Tag Archives: Mining

[unable to retrieve full-text content]Yango Taxi App Investigated Over Possible Data Mining by Kremlin …  Kyiv Post Source link

Bitech Technologies Corporation Costa Mesa, CA, Sept. 09, 2022 (GLOBE NEWSWIRE) — Bitech Technologies Corporation [OTCQB: BTTC] (“Bitech” or “Bitech Technologies”), a global technology solution provider dedicated to providing a suite of green energy solutions with a focus in cryptocurrency mining, data centers and other renewable energy initiatives, announced today it has signed a non-binding Letter of Intent (LOI) to enter into a Joint Venture with GreenTek Mining LLC… Source link

Base metals rallied on Thursday, but their downward trend over the last several weeks has been flashing recessionary signals. Copper (HG=F) futures touched a 19-month low this week amid concerns of a recession. The metal used in everything from jewelry to motors and electrical wiring is down about 19% year to date. “Doctor” Copper is often used to gauge the overall health of the economy. “Weak commodity prices help ease inflation fears,” Fiona Cincotta, senior financial markets analyst at City… Source link

China made headlines in 2021 when it first banned all domestic cryptocurrency mining in June and then outlawed cryptocurrencies completely in September. Following Beijing’s decision, questions remained as to where large scale mining companies would move their operations to next, with China being responsible for much of their world’s mining activity up until the crackdown. GEM Mining CEO John Warren believes that the U.S. has been able to fill the vacuum left by the Chinese pullout of the… Source link

Drilling for oil and gas and mining for bitcoin might seem like an odd couple. One is more than 150 years old. The other has existed for a little over a decade. One is a staple of industrial development, squarely grounded in the world of atoms. The other is an innovation of a digital era, financial plumbing for the world of bits. One involves sweaty outdoor work. The other involves a lot of math and abstraction inside cavernous air-conditioned data centers. If the founders of bitcoin miner JAI… Source link

Google logo and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to reuters.com Register SYDNEY, Nov 22 (Reuters) – Australian mining billionaire Andrew Forrest’s philanthropic organisation will help 18 small news publishers in the country to negotiate collectively with Google and Facebook (FB.O) to secure licensing deals for the supply of news content. Forrest’s Minderoo Foundation on Monday said… Source link

A new analysis by the New York Times revealed the extent of the high energy consumption mining Bitcoin entails. The process of mining Bitcoin, in which complex math algorithms must be solved to create and award new Bitcoin, is a highly energy-intensive process. Each year, mining Bitcoin is responsible for the consumption of about 91 terawatt-hours of electricity, which is more than the entire annual electricity use of Finland. This constitutes about 0.5 percent total global electricity… Source link

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties. Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271. Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114. Forbes reported that “mining difficulty”, a score… Source link

Bitcoin crested above $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting bitcoin mining on par with profits near the coin’s April all-time-high.  Now, building infrastructure for the energy-intensive business poses the greatest challenge for companies and individuals hoping to reap big money. That means finding cheap and reliable energy sources, striking deals and building out mining facilities. “Throughout the summer,… Source link

John King knew his small town of Rockdale, Texas, had landed on the global crypto map when three Chinese bitcoin miners showed up at City Hall unannounced this summer. Then came the phone calls to the city’s Chamber of Commerce, from investors asking about power hookups, to connect mining equipment they planned to ship from China. None had ever stepped foot inside the rural West Texas community, with a population of roughly 5,600 people. “I didn’t have any inkling [about what was happening… Source link