[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Poll finds 60 percent would vote against Biden if election was held now

Russia proposes interim nuke deal to Iran, with US aware of talks on matter – report

Will Democrats Ever Stop Embarrassing Themselves?

THE HUGE BUTCHERS BILL FROM INJECTIONS IN THE UK AMONGST THE OVER 60’S!!!!

Horowitz: The very concerning data from Scotland

Weekend Open Thread

Go bold, GOP: 10 commandments worth running on in midterm elections

REPORT: Mask Mandates Causing Over 350% Surge In Childhood Speech Delays.

Serbia revokes Rio Tinto's licences - $2.4 BILLION investment gone. after Australia takes a dump on their national tennis star

NYPD Nazi pricks arrest 9 year old for not having Vax card.

A Shockingly High Percentage Of The U.S. Population Actually Wants An Authoritarian “Big Brother” Police State

Video Shows Pennsylvania Official Admitting Election Laws Were Broken In 2020

Durham vs. HorowiTz ... Tension Over Truth - Consequences --- Grips The FBI's Trump-Russia Reckoning

LibertysFlame Server Maintenance Complete (for today)

The Last Days of the Covidian Cult

Remember the Service Station?

Substitute teacher was FIRED for refusing to “meow” to a student who claims to self-identify as a CAT

LibertysFlame Server maintenance

Geddy Lee-Dan Rather Interview

Chinese Yell N word at NBA Players

Army Conducting Two-Week 'Guerrilla Warfare Exercise' in Rural North Carolina Focused On Battling 'Freedom Fighters'

It Doesn’t Matter That Voters Hate Joe Biden If Democrats Can Rig Elections

And there you have it - they want to “prevent people from exercising their fundamental rights.”

Snarky Puppy - Lingus (We Like It Here)

Larnell Lewis Hears "Enter Sandman" For The First Time

Time to boycott Carhartt…

Wisconsin Judge Bans Ballot Drop Boxes, Says Election Officials Broke The Law

Democrats Are Priming Themselves To Refuse To Accept Any Election Defeats

The Left is trying to erase the meaning of citizenship

iT would Take abouT a full year for ... The double-vaxxed FrankensTein geneTically alTered freaks --- To sTarT konking off like flies.

12 Charts Explain Why President Biden's Ratings Are On Life Support

Latinos Are Saying ¡Adios! to Joe Biden In Large Droves According to New Poll

DESPITE MASS CENSORSHIP THERE IS CONSENSUS AMONG TOP SCIENTISTS: C19 AND C19 JABS ARE BIOWEAPONS

DR. ZELENKO REVEALS HORRIFIC MARK OF THE BEAST BANKERS TECHNOLOGY ENGINEERED TO CONDEMN HUMANITY

YouTube star who suffered from real-life Benjamin Button disease dies at the age of 15 after inspiring millions with her videos: Family pays tribute to teen and says she 'is no longer in pain'

New Poll Shows Trump Would Beat Biden if Election Were Held Today

The video of German pathologists and claims for what is in the mRNA shots

Why Republicans aren't likely to lose any Senate seats in 2022

USA Today supports Pedophiles

Biden’s “Voting Rights” Scam Would Make It Easier To Steal Elections

James O'keef Documents-story of what happened and how and why the ivermectin and Hydroxychloroquine work.

James O'keef Documents-story of what happened and how and why the ivermectin and Hydroxychloroquine work.

One Year Ago, Big Tech Declared Open War On America. Here’s What’s Next

Ventusky weahter site

This Clown wants to rule the world

Disgraced FBI No. 2 Andrew McCabe Calls For Feds To Treat ‘Mainstream’ Conservatives Like Domestic Terrorists

A solution they DO NOT want you to know.

This trans-humanist tech was exposed for decades.

WARNING: NAZI EXPERIMENTS - DR MIKE YEADON INTERVIEW WITH JAMES DELINGPOLE

Democrats’ Top Priority Before Fall Elections Is Rigging U.S. Voting Rules


Status: Not Logged In; Sign In

International News
See other International News Articles

Title: Kosovo Has Banned Cryptocurrency Mining in Order to Save Electricity During the Crisis
Source: [None]
URL Source: https://www.cryptonewsz.com/kosovo- ... electricity-during-the-crisis/
Published: Jan 5, 2022
Author: Roxanne Williams
Post Date: 2022-01-05 07:49:02 by A K A Stone
Keywords: None
Views: 28

Kosovo’s government banned crypto mining on Tuesday in an effort to reduce electricity usage as the country is facing the very worst energy shortage in a decade due to the manufacturing blackouts.

All law enforcement agencies will halt this action in collaboration with some other competent authorities that will recognize the places where crypto production occurs.

Because of low electricity prices in Kosovo in recent times, numerous young people in the country have become engaged in crypto mining for currencies such as bitcoin.

Mining for Bitcoin (BTC) has always been a burning topic in recent weeks, at least, with the effect of extraction on global warming at the heart of the debate.

Bitcoin is estimated to cover 707KwH for every transaction, as per a report from the Columbia Climate School. Furthermore, mining computer systems add to the usage estimate due to cooling load. According to the University of Cambridge, Bitcoin mining uses up to 121.36 terawatt-hours each year.

Officials were required to undertake power cuts steadily for the past month due to coal-fired power plant power failures and rising import costs.

European gas prices increased by more than 30 percent on Tuesday, as limited supplies from Russia fueled fears of an energy shortage as colder temps approached.

Kosovo raised the alarm for sixty days in December, allowing the government to spend lots of money on imported energy, implement more power outages, and impose stricter provisions. One miner, who asked to remain anonymous and owns 40 GPUs, told Reuters that he spends about 170 euros a month on electricity & earns about 2,400 euros a month from mining.

Coin mining has increased in northern Kosovo, which is primarily inhabited by Serbs who don’t even acknowledge the state of Kosovo as well as keep refusing to pay for the electricity.

The 1.8 million-person country nowadays is importing over 40 percent of its consumed energy, with growing market demand during the cold season, when folks utilize electricity primarily for heat generation.

Approximately 90 percent of Kosovo’s power production is derived from lignite, delicate coal that emits toxic pollutants when burned.

According to official numbers, Kosovo does have the world’s 5th largest lignite reserves, with 12-14B tonnes.

However, Kosovo would not be the first country to face an energy crisis of this magnitude. Iran, in a similar action, banned cryptocurrency mining inside its own borders on 28th December. However, Iran’s prohibition has a deadline, giving residents until March 6th to conserve energy and minimize power outages throughout the winter.

Meanwhile, the native report stated that law enforcement agencies are preparing to assist in ensuring that the extraction ban is rigorously enforced. They will further strive to identify laborers who violated the new legislation.

The Kosovo govt’s latest effort brings Bitcoin mining as well as climate change back into the limelight.

The Chinese government’s restriction on Bitcoin mining was not simply to line up with the government’s approach to cryptocurrencies. The Chinese government intends to achieve carbon neutrality by 2060. Bitcoin extraction is approximated to emit 22 to 22.9 million metric tonnes of CO2 per year. There are fears that this figure will continue rising. Renewables are prohibitively expensive, and it would eat into mining profits.

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com