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Why Dogecoin's mining security has run through Litecoin since 2014 Dogecoin descends from Litecoin's codebase and uses the same Scrypt mining algorithm as litecoin:native. That overlap became a security concern in 2014, as miners swung between the two chains chasing rewards. The fix was merged mining. Since block 371,337...

23,888 просмотров • 24 дней назад •via X (Twitter)

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𝐄𝐔𝐑𝐎 𝐆𝐎𝐋𝐃 𝐋𝐀𝐔𝐍𝐂𝐇𝐄𝐒 𝐒𝐌𝐀𝐋𝐋-𝐒𝐂𝐀𝐋𝐄 𝐆𝐎𝐋𝐃 𝐌𝐈𝐍𝐈𝐍𝐆 𝐏𝐑𝐎𝐉𝐄𝐂𝐓 𝐈𝐍 𝐘𝐔𝐌𝐁𝐄 Yumbe District has taken a major step in Uganda’s mineral development journey with the launch of the Euro Gold Small-Scale Mining Project, strengthening efforts to formalise artisanal and small-scale mining and promote responsible exploitation of Uganda’s mineral resources. State Minister for Mineral Development Phiona Nyamutoro said the launch demonstrates Government’s commitment to developing the mineral sector under NDP IV. She noted that Yumbe and Zombo are among gold-rich areas in West Nile and urged Euro Gold to comply with the law, create jobs and internships, support communities and progressively move into medium- and large-scale mining. She reaffirmed Government’s resolve to close illegal mining operations and called for improved safety, insurance and healthcare for miners. Euro Gold CEO Ben Feni said the company spent more than two years surveying and exploring the area before securing its mining ground. Its operations cover about 79 square kilometres across West Nile, with Yumbe as its pioneer site. The company targets production of at least 20kg of gold per week and plans to establish a processing plant to strengthen traceability and accountability. “We are going to build our nation,” Feni said. Assimwe Kenneth, CEO of the Uganda Association of Artisanal and Small-Scale Miners, commended Euro Gold and Government for supporting formalisation. He urged communities to keep children in school and out of mining, encouraged the use of PPE and called for accessible insurance schemes for small-scale miners. Tusigwire Julius, Head of the Mineral Police Unit, said the unit, established in 2017, is responsible for combating illegal mining, mineral smuggling, fraud and forced labour. He revealed that more than 15 illegal mining sites have been closed this year, while raising concern over recent deaths in illegal mining sites. Eng. Grace Nakku, from the Office of the Commissioner, Minerals and Energy Department, said responsible mining is key to attracting investment and growing Uganda’s mineral sector. She advised that only people aged 18 and above should enter mining sites and encouraged Euro Gold to scale up while continuing to support artisanal and small-scale miners. The launch reinforces Government’s commitment to a formal, safe, responsible and investment-driven mining sector that creates jobs, supports communities and contributes to Uganda’s economic transformation.

Government of Uganda

17,605 просмотров • 25 дней назад

The biggest Bitcoin miners on earth are quietly walking away from mining Bitcoin, and the reason is not the one everyone keeps repeating. They are not fleeing a dead business. They lost an auction for their own power, and the winner was artificial intelligence. Start with the brutal arithmetic. It now costs the average public miner around $80,000 in cash to produce a single Bitcoin, and for stretches of this year $BTC traded below that. The most efficient operators on the cheapest power still clear a margin, but an estimated 15 to 20 percent of the global fleet is mining at a loss right now, burning more in power than the coins are worth the second they are minted. Three straight downward difficulty adjustments earlier this year, the first such streak since 2022, were the footprint of machines going dark. That looks like a simple story of a broken business until you see the number that explains the exodus. The same megawatt of power that earns a Bitcoin miner roughly $1 million a year earns between $10 and $20 million a year hosting AI compute. Ten to twenty times more, for the identical electricity, substation, and cooling. What made industrial miners valuable was never the mining. It was the power contracts, the land, the grid interconnects. AI walked in and bid an order of magnitude higher for exactly those assets. Mining did not fail. It got outbid for its own infrastructure. When Core Scientific runs its BTC segment at a negative margin while its AI colocation business prints money, the decision writes itself. CoinShares estimates listed miners could pull up to 70 percent of their revenue from AI by year end, up from about 30 percent. The power is being repriced to its highest use, and Bitcoin lost the bidding. If the giants leave, what happens to the network they secured? The doom posts assume it weakens. It does not, because Bitcoin has a self-healing reflex written into its core. When miners switch off, blocks slow, and within two weeks difficulty automatically drops, which makes mining cheaper and more profitable for everyone still running. The security does not vanish, it relocates, and you can already see where. State-backed pools are appearing, with one Gulf operator reportedly standing up a national pool near 3 percent of global hashrate, alongside private fleets and the handful of public miners like Marathon still choosing to buy Bitcoin rather than lease their power away. The network even hit an all-time high above one zettahash this year as the pivot accelerated. It does not need any particular miner. It needs someone, somewhere, for whom the math still works, and cheap stranded power has no shortage of those. But there is a deeper timer here, and the AI pivot just exposed it. Today miners earn almost everything from the block subsidy and almost nothing from fees, often under one percent of revenue on a quiet day. That subsidy halves again in 2028, and every four years after, marching toward zero. For Bitcoin to pay for its own security forever, fees eventually have to replace it. The open question is whether they can, and the evidence cuts both ways. On busy days, during token launches and inscription waves, fees have already spiked past 15 percent of revenue, and in 2024 some blocks earned more in fees than the entire subsidy. The capacity is there in bursts. Whether bursts become a baseline is the single most important unanswered question in Bitcoin. The AI exodus did not create that question. It pulled the cover off it years early, and showed how fast capital abandons hashing the moment something pays more. So the honest read is not that AI kills Bitcoin mining. It is stranger than that. AI is the first bidder rich enough to reveal what Bitcoin's security was always quietly worth, and what it will cost to keep once the free coins stop coming. The miners are not abandoning a sinking ship. They are selling the deck to a higher bidder while the same clock everyone forgot about keeps ticking underneath.

Shanaka Anslem Perera ⚡

90,798 просмотров • 2 месяцев назад

Lithium mining activity going on at the Old Oyo National Park, the first frame showed the sorting process of the earthy minerals at the Old Oyo National park while the other two videos shows logistics activities of the bikes. Ranging from there are multiple entries to the site either from Oyo State via Kishi and Igbeti or via Bani a border town along Kwara and Oyo State. Once a bike enters the forest, there are about 7 - 8 checkpoints within the forest which is controlled by locals providing security for miners in the forest. Each of this checkpoint charges each bike per trip ranging from 100naira, 200,300 and 500naira while the last checkpoint which will lead you to Daba (illegal mining) charges 2,700naira per trip. And the estimated population of the bikes plying through the area is around 3000 to 5000 bikes. Which is significantly increasing, the mining which has started about 8yrs ago has been accepted by all parties both locals and foreigners including the Chinese who are actively participating in buying the minerals there. It is an organized crime and has many wings because those who do not mine but just look for logistics companies to pick up the items earn about 500,000 naira on each truck they bring forward. The local security earn more than 300,000 naira daily for those recieving 100naira as gate fee. The Federal Govt and State Govt needs to pay a huge and urgent attention to this mining activity, it is a billion dollar economy which is been illegally mined.

Mobilisingnigerians™

207,534 просмотров • 2 месяцев назад

Illegal Lithium Mining Boom at Old Oyo National Park: 3,000–5,000 Bikes Daily, N2,700 Per Trip, Chinese Buyers, Local Security Earn N300,000 Daily A booming illegal lithium mining operation has taken over large swaths of the Old Oyo National Park, with an estimated 3,000 to 5,000 motorcycles plying the forest daily to transport minerals out of the protected area, investigations have revealed. The operation, which has been ongoing for about eight years, has evolved into a highly organised criminal enterprise with multiple entry points and checkpoints. Access to the mining site is available either from Oyo State via Kishi and Igbeti or from Bani, a border town along the Kwara and Oyo State axis. Once a bike enters the forest, it must pass through seven to eight checkpoints controlled by locals who provide security for the miners. Each checkpoint charges a fee per trip, ranging from N100 to N500, while the final checkpoint leading to Daba, the hub of illegal mining, charges N2,700 per trip. With thousands of bikes operating daily, the revenue generated is staggering. Local security personnel at the N100 checkpoint alone earn over N300,000 daily. Logistics operators who do not mine but transport the minerals earn about N500,000 per truck they move out of the forest. The mining activity has been accepted by all parties involved, including locals and foreigners. The Chinese are actively participating in buying the minerals, making this a billion-dollar economy that is being illegally exploited. The Federal Government and Oyo State Government must pay urgent attention to this illegal mining operation. The scale of the activity suggests a well-funded and well-protected criminal network that is siphoning billions of naira from the nation's resources while destroying a protected national park.

The Yoruba Times

10,278 просмотров • 2 месяцев назад

NORWAY IS GOING TO BAN BITCOIN MINING WITHOUT PUBLIC CONSULTATIONS - WE NEED TO ACT NOW Norway's Ministry of Digitalisation and Public Administration responded to Open Dialogue Foundation / Fundacja Otwarty Dialog that it "has no plans to conduct a public consultation" on a ban on cryptocurrency mining. There is no doubt that the ban designed to target #Bitcoin mining. Unfortunately, that's a stance of the Stortinget and the Norwegian government. 🔴 Why we should protect our #freedomtech Bitcoin in #Norway NOW: (1) Norway is fully integrated in the European Single Market throught the European Economic Area (EEA) and Schengen Agreement. It means Norway can provide its legilsative approach as an input for new legislation for the EU/EEA both: - during the preparatory phase, when the European Commission is developing proposals; - during work of expert groups and committees of the European Commission; - submitting proposals and comments to European Free Trade Association on upcoming legislation. (2) As a co-founder of the OECD ➡️ Better Policies for Better Lives , Norway sets an example of regulation worldwide and provides its legislative recommedations for global standards. (3) Norway has historically been a place to meet, share experiences and educate human rights defenders and bitcoiners from around the world. Norwegian goverment will present its investigation a ban on cryptocurrency mining by the end od 2024. 🔴 What we should do together to prevent Bitcoin mining ban: (1) Repost this post and join our #BTC Coalition to educate local communities and media about social benefits of Bitcoin mining in Norway and worldwide; (2) Help us pool resources and best practices to convince Norwegian politicians and media to explore the social benefits of Bitcoin to prevent this repressive regulation; (3) If you are a Norwegian citizen: write a letter to your legislator and government asking for public consultation and providing arguments about the social benefits of Bitcoin mining for Norway. 🧡

Lyudmyla Kozlovska 🇪🇺🇺🇦

53,090 просмотров • 2 лет назад

Hi everyone, this week I finally received the new ANyONe Relay! ANyONe Protocol is an interesting DePIN focused on building a more decentralized internet and making our privacy more secure 💯 I'm still waiting to release a video because the new Dashboard isn't active yet but for those interested the most important points that I want to highlight are these: 1) The #Miner is Plug&Play so easy to install, just follow the initial steps and you're fine, once installed you don't have to do anything else. 2) There is no limit for IP but if for example you put 2 Relays in the same #IP it isn't certain that you will have double rewards, because they basically do the same job, to get more rewards it's better to use different IPs. 3) To make the Relay operational it's necessary to open port 9001 in your Modem. Without this operation the #mining will basically not start, so make sure you have a modem or connection that can open the ports. If you have the classic public IP you should definitely be able to do it 4) Currently the rewards arrive automatically every week, usually Friday, and I received 8 $ANYONE as first earnings 👍 Since the new #Dashboard isn't yet operational the #rewards aren't yet clear (which is why I am still waiting to release the video) and personally I expect there will be more 🔥 The only negative note that I have found so far in the project is that: ANYONE #token is only on Ethereum So unfortunately the fees for the swap or even future claims and sendings will not be low, I hope that the team in the future will also consider Arbitrum or Base for the rewards to Nodes 🙏 $ANYONE: Docs to learn more: If you are interested in the project you can order the Anyone on @ampchampment and you can receive it in a few weeks 🚀 They ship Worldwide, Paypal and Crypto are available, and you can use the coupon ILCAPOFOX for a 5% discount! Shop: For Europe I also recommend FreshMiners, they also ship quickly and you can use the coupon ILCAPOFOX3 for a 10€ discount! Shop: #DePIN #Anyone #Relay #Node #Privacy #Internet

Osvaldo

28,170 просмотров • 1 год назад

OptimAI Lite Node v1.1: Built for Scale, Designed for You! 💕 In just 2 weeks since the launch, the OptimAI Network has seen explosive growth—130,000+ active node participants powering the future of decentralized AI. With this incredible momentum came a new challenge: ensuring our network could scale seamlessly to support massive concurrent connections and real-time participation. That’s why we’ve rolled out OptimAI Lite Node v1.1—a major upgrade focused on: + Stabilizing infrastructure to handle high traffic from a global community. + Enhancing performance for smoother data mining, validation, and edge compute participation. + Refining user experience with UI updates that make contributing effortless. Every line of code and infrastructure upgrade was made with one goal in mind: to support YOU—the builders, validators, and visionaries of the OptimAI ecosystem. Now’s the time to bring more friends into the journey. 🔥 The more we grow, the smarter and stronger the network becomes—and the greater the rewards. Let’s keep building, validating, scaling. Together we’re not just powering AI—we’re reshaping how it’s built. Join or revisit the node here: 🌐 Chrome Extension: 📱Telegram Mini-App: What’s Coming Next: OptimAI Edge Node & the Rise of Agentic AI 🔸OptimAI Edge Node (Mobile) We’re working hard on the next major release: the Edge Node for mobile, which will allow mining and AI tasks to run in the background—unlocking more earning opportunities and decentralized compute power from your smartphones. 🔸More Task Types & Missions Expect new types of contributions, from AI-enhanced data validation to edge inference and scraping automation—powered by autonomous mining agents. 🔸Expanded Rewards Program As we grow, more reward tiers, bonuses, and campaigns will be introduced. Your participation now paves the way for long-term benefits. Also, do not forget to checkout our article below and learn more about our latest Community Tips & Best Practices!👇 __________________ OptimAI Network #L2 #DePIN Reinforcement Data Network for #Agentic #AI Mine Data. Fuel AI. Earn Rewards. Turn Your Data into Tomorrow’s AI #Agent. Visit our website at:

OptimAI Network

76,489 просмотров • 1 год назад

GM Lot of speculation from the community on the photo I posted showing a container with the "Tether Energy" logo. "Is the site real?", questioned some tabloid. Did Paolo really photoshopped the logo on a container? Did Paolo really start to eat cabbages and vegetables? Well, let's start from the beginning. Tether, as announced since few months, has started Tether Energy ⚡️. TE is growing partnerships around the world with local companies, providing capital, infrastructure support, development and general expertise to build renewable energy production and #bitcoin mining sites. TE is choosing partners that have solid local connections, outstanding and passionate personnel and that demonstrate deep respect for the environment. At Tether we believe that #bitcoin mining has to be as geographically decentralized as possible, with the goal of reducing the current heavy concentration in specific countries. Is the photo real? Yes. That photo shows one of the control rooms in one of the sites that is currently being finalized and will start soon operations. Where? In LATAM. We tend to not share exact locations to avoid personnel harassment, a valid concern given the amount of detractors obsessed with Tether. You can almost hear some of them screaming: "NOOOOOOOO if you don't tell us the address, zip code, surname of the cow that is eating the grass nearby, then it's not real!!!!!" Then why the logo was overimpressed? We thought that the photo would have been shared on newspapers so the team wanted to brand it. And in fact this is exactly what happened. Moreover, putting gigantic Tether logos would not be great from physical privacy of the site point of view. It has been quite entertaining to follow the "GOTCHA!!" moment of some paid groups, desperately hoping to have found the holy grail of their anti-Tether theories, as if companies would not usually put their logos on things they build. "NOOOOOOOO!!! If it's not real paint then the entire thing does not exist!!!" So does it make it less real? No. It's really happening. The site is progressing well, everyone in the team is super excited and working around the clock to start operations in the next few weeks. Can you show something more? Sure, here is the 3D design of how the mining site will look like in a few months

Paolo Ardoino 🤖

357,459 просмотров • 3 лет назад