EddieJayonCrypto
5 Mar 25
Belarus President Alexander Lukashenko is reportedly exploring Bitcoin mining to utilize surplus energy, citing increased demand and potential profitability. The move aligns with a global trend of government involvement in the crypto sector, with potential environmental and economic benefits. This a...
Belarus President Alexander Lukashenko is reportedly exploring Bitcoin mining to utilize surplus energy, citing increased demand and potential profitability. The move aligns with a global trend of government involvement in the crypto sector, with potential environmental and economic benefits. This aligns with circular economy principles and could involve either state-led mining or selling electricity to investors for their mining operations.
Belarus President Alexander Lukashenko has reportedly directed his administration to explore Bitcoin mining to capitalize on the country’s surplus energy, the state-owned national news agency BeITA reported on March 4. According to the report, Lukashenko stressed that the country should use its excess electricity for crypto mining, pointing to increased demand and potential profitability. The directive, announced during his appointment of Energy Minister Alexei Kushnarenko, highlights the government’s growing interest in digital asset opportunities. He noted that several proposals had reached his desk and referenced the United States’ plans for a national crypto reserve as a sign of the sector’s growing importance. The President outlined two possible approaches for Belarus: either mining cryptocurrencies directly using state resources or selling electricity to investors for their mining operations.
The move to push Bitcoin mining aligns with a broader trend of government involvement in the crypto sector. Countries like Russia have implemented regulations to manage mining activities and integrate them into formal economic structures. Bitcoin environmentalist Daniel Batton highlighted new peer-reviewed mining and energy research demonstrating its environmental benefits. According to him, the study found that mining operations utilizing wasted, surplus, or renewable energy sources can help promote cleaner energy usage and reduce the carbon footprint of power production. The research also challenges the perception of mining as an energy-intensive burden, instead framing it as a flexible mechanism that supports sustainable energy practices. Additionally, it aligns with circular economy principles by maximizing resource utilization and minimizing waste.