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Uranium Mining Industry Renews Push Into Bears Ears

“Mining groups have also waged a six-year legal battle against a moratorium on new uranium mining on more than a million acres of land adjacent to the Grand Canyon” writes Hiroko Tabuchi for nytimes.com. Energy Fuels said it had sold its Bears Ears claims to a smaller company, Encore Energy, in 2016.But President Trump has prioritized scrapping environmental regulations to help revitalize domestic energy production. Source: nytimes.com Share This:

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The cryptocurrency craze is causing a shortage that gamers aren’t going to like

“Many 1080 Ti models are regularly out of stock through online retailers, or are getting marked up to higher and higher prices” writes Kellen Beck for mashable.com. People who are really into mining cryptocurrencies can use multiple high-end GPUs to mine at faster rates, and the recent spike in cryptocurrency popularity has made the demand for high-end GPUs skyrocket.The 1080 Ti typically goes for around $1,000 or less, and it used to be pretty easy to find online.If the cryptocurrency bubble ever bursts, the hype will probably die down and…

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Crypto News 

Bitcoin Can Drop 50% and China Miners Will Still Make Money

“Bitcoin mining is so profitable in China that the cryptocurrency could fall by half and miners would still make money, according to Bloomberg New Energy Finance” writes Dan Murtaugh for bloomberg.com. Bloomberg’s Justina Lee reports on how China is said to be curbing power for bitcoin miners.In China, miners used 15.4 terawatt hours, which is just a blip in the country’s massive power industry.The computers used in mining aren’t expected to last more than two years and the other equipment involved is relatively cheap.And if China does make good on…

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Crypto News 

Bitcoin’s Cheap Energy Feast Is Ending

“Amid this glut, bitcoin has been a boon for generators” writes David Fickling for bloomberg.com. To understand why China is cracking down on power use by bitcoin miners, have a look at curtailment.As those measures dry up China’s generation glut, bitcoin miners that have grown fat on some of the cheapest power prices in the world may find life getting tougher.By offering cheap fuel to bitcoin’s crypto farms, generators have been able to improve the meager returns on their fixed assets.But the business model may already be under threat regardless…

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China is reportedly eyeing government regulation on the power usage of bitcoin mining

“The intensive use of computers for bitcoin mining has boosted demand for electricity” writes Pierre Teyssot for cnbc.com. Bitcoin miners have feared that they could be the next target.Experts say China is one of the world’s biggest sources of bitcoin mining, where miners solve complex mathematical puzzles with computers in order to be awarded virtual coins.China’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a…

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Crypto News 

they take used tires and heat them to a precise temperature, resulting in components like steel, carbon black, and a burnable fuel

“Basically, they take used tires and heat them to a precise temperature, resulting in components like steel (from belted tires), carbon black, and a burnable fuel” reports vice.com. If this year’s upward price trend continues, we could be looking at an incredible amount of power used by various cryptocurrency mining networks, including Bitcoin.Cryptocurrency mining in general is the process that secures transactions and generates new tokens.An entrepreneurial cryptocurrency mining company has just announced an unusual deal: it has partnered with a tire-based waste-to-energy company in the United States to power…

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Crypto News 

Gaming platform Steam ditches bitcoin support, citing ‘high fees and volatility’

“In return for their ongoing maintenance of the network, miners are paid transaction fees” writes Ryan Browne for cnbc.com. All bitcoin transactions are recorded on a huge decentralized record of transactions known as the blockchain. And Blockchain.info shows that miners have made more than $3 million dollars in transaction fees.”In the past few months we’ve seen an increase in the volatility in the value of bitcoin and a significant increase in the fees to process transactions on the bitcoin network,” Steam said.Gamers can no longer pay with bitcoin on the…

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Gold miner’s shares jump 2,400pc after it switches to Bitcoin

“The digital currency Bitcoin is often hailed by its supporters as a new version of gold, but the claim has been taken literally by one company, with spectacular results” writes James Titcomb for telegraph.co.uk. The news has seen the company’s value total shoot up from around £3m two months ago to £78m on Tuesday.In October, the company announced it was switching to working on blockchain – the database technology behind Bitcoin – and on Sunday it confirmed it is planning to buy a 75pc stake in Bitfarms, a Canadian company…

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Nvidia benefits from rising cryptocurrency prices, analyst says

“A “notable shift” higher in cryptocurrency prices should be good for chip maker Nvidia Corp” writes Jeremy C for marketwatch.com. Nvidia shares have more than doubled this year and AMD shares are up 0.2% while the S&P 500 index SPX, +0.25% has gained 16%.AMD, +0.04% have received a boost this year from sales to cryptocurrency miners, who use their GPUs to help create the digital currency. RBC has a buy rating and $250 price target on Nvidia stock, which was trading about 0.8% higher Friday.NVDA, +0.66% RBC Capital Markets analyst…

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