Slash Boxes

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 15 submissions in the queue.
posted by martyb on Saturday January 08, @10:43AM   Printer-friendly
from the charge-the-miners-more? dept.

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

Original Submission

This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by owl on Sunday January 09, @03:10AM

    by owl (15206) on Sunday January 09, @03:10AM (#1211182)

    They claim that for interval from 1st of January to 15th of November the deliveries of natural gas increased in 2021 by 8.3% compared to the same interval of 2020.

    They are probably using the politician definition of a "budget cut" here to spin the narrative of "low supplies". Yes, real supply increased by 8.3% -- but the receiving end was expecting an increase of 16.6%, so the receiving end is being short-supplied by 8.3%.

    You can watch this all the time in political debates on budget items. Department X received 20M last year. Department X asked for 200M this year. Department X received an actual 100M this year. Opponents cry "politician X cut the budget of Department X by 100M", when in fact Department X is 80M richer than they were last year.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2