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๐„๐”๐‘๐Ž ๐†๐Ž๐‹๐ƒ ๐‹๐€๐”๐๐‚๐‡๐„๐’ ๐’๐Œ๐€๐‹๐‹-๐’๐‚๐€๐‹๐„ ๐†๐Ž๐‹๐ƒ ๐Œ๐ˆ๐๐ˆ๐๐† ๐๐‘๐Ž๐‰๐„๐‚๐“ ๐ˆ๐ ๐˜๐”๐Œ๐๐„ Yumbe District has taken a major step in Ugandaโ€™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 Ugandaโ€™s mineral resources. State Minister...

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UPDATE FROM THE SAPS: AN ADDITIONAL 340 ILLEGAL MINERS RESURFACE IN ORKNEY The VALA UMGODI task teams led by the SAPS and SANDF in North West are intensifying their operations and ensuring that illegal mining activities and operations are dealt a blow. From last night, an additional 340 illegal miners have resurfaced have been placed under arrest. As of 12:00 (midday) on Sunday, 03 November 2024, at least 565 illegal miners workers have resurfaced. The Acting National Commissioner of the SAPS, Lieutenant General Shadrack Sibiya has commended the teams on the ground and encouraged them not to back down and ensure that the rule of law is restored. Earlierโ€ฆ 225 ILLEGAL MINERS RESURFACE AS A RESULT OF PRESSURE EXERTED BY VALA UMGODI TEAMS IN NORTH WEST โ€” ALL 225 ARRESTED North West, 02 November 2024; The Acting National Commissioner of the South African Police Service, Lieutenant General Shadrack Sibiya has commended the Vala Umgodi task teams in the North West province for stamping the authority of the state. This is as 225 illegal miners resurfaced from underground in Orkney as a result of starvation and dehydration. These 225 illegal miners are part of others believed to be hundreds if not a thousand illegal miners who are stuck underground with no food, water and necessities because the Vala Umgodi teams led by the SAPS and SANDF are blocking routes used to deliver food and necessities to these illegal miners. Just earlier this week, SAPS and members of the SANDF blocked communities in and around these abandoned mining shifts in Orkney from delivering food parcels, water and necessities to these illegal miners. This act of stamping the authority of the state eventually forced these illegal miners to resurface. This operation is ongoing and the SAPS and the SANDF are still monitoring these old abandoned mine shafts as more and more illegal miners resurface. Lieutenant General Shadrack Sibiya says Operation Vala Umgodi is yielding positive results across the country. โ€œWe are closely monitoring the situation that is unfolding in the North West province, we are not backing down until all those illegal miners resurface and are arrested . Since its inception in December 2023 to date, more than 13 691 suspects have been arrested in the seven provinces that are hotspots for illegal mining. We have seized R5million in cash and uncut diamonds worth R32 million through Operation Vala Umgodiโ€, said Lt Gen Sibiya. The majority of those that have been arrested are inclusive of South Africans, Mozambicans, and Basotho nationals. The SAPS will update on other nationalities as and when more illegal miners resurface.

Yusuf Abramjee

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๐Ÿ‡ฆ๐Ÿ‡ท Milei Opens Argentinaโ€™s Glaciers to Mining in Win for BHP, Glencore and Lundin Argentinaโ€™s Congress voted 137-111 Thursday to gut the countryโ€™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. ๐Ÿ”นThe projects most immediately unlocked include the Vicuรฑa joint venture between BHP, the worldโ€™s largest miner, and Lundin Mining, the Vancouver-based mining group, along with Glencore, one of the worldโ€™s largest raw materials traders, and its El Pachรณn copper project in Argentinaโ€™s San Juan province near the Chilean border. ๐Ÿ”นEl Pachรณn 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 Argentinaโ€™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. ๐Ÿ”นThe key shift: the reform strips a federal scientific body of its authority to designate protected glaciers, handing that power to provincial governments โ€” most of which are pro-mining. ๏ฟผ Critics say provinces will simply greenlight any glacier that stands in the way of extraction. ๐Ÿ”นIn the northwest, where mining is concentrated, glacial reserves have already shrunk 17% in the last decade. ๏ฟผ Environmental lawyers warned the reform threatens the water supply of 70% of Argentinians. ๐Ÿ”นEnvironmental groups have vowed to challenge the law in court. Milei, who does not believe in man-made climate change, replied: โ€œEnvironmentalists would rather see us starve than have anything touched.โ€

Drop Site

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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. ๐Ÿ”ด 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 โžก๏ธ 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. ๐Ÿ”ด 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. ๐Ÿงก

Lyudmyla Kozlovska ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ฆ

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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.

Mobilisingnigeriansโ„ข

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We have grit and now we officially have GRIID. ๐Ÿค Today $CLSK announced the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)(โ€œGRIIDโ€) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. โ€œIโ€™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,โ€ said CleanSpark CEO Zach Bradford. โ€œMoreover, this adds significant geographic and power supply diversity through expansion in the Tennessee Valley Authority (TVA) service territory, providing us with additional operational flexibility.โ€ โ€œWe look forward to smoothly integrating GRIIDโ€™s team into โ€˜The CleanSpark Way,โ€™ merging their impressive workforce with our own. Weโ€™ve gotten to know GRIIDโ€™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 couldnโ€™t be better, and we are collectively ready to hit the ground running with GRIIDโ€™s existing capacity, new development in TVA, and additional talent supporting our previously acquired sites in the state,โ€ said Bradford. โ€œIโ€™m proud to welcome CleanSpark to Tennessee,โ€ 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 Americaโ€™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.โ€ โ€œThe closing of the merger is a great outcome for GRIIDโ€™s shareholders and employees,โ€ said GRIID's former CEO Trey Kelly. โ€œItโ€™s great to start the next chapter, and merging with CleanSpark is a tribute to the business weโ€™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 GRIIDโ€™s power pipeline, and I see tremendous upside for the combined company in the years to come.โ€ 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.

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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. Panamaโ€™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 Canadaโ€™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

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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 โšก

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