Tag

Miners

All articles tagged with #miners

world1 month ago•2 min saved

Five rescued, two missing as Laos cave rescue fights through dangerous passages

Five miners have been rescued from a flooded Laos cave after 10 days inside, with two still missing as international divers push through narrow, water-filled tunnels. Rescuers drained floodwater and navigated unstable clay and mud walls to reach a rocky ledge where four men were found; the rescued were brought out on stretchers, wrapped in foil blankets and given oxygen. Thai and other international teams are continuing to search deeper, including a 25‑metre‑long narrow tunnel, where the missing two are believed to be, after the men entered the cave to look for minerals such as gold ore before flash floods blocked the exit.

via The Guardian|

#cave-rescue #divers #flooding

world1 month ago•2 min saved

Four More Gold Miners Freed From Flooded Laos Cave After 10 Days

Five of seven gold miners trapped for 10 days in a flooded cave in Laos have been rescued as water levels receded, with two miners still missing; divers navigated the submerged passages in risky operations to bring the men to the surface, where they wore oxygen masks and foil blankets.

via CBS News|

#cave-rescue #divers #flooding

world1 month ago•1 min saved

Laos cave rescue: four men freed after 10-day flood ordeal

Four of seven men who entered a flooded cave in Laos to search for gold were freed after about 10 days, a day after another man was rescued; two others remain missing as rescuers describe the cave as extremely narrow and dangerous, with cheers captured as the men emerged.

via BBC|

#cave #flood #laos

world1 month ago•3 min saved

Thai cave rescuer brings hope to Laos miners rescue

In Laos, seven artisanal miners trapped for a week are being rescued by divers led by Mikko Paasi—the diver who helped save Thailand’s 2018 soccer-team cave rescue—with the operation moving slowly through tight, water-filled passages and high collapse risks; Paasi says there is hope they’re alive, but extracting any survivors could be dangerous if they’re incapacitated.

via CBS News|

#cave-rescue #laos #mikko-paasi

world6 months ago•2 min saved

Bolivian Miners Clash with Police Over Fuel Subsidies

Bolivian miners and protesters clashed with police in La Paz during the second week of demonstrations against President Rodrigo Paz's economic reforms, including the removal of fuel subsidies, which has led to increased fuel prices and economic concerns. The protests involve miners, teachers, and Indigenous groups opposing the reforms, which aim to attract foreign investment and implement economic changes.

via ABC News|

#bolivia #economic-reforms #fuel-subsidies

business8 months ago•2 min saved

Gold Prices Plunge Amid Dollar Surge and Profit-Taking

Gold prices experienced their worst daily decline in 12 years, dropping over 6% after reaching a record high, with related ETFs and miners plunging around 10%, amid a strengthening US dollar and easing US-China trade tensions, despite gold's year-to-date gain of 55%.

via Investor's Business Daily|

#business #etfs #gold-prices

world11 months ago•2 min saved

All five miners confirmed dead after Chile mine collapse

All five miners trapped in the El Teniente copper mine in Chile after a collapse caused by a possible earthquake have been found and identified, ending a three-day rescue effort; authorities are investigating the cause and safety standards.

via NPR|

#chile #investigation #minecollapse

world11 months ago•2 min saved

All five miners confirmed dead after Chile copper mine collapse

All five miners trapped after a collapse at Chile's El Teniente copper mine have been found dead, bringing the total death toll from the incident to six, following a seismic event that caused a significant underground cave-in. The rescue effort involved over 100 people, but unfortunately, the miners could not be saved. The mine, the world's largest underground copper mine, was temporarily shut down after the accident.

via Al Jazeera|

#chile #collapse #copper-mine

cryptocurrency1 year ago•2 min saved

Bitcoin Miner Balances Plummet: Cause for Concern?

Bitcoin miners have sold off 85,503 BTC, leading to the steepest decline in miner balances this year, now at 1.95 million BTC. Despite this, Bitcoin's price remains resilient near $100,000, supported by non-mining investors. The market shows a divergence between miner activity and price trends, with Bitcoin maintaining bullish indicators. However, continued miner sell-offs could introduce volatility, especially if macroeconomic factors come into play. The situation highlights Bitcoin's market maturity and the growing influence of non-mining participants.

via AMBCrypto News|

#bitcoin #cryptocurrency #market-trends

cryptocurrency2 years ago•2 min saved

BlackRock's Bitcoin ETF Surpasses Grayscale Amid $2B Inflows

Interest in Bitcoin ETFs has surged, with significant inflows into newer funds like BlackRock's IBIT and Fidelity's FBTC, while Grayscale's GBTC saw outflows. Whale interest in Bitcoin has increased, potentially driving prices up, but retail investors are taking profits, which could exert downward pressure. Additionally, declining miner revenue may force miners to sell their holdings, further impacting Bitcoin's price.

via AMBCrypto News|

#bitcoin #cryptocurrency #etfs

cryptocurrency2 years ago•3 min saved

"Bitcoin's Fourth Halving: What Investors Should Watch Now"

Bitcoin completed its fourth halving, reducing the block rewards for miners and potentially impacting the cryptocurrency's price and miners' economics. While some expect downside in bitcoin post-halving, others believe the impact may be magnified by the emergence of spot bitcoin ETFs. The reduction in block rewards aims to maintain scarcity and control the cryptocurrency's inflation rate, while the hash rate, which has historically fallen after a halving, is expected to recover in the medium term. The immediate impact will be felt by miners, with those with access to inexpensive, reliable power sources being well positioned to navigate the post-halving market dynamics.

via CNBC|

#bitcoin #blockchain #cryptocurrency

cryptocurrency2 years ago•8 min saved

"Bitcoin's Fourth Halving Triggers Investor Alert as Block Subsidy Drops"

Bitcoin has completed its fourth halving, reducing miners' block subsidy reward from 6.25 BTC to 3.125 BTC. This event marks a new epoch for the network, with hopes of landing on the memeable date of 4/20 failing to materialize for the U.S. market. The reduction in subsidy rewards could see some miners exiting the market, potentially impacting the network's processing abilities. Transaction fees will become increasingly important for miners as the primary revenue stream, and the industry anticipates a shift in mining power and increased innovation and efficiency improvements within the sector.

via The Block|

#bitcoin #cryptocurrency #halving

cryptocurrency2 years ago•2 min saved

"Bitcoin Miners Prepare for Halving: What Traders Need to Know"

According to a report by broker Benchmark, cryptocurrency miners are in a better position for the upcoming bitcoin halving due to the significant gains in bitcoin's price over the last six months. The report suggests that the impact of the halving on miners' economics could be offset by potential increases in network fees and a strong rally in bitcoin's price following the event. Additionally, the recent surge in bitcoin's price may help bail out less-efficient miners in the near-term, and the emergence of spot bitcoin exchange-traded funds (ETFs) in the U.S. could further magnify the halving's effect on the cryptocurrency's price.

via CoinDesk|

#bitcoin #blockchain #cryptocurrency

cryptocurrency-investment2 years ago•1 min saved

"Maximize Your Bitcoin Investments: Insights on the Halving from Industry Experts"

Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving, predicting a bullish trajectory for bitcoin after the event and maintaining a forecast of $150,000 by 2025. The broker believes that the market will reward these companies for their superior execution and leadership in self-mining hashrate, despite concerns over profitability following the halving. Bernstein expects bitcoin's bullish trajectory to resume once mining hashrates adjust to lower rewards and ETF inflows pick up, with the rollout of spot bitcoin ETFs by wirehouses and registered investment advisors continuing to provide structural demand for bitcoin.

via CoinDesk|

#bitcoin #cleanspark #cryptocurrency-investment

cryptocurrency2 years ago•1 min saved

"Bitcoin Miners Prepare for Halving Amid AI Boom and Price Retreat"

Bitcoin miners are facing increased competition from AI data centers in places like Texas, as both industries require significant energy and land for their operations. The upcoming halving event, which will cut miners' rewards in half, has prompted them to work more efficiently to stay competitive. Despite Bitcoin's price dip, mining companies claim to be in a relatively comfortable financial position with low debt and no equipment financing pledging mining rigs.

via Decrypt|

#ai #bitcoin #cryptocurrency