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Kosovo was the ideal place to produce virtual currency.
North and South Mitrovica were cryptocurrency paradises because electricity was not paid for there. The decision of the Kosovo government to stop the production of cryptocurrencies has not been welcomed by all. Milot Mehmeti from Kosovo says that for years he has also produced cryptocurrencies, but unlike his colleagues from Mitrovica he paid the electricity bill.
I started investing in mining equipment in 2015. There were over 365 graphics cards which were configured to do cryptocurrency mining.
Has the production of cryptocurrency flourished in Kosovo?
Not being able to find themselves in the labor market due to the country’s economy people have started investing in cryptocurrencies. While the reason why crypto mines are focused in Mitrovica is because electricity is not paid there.
In which month did you produce the most money from the cryptos?
In the years 2016-2017 the benefit was around 10 thousand euros and 2-3 thousand Euros were the cost to pay for electricity.
Albania’s large bitcoin farms were transferred to Mitrovica to stay out of state control. In Albania, if you set up a farm that produces bitcoin, you have to steal electricity, but the theft of electricity only happens if you share the profit that this farm gives with the OSHE employee and the police officer, otherwise you risk ending up in handcuffs in hands.
Are there large mines from Albania to Kosovo, so we have Albanian investors?
Yes, there is because electricity is very cheap here, while in Mitrovica it is not paid at all.
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