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Title    Kosovo Bans Cryptocurrency Mining After Blackouts
Date    Saturday January 08, @10:43AM
Author    martyb
Topic   
from the charge-the-miners-more? dept.
https://soylentnews.org/article.pl?sid=22/01/07/2016215

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


Original Submission

Links

  1. "upstart" - https://soylentnews.org/~upstart/
  2. "Kosovo bans cryptocurrency mining after blackouts" - https://www.bbc.com/news/world-europe-59879760
  3. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=53196

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printed from SoylentNews, Kosovo Bans Cryptocurrency Mining After Blackouts on 2022-05-29 04:33:13