Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

mining

Australia expects its mining and energy exports to reach record levels

by
mining

Australia’s mining and energy export revenues are forecast to climb 3% to a record A$419 billion ($286 billion) in the year to June 2023. Sanctions on Russia for what Moscow calls a “special military operation” to disarm. Ukraine has sent prices for liquefied natural gas and coal to all-time highs. Australia’s mining and energy send-out … Read more

US House Panel Asks EPA About Digital Asset Mining

by
US House

The letter was written by House Financial Services Committee Republican Leader Patrick McHenry. The letter requests that Michael Regan, Administrator of the Environmental Protection Agency. The benefits and genuine potential of digital asset mining. US House Committee requests that the EPA investigate the potential benefits of digital asset mining. The letter was written by House … Read more

Joe Biden order to accelerate mining may not have quick payoff

by
Joe Biden

WASHINGTON: President Joe Biden is relying on a Cold War-era law to boost lithium and other minerals used in electric vehicles production, but experts say the move alone is unlikely to ensure the robust domestic mining that Biden seeks as he promotes cleaner energy sources. The White House stated that Biden’s decision, which is part … Read more

Expo 2020: Botswana president eyes UAE as gateway to boost trade

by
Botswana

DUBAI: Republic of Botswana President Dr Mokgweetsi Masisi has said that the country has an established base for multilateral investments into several industries, especially, mining, tourism and food. Botswana is currently recovering and emerging from the adverse economic impact of the Covid-19 pandemic. But it emerged as a resilient country, he added. The country has … Read more

Firms targeting Brazil indigenous lands: report

by
mining

RIO DE JANEIRO: Major mining companies are seeking to expand to currently protect the indigenous lands in the Amazon rainforest, bolstered by billions of dollars in financing from international banks and investment firms, a report found. Nine mining giants including Brazil’s Vale, Britain’s Anglo American and Canada’s Belo Sun have filed applications seeking authorisation to … Read more

Smeda holds consultative session for upcoming budget

by
Smeda

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has initiated a series of consultative sessions with stakeholders for compiling recommendations for federal budget 2022/23, a statement said on Thursday. After completing a session with the chambers of commerce and industry of the country, an online session with the trade and industrial associations was held … Read more

Gold miners keen on going green

by

LONDON: The gold mining industry is keen to show off its green credentials, Arab News reported. The World Gold Council has revealed that of the $60.1 billion its 33 members generated in revenue in 38 countries around the world last year, 63 per cent, or $37.9 billion of it remained in the nations where the mining operations … Read more

Six dead in mine blast in Kazakhstan

by
Kazakastan

ALMATY: Six workers died and two more were in “critical condition” Sunday after a methane explosion at an ArcelorMittal mine in Kazakhstan, the company and the emergencies ministry said. A sudden blast took place Sunday morning at the Abaiskaya coal mine operated by ArcelorMittal Temirtau, a Kazakh unit of the steel giant in the Central Asian … Read more

Libya is the first Arab country to mine bitcoin

by
Libya

The CBECI (Cambridge Bitcoin Electricity Consumption Index) data shows that in the Arab world, Libya ranked first with 0.13% of global mining. This followed the uproar over Bitcoin mining in Libya and its link to the country’s electrical situation.

Following is the ranking of the Arab countries:

Libya is in 1st place, with a 0.13 percent share.

UAE and Kuwait are in 2nd place with a 0.08% share for each nation.

Egypt and Jordan are in 3rd place with a 0.04% share for each nation.

Lebanon ranked 4th with a 0.01% share.

In particular, the price of Bitcoin in Libyan dinars is 192,912.13.

Bitcoin mining is the method by which new bitcoins are entered into the flow. It is also a critical factor in the maintenance and development of the blockchain ledger. It is executed using very sophisticated computers that resolve enormously complex computational math glitches.

Cryptocurrency mining is difficult, expensive, and only intermittently rewarding. However, mining has an attractive appeal for many investors involved in cryptocurrency because miners are satisfied with their work with crypto tokens. This may be for the reason that entrepreneurs see mining as “pennies from heaven”.

[embedpost slug=”xiaomi-in-portugal-is-now-accepting-cryptocurrency-payments”]

Read more

Ethereum miner revenue surpasses Bitcoin’s for third month in a row

by
Ethereum

For the third month in a row, Ethereum miners have made more money than Bitcoin miners, the longest streak in history.

Ethereum miners made $1.03 billion in revenue in July, according to The Block’s Data Dashboard, a minor decrease from the previous month.

Bitcoin miners, for their part, earned $971.8 million in July, up over $100 million from June.

While transaction fees have remained a reliable source of revenue for Ethereum miners, this cannot be true for Bitcoin miners. Last month, transaction fees accounted for only 3.1 percent of Bitcoin mining revenue.

Mining revenue is a monetary estimate of the earnings generated by blockchain miners. It’s determined by multiplying each block’s current mining rewards plus transaction fees by the asset’s price for the month. It excludes costs such as power, other operating expenses, and taxes paid by miners.

[embedpost slug=”kevin-oleary-claims-that-investing-in-dogecoin-is-worse-than-gambling”]

Read more

Bitcoin miners in China donated generators to flood relief in Henan

by
Bitcoin

Bitcoin miners in China have joined together to aid families in Henan, which was hit by a devastating flood.

Bitcoin miners have been seen in China’s Henan region providing generators and food. Despite the Chinese crypto crackdown, companies that had to relocate their operations due to the massive mining migration have turned to the Chinese crypto community for help.

Colin Wu, a Chinese journalist, posted a photo of a truck stocked with generators and food donated by BTC miners for Henan citizens. Posters on the truck expressed minor disappointment with the Chinese government as well as sympathy for Henan.

[embedpost slug=”major-korean-bank-offers-cryptocurrency-custody-services”]

Read more

Bitcoin: Western miners profit hugely, during China’s crackdown

by
bitcoin

According to a report published by Arcane Research, China’s restriction on Bitcoin mining has resulted in greater profits for Western miners.

Due to the recent decline in the price of bitcoin, Western mining firms have had massive stock market gains in the last month.

China used to be home to a significant share of the global Bitcoin mining hash rate.

Whereas, Miners began to move out of the country in large numbers as the state began to crackdown.

As a result, the worldwide BTC hash rate has dramatically decreased. Western miners now deliver a larger share of the hash rate.

Mining firms are experiencing better earnings as the competition is very low. These profits exceed the losses due to the extent of the BTC price drop, compared with a net gain.

Marathon and Riot are two of the largest mining companies in the west, and their stock prices have risen significantly.

[embedpost slug=”london-asset-manager-intends-to-invest-55-billion-in-cryptocurrency”]

Read more

Menu

Latest

Entertainment

Lifestyle