Featured image of post Kosovo bans cryptocurrency mining after blackouts

Kosovo bans cryptocurrency mining after blackouts

The Balkan country is enforcing blackouts amid an electricity shortage caused by high global prices.

The Balkan country is enforcing blackouts amid an electricity shortage caused by high global prices.

Summary

  • Concerned about the environmental impact of the practice, other countries such as China and Iran have cracked down on crypto mining.
  • Last year, Iran announce a four-month ban because it was draining more than 2GW from the grid each day.