The three largest U.S. bitcoin mining companies posted losses totaling more than $1 billion in the second quarter after facing impairments caused by the slump in cryptocurrency prices. Core Scientific posted a net loss of $862 million, Marathon Digital Holdings posted a net loss of $192 million, and Riot Blockchain posted a net loss of […]
The top three bitcoin miners in the U.S. lose more than $1 billion in Q2 Read More »
Rising inflation in most of the world’s economies and the Russian sanctions are driving up energy and commodity prices. Experts believe this will have a significant impact on the global economy. Even the IMF has now issued a warning and downgraded the growth outlook for most economies. Investors need to think carefully about their investments
Big Japanese Energy Companies as Inflation Hedge Read More »
Rising inflationary pressures have now reached Asia, which is also making itself felt in Southeast Asia. Rising commodity and energy prices are currently putting pressure on the general economic mood in the regions of Southeast Asia. In such times, investors are looking for protection against rising inflationary pressures. Commodities have always been considered a good
Coal mining and the generation of energy from coal are being pushed back further and further in the Western world, especially in the United States and the EU. This is mainly due to the high CO2 emissions caused by energy generation from coal. In Asia, the issue of CO2 emissions is also being addressed, but
Asia’s Largest Open-Pit Mines Outside China Are Mainly Coal Mines Read More »
Copper prices have climbed to a new all-time high, currently at $10,466.00 per ton. Since the global economy came to a halt in April 2020, copper prices have nearly doubled. This year alone, prices have risen another 8%, which shows, for one thing, that demand for copper remains strong. Copper is also known as doctor
Copper Prices Reach New All-Time High After Chile Reports Lowest Output in Over a Decade Read More »
The U.S. Treasury Department has indicated that it plans to spare crypto miners and stakers from rules that would require digital asset brokers to share information about their clients’ transactions with the IRS. The decision is a major victory for the cryptocurrency sector after U.S. President Joe Biden signed more than $1 trillion in infrastructure
U.S. Crypto Miners Could Be Freed from IRS Claws Read More »
Coal remains a hot commodity in 2022 even after a very good year in 2021. The coal price has already risen over 32% YTD and is currently trading at $183.00 per ton. The benchmark Newcastle Coal is also continuing to advance. Prices have already risen by over 44%. At the beginning of the year, one
U.S. and EU Coal-Fired Power Generation Increased by Nearly 20% in 2021 Read More »
Thailand is one of the countries that has benefited from China’s crypto crackdown, as small investors have increasingly been mining Bitcoin since September. A crypto investor said on Wednesday, “When China banned crypto, we were very delighted,” as Bitcoin enthusiasts will get cheaper mining machines in Thailand. Meanwhile, an anonymous crypto miner claims to have
Bitcoin Mining in Thailand Becomes More and More Popular Read More »
Iran Orders Crypto Miners to Stop Operations to Prevent Winter Power Outages Nationwide energy demand is forecast to increase in the coming months due to low temperatures. The Iranian government is taking steps to limit electricity consumption and avoid a power deficit. This measure will have an impact on the country’s growing crypto-mining industry. Iran’s
Iranian Crypto Mines to be Shut Down in Winter Read More »
“…enough of burning and drilling and mining our way deeper. We are digging our own graves.” With these words, the non-elected UN Secretary-General Guterres opened the Clime Conference in Glasgow. Well, we at Naturaldeposit believe that we should emit fewer emissions. Yes, we also share the opinion that we should not pollute nature and share
The World Has Now Finally Reached Clown Status Read More »