Mining
FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K
The year-long mantra that the crypto market would see a blow-off top in December has proven to be a dud thus far and for the last week, most cryptocurrencies have been under sell pressure and Bitcoin (BTC) is encountering difficulty in trading above $47,000. That said, it’s not all bad news for cryptocurrency holders on Dec. 10 because several altcoins have managed to post double-digit gains due to new exchange listings and protocol upgrades. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER). FLUX benefits from the “Binance bump” Flux is a GPU mineable proof-of-work p...
NSCDC raids illegal mining centre, confiscates 700kg of precious stones
The Nigeria Security and Civil Defence Corps, Zamfara Command, has raided an illegal mining centre at Sawa village, Talata Mafara Local Government Area, and confiscated 700kg of precious stones. The command’s Public Relation Officer, Aminu Ismail, made the disclosure while briefing newsmen on Thursday in Gusau. Ismail said that the command received information from the Mining Officer of the Federal Ministry of Mining that some people in the local community had engaged in illegal mining in the area. He said that the command immediately mobilised personnel to the area, adding that none of the suspects was arrested, but a total of 14 bags of 50kg were found fully loaded with precious stones. He said that the stones were confiscated and taken to the command’s office, while investigation was on...
Iran bans cryptocurrency mining for four months
Iran is temporarily banning cryptocurrency mining after some of the country’s major cities experienced repeated blackouts. President Hassan Rouhani said that the ban would last until September 22nd. The country has experienced summer blackouts in years past, and while the current round of outages is mostly being blamed on a drought that’s affecting the country’s ability to generate hydroelectric power, it seems that the Iranian government is eager to cut down on any aggravating factors. Power-hungry cryptocurrency mining operations, for instance. According to the BBC, Iran operates a program where Bitcoin miners must register with with the government, pay extra for electricity, and sell their coins to the central bank. President Rouhani stated that the legal mining operations in the countr...
Nigerian government announces additional economic zones for agric, textile
The federal government has approved the expansion of the existing Free Trade Zones (FTZs), as well as the activation of existing ones to respond to the demands of the African Continental Free Trade Area Agreement (AfCFTA) and the COVID-19 pandemic. The Managing Director, Nigerian Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, who disclosed this Wednesday, further identified the new economic zones to include Funtua FTZ Katsina for textile and cotton, Lagos FTZ for medical, as well as Kwara for agriculture. Speaking while receiving the leadership of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), led by Hajiya Saratu Iya Aliyu in his office, Adesugba said the move seeks to boost the industrialisation agenda of the present admi...
Ondo Amotekun arrests illegal gold miners
The Ondo State Security Network also known as Operation Amotekun has announced the arrest of persons involved in illegal gold mining activities in the state. The suspects, according to the commander of Amotekun, Adetunji Adeleye, were arrested at different locations in Owo forest reserves on Sunday. He gave the names of those arrested as Shuaibu Yahaya, Habbi Usman, Kabiru Waheed, Mohammed Nurudeen, Mohammed Sulaman, Ali Mustapha, Ismaila Wahab, Musa Zeehed, Gabbar Musa, Sule Adamu, Abba Suleman, Usman Kabiru, Yahaya Danladi and Usman Ali Zekeri. The Amotekun official told journalists in Akure, Ondo State, on Monday that the suspects were arrested while operatives were enforcing the order given by Governor Rotimi Makinde that all illegal occupiers of forests reserved should vacate. “The ar...
Iran’s smog, blackouts made worse by power-sapping crypto mining
Outages have been compounded by cryptocurrency mining, which uses banks of high-powered computers. Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s hardships. Tehran’s Hamshahri newspaper, the country’s most-read daily, ran the headline, “20 Days Living in Smoke,” on Wednesday over a photo of the capital covered in smog. Power plants have been forced to switch to burning low-grade fuel oils to generate electricity because high levels of domestic consumption have led to natural-gas shortages, the semi-official Iranian Students’ News Agency reported. Oil Minister Bijan Namdar Zanganeh denied earlier this week that any of Iran’s power stations are us...
U.S. imposes fresh Iran-related sanctions, targets Ayatollah Khamenei-linked foundation
The United States on Wednesday imposed sweeping new sanctions targeting Iran, blacklisting a foundation controlled by Supreme Leader Ayatollah Ali Khamenei and taking aim at what Washington called Iran’s human rights abuses a year after a deadly crackdown on anti-government demonstrators. The post U.S. imposes fresh Iran-related sanctions, targets Ayatollah Khamenei-linked foundation appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
SEC: Governments can unlock potentials by privatisation
The Securities and Exchange Commission, SEC, has stated that the Federal and State Governments have the capabilities to unlock enormous potentials through privatisation. The post SEC: Governments can unlock potentials by privatisation appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
How Tech is Changing the Mining Industry’s Future
Sourced from Mining Weekly. The mining industry across the globe is currently undergoing a technological paradigm shift. Mines of the future will require advanced technologies and mining operators are all set to embrace the new digital technologies to gain a competitive advantage. For centuries, mining has provided us with the raw materials that have enabled us to develop our economies and build communities. Mining as an industry has been maturing over the last few decades on the back of an ever-increasing demand for resources on one side, and a need for sustainability on the other. Even though there have been challenges in the South African mining industry for several years, it still employs nearly 5% of South Africa’s employed workforce, makes a significant direct contribution to GDP, si...
Mexico City moves ahead with reopening with new protocols
Mexico City moves into the second day of its reopening as national officials warn the capital remains at “maximum risk” for COVID-19 after two months of restrictions to slow the spread of the virus. The government still requires everyone wear face masks but social distancing is now only recommended. Mexico City will reopen some sections of public parks for exercising Tuesday and people must wear masks and maintain a healthy distance apart. Zoos and playgrounds will stay closed and restaurants will remain closed. Construction, mining, public markets, and breweries were among the businesses that reopened Monday, with new protocols, including temperature checks for people arriving to work, a requirement that workers be clean shaven to avoid avoid any potential spread of the virus and workers ...
