Bearus Lukashenko President is planning to use the Bitcoin Mine ⋆ Zycrypto

The Belarusian President, Alexander Lukashenko, Minister of Energy, told Alexei Kushninko that he wanted to use excessive energy from the network to an encrypted currency and create a national reserve.

“Look at this mining,” Lukashenko said, “More and more people turn to me. If it is profitable to us, let’s do that. We have excess electricity. Let them make this cryptocurrency and so on.”

Belarus has the extra power supplies resulting from the upgrade of the nuclear power plant with a second power unit in May 2023. The country is also studying a second nuclear power plant.

Soon after the formation of Lukashenko from his new government, investigation began with methods of encryption currency of extra energy. One of his new government’s priorities is to improve the 5700 km country network.

“The most important thing,” said Lukashenko.

Belarus can imitate the kingdom of Bhutan, which has an energy surplus energy. The country has devoted 100 megawatts for bitcoin mining and is considering another 500 megawatts to enhance mining capabilities. The government currently maintains a billion dollar bitcoin reserve.

In December 2023, Victor Karankivich, Victor Karankivich, announced that the cryptocurrency mining was common in the country, as Chinese and Russian mining companies exploded with popularity, and the Belarus network was strong enough to deal with the increase in demand.

Lukashenko has mentioned the recent developments in America regarding the positions towards encryption, especially the new President Trump’s coding reserves and intends to enhance mining work in America.

“Moreover, you see the way the world is going, especially the world’s largest economy. Lukashenko said,” They announced yesterday that they will remain in the reserve. “

“Therefore, there will be a request for them. Well, we may have to do it ourselves. Well, we attract some investors, sell them electricity, although I do not exclude them. But we need to do this ourselves. There are such proposals. I think you will go on this bureaucracy and report what to do.”

Daniel Patton, an environmental researcher, claims that bitcoin mining makes the energy sector more sustainable. After reviewing the scientific literature on this topic, it concludes that bitcoin mining opens opportunities that increase the possibility of using green energy methods and reduce carbon marking for energy companies, which is a possible result when bitcoin mining uses excess energy on the network.

However, the war in Ukraine has stopped foreign investment in mining the cryptocurrency in Belarus. Lukashenko was an ally of Russia Vladimir Putin and suffered from the sanctions imposed by Western countries against Russia and Belarus.

The first nuclear factory in Belarus began in June 2021, providing an abundance of energy that can be used in encryption mining. The reactor has a capacity of 1100 megawatts. Thus, the second reactor will add another 1100 megawatts to the network. Russia finances both reactors.