Open-pit mining setting impression seen outweighing financial advantages
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Open-pit mining setting impression seen outweighing financial advantages

By Luisa Maria Jacinta C. Jocson

THE return of open-pit mining guarantees a lift to the financial system, presumably on the expense of degrading the setting and residing circumstances for residents close to the mines, a College of the Philippines (UP) educational stated.

“From the view of sustainable improvement, the choice may not be proper contemplating the impression of large-scale mining on native communities. Whereas there could be financial advantages that may be gained from implementing this liberal coverage on mining and granting new permits, these advantages, nevertheless, need to be weighed towards the long-term impression of mining actions on

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Posted On : Published By : Mark Jensen
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Mining revival anticipated as ban lifted

REUTERS

THE PHILIPPINE authorities’s lifting of a four-year-old ban on open pit mining will revive the mining business and probably assist drive the financial system’s restoration from the pandemic, in response to the pinnacle of the Mines and Geosciences Bureau (MGB).

Nevertheless, an advocacy group warned the resumption of mining actions could result in additional environmental harm.

The Division of Surroundings and Pure Sources (DENR) issued on Dec. 23 the Division Administrative Order (DAO) 2021-40, which lifts the nationwide ban on the open pit technique of mining for copper, gold, silver and sophisticated ores. The order was revealed in a

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Bitcoin mining: Digital money printing with real world footprints?

Representation of cryptocurrency (André François McKenzie/Unsplash)

On May 12, 2021, Elon Musk announced on Twitter that Tesla would no longer accept bitcoin for vehicle transactions out of concern for the “great cost” of bitcoin mining on the environment due to the “rapidly increasing use of fossil fuels.” Then, on June 13, 2021, Elon Musk tweeted in a reply to another user that “when there’s confirmation of reasonable (~50{3620381a13159a468e49440759e066b806585052159d280f445194d667fac272}) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” Regardless of one’s opinion about Elon Musk, his stance on prioritizing clean energy echoes a question with

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How the U.S. became the world’s new bitcoin mining hub

Well before China decided to kick out all of its bitcoin miners, they were already leaving in droves, and new data from Cambridge University shows they were likely headed to the United States.

The U.S. has fast become the new darling of the bitcoin mining world. It is the second-biggest mining destination on the planet, accounting for nearly 17{3620381a13159a468e49440759e066b806585052159d280f445194d667fac272} of all the world’s bitcoin miners as of April 2021. That’s a 151{3620381a13159a468e49440759e066b806585052159d280f445194d667fac272} increase from September 2020. 

“For the last 18 months, we’ve had a serious growth of mining infrastructure in the U.S.,” said Darin Feinstein, founder of Blockcap and Core

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Bit Digital, Inc. Announces Bitcoin Production and Mining Operations Update for the Second Quarter of 2021

NEW YORK, July 13, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and mining operations update for the second quarter ended June 30, 2021.

Preliminary Second Quarter 2021 Highlights

  • 70.8{3620381a13159a468e49440759e066b806585052159d280f445194d667fac272} of our miner fleet by hash rate was already deployed, in transit to or awaiting installation in North America at June 30, 2021. Following regulatory changes in China, the Company suspended mining operations there effective June 21, 2021, accelerated its migration program to North America,

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Marathon Digital’s Latest Update Suggests Uptick in U.S. BTC Mining

One of North America’s largest enterprise bitcoin (BTC) self-mining operations produced 265.6 new minted bitcoins last month, a company update revealed.

Marathon Digital, based in Montana, published a production and miner installation update for June 2021, which showed considerable progression in BTC production from, not just May, but across the year so far.

A company press release revealed that Marathon’s mining fleet has produced around 846 newly minted bitcoins in 2021 so far. 265.6 of those were produced in June, showing light growth from the 226.6 produced in May, and a stark increase from the 50.4 produced in January. Last

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Posted On : Published By : Mark Jensen