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.
Courtesy: Business Insider
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
Courtesy: Indian Express
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
Courtesy: Economic Times