Mining Archives | Be Korea-savvy
Old Mining City of Taebaek Doubles Down on Urban Regeneration Programs

Old Mining City of Taebaek Doubles Down on Urban Regeneration Programs

TAEBAEK, Mar. 14 (Korea Bizwire) — Jangseong-dong in Taebaek, Gangwon Province, once a bustling mining town now left abandoned, is returning as a testbed for urban regeneration. Various regeneration projects are being prepared at the old town to revive the local economy that once depended on the coal industry. Taebaek city officials flew out of [...]

Expelled Indonesian Undergraduate Busted for Alleged Cryptocurrency Mining

Expelled Indonesian Undergraduate Busted for Alleged Cryptocurrency Mining

ULSAN, Feb. 7 (Korea Bizwire) — A science and technology university has referred an expelled undergraduate from Indonesia to the immigration authorities on suspicion that the student used the university’s computer room to mine digital currencies, school officials said Thursday. The 22-year-old man entered the school in the southeastern city of Ulsan in 2014 and [...]

Osisko Metals Releases Pine Point In-Pit Inferred Resource: 38,400,000 Tonnes Grading 6.58% ZnEq

Osisko Metals Releases Pine Point In-Pit Inferred Resource: 38,400,000 Tonnes Grading 6.58% ZnEq

MONTREAL, Dec. 6 (Korea Bizwire) — Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB51) is pleased to announce an updated Inferred Mineral Resource Estimate (“MRE”) for its 100% owned Pine Point project, located near Hay River, in the Northwest Territories of Canada. The MRE was prepared by BBA Inc. and incorporates [...]

Watts Miners Announces State-of-the-Art Cryptocurrency Mining Technology for BTC, ETH, LTC, DASH and XMR

Watts Miners Announces State-of-the-Art Cryptocurrency Mining Technology for BTC, ETH, LTC, DASH and XMR

NEW YORK, Aug. 17 (Korea Bizwire) – Watts Miners, a company that develops and sells cutting edge cryptocurrency mining rigs equipped with ASIC chip technology, is pleased to announce that it has launched a line of mining rigs for BTC, ETH, LTC, DASH and XMR with unprecedented hash rates as a result of advanced ASIC [...]

Squirrels Research Labs Announces Acorn Cryptocurrency Acceleration Hardware

Squirrels Research Labs Announces Acorn Cryptocurrency Acceleration Hardware

NORTH CANTON, Ohio, Jul. 12 (Korea Bizwire) — Squirrels Research Labs today announced Acorn, a new hardware component that improves efficiency and effectiveness of cryptocurrency mining. “We developed a piece of hardware called Acorn that increases the effectiveness of existing GPU mining operations without adding a significant cost,” Squirrels president David Stanfill said. “This is [...]

GMO Internet Launches Mining Machine GMO Miner B3 with a Maximum Hash Power of 33 TH/s: Customers Can Maximize Hash Power and Power Consumption in Their Environment

GMO Internet Launches Mining Machine GMO Miner B3 with a Maximum Hash Power of 33 TH/s: Customers Can Maximize Hash Power and Power Consumption in Their Environment

TOKYO, Jul. 3 (Korea Bizwire) — GMO Internet Group (https://www.gmo.jp/en/) released the self-developed high-performance cryptocurrency mining computer (mining machine) GMO miner B3 today (Monday, July 2, 2018). The major characteristics of GMO miner B3 are that it has the maximum hash power of 33 TH/s as well as can adjust the hash power optimally up [...]

The First True Mobile-Only Cryptocurrency Mining Solution

The First True Mobile-Only Cryptocurrency Mining Solution

British Virgin Islands, Jun. 29 (Korea Bizwire) — Introducing Phoneum, the world’s first true mobile only mining platform. Phoneum has created a new, accessible mining model that leverages an untapped market, making cryptocurrency available to anyone with a smartphone. At last count, there are over 2.1 billion smart devices, in effect mini-computers, currently in circulation. [...]

GMO Internet Group Offers GMO miner, the World’s First Mining Machine Equipped with Mining Chips Using a Cutting-Edge 7 nm Process Technology: Holding Information Session for Potential Customers on Wednesday, June 6

GMO Internet Group Offers GMO miner, the World’s First Mining Machine Equipped with Mining Chips Using a Cutting-Edge 7 nm Process Technology: Holding Information Session for Potential Customers on Wednesday, June 6

TOKYO, May 23 (Korea Bizwire) — GMO Internet Group (https://www.gmo.jp/en/ ) will launch GMO miner (product name: GMO miner B2), which is our own high-performance computer for mining (mining machine), on Wednesday, June 6, 2018. We will mass-produce the world’s first mining machine equipped with a cutting-edge 7 nm* process based semiconductor chip (7 nm mining [...]