How Asian Countries Like Pakistan Could Be The Next Giant Crypto- Mining Landscape
By: Khan Mubeen
Tags: Asia, Cryptominingfarm, Hydropower Market, Cryptocurrency, Solar Energy

Cryptocurrency or crypto mining is the most dominant technology in today's modern society.

Indeed, it also is known as the Digital currency of the new World's economy also named as Cryptocurrency or Bitcoin, one of the most notorious coins.

Moreover, the utmost importance is due to its decentralized feature which makes it exempt from any Government or Federal Control or any regulation through any Banks even, the World bank as well.

Which would devalue the paper currency of any country across the globe.

Though, Since Covid-pandemic disrupted the world's economy, the digital currency has been getting anonymous hype around the world."

Surprisingly, the cryptocurrency can't be manipulated through any political and diplomatic influence.

Hence, it is totally out of human intervention.

Perhaps, it is properly controlled by the hundreds and thousands of computers eliminating the Man-force explicitly.

Here it comes:

The basis of Crypto-mining:

It is the process in which transactions between users are verified and added to the blockchain, public ledger.

This means that every online transaction would be recorded in the form of a block which in turn bestows a unique code, shared among both the parties involved in a particular transaction.

The generated code after adding every record as a block in a chain of blocks known as "Hash code".

Consequently, it would introduce new coins into an already functional supply chain of blockchain after every successful transaction.

This process is known as Cryptomining.

On the other hand, as easy it seems, the more energy it consumes in the form of electric supply to keep running hundreds and thousands of computers at a time.

This mining process vividly requires a hefty consumption of electric power which makes it difficult to sustain for longer periods.

Then Bitcoin mining experts inclined towards those energy resources which could give a dramatic increase in electric production in a particular region.

Now here comes a climax that opens other windows for a particular country or locality being abundant in Natural renewable resources.

Natural renewable resources include the foremost Hydropower, Solar power, etc.

Though, the temperate regions have already been producing cheap electricity to enhance the mining activity and also to provide cheap electric supply to their people.

But the question is, How Pakistan would be the next Giant venture for the crypto mining industry?

Pakistan is blessed with tremendous renewable energy reservoirs which are still being explored.

One of the two dominant renewable sources is hydroelectricity and Solar energy.

Pakistan has different regions where these two sources of energy could not only aid in generating cheap electricity but also bring Pakistan among the top Crypto-mining countries across the globe.

Though, every year Pakistan experiences a destructive flood due to heavy rainfalls in some regions at large.

This rainfall could be a great reason to not only build water reservoirs but also to produce more electricity at a cheap cost.

On the other hand, Pakistan also exhibits some deserts which is perhaps another great source of Solar energy.

Which could generate electricity at a very economical range for its nation and as well for Crypto-mining.

Indeed, crypto-mining is still in the process of revolutionizing to be more easy and accessible to everyone.

Though, "Crypto-mining or blockchain is going to be the next Tech Skill Which would bring more opportunities in Pakistan."