New ‘victims’ in the global energy crisis. Kosovo government bans cryptocurrency mining

Monede virtuale Bitcoin - pexels- Roger Brown Foto: Monede virtuale (Pexels / Roger Brown)

Kosovo’s government has banned the production of cryptocurrencies in the country as a measure to curb electricity consumption amid the country’s worst energy crisis in a decade, reports EFE, cited by Agerpres.

The decision was announced by Kosovo’s Energy Minister Artane Rizvanolli on the recommendation of a committee of experts, according to the digital daily Koha.

The minister stressed that the authorities will identify localities suspected of mining cryptocurrencies, a financial instrument that requires a high energy consumption to create.

Analize Economedia

inflatie bani echilibru balanta
la veterinar
camioane UMB autostrazi
Donald Trump
Colaj bani lei Marcel Ciolacu
Bani, investitie, economii
Marcel Ciolacu, premier
Incredere
constructii, locuințe, bloc, muncitori, șantier
cristian mihai ciolacu, nepotul premierului
Emil Boc, Sorin Grindeanu
Ministerul Energiei Sursa foto Peter Szijjarto
tbb foto event
productie, fabrica
Donald Trump, Trumponomics
euro, moneda, bancnote, bani
bani, finante, lei, financiar, deficit
Mugur Isarescu, guverantorul BNR
Azomures
inflatie bani echilibru balanta
452710313_472208142236025_2821867466000769013_n
Mugur Isărescu, Banca Națională a României, BNR
tineri joburi IUF- The International University Fair
crestere economica, grafic
bani, lei, moneda
noii directori de la Transelectrica - Economedia
crestere economica grafic calcule foto pexels-pixabay
retea electrica - Transelectrica
Ford Courier Craiova Otosan (1)
Schaeffler Romania 1

Due to low energy prices in Kosovo and high unemployment of 26%, many young people have found an opportunity in cryptocurrency mining.

But a series of breakdowns at Kosovo’s aging power plants and high energy import prices have prompted authorities to impose a series of supply cuts.

At the end of December, Kosovo declared a 60-day energy emergency, with the possibility of an extension for another 30 days, amid its worst crisis in 10 years due to electricity shortages and instability in the generation and distribution system.

In addition to global market prices and breakdowns, consumption has also increased due to cold temperatures, with a large proportion of the population using electric heating.

According to estimates as of December 2021, around 10,000 people or operators in Kosovo are working with cryptocurrencies, but there are no precise figures or data on the value of transactions.

Digital coin mining has also increased in northern Kosovo, an area populated mostly by Serbs who do not recognise the Kosovar state and refuse to pay for electricity, EFE adds.

Urmărește mai jos producțiile video ale Economedia: