Lack Of Electricity And Blackout: Kosovo Prohibits Mining Of Cryptocurrencies

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It doesn’t seem to ease the black period of the cryptocurrencies. Just a few hours ago on these pages we discussed the impact of protests in Kazakhstan on the Bitcoin trend, which is falling even today. Well, from Kosovo comes the news that the local government has banned cryptocurrencies mining.

The reasons are that such mining activities require too much electricity. As you know, the calculations that computers have to complete to extract cryptocurrencies require a lot of electricity and in Kosovo there are many problems from this front.

For some time now, ad hoc blackouts have been planned in the country to reduce electricity consumption and to cope with the shortage. By the end of last year, the country had been forced to block the largest coal-fired power station and declared the state of emergency because of electricity supply problems.

The energy increases that have affected Italy have also made themselves felt in Kosovo, which is one of the poorest countries in Europe, since more than half of the electricity is produced abroad, as the Government has pointed out.

It is unclear how mining has affected energy consumption in Kosovo, but the BBC noted that such practices were popular in northern areas. The government has announced that they will be stopped with immediate effect.

A few hours ago we also reported the criticisms made to Norton Crypto for energy consumption.

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