Photo: Bing
Bitcoin Mining 'Emits' More Carbon, Consumes 1752.79 KWh of Electrical Energy
Not only has the value of Bitcoins continued to soar since 2020, but also the energy that is used during "cryptocurrency mining". Recent findings suggest that a single Bitcoin transaction consumes 1752.79 kilowatts hours (KWh) of electrical energy, which is equal to the energy absorbed during 1.2 million VISA transactions. Cryptocurrency mining emits greenhouse gas that is almost equal to spending 138,762 hours on YouTube.
Tags: Bitcoins, Mining sector, CO2 emission, Energy Consumption
Courtesy: Business Insider
Photo : Money control
Employment Opportunities In Karnataka; Govt To Produce State Emblem Gold Coins
Owing to the widespread popularity of Mysore silks and Mysore sandalwood soaps, Karnataka government has decided to boost the brand name by producing gold coins & jewellery. Reportedly, the jewels produced will have “Gandaberunda” embedded on them. The government will launch jewellery retail outlets to sell these gold coins and will also collaborate with private jewellers, said Murugesh R Nirani, the Mines and Geology Minister. It will… read-more
Tags: Karnataka, gold, Gold Jewellery, Mining sector
Courtesy: Indian Express
Photo:Business Today
Australia Pushes For Trade Ties With India Amid Grim Relations With China
Australia is strongly considering India to enter into a trade agreement in sectors like mining and wine sales. With the move, Australia is eyeing to fill the void in the sectors which has emerged following its trade war with China. According to reports, several Indian companies including Coal India Ltd are being cheered to engage with Australian miners. Notably, the trinity of India, Australia and Japan has already launched a supply chain… read-more
Tags: Australia, Foreign trade, Trade war, Mining sector
Courtesy: Economic Times
