Stories
Slash Boxes
Comments

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This discussion has been archived.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: 1) by khallow on Sunday January 09, @05:06PM

    by khallow (3766) Subscriber Badge on Sunday January 09, @05:06PM (#1211264) Journal

    fascism is the unholy marriage of clubbermint and industry.

    Nope. Plutarchy [thefreedictionary.com] is another sort of unholy marriage of government and industry that doesn't happen to be fascist.

    What's missing from your attempt at definition is the key point that Fascism is a totalitarian ideology. The state is supreme to everything with private industry existing, but being completely subservient to the whims of the state. Often definitions will go further and include some far right or racial components, but in my view, those aren't relevant to the definition.

    So, for example, I would consider both China and Russia to be more fascist than the entirety of the developed world.

    Moving on:

    you're a moron! that's what i said.

    Nope. Let's look at the money quote:

    however it gets extremely difficult to eradicate crypto"currency"

    Why would we ever want to eradicate cryptocurrency? Sorry, this is a classic example of government interference in the activities of its citizens. Your Orwellian attempt to equate defending peoples' choices to use cryptocurrencies and to mine them with fascism didn't go unnoticed.

    It's also worth noting that a lot of cryptocurrency activity goes on in places with low fossil fuel use (like the US Northwest or Iceland). It turns out that cheap electricity not fossil fuel powered electricity is the important factor in cryptocurrency mining.