Tag - Mining

Kuwait Restricts Crypto Mining to Curb Power Demand

Credit: PixabayKuwait is taking nationwide action against cryptocurrency miners, according to Reuters, citing the activity as a cause of blackouts and strain on the power grid. Authorities launched the crackdown ahead of summer, anticipating temperatures will soar to 125°F.Kuwait’s Ministry of Interior announced it is carrying out a "wide-ranging" security operation targeting residences suspected...

4 Key Factors to Consider Before Mining the Moon

Artist's concept of a mining base on the Moon. (gremlin/Getty Images)By the end of this decade, nations and private companies could begin mining the Moon surface. As space becomes increasingly accessible, it’s essential to pause and consider what commercial activities should be allowed, especially on the Moon.This is the moment to establish clear rules and...

Two Teams are Assessing Asteroid Mining’s Economic Viability

Credit: PixaobayTwo groups of economists have conducted economic evaluations of asteroid mining. One of these groups comprises individuals from the University of Tor Rome Vergata, the University of Maryland, and Middlebury College. They have considered asteroid mining as a natural progression in the financialization of space exploration.The second team, consisting of three members from...