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Mining

Following a three month ban, Iran reinstitutes its crypto mining industry

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By Bhushan Akolkar (Fri, October 01, 2021) Iran has once again decided to resume crypto mining operations in the country following a three-month ban. Former President Hassan Rouhani had imposed the ban earlier this year on May 26, 2021. The ban was first introduced following concerns of the stability associated with the country’s unreliable power …

Following a three month ban, Iran reinstitutes its crypto mining industry Read More »

El Salvador has just started mining bitcoin using the energy from volcanoes

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By MacKenzie Sigalos (Fri, October 01, 2021) El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into volcano-powered bitcoin mining. On Tuesday, …

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McEwen Mining Inc. (NYSE: MUX) Forecast: Expect A -90.91% Drop Within A Few Months

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By Miguel Garcia McEwen Mining Inc. (NYSE:MUX) shares, rose in value on Friday, September 24, with the stock price up by 0.46% to the previous day’s close as strong demand from buyers drove the stock to $1.10. Actively observing the price movement in the recent trading, the stock is buoying the session at $1.09, falling …

McEwen Mining Inc. (NYSE: MUX) Forecast: Expect A -90.91% Drop Within A Few Months Read More »

With its new cryptocurrency mining business on city land, Denton is suddenly a crypto player

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By https://www.dallasnews.com/author/dave-lieber The City of Denton has leased 31 acres of vacant land next to its gas-fired energy plant to a cryptocurrency mining company. You may not have heard this because most public documents in the deal refer to the venture only as a “data center.” The secretive agreement requires that no news releases be …

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Lead hits three-year peak after German plant shuts, copper firm

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ReutersWednesday July 21, 2021LONDON, July 21 Lead prices surged to a three-year high on Wednesday after a major lead smelter in Germany halted operations due to flooding. Berzelius Stolberg declared force majeure on metal shipments from its plant in western Germany, the biggest primary lead smelter in Europe. Three-month lead on the London Metal Exchange …

Lead hits three-year peak after German plant shuts, copper firm Read More »

Elon Musk on owning bitcoin, ethereum and doge: ‘I might pump, but I don’t dump

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(Kitco News) Tesla CEO Elon Musk said he owns bitcoin, ethereum and dogecoin, adding that Tesla is “most likely” to restart accepting bitcoin as payment. “I own bitcoin, Tesla owns bitcoin, SpaceX owns bitcoin, I own ethereum and dogecoin,” Musk said at the B Word conference during a discussion with ARK Invest CEO Cathie Wood …

Elon Musk on owning bitcoin, ethereum and doge: ‘I might pump, but I don’t dump Read More »

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