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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.

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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.

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.

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

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

Complete News Source : Gadgets360

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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