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Cryptocurrency Mining Banned in Kosovo to Save Electricity

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3 years ago

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Cryptocurrency Mining Banned in Kosovo to Save Electricity

The Kosovo government announced a ban on cryptocurrency mining on Tuesday to curb power consumption as the country faces its worst energy crisis in a decade due to production interruptions.

The Minister of Economy and Energy Artane Rizvanolli said in a statement: “All law enforcement agencies will cooperate with other relevant agencies to stop the production of this activity, and these agencies will determine the location of the production of cryptocurrency.”

Due to the low electricity prices in Kosovo in recent years, many young people in Kosovo have participated in cryptocurrency mining. Faced with power outages in coal-fired power plants and high import prices, the authorities were forced to implement power outages last month.

European natural gas prices soared by more than 30% on Tuesday after Russia’s insufficient supply. As the weather turns cooler, concerns about energy austerity have once again been raised.

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In December, Kosovo declared a state of emergency for 60 days, which will allow the government to allocate more funds for energy imports, introduce more power outages and stricter measures. An unnamed miner who owns 40 GPUs (Processing Units) told Reuters that he paid about 170 Euros (approximately Rs 14,300) a month for electricity and received about 2,400 Euros (approximately Rs. 14,300) from mining. 20 lakh rupees) profit.

Coin mining is on the rise in northern Kosovo, most of which are Serbs who do not recognize Kosovo and refuse to pay for electricity.

This country with a population of 1.8 million now imports more than 40% of its energy, and there is a great demand in winter when people use electricity mainly for heating.

Approximately 90% of Kosovo’s energy production comes from lignite, which is a soft coal that produces toxic pollution when burned.

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Official data show that Kosovo has the world’s fifth-largest lignite reserves, at 1.2-14 billion tons.

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Published

2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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