TechFlow news, on March 6, according to Cointelegraph, Belarusian President Alexander Lukashenko has instructed newly appointed Energy Minister Alexei Kushnarenko to begin developing the country's cryptocurrency mining industry in order to utilize its surplus electricity resources.
Lukashenko said: "If it is profitable for us, then start acting. We have surplus electricity. Let them mine these cryptocurrencies."
According to the Belarusian government, the country is one of the three cheapest places for electricity prices in Europe, a fact that has attracted interest from cryptocurrency miners. Former Deputy Energy Minister Denis Moroz revealed that government officials have held preliminary discussions with investors who view Belarus as a potential mining hub.
