Bitcoin

Tajikistan's hydropower resources make it an attractive location for energy-intensive blockchain operations like cryptocurrency mining. <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">Electricity</a> costs in Tajikistan are only $0.02–$0.03 per kWh, significantly lower than in many other countries where rates can exceed $0.10 per kWh.
These factors could make Tajikistan a desirable destination for <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> seeking to minimize operational expenses and maximize profitability. Utilizing hydropower also aligns with global sustainable development goals, as it produces minimal greenhouse gas emissions compared to fossil fuels.
Moreover, Tajikistan could capitalize on the trend by offering the region's first Bitcoin ETF, potentially becoming a leader in the industry. The application of blockchain technology could also improve the healthcare sector, financial services, and supply chain management, enhancing efficiency and transparency.

Tajikistan Attracts Miners with Cheap Electricity and Hydropower Resources

Ultramining_Eng

Other articles published on Sep 18, 2024

How Ozone Chain (OZO) Is Leading the Future of Blockchain Security

Strategic Investment Awaits: Qubetics Presale Launches Soon as Ondo Rises by 23.73% and Aptos Hol...

DeFi Powerhouse ETFSwap (ETFS) Breaks Into Stage 3 In Grand Style; This Is Your Last Chance To Ge...

1inch introduces Fusion+: a new standard for cross-chain swaps

cheqd and Dock Form Alliance to Accelerate Global Adoption of Decentralised ID (18 Sep)

CKB’s trend fading away despite emerging as top gainer

Join our free newsletter for daily crypto updates!