Kosovo’s miners consider selling equipment
The local cryptocurrency miners do not want to transport equipment abroad

19.01.2022 - 10:10
369
1 min
0
What’s new? After a ban on cryptocurrency mining in Kosovo, miners are actively looking for buyers to sell their equipment. Unlike other countries that have banned mining of digital assets, only a small part of miners have chosen to transport equipment abroad, Bloomberg reports.
What happened to cryptocurrency in Kosovo? Due to the low cost of electricity in the country, many people have taken up mining. This fact and bad weather conditions led to an energy and economic crisis. Late last year, the government declared a state of emergency for 60 days and limited the electricity supply. Subsequently, cryptocurrency mining was banned in Kosovo.
How do the crypto sphere representatives comment on the situation? Ardian Alaj, the co-owner of a crypto exchange in Kosovo, gave an interview in which he stated that he personally knows some of the miners selling their equipment. Alaj added:
“Moving operations abroad would create additional costs the local miners are not accustomed to.”
Useful material?
Market
The product will allow professional investors to track the price of the altcoin without having to hold it directly
Apr 18, 2025
Market
Previously, the PumpFun team launched their decentralized exchange to preserve liquidity in their ecosystem
Apr 17, 2025
Technologies
The company predicts that devices powerful enough to crack a 256-bit key could be available in the next 10 years
Apr 17, 2025
Mining
The collaboration aims to increase decentralization of the blockchain
Apr 15, 2025
Market
The feature will later be available to customers in Europe and Australia
Apr 15, 2025
Crypto regulations
The rule was passed toward the end of Joe Biden’s presidential term
Apr 11, 2025