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Kosovo Bans Cryptocurrency Mining After Blackouts

posted by martyb on Saturday January 08 2022, @10:43AM   Printer-friendly
from the charge-the-miners-more? dept.

upstart writes:

Kosovo bans cryptocurrency mining after blackouts:

The government says security services will identify and clamp down on sources of cryptocurrency mining.

The mining is energy intensive and involves verifying digital transactions to get cryptocurrencies as a reward.

While all of Europe faces sharp price rises, Kosovo is enforcing rolling blackouts amid an electricity shortage.

The Balkan state's largest coal-fired power plant was shut down last month over a technical issue, forcing the government to import electricity at high prices.

A 60-day state of emergency, declared in December, gave the government powers to allocate more money for energy imports and impose stricter restrictions on power usage.

The blackouts have sparked protests and calls for the resignation of Economy Minister Artane Rizvanolli.

Energy prices are skyrocketing across Europe for various reasons, including low supplies from Russia and high demand for natural gas as economies recover from the Covid-19 pandemic.

The spike has been fuelled by geopolitical tensions with Russia, which supplies one third of Europe's gas. Russia has rejected European accusations that it has limited gas deliveries while tensions are raised

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  • (Score: 1, Troll) by crafoo on Saturday January 08 2022, @02:48PM (4 children)

    by crafoo (6639) on Saturday January 08 2022, @02:48PM (#1211058)

    What is so predictable but so funny as well:

    "Energy prices are skyrocketing across Europe for various reasons"

    Oh, right! Various Reasons! It wasn't the Greens completely raping your energy economy with their squirrel-like understanding of economics and practical decision making skills.

    Starting Score:    1  point
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  • (Score: -1, Troll) by Anonymous Coward on Saturday January 08 2022, @05:21PM

    by Anonymous Coward on Saturday January 08 2022, @05:21PM (#1211095)

    Ah ha...another Russki troll, right here in Soylent City.

  • (Score: -1, Touché) by Anonymous Coward on Saturday January 08 2022, @09:07PM (2 children)

    by Anonymous Coward on Saturday January 08 2022, @09:07PM (#1211126)
    Name one EU country where the greens hold a majority. We can wait …

    • (Score: 2, Insightful) by khallow on Sunday January 09 2022, @05:42AM (1 child)

      by khallow (3766) Subscriber Badge on Sunday January 09 2022, @05:42AM (#1211201) Journal
      See Germany. They don't have to hold a majority to shutdown ~20 GW of non-fossil fuel nuclear power (16 GW so far since 2011 and the remaining 4 GW later in 2022).