The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months.The executive power in Kosovo has approved certain steps to ensure sufficient energy supplies for homes and businesses during the next weeks and months. Tass news agency reports that the respective decree has been published by the government in Pristina this week.
Prohibiting the use of electrical energy for digital currency production is also listed as a necessary move. The power-hungry industrial activity was firstlast winter, when the partially recognized republic in Southeast Europe was facing shortages. In a statement, the Kosovo authorities insisted their main motivation is to not only ensure sufficient energy supply during the winter but also to protect the public interest. The measures, including the mining ban, have been imposed for an initial period of two months but the ministers will be able to extend them for up to 180 days with a majority vote.
Off grid harness the sun for your miners, abundance of waste energy.
Bitcoin only has value till US dollar has its. It is just a pönzi which has no real value of its own. USD is still better than btc as it atleast gets printed whereas btc is an invisible speculative saviour which is just invented to make the rich richer. 🤘☯️🤘
What... where are their solar panels
There are many other places in the world where they mine cryptos. This prohibition will not affect the development of crypto industry.
Serbia is the country btw. 😉
Unpleasant news.
But if the individuals want to pay these high prices then let them.
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