Tag: mining rig

Trump blasts China mining rig owners as ‘scum’

The Trump administration has accused China’s mining companies of using false mining claims to boost their profits.In a letter to Chinese companies, President Donald Trump slammed Chinese mining companies that have been accused of cheating on environmental standards in an effort to gain a competitive advantage in the global market.The letter, sent to the heads…



Deep sea mining rig in operation for the first time

By Simon Hradecky, created Thursday, Dec 20, 2020 08:29:25As of last week, the Deep Sea Mining Rig has been working at depths of more than 4,000 feet.The rig, a 60-foot-long (18-meter) rig with an estimated 5,000 metric tons (21,000 tons) of water-bearing rock and ore on board, is the second Deep Sea Mine rig to…



Why bitcoin miners have been dropping out of the mining market

The cryptocurrency mining industry is facing a serious decline.The number of new mining rigs that join the bitcoin market each day is dropping to zero.Last month, the bitcoin price plummeted to a low of $7,700 from over $9,000 a few weeks ago.The trend is not limited to the mining industry either.Bitcoin is not just gaining…



How to find and visit a Mining Rig

By now, you probably know about the mining rig craze.If not, here are some tips and tricks that will help you make it through the process.1.Find a Mining rig2.Make a plan3.Make an appointment to visit the site4.Get an ID5.Find the right spot6.Mine out the ore6.Make sure to take photos7.Get a permit8.Prepare your gear9.Take photos and…