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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.show more

Government of Uganda

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18,310 просмотров • 1 месяц назад •via X (Twitter)

Anya Rossi• Live Now

Private livecam show

Комментарии: 4

Фото профиля Corp Image Group

Corp Image Group1 месяц назад

@PNyamutoro @MEMD_Uganda @ubctvuganda @GCICMediaReview @GCICUganda OPEN PARK DAYS YKibenda (Whycliffe Tugume), summerises the beauty of Uganda, only after visiting Murchison falls National Park* OPEN PARK DAYS 25TH TO 27TH SEPT All Uganda, East African Citizens & Foreign residents. Book early

Фото профиля Asibuku Jafari Welborn

Asibuku Jafari Welborn1 месяц назад

@PNyamutoro @MEMD_Uganda @ubctvuganda @GCICMediaReview @GCICUganda Direct to my town council kulikilinga

Фото профиля Counsel Karim

Counsel Karim1 месяц назад

@PNyamutoro @MEMD_Uganda @ubctvuganda @GCICMediaReview @GCICUganda So with that infrastructure is it worthy commissioning, we need to set standards as a country the thing looks like a cow shed.

Фото профиля Ongodia Media

Ongodia Media1 месяц назад

@PNyamutoro @MEMD_Uganda @ubctvuganda @GCICMediaReview @GCICUganda How do locals benefit?

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OSINT UPDATE: Abdul Aminu, the lead coordinator for extensive illegal mining operations in Ilesha, is currently operating with the full cooperation and approval of the local community leadership. Video below shows him and the traditional ruler of the community he's conducting is illegal activities, meaning he's given full approval to keep destroying farmland and water bodies all in the guise of mining, which effectively shields his activities from accountability. If this partnership between illegal miners and local heads is allowed to persist, it will inevitably lead to a total security breach, the Osun state government needs to step in before the situation gets out of hand.

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SANDF troops have arrived in Randfontein on the West Rand and are conducting raids at Bundu Inn, a veld linked to illegal mining. Suspected illegal miners fled as heavily armed soldiers moved in. Police and soldiers are now searching bags of soil left behind for gold. Nearby residents say they are counting on the SANDF to restore safety in the area. #KayaNews MP

SANDF troops have arrived in Randfontein on the West Rand and are conducting raids at Bundu Inn, a veld linked to illegal mining. Suspected illegal miners fled as heavily armed soldiers moved in. Police and soldiers are now searching bags of soil left behind for gold. Nearby residents say they are counting on the SANDF to restore safety in the area. #KayaNews MP

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🚨BREAKING: ROMANIAN MINERS CLASH WITH POLICE IN BUCHAREST – OVER 1,000 JOBS DESTROYED BY EU GREEN RULES 🇷🇴🔥🇪🇺 Hundreds of angry miners took to the streets of Bucharest today. They are protesting the loss of more than 1,000 jobs in the mining sector. EU’s forced phase-out of coal and traditional mining** under the Green Deal. Brussels demands “green transition,” so Romanian mines are being closed or drastically reduced, even though they provide energy and jobs for ordinary people. Critics say: “EU destroys our industry, destroys our jobs, and Romanian politicians just obey like good servants.” Is this the real face of “European integration” – Romanian workers beaten by police while Brussels forces the country to destroy its own energy sector and throw thousands onto the street???

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🇦🇷 Milei Opens Argentina’s Glaciers to Mining in Win for BHP, Glencore and Lundin Argentina’s Congress voted 137-111 Thursday to gut the country’s 2010 Glacier Law, handing a major victory to President Javier Milei and the global mining industry after nearly 12 hours of debate and thousands of protesters outside parliament. 🔹The projects most immediately unlocked include the Vicuña joint venture between BHP, the world’s largest miner, and Lundin Mining, the Vancouver-based mining group, along with Glencore, one of the world’s largest raw materials traders, and its El Pachón copper project in Argentina’s San Juan province near the Chilean border. 🔹El Pachón alone carries a $9.5 billion price tag and had been delayed by glacier protection rules. U.S. mining entrepreneur Rob McEwen copper venture is also expected to benefit through its Los Azules project, one of Argentina’s largest undeveloped copper deposits. Mining sector estimates say the new framework could unlock more than $30 billion in investment over the next decade, with 70% earmarked for copper, gold and silver. 🔹The key shift: the reform strips a federal scientific body of its authority to designate protected glaciers, handing that power to provincial governments — most of which are pro-mining. Critics say provinces will simply greenlight any glacier that stands in the way of extraction. 🔹In the northwest, where mining is concentrated, glacial reserves have already shrunk 17% in the last decade. Environmental lawyers warned the reform threatens the water supply of 70% of Argentinians. 🔹Environmental groups have vowed to challenge the law in court. Milei, who does not believe in man-made climate change, replied: “Environmentalists would rather see us starve than have anything touched.”

🇦🇷 Milei Opens Argentina’s Glaciers to Mining in Win for BHP, Glencore and Lundin Argentina’s Congress voted 137-111 Thursday to gut the country’s 2010 Glacier Law, handing a major victory to President Javier Milei and the global mining industry after nearly 12 hours of debate and thousands of protesters outside parliament. 🔹The projects most immediately unlocked include the Vicuña joint venture between BHP, the world’s largest miner, and Lundin Mining, the Vancouver-based mining group, along with Glencore, one of the world’s largest raw materials traders, and its El Pachón copper project in Argentina’s San Juan province near the Chilean border. 🔹El Pachón alone carries a $9.5 billion price tag and had been delayed by glacier protection rules. U.S. mining entrepreneur Rob McEwen copper venture is also expected to benefit through its Los Azules project, one of Argentina’s largest undeveloped copper deposits. Mining sector estimates say the new framework could unlock more than $30 billion in investment over the next decade, with 70% earmarked for copper, gold and silver. 🔹The key shift: the reform strips a federal scientific body of its authority to designate protected glaciers, handing that power to provincial governments — most of which are pro-mining. Critics say provinces will simply greenlight any glacier that stands in the way of extraction. 🔹In the northwest, where mining is concentrated, glacial reserves have already shrunk 17% in the last decade. Environmental lawyers warned the reform threatens the water supply of 70% of Argentinians. 🔹Environmental groups have vowed to challenge the law in court. Milei, who does not believe in man-made climate change, replied: “Environmentalists would rather see us starve than have anything touched.”

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Here is the tiktoker Abdul Aminu Gwaska, a native of Zamfara State, who acts as the head of a dangerous mining syndicate currently expanding its footprint across Ilesha. The documented evidence reveals that he coordinates multiple high intensity illegal mining sites by actively recruiting a massive influx of external laborers to carry out the physical excavation and processing of gold. To fuel this operation, his syndicate even utilizes a digital recruitment and sales infrastructure, providing a direct link for individuals to submit their personal information to join the illicit trade or purchase their illegal products. Furthermore, intelligence shows that Aminu is actively collaborating with local village heads and traditional chiefs, who welcome and house these illegal miners within the community. This high level collusion grants his syndicate a social shield, effectively protecting their activities from accountability while they systematically destroy farmlands and pollute vital water bodies. If this dangerous partnership between illegal miners and local leadership is allowed to persist, it will inevitably lead to a total security breach. The Osun State government must take immediate and decisive action to dismantle this network before this deep-seated collaboration spirals into an uncontrollable regional crisis

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80,539 просмотров • 8 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.

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.

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A New Year, A New Beginning We are thrilled to announce that House Of Titans has undergone a complete rebranding. As of today, we are officially known as Titans. 1⃣Our Mission Our missions is to offer effortless access to passive revenue rewards through DePIN, BTC mining, and various investment opportunities. By breaking down high barriers to entry, we make it possible to earn rewards conveniently or your home or mobile device. 2⃣Our Vision Our goal is to become the leading index token for Web3 tokens and utility NFTs. As the go-to starter token for newcomers in the Web3 space, we aim to be a trusted, stable source of passive rewards for our holders. 3⃣Strategy Our investment strategy focuses on maximizing returns by combining high-potential investments in DeFi/DePIN projects with the stability of BTC mining operations. This balanced approach is designed to capture explosive growth opportunities while maintaining steady, reliable rewards, and effectively managing risk. Titans is your gateway to passive revenue in Web3, combining innovative utility NFTs, DePIN aggregation, and BTC mining into a seamless and accessible experience, designed for both experienced users and newcomers. We are shaping the future of effortless earning...

A New Year, A New Beginning We are thrilled to announce that House Of Titans has undergone a complete rebranding. As of today, we are officially known as Titans. 1⃣Our Mission Our missions is to offer effortless access to passive revenue rewards through DePIN, BTC mining, and various investment opportunities. By breaking down high barriers to entry, we make it possible to earn rewards conveniently or your home or mobile device. 2⃣Our Vision Our goal is to become the leading index token for Web3 tokens and utility NFTs. As the go-to starter token for newcomers in the Web3 space, we aim to be a trusted, stable source of passive rewards for our holders. 3⃣Strategy Our investment strategy focuses on maximizing returns by combining high-potential investments in DeFi/DePIN projects with the stability of BTC mining operations. This balanced approach is designed to capture explosive growth opportunities while maintaining steady, reliable rewards, and effectively managing risk. Titans is your gateway to passive revenue in Web3, combining innovative utility NFTs, DePIN aggregation, and BTC mining into a seamless and accessible experience, designed for both experienced users and newcomers. We are shaping the future of effortless earning...

House Of Titans

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🇻🇪 Yesterday Venezuela unanimously opened $500 billion of Orinoco gold to American companies. 131 articles. Zero opposition. The 1999 Chavez mining law - repealed. The 2015 gold reserve decree - repealed. Gold. Coltan. Bauxite. Diamonds. Rare earths. Open. 🇺🇸US Interior Secretary flew to Caracas with 25 mining executives in late March. 👉 OFAC cleared the Venezuelan gold trade March 6. 👉 OFAC expanded the license to all minerals March 27. 👉 Delcy Rodriguez off the SDN list April 1. 👉 Mining law passed April 9. 👉 American Airlines returns to Caracas April 30. That my friends is a coordinated schedule. And while every news desk focused the strait: 🇮🇶 Iraq votes for a president in 24 hours. That vote starts the constitutional clock on the budget, the HCL, and the rate. 🇻🇳 Vietnam was written into FTSE Russell on Tuesday. Effective September 21. First frontier currency of this cycle into the global index rails. Three countries. Three resource frameworks. Same two-week window. All reported in isolation. Connected and delivered right here 🎯

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Reset Intelligence

24,675 просмотров • 6 месяцев назад

We have grit and now we officially have GRIID. 🤝 Today $CLSK announced the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)(“GRIID”) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. “I’m pleased to announce the completion of our acquisition of GRIID Infrastructure Inc., a strategic move that allows us to grow our Bitcoin mining capacity in the state of Tennessee, which we intend to build to over 400 MW in the coming years,” said CleanSpark CEO Zach Bradford. “Moreover, this adds significant geographic and power supply diversity through expansion in the Tennessee Valley Authority (TVA) service territory, providing us with additional operational flexibility.” “We look forward to smoothly integrating GRIID’s team into ‘The CleanSpark Way,’ merging their impressive workforce with our own. We’ve gotten to know GRIID’s employees well in the past three months as we have prepared for the merge and they have hosted 50 MW of mining capacity for us. The fit couldn’t be better, and we are collectively ready to hit the ground running with GRIID’s existing capacity, new development in TVA, and additional talent supporting our previously acquired sites in the state,” said Bradford. “I’m proud to welcome CleanSpark to Tennessee,” said U.S. Senator Bill Hagerty. The Volunteer State is a great place to grow a business and has rapidly developed into one of the centers of America’s Bitcoin industry. We boast a globally competitive workforce, a superior quality of life, and thanks to TVA, reliable and affordable power. We are excited to see CleanSpark grow and invest in Tennessee.” “The closing of the merger is a great outcome for GRIID’s shareholders and employees,” said GRIID's former CEO Trey Kelly. “It’s great to start the next chapter, and merging with CleanSpark is a tribute to the business we’ve built with some of the best Bitcoin mining professionals in the world. CleanSpark has already begun demonstrating their ability to accelerate and maximize the value of GRIID’s power pipeline, and I see tremendous upside for the combined company in the years to come.” Under the terms of the merger agreement originally announced on June 27, 2024, each share of GRIID common stock was converted into approximately 0.06959 of a share of CleanSpark common stock at the effective time of the merger. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024. Full press release here:

We have grit and now we officially have GRIID. 🤝 Today $CLSK announced the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)(“GRIID”) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. “I’m pleased to announce the completion of our acquisition of GRIID Infrastructure Inc., a strategic move that allows us to grow our Bitcoin mining capacity in the state of Tennessee, which we intend to build to over 400 MW in the coming years,” said CleanSpark CEO Zach Bradford. “Moreover, this adds significant geographic and power supply diversity through expansion in the Tennessee Valley Authority (TVA) service territory, providing us with additional operational flexibility.” “We look forward to smoothly integrating GRIID’s team into ‘The CleanSpark Way,’ merging their impressive workforce with our own. We’ve gotten to know GRIID’s employees well in the past three months as we have prepared for the merge and they have hosted 50 MW of mining capacity for us. The fit couldn’t be better, and we are collectively ready to hit the ground running with GRIID’s existing capacity, new development in TVA, and additional talent supporting our previously acquired sites in the state,” said Bradford. “I’m proud to welcome CleanSpark to Tennessee,” said U.S. Senator Bill Hagerty. The Volunteer State is a great place to grow a business and has rapidly developed into one of the centers of America’s Bitcoin industry. We boast a globally competitive workforce, a superior quality of life, and thanks to TVA, reliable and affordable power. We are excited to see CleanSpark grow and invest in Tennessee.” “The closing of the merger is a great outcome for GRIID’s shareholders and employees,” said GRIID's former CEO Trey Kelly. “It’s great to start the next chapter, and merging with CleanSpark is a tribute to the business we’ve built with some of the best Bitcoin mining professionals in the world. CleanSpark has already begun demonstrating their ability to accelerate and maximize the value of GRIID’s power pipeline, and I see tremendous upside for the combined company in the years to come.” Under the terms of the merger agreement originally announced on June 27, 2024, each share of GRIID common stock was converted into approximately 0.06959 of a share of CleanSpark common stock at the effective time of the merger. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024. Full press release here:

CleanSpark Inc.

102,974 просмотров • 1 год назад

Anti-mining protests that have roiled Panama for the last two weeks turned deadly on Tuesday when a man allegedly shot and killed two demonstrators, according to police. A chilling video posted by bystanders on X, formerly known as Twitter, showed a disheveled elderly man apparently frustrated with the logjam trying to force the protestors to remove a barrier blocking the Pan American highway about 50 miles south of the capital, before pulling out a pistol and opening fire. Panama’s National Police later said they arrested the suspected gunman at the scene of the shooting. Other footage showed people standing around bodies in the road in the Chame sector west of Panama City as well as the gunman being cuffed and led to a squad car. Police later shared a photo of the suspect handcuffed to a pipe as he was identified as Kenneth Darlington, 77, a lawyer and professor who holds dual citizenship in the US and Panama, according to Newsroom Panama and Agence France-Presse. One of the shot protesters died at the scene while the second was pronounced dead at a local hospital, AFP said. The unusual scene of violence is the latest flashpoint in some of the largest protests to hit the Central American nation since Panamanians flooded the streets en masse to demonstrate against the dictatorship of Manuel Noriega in the 1980s. For weeks, tens of thousands of protestors have vented their fury at a controversial mining contract given to Minera Panama, the local subsidiary of a Canadian mining company, to extract copper, a key component in electric car batteries. The contract allows Canada’s First Quantum Minerals to restart an open-pit copper mine surrounded by rain forest for the next 20 years, with the possibility of extending for another 20 years. Environmentalists say the mine could contaminate drinking water and devastate tracts of the 32,000 acres the company negotiated use of, in exchange for yearly payments of $375 million. . . . #TheTatva #TatvaNews #US #Panama #Shooting #Protest #Shoot #Fire #People #Mine #Mining #Deadly #ENvironment #Traffic #Grandpa #Old #Lawyer #Police #Arrest

Anti-mining protests that have roiled Panama for the last two weeks turned deadly on Tuesday when a man allegedly shot and killed two demonstrators, according to police. A chilling video posted by bystanders on X, formerly known as Twitter, showed a disheveled elderly man apparently frustrated with the logjam trying to force the protestors to remove a barrier blocking the Pan American highway about 50 miles south of the capital, before pulling out a pistol and opening fire. Panama’s National Police later said they arrested the suspected gunman at the scene of the shooting. Other footage showed people standing around bodies in the road in the Chame sector west of Panama City as well as the gunman being cuffed and led to a squad car. Police later shared a photo of the suspect handcuffed to a pipe as he was identified as Kenneth Darlington, 77, a lawyer and professor who holds dual citizenship in the US and Panama, according to Newsroom Panama and Agence France-Presse. One of the shot protesters died at the scene while the second was pronounced dead at a local hospital, AFP said. The unusual scene of violence is the latest flashpoint in some of the largest protests to hit the Central American nation since Panamanians flooded the streets en masse to demonstrate against the dictatorship of Manuel Noriega in the 1980s. For weeks, tens of thousands of protestors have vented their fury at a controversial mining contract given to Minera Panama, the local subsidiary of a Canadian mining company, to extract copper, a key component in electric car batteries. The contract allows Canada’s First Quantum Minerals to restart an open-pit copper mine surrounded by rain forest for the next 20 years, with the possibility of extending for another 20 years. Environmentalists say the mine could contaminate drinking water and devastate tracts of the 32,000 acres the company negotiated use of, in exchange for yearly payments of $375 million. . . . #TheTatva #TatvaNews #US #Panama #Shooting #Protest #Shoot #Fire #People #Mine #Mining #Deadly #ENvironment #Traffic #Grandpa #Old #Lawyer #Police #Arrest

The Tatva

31,618 просмотров • 2 лет назад

$Product Launch: PinLink USDC Shop NOW LIVE! We're delighted to announce that the PinLink USDC shop is now live! You can start buying fractional shares of the revenue outputs from enterprise grade mining operations now, paying in USDC and earning WBTC at: The PinLink USDC Shop is the global storefront for the world's largest crypto mining businesses, providing retail users with access to the kind of enterprise grade mining operators previously only available to institutional investors. We'll be gradually onboarding more stock from new parters as we go, with some exciting operations lined up. Meanwhile, whilst the initial launch product pays out in WBTC, we'll also be plugging our unique native BTC processing architecture shortly so you can earn native BTC from USDC deposits. The PinLink USDC shop is the easiest place to convert USDC into enterprise-grade BTC yields and a major breakthrough in on-chain finance.$

Product Launch: PinLink USDC Shop NOW LIVE! We're delighted to announce that the PinLink USDC shop is now live! You can start buying fractional shares of the revenue outputs from enterprise grade mining operations now, paying in USDC and earning WBTC at: The PinLink USDC Shop is the global storefront for the world's largest crypto mining businesses, providing retail users with access to the kind of enterprise grade mining operators previously only available to institutional investors. We'll be gradually onboarding more stock from new parters as we go, with some exciting operations lined up. Meanwhile, whilst the initial launch product pays out in WBTC, we'll also be plugging our unique native BTC processing architecture shortly so you can earn native BTC from USDC deposits. The PinLink USDC shop is the easiest place to convert USDC into enterprise-grade BTC yields and a major breakthrough in on-chain finance.

PinLink

66,280 просмотров • 1 год 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.

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 ⚡

90,812 просмотров • 3 месяцев назад

New Footbridge in Mutasa Ends Years of Hardship for Premier Community While conversations around cost are valid and should surely be a subject to the ensuing debate, there is no question that the newly constructed Premier South footbridge in Mutasa is a critical necessity. For years, the community endured dangerous crossings through the Mutare River, with significant consequences: · Children often arrived at school with wet clothes and missed classes entirely during floods. · Farmers, traders, and the elderly lost income and missed appointments. · Pregnant women and the sick struggled to access healthcare. · The crossing was further jeopardized by illegal mining activities, which polluted the river and increased physical risk. The bridge has now brought essential relief, safely connecting residents to education, healthcare, and livelihoods—proving its fundamental role in the community's well-being and safety.

New Footbridge in Mutasa Ends Years of Hardship for Premier Community While conversations around cost are valid and should surely be a subject to the ensuing debate, there is no question that the newly constructed Premier South footbridge in Mutasa is a critical necessity. For years, the community endured dangerous crossings through the Mutare River, with significant consequences: · Children often arrived at school with wet clothes and missed classes entirely during floods. · Farmers, traders, and the elderly lost income and missed appointments. · Pregnant women and the sick struggled to access healthcare. · The crossing was further jeopardized by illegal mining activities, which polluted the river and increased physical risk. The bridge has now brought essential relief, safely connecting residents to education, healthcare, and livelihoods—proving its fundamental role in the community's well-being and safety.

Nick Mangwana

10,805 просмотров • 9 месяцев назад