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Kazakhstan Shuts Down Crypto Mining Farms Till February

Kazakhstan Shuts Down Crypto Mining Farms Till FebruaryData centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities […]

Texas Strategic Bitcoin reserve bill advances to Senate floor

Kosovo police seize 300 crypto mining machines amid electricity shortages

The country’s Minister for Economy tweeted that the seizure of crypto mining machines will save “tens of thousands of Euros per month,” providing “energy for hundreds of Kosovar families.”

The police in Kosovo have ramped up their efforts to crack down on crypto miners in the country, confiscating more than 300 mining machines on Jan. 8 alone.

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

The Kosovo Police confiscated 272 “Antminer” crypto mining machines in Leposavic on Jan 8. Source: Kosovo Police

Meanwhile, the police also stopped a driver carrying 6 crypto mining machines with 42 graphics cards (GPUs) near Druar, in Vushtrri. The driver has since been interviewed and released.

The Minister for Economy Artane Rizvanolli tweeted her support for the Kosovo police, writing: “Tens of thousands of Euros per month of taxpayers’ money is saved = energy for hundreds of Kosovar families during the crisis.”

Kosovo’s energy squeeze

In December, Kosovo declared a state of emergency for 60 days amid an energy crisis and electricity shortages. Since then, the Minister of Economy introduced a blanket ban on crypto mining on Jan. 5. Kosovo currently imports over 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 towards renewable energy sources, especially in the United States which has become the new hub for mining operations. 

According to Netherlands-based news platform The Paypers, crypto mining has been on the rise in Kosovo for some time. Until very recently, electricity has been free for those living in the Serb-majority Northern municipalities since the end of the Kosovo War in 1999.

Related: Iran pauses electricity exports due to crypto mining and hot summer

At the end of Nov 2021, Electricity network system operator KOSTT announced that it will no longer supply free power to the four municipalities in the country’s North: Mitrovica North, Zvecan, Zubin Potok, and Leposavic.

The Balkan country was part of Serbia until 2008 when it declared independence and has upheld these subsidies since. In recent months, several other nations have also expressed concerns about mining-related power outages, including Iran and Kazakhstan.

Texas Strategic Bitcoin reserve bill advances to Senate floor

Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners

Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto MinersThe government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP Project Revived Amid Short […]

Texas Strategic Bitcoin reserve bill advances to Senate floor

Power Deficit Forces Crypto Miners to Leave Kazakhstan

Power Deficit Forces Crypto Miners to Leave KazakhstanElectricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due […]

Texas Strategic Bitcoin reserve bill advances to Senate floor

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls RestrictionsKazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners […]

Texas Strategic Bitcoin reserve bill advances to Senate floor