Crypto Mining Causing Blackouts and Energy Riots

Key Points:

  • Kosovo has been enforcing rolling blackouts amid an electricity shortage due to their largest coal power plant shutting down last month due to technical issues.

    • The blackouts have caused protests and and even calls for the Economy Minister to resign.

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  • Kazakhstan is also experiencing protests and riots regarding surging energy costs due to the extreme influx of crypto mining in the months following China’s crypto bans.

    • In response, the country’s largest telecom provider, Kazakhtelecom, shut off internet access throughout the country.

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