Kosovo is currently going through an energy crisis linked to the increase in the price of electricity. To cope with winter and limit cases of shortages, the government has therefore decided to ban the mining cryptocurrencies. To this end, the police forces have launched a campaign of repression which recently led to a major seizure of mining. Details in the following.
Seizures that will save Kosovar taxpayers’ money
A joint operation by Kosovo police and customs services resulted in the seize 272 Antminer machines from mining of bitcoins in the municipality of Leposavic. Local police also managed to confiscate 39 other mining devices, 35 of which were working during the search, in an area near the capital Prishtina. It also stopped a vehicle transporting equipment for mining near the village of Druar. The elements of the police notably found 6 machines and 42 graphics cards (GPU), all hidden in the back of the vehicle.
In short, the various actions carried out by the Kosovo authorities made it possible to seize more than 300 mining of cryptocurrencies. Minister of Economy and Energy of Kosovo, Artane Rizvanolli underlined the importance of the seizures carried out for the economy and the electricity supply of the country. According to his estimates, the confiscations will make it possible tosave tens of thousands of euros per month in taxpayers’ money. This would also correspond to the energy intended for hundreds of Kosovar families during the crisis.
Kosovo follows in Iran’s footsteps
Iran is among the first countries to temporarily halt the mining cryptocurrencies for energy reasons. The local authorities justified their decision by the need to ensure a domestic electricity supply during the winter like their Kosovar counterparts. They have just renewed the ban on activity until next March after a first campaign carried out last summer.
At the time, the Iranian police carried out several operations to seize equipment from mining Through the whole Country. She confiscated 7,000 bitcoin mining devices hidden in an abandoned factory in the capital Tehran. It was then about largest seizure of its kind ever made by local authorities. Before that, they had already seized nearly 1,500 cryptocurrency mining devices in January 2021.
The total ban on mining cryptocurrencies in China has led to a massive migration of minors who have been welcomed by different countries. Some of them are now facing power outages that force them to limit the practice of activity on their territory. In Georgia, residents of the city of Mestia had to take a religious oath to prevent cryptocurrency mining from plunging the country into darkness.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.