Tag Archives: Mine

Private investors buying electric power stations in Russia to mine cryptocurrency

Two electric power stations in Russia have been sold for the purpose of cryptocurrency mining, the Kommersant newspaper reported, citing sources. It is the first such deal in the country. The two power stations are in Perm Region, on the western slopes of the Middle Ural Mountains, and in the neighboring Republic of Udmurtia. The facilities will be used to ...

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‘Hypocrital US demands Iran unblock protesters’ Instagram after ordering to block mine’ – Kadyrov

Chechen leader Ramzan Kadyrov has ripped into Facebook and the US government for the blocking of his social media handles, saying, Washington views support for Syria and Palestine’s Jerusalem claim as backing terrorism. In a message posted to Telegram Wednesday, Kadyrov accused the US of “hypocrisy” for condemning the Iranian government’s blocking of Instagram and Telegram during the ongoing protests, ...

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‘Mine is bigger’: Trump dares Kim Jong-un to compare nuclear buttons

Published time: 3 Jan, 2018 00:58 Edited time: 3 Jan, 2018 01:33 President Donald Trump has fired off a tweet against North Korean supreme leader Kim Jong-un, claiming to have a “more powerful” nuclear weapons launcher than him. Trump responded Tuesday night to comments Kim made earlier this week during a New Year speech. North Korean Leader Kim Jong Un ...

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Russian oil pipeline company says its computers were hacked to mine cryptocurrency

Published time: 16 Dec, 2017 11:59 Officials at Transneft told Reuters on Friday its computers had been used for the unauthorized mining of the cryptocurrency monero. Monero is the eleventh-largest virtual currency with a market cap of over $ 5 billion. “Incidents where the company’s hardware was used to manufacture cryptocurrency have been found. It could have a negative impact ...

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Wi-Fi at Starbucks hijacked computers to mine cryptocurrencies

Published time: 14 Dec, 2017 02:33 Coffee giant Starbucks has confirmed that the free Wi-Fi in at least one of its Argentina stores has been infecting its customers’ electronic devices with a malicious code to mine cryptocurrencies. The issue was initially reported early in December by an executive of a New York-based technology company, who noticed that while he got ...

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Santa-bitcoin? Russian Father Frost may create own cryptocurrency & mine it

Published time: 4 Dec, 2017 16:04 In a bid to keep up with the times, Father Frost, Russia’s answer to Santa Claus, has vowed to create his own digital currency. The holiday gift-bringer may even use a mining farm to warm up his residence in northwestern Russia, local media reported. Despite his advanced years, Father Frost – or Ded Moroz ...

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How many barrels of oil are needed to mine one bitcoin?

The bitcoin boom is well and truly underway, and investors are constantly looking for new ways to gain an advantage in this space. The best way to do this, it seems, is by cutting the energy costs of mining this precious commodity. Read more The bitcoin mining industry consumes 22.5 TWh of energy annually, which amounts to 13,239,916 barrels of ...

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BREAKING: Armed attackers kidnap French worker from Congo gold mine

The hostages include one French national, one Tanzanian and three Congolese. Officials at Banro Corp’s Namoya gold mine have said they have not been able to identify the attackers yet after they struck on Tuesday night. They are suspected of being militiamen. Crispin Mutwedu, a senior Banro official, said an investigation is underway. He added local militia have been threatening ...

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Dozens killed in Myanmar mine landslide

Myanmar landslide: 90 dead at Kachin jade mine 22 November 2015 From the section Asia Image copyright Getty Images Image caption At least 90 bodies have been recovered A landslide at a jade mine has killed at least 90 people in northern Myanmar, witnesses say. The victims were buried when a vast heap of waste material, discarded by the mining ...

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