Lack Of Energy Efficient Mining Rigs Causes Crypto Crackdown In Kosovo Due To Electricity Usage

31 sec read


Crypto Mining Rigs Seized in Raid

Bitcoin mining’s intense energy usage has become a major target for environmentalists keeping an eye on the cryptocurrency space. And some countries are suffering a greater personal impact than others from the intense consumption of their resources. Kosovo is one such international hot spot.

The government of Kosovo has initiated crackdowns on crypto mining in a bid to tackle the electricity shortage. Meanwhile, the price of Bitcoin fell 0.47 per cent, while Ethereum was down 0.35 per cent in the last 24 hours.

To tackle the electricity shortage issue; Kosovo, a partially recognised state in Southeast Europe has started a crackdown on crypto mining. In recent action, Kosovo Police have seized a total of 300 crypto mining machines during the raid in the regions of Leposavic and Prishtina after Kosovo imposed a blanket ban on crypto mining on January 5, according to various media reports.

Via this site.