Wednesday, March 26, 2025
HomeCryptocurrency'We have more electricity': Beloroso President ordered the development of crypto mining

‘We have more electricity’: Beloroso President ordered the development of crypto mining

President Beloroso Alexander Lukashenko has ordered his Minister of Energy to start the development of the Crypto Mining Industry, which reports the growing intention of generating more income flow from the country’s additional energy supply.

According to a local newspaper Belta March 4, President Lukashenko transferred the instructions to the new energy energy, Alexex Kushrinco.

“Look at this mining”According to the translated version of The News, Lukashenko said. If this is profitable for us, let’s go. We have more electricity. Let them produce this cryptocurrency and so on.

Mining, electric, belaros

President Beelorus Lukashenko turns to his new government. Source: Belt

The head of the state was influenced by the United States, which promised to become Crypto’s global capital after President Donald Trump’s election. This has provided the opportunity to form a national crypto reserve comprising Bitcoin (BTC), Ether (ETH) and other opposite coins.

“You see the road that is traveling to the world. And beyond the world’s largest economy. Yesterday they announced that they would keep [le criptovalute] In the reserve ”, Lukashenko commented.

The decision to investigate the Crypto Mining was announced shortly after the formation of Lukashenko’s new government, which preferred the renewal of the country’s power network, which is 5,700 km long.

“Most importantly, the power network infrastructure should be updated, keeping in view the increasing demand for electricity from families and the economy.” Lukashenko said.

Crypto mining in 2025

Although cryptocurrency mining is usually profitable in 2025, the margin in this sector is compromised by the energy costs of hardware and rules and regulations. Market conditions also play an important role, as the cost of mining coins can have a negative impact on the calm supported profit.

Belarus has less energy costs than the rest of Europe. According to official sources in Belarus, Belarus is one of the three easiest European countries in terms of electricity prices.

https://www.youtube.com/watch?v=xkvojawp688

According to the Ministry of Energy’s report in December, largest energy and low cost of Belarus have given rise to the interest of crypto miners.

According to former Deputy Minister Energy Dennis Moroz, government officials have already made preliminary consultations with investors who view Belarus as a potential mining pole.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments