Bitcoin Cash in Pakistan

If Pakistan uses this energy for bitcoin mining using the latest S19 Pro Antminer (assuming 10,000MW of excess energy available at a cost of $0.12 per kW/hour), it can generate $35 billion worth of Bitcoin per year at current valuations. Simply put, this means we can pay off our external debt in two years. If JP Morgan's forecast of Bitcoin reaching $146,000 turns out to be true, Pakistan will make around $110bn from this. And don’t even ask me what we will make if Mike Novogratz is correct – it's mind boggling. At this stage most crypto critics would be thinking, what happens if Bitcoin turns out to be worth zero? And that of course is a valid question here, given the debate surrounding the future of crypto currencies. The good news is, even if Bitcoin loses all its worth as some detractors have predicted, Pakistan would not be exacerbating its losses since the government is already paying for the excess energy – whether it is being used or not. So whatever income Pakistan is able to generate from this excess energy can perhaps be used to put the distribution network in place to eventually utilise it efficiently. I know naysayers will remind me that our biggest recent technological innovation is allowing people to open digital accounts and we are still in celebration mode about that. But I am hopeful. After all, Minister of Science and Technology Fawad Chahudhry has allowed the industrial usage of Cannabis and is also making a space museum in Islamabad. Why not mine Bitcoin?