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Bitcoin miners brace for impact as halving goes live
  + stars: | 2024-04-21 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +17 min
The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is 'halved.' The aggregate market cap of the 14 U.S.-listed bitcoin miners tracked by JPMorgan analysts declined 28% over the first half of April to $14.2 billion, reaching year-to-date lows. Some have billed the 2024 bitcoin halving as a seminal moment for the mining sector. Marathon, along with other mining firms, has begun diversifying its business model into ancillary operations beyond purely bitcoin mining. Sullivan continued, "Bitcoin mining sites can only be repurposed if they meet the attributes that are required for HPC.
Persons: AUSTIN , TEXAS — Adam Sullivan, bitcoin, Sullivan, they'll, it's, Core's Sullivan, Bitdeer, Needham, Haris Basit, Basit, Cantor Fitzgerald, Greg Beard, Beard, Bitdeer's, Jason Les, Les, Fred Thiel, Capex, Thiel, Stronghold's Beard, Nic Carter, Blackrock, Bill Barhydt, Barhydt, Island's Carter isn't, Carter, CoinShares Organizations: bitcoin, CNBC, JPMorgan, Cipher, Bitdeer Technologies, Mining, Miners, Riot, Island Ventures, Circuits, Nvidia, CoreWeave, Bitcoin, HPC Locations: AUSTIN , TEXAS, Texas, bitcoin, U.S, Rockdale , Texas, Singapore, Bitcoin, Hong Kong, Abra, Europe, Dalton , Georgia, North America
“I was born in Pakistan, I’ve lived here for 42 years, I went to school in Pakistan,” said Nasim, who had traveled to the Torkham border crossing from the northern city Peshawar. Nasim, who was born and raised in Pakistan, and is now preparing to return to Afghanistan. International bodies and human rights groups have warned of a looming humanitarian disaster as they return. He hoped the Taliban would greet those forced out of Pakistan and help them find new jobs. The steady deterioration of human rights under the Taliban since its return to power have only confirmed the worst fears of many Afghans.
Persons: I’ve, , Nasim, “ I’ve, , , ” Nasim, Abdul Basit, Sarfraz Bugti, Ravina Shamdasani, Wakil Kohsar, Ghulam Sakhi, we’ve, Raza Muhammad, ” Muhammad, Akhtar Muhammad, Zahid Bahand, can’t, I’m Organizations: Pakistan CNN, CNN, , Getty, Security, Authorities, United Nations, Human Rights, Rights Watch, ” CNN, Interior Ministry, “ Police, UN, International Organization for Migration, Pakistan’s Ministry of Foreign Affairs, Taliban Locations: Chaman, Pakistan, Pakistan’s, Peshawar, Afghanistan, , Quetta, , Soviet, States, AFP, Afghan, Karachi, Khyber Pakhtunkhwa, Balochistan, Balochistan’s, United States, United Kingdom, Canada, Kabul
At least nine dead, 44 injured in Pakistan after earthquake
  + stars: | 2023-03-22 | by ( ) www.cnbc.com   time to read: 1 min
People stand in the street after a strong earthquake in Peshawar, Pakistan on March 21, 2023. The earthquake was felt throughout Pakistan and Pakistan-administered Kashmir. At least nine people were dead and 44 injured in Pakistan's Khyber Pakhtunkhwa province, a government official said, after a magnitude 6.5 earthquake with its epicenter in Afghanistan struck late on Tuesday. At least 19 houses were partially damaged by the earthquake, Abdul Basit, a senior official in the Khyber Pakhtunkhwa government told Reuters on Wednesday.
ISLAMABAD, March 22 (Reuters) - At least nine people were killed and 44 injured in northwest Pakistan by a magnitude 6.5 earthquake that struck in neighbouring Afghanistan late on Tuesday, a Pakistani government official said. At least two people were killed in Afghanistan, a disaster agency official there said. The quake was felt over an area more than 1,000 km wide by some 285 million people in Pakistan, India, Uzbekistan, Tajikistan, Kazakhstan, Kyrgyzstan, Afghanistan and Turkmenistan, the European-Mediterranean Seismological Centre said. A 6.1 magnitude earthquake in eastern Afghanistan killed more than 1,000 people last year. In 2005, at least 73,000 people were killed by a 7.6 magnitude quake that struck northern Pakistan.
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