Kosovo seizes hundreds of cryptocurrency mining devices

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Cryptocurrencies like Bitcoin are created through solving complex equations -- an endeavour that consumes enormous amounts of energy

Tensions between the Serb-majority area and the ethnic Albanian majority government are running high and Kosovo's government on Tuesday brought in a temporary ban on cryptocurrency mining in an effort to bring down electricity consumption.

The confiscated equipment uses as much electricity as 500 homes a month or between 60,000 and 120,000 euros , said Finance Minister Hekuran Murati on Facebook. The energy crisis in Kosovo has worsened after a production unit of one of the two main power plants stopped working and prompted the government to introduce power reductions in December.Earlier this week, police carried out two operations in ethnic Albanian majority areas and seized 70 pieces of crypto mining equipment.

 

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