I right,” said Lukashenko.
Lukashenko’s order to the energy minister shows Belarus will pursue developing its cryptocurrency mining capabilities to seize global cryptocurrency market opportunities during the encryption era of major nations keeping cryptocurrency reserves.
Lukashenko added, “ Especially seeing the path the world and major economics are taking, Yesterday they announced they’ll keep reserves in it increasing its demand. Maybe we should mine ourselves? Why attract investors and sell electricity to them, though I’m not ruling it out But we should do it ourselves, Proposals exist, I think you’ll overcome this bureaucracy and report that we’ll proceed, Regarding national security”
However, Belarus won’t be the first country to mine cryptocurrencies, countries like Bhutan and El-Salvador are older players in this. While El Salvador uses geothermal energy to mine Bitcoin, Bhutan uses hydropower to mine the bitcoin.
Also Read: Exclusive: How India can use its rivers to mine Bitcoin like Bhutan
