/Kosovo police seize 300 cryptocurrency mining machines amid electricity shortage
Kosovo police seize 300 cryptocurrency mining machines amid electricity shortage

Kosovo police seize 300 cryptocurrency mining machines amid electricity shortage

The country’s economy minister tweeted that the seizure of crypto mining machines will save “tens of thousands of euros a month,” providing “energy to hundreds of Kosovar families.”

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La policía de Kosovo incauta 300 máquinas de minería de criptomonedas en medio de la escasez de electricidad

The Kosovo police have stepped up their efforts to crack down on cryptocurrency miners in the country: they seized more than 300 mining machines on the 8th alone. from January.

An announcement issued by the Kosovo police on January 8 revealed that it had seized 272 Bitcoin “Antminer” mining machines in Leposavic municipality, and 39 other mining machines near Prishtina.

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Kosovo Police seized 272 “Antminer” cryptocurrency mining machines in Leposavic on January 8. Fountain: Kosovo Police

Meanwhile, the Police also detained a driver carrying 6 cryptocurrency mining machines with 42 graphics cards (GPUs) near Druar, in Vushtrri. The driver has been questioned and released.

The Minister of Economy Artane Rizvanolli tweeted his support for the Kosovo police, writing: “ Saving tens of thousands of euros a month of taxpayers’ money=energy for hundreds of Kosovar families during the crisis. “

  • Kosovo government halts cryptocurrency mining amid energy crisis

Kosovo’s energy crisis

In December, Kosovo declared a state of emergency for 60 days in in the midst of an energy crisis and electricity shortages. Since then, the Minister of the Economy introduced a blanket ban on cryptocurrency mining on January 5. Kosovo currently imports more than 40% of its energy.

As previously reported by Cointelegraph, Bitcoin mining uses 101 TWh per year or more energy than the entire country of the Philippines. Despite this, miners are increasingly turning to renewable energy sources, especially in the United States, which has become the new mining operations center.

  • Kazakhstan, the main Bitcoin mining country, shuts down the Internet amid protests

According to the Netherlands-based news platform The Paypers, Cryptocurrency mining has been booming in Kosovo for some time. Until very recently, electricity has been free for those living in the northern municipalities, mostly Serbs, since the end of the Kosovo war in 1999.

At the end of November 2021, the operator KOSTT announced that it would stop supplying free energy to the four municipalities in the north of the country: Mitrovica Norte, Zvecan, Zubin Potok and Leposavic.

The Balkan country was part of Serbia until 2008, when it declared its independence, and has maintained these subsidies ever since. In recent months, other countries have also raised concerns about power outages related to cryptocurrency mining, such as Iran and Kazakhstan.

Keep reading:

  • Report: Chinese cryptocurrency miner BIT Mining has “little chance” of fleeing Kazakhstan
  • Kosovo Government Halts Cryptocurrency Mining Amid Energy Crisis

  • Kazakhstan, the main Bitcoin mining country, shuts down the Internet amid protests
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  • USA: Operator of an unlicensed Bitcoin exchange is indicted by the Department of Justice

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