Pakistan Starts Bit Coin Mining! Video.

[Clutch]

Pakistan specific start at 14:30

Regulators in Pakistan can do NOTHING to stop people from bitcoin mining, entrepreneur tells Keiser Report
26 Jan, 2021 10:01

Brendan McDermid / Reuters
Max Keiser interviews Farooq Ahmed of the Bitcoin Association of Pakistan to discuss the recent news that the Pakistani government has allocated funds to mining bitcoin.
The country’s young people are mostly working in tech industries and providing related services, Ahmed says, adding that bitcoin is widely used.
“Government put the ban on bitcoin and cryptocurrencies in 2018, after the bull run. They shut down the mining farms, but it didn’t stop it.”
According to Ahmed, the central bank’s ban is not working. "Adoptions are increasing, people keep using this new technology, and it’s growing in the region.”

 

[crigar]

I never get it, how cryptocurrency works? I mean no one owns it then who make it who give it to the others. can some tech guyexplain it in simple words?

 

[Clutch]

I never get it, how cryptocurrency works? I mean no one owns it then who make it who give it to the others. can some tech guyexplain it in simple words?

Perhaps folks more informed on PDF can provide some info for you.

I have similar thoughts... Bitcoin seems like dark web for drug smugglers and shady folks...

I don't know...

 

[Bossman]

Has been happening for many years. Usually in northern areas especially in Hazara and Swat, to keep the machines cool. Only telltale sign is high usage of bandwidth. Places look like chicken farms.

 

[WinterFangs]

Bitcoin is the future, as some say, it will be “digital gold”.
I myself don’t have any bitcoins as of yet but I do have a few hundred alt coins such as etherium etc for investment purposes. Good way to x2 - x100 your investment in the long term.

 

[TheSnakeEatingMarkhur]

I never get it, how cryptocurrency works? I mean no one owns it then who make it who give it to the others. can some tech guyexplain it in simple words?

So basically its generated as a reward for solving complex math problems.. computers of specific hardware does the calculations and 1 person who does the most gets a bitcoin.. but a single person has no hope so people join in groups each person contributes his part and gets the amount of reward according to the amount of work his machine puts in..

Perhaps folks more informed on PDF can provide some info for you.

I have similar thoughts... Bitcoin seems like dark web for drug smugglers and shady folks...

I don't know...

Well its not a dark web but it certainly is favourite currency of shasy people now that is why its not being allowed in Pakistan now..

Bitcoin is the future, as some say, it will be “digital gold”.
I myself don’t have any bitcoins as of yet but I do have a few hundred alt coins such as etherium etc for investment purposes. Good way to x2 - x100 your investment in the long term.

I invested 30 quid a year ago... made my 3 back and still have 30 in it

 

[Last starfighter]

I bought 10 bitcoins in 2010 I was with a group of friends and we all bought some .
I forgot about mine till recently . I was shocked at the rate they've gone up.
I still have them

 

[Sugarcane]

World will come back to Gold sooner or later - that's for sure.

 

[Baby Leone]

start working on PI network and if someone want can join with my invitation code "jvtal" and get one pi coin from me.

its very easy to mine just need to log in every 24 hr and you coins will increase it will start block chain and mainnet soon.

 

[_NOBODY_]

Perhaps folks more informed on PDF can provide some info for you.

I have similar thoughts... Bitcoin seems like dark web for drug smugglers and shady folks...

I don't know...

@crigar It is a great tool for countries vulnerable to sanctions. See how much Russia is focused on Ethereum. In order to understand cryptocurrencies you first need to understand blockchain.

World will come back to Gold sooner or later - that's for sure.

Data is more valuable than gold.

 

[_NOBODY_]

 

[_NOBODY_]

 

[WinterFangs]

I bought 10 bitcoins in 2010 I was with a group of friends and we all bought some .
I forgot about mine till recently . I was shocked at the rate they've gone up.
I still have them

Damn they easily worth over 200-300 thousand pounds. congrats

 

[Mujahid Memon]

I never get it, how cryptocurrency works? I mean no one owns it then who make it who give it to the others. can some tech guyexplain it in simple words?

Its still in the gamble stage

 

[_NOBODY_]

Its still in the gamble stage

Ethereum caught my attention in 2020 due to the amount of interest the Russian government has in it. Countries like Russia, Venezuela, Iran, NK and more, love cryptocurrencies like Bitcoin as Bitcoin and many other cryptocurrencies aren't backed by anything and the transactions cannot be traced