Category: Mining

September 28, 2023 BY Elizabeth Anderson

Basin Energy makes moves in Athabasca Basin

In its press release, the company commended its Advanced Geophysical Analysis, which operates using 3D inversion data. This dataset, which was created in collaboration with experts from Computational Geosciences Inc. and Convolutions Geoscience, has led to the identification of multiple priority anomalies which determine the position of the company’s next drill site. According to Geoscience…

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China to carry out the initial real-world trial of its central bank digital currency
December 25, 2019 BY Mariela Naydenova

China seizes 7,000 crypto mining machines

The fight against the mining of cryptocurrencies continues with full force. It is a well-known fact that the mining of Bitcoin and other digital coins drains a huge amount of electricity and this cost often comes at the expense of the respective government. While in China it's no longer a crime to found mining operations,…

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Bankenverband,cryptocurrency,digital currency
December 17, 2019 BY Mariela Naydenova

Two Russian citizens prosecuted for crypto mining on government devices

Authorities in Russia have prosecuted two Russians for illegally mining cryptocurrencies using government computers. The news comes from local press coverage TASS. According to TASS, the two Russian men were targeting the hardware of Russian state organizations to mine digital coins using web browsers. The published report on the news does not reveal the identities…

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North Korea tensions margin requirements
September 03, 2019 BY Mariela Naydenova

North Korea denies the $2 billion crypto hacking allegations

In early August 2019, North Korea made news when Leaprate reported that the country has reportedly hacked and stole around $2 billion worth of crypto and fiat money. The hack was done through numerous cyber attacks on different financial institutions and crypto exchanges. The ultimate goal? - to fund a military weapons program. The news…

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Bankenverband,cryptocurrency,digital currency
March 20, 2019 BY Mariela Naydenova

REBGLO - new, ecological approach to crypto mining

The topic of crypto mining and its high ecological costs have been on experts' and investors' minds forever. The problem is that mining of cryptocurrencies often involves high electricity costs and even loss of valuable data. How does the mining exactly work? Each miner has to solve a mathematical problem (this happens in the matter…

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Bitcoin miner
November 29, 2018 BY Valentina Kirilova

The end of crypto mining? Industry expert commentary

Mining businesses are in trouble with bitcoin being low and companies like GigaWatt filing for bankruptcy. Bitcoin prices jumped as much as 16% Wednesday after hitting a new 14-month low over the weekend. The cryptocurrency was trading around $4,300 as of 3:55 p.m. ET. Below is Node Haven's commentary on the current mining situation: What…

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WinMiner announces launch of its mining platform
August 13, 2018 BY Valentina Kirilova

WinMiner announces launch of its mining platform

WinMiner has announced the official launch of its platform with over 160,000 registered users, returning mining to the decentralized ethos blockchain was founded on. WinMiner is the mining optimization platform that provides a one-click solution and easy to understand dashboard. With WinMiner, the complicated world of cryptocurrency mining is opened up to the masses. This…

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