Belarus Considers Crypto Mining Amid Rising Global Interest!

Updated

March 7, 2025

Gambar Belarus Considers Crypto Mining Amid Rising Global Interest!

Jakarta, Pintu News – The President of Belarus, Aleksandr Lukashenko, proposed that his country start mining digital assets in response to the growing global interest in cryptocurrencies. In a meeting with Belarus’ new Energy Minister, Alexei Kushnarenko, Lukashenko stated that Belarus has an excess supply of electricity that could be utilized for cryptocurrency production. He emphasized that if this activity is profitable, then his country should participate.

The move comes amid a global trend where several countries are starting to consider strategic reserves of cryptocurrencies. The United States, for example, is examining the possibility of establishing a national crypto reserve that includes Bitcoin , Ethereum , Solana , Ripple , and Cardano . Lukashenko highlighted that demand for digital assets is likely to increase in the future.

Countries Already Mining Crypto

Belarus is not the first country to consider cryptocurrency mining as part of its economic policy. Bhutan, for example, has utilized its hydroelectric energy to operate Bitcoin mining infrastructure with a capacity of more than 100 megawatts (MW) and plans to increase capacity to 500 MW. Currently, the country has Bitcoin holdings worth around Rp15.65 trillion.

Meanwhile, El Salvador has also capitalized on its natural resources by using geothermal energy to mine Bitcoin, albeit on a smaller scale. These countries’ decisions show that crypto mining can be part of an economic strategy, especially for countries that have abundant energy resources.

Also Read: The Burning of 20 Million SHIBs: Will Shiba Inu Prices Skyrocket? (7/3/25)

The United States and the National Crypto Strategy

In the United States, former President Donald Trump recently announced strategic moves regarding cryptocurrency, including the organization of the first crypto summit at the White House. The event was led by David Sacks, who serves as the AI and Crypto Advisor, as well as Bo Hines from the President’s Working Group on Digital Assets.

The summit is expected to be a forum for discussion regarding the future of crypto regulation and policy in the United States. Trump also revealed plans to establish a national crypto reserve to include Bitcoin, Ethereum, Cardano, Ripple, and Solana. This move could mark a significant change in the US government’s policy towards cryptocurrencies.

Potential Impacts for Belarus and Crypto Market

bitcoin mining difficulty — Source: Envato

If Belarus does start mining cryptocurrencies, it could be a significant step in strengthening the country’s position in the digital economy. With an oversupply of electricity, mining could become a new source of revenue as well as attract investors and global crypto industry players.

However, this decision also poses potential challenges, such as regulation, network security, and crypto price fluctuations. In addition, the large-scale adoption of mining could impact Belarus’ relations with other countries, especially amid increasing regulation of the crypto industry in various parts of the world.

Conclusion

Belarus’ interest in mining cryptocurrencies reflects a global trend where countries are starting to consider the role of crypto in their economies. With the United States also looking to build crypto reserves, the role of digital assets in the global financial system looks set to grow. While mining can be an economic opportunity, regulatory challenges and volatility remain factors that need to be taken into account before taking any major steps in the industry.

Also Read: Litecoin (LTC) Hit a Record High, Will the Price Surge? (7/3/25)

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