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Police in Kosovo Seize Crypto Mining Rigs From Serbs

Police in Kosovo Seize Crypto Mining Rigs From SerbsKosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in […]

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Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices

Kosovo Renews Crypto Mining Ban Amid Rising Energy PricesThe government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months. Authorities in Kosovo Reinstate Ban on Cryptocurrency Mining The executive power in […]

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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.

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Kosovo Halts Cryptocurrency Mining Amid Energy Crisis

Kosovo Halts Cryptocurrency Mining Amid Energy CrisisThe government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. Kosovo Authorities Ban Crypto Mining to Save Needed Energy The […]

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