Kosovar government halts crypto mining amid power crisis

The
government
of
Kosovo
has
ceased
crypto
mining
in
the
country
owing
to
power
constraints
during
the
winter
season.

Kosovo’s
Minister
of
Economy,
Artane
Rizvanolli,
has
decided
to
stop
crypto
mining
following
a
recommendation
from
the
Technical
Committee
on
Emergency
Measures
for
Energy
Supply, according
to
a report
by
local
outlet
Gazeta
Express.

The
report
notes
that
the
government
made
the
decision
after
Kosovo’s
power
supply
fell
below
the
stipulated
level,
and
it
began
to
impose
electricity
cuts
during
peak
usage
periods.

According
to
Rizvanolli,
the
government
decided
to
establish
a
technical
committee
to
evaluate
emergency
energy
supply
strategies
in
response
to
the
situation.
Based
on
the
committee’s
recommendations
last
week,
the
government
decided
to
take
emergency
measures,
including
halting
crypto
mining
throughout
Kosovo’s
borders.

The
report
noted
that
law
enforcement
agencies
are
set
to
step
in
to
halt
the
production
of
crypto
currencies,
and
work
to
identify
locations
where
such
operations
take
place.
The
minister
said:

“These
actions
are
aimed
at
addressing
potential
unexpected
or
long
term
lack
of
electricity
production
capacities,
capacities
of
transmission
or
distribution
of
energy
in
order
to
overcome
the
energy
crisis
without
further
burdening
the
citizens
of
the
Republic
of
Kosovo.”

As
a
consequence
of
low
domestic
production
and
exorbitant
energy
import
charges,
Kosovo’s
energy
distribution
firm
KEDS announced
that
power
outages
would
be
implemented
across
the
country
on
Dec.
22.
Bitcoin
mining
is
known
to
consume
a
lot
of
power,
with
one
recent report
claiming
that
Bitcoin
consumes
eight
times
more
energy
than
Google
and
Facebook
combined.

In
recent
months,
several
nations
have
expressed

concern
about
mining-related
power
outages
,

including
Iran and Kazakhstan
.



Related:




Iran
pauses
electricity
exports
due
to
crypto
mining
and
hot
summer

Meanwhile,
following
the
capitulation
of
Chinese
miners
triggered
by
the
country’s

crypto
ban
announced
in
September
,
retail
cryptocurrency
mining
in
Thailand
appears
to
be
flourishing.
As
reported
by
Cointelegraph,
Thai
entrepreneurs
and
cryptocurrency
enterprises
have
been
taking
advantage
of Chinese
miners’
getting
rid
 of
their
mining
equipment.

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