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Overseas Mines Are Witnessing A New Round Of “Gold Rush” While Domestic Mine Policies Are Tightening

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Domestic policies are getting tighter, sparking waves

On May 18, China Internet Finance Association and two other associations jointly issued “Announcement on the Prevention of Virtual Currency Transactions Speculation Risk”, underscoring the virtual currency transactions speculation risk, implying that virtual currency transactions are illegal in financial activities, and financial institutions and payment agencies should not provide support and services for virtual transactions.

On May 21, Vice Premier of the State Council, Liu He presided over the fifty-first meeting of the Financial Stability and Development Commission of the State Council to study the next phase of financial. The meeting emphasized cracking down on Bitcoin mining and trading practices, and was determined to prevent individual risks from passing on to the society.

With the continuous modification of regulatory policies, domestic mining operators will face a sudden decline in business volume, shortage of funds and other challenges, as the future of mining looks bleak. The stance of the Financial Stability and Development Commission of the State Council on tightening virtual currency mining regulation is due to financial risks and concerns about energy consumption from mining.

Inner Mongolia takes the lead in response

Inner Mongolia became the first place to issue a policy to “crack down on the mining of virtual coins” after the Financial Stability and Development Commission of the State Council stepped up regulation of virtual coins. On May 25, the Inner Mongolia Development and Reform Commission announced eight measures to strengthen the crackdown on virtual coin mining. It not only referred to that industrial parks, data centers, self-owned power plants, internet enterprises, internet cafes and other participants in mining activities will be held responsible according to relevant laws and regulations, but also the related enterprises and personnel of virtual currency mining activities will be blacklisted for discrepancies according to relevant provisions.

Not only that, the individuals involved are equally treated, and the draft notes, public officials, who take advantage of their posts, participate in virtual coin “mining” or provide it with convenience and protection, now come under the scanner.

Whether Sichuan will be the last “resort” is debatable

After the Inner Mongolia article, the mining circle is also waiting to see whether Sichuan will follow the same path. On June 2, Sichuan held a virtual coin “mining” related situation symposium. Many industry insiders said that this meeting is only a research meeting, not decision-making meeting, and its impact on the industry is limited without the changes in the policy. So, it is not clear whether Sichuan will tighten regulations too.

There’s a big difference between hydropower and thermal power mining, and Sichuan already has a lot of abandoned power during the abundant water season, and mining is the most efficient way to use it because it doesn’t require electricity to be transferred, so simply moving the mine to a power-generating location can convert it directly into revenue. Therefore, if Sichuan and Yunnan consider abandoned water consumption factors, in the abundant water period the abandoned electricity can be used for mining, the domestic may still retain some mines. This is the reason why some miners are still waiting.

Opportunities and challenges of “gold rush” overseas

Mining is essentially a manufacturing process for digital currency assets. Given the uncertainty of domestic policy, if there is policy support in North America and other countries, and electricity is cheap and infrastructure is mature, it is a better choice to deploy mines overseas.

Opportunities are often accompanied by challenges, says Liu Changyong, director of the Blockchain Economic Research Center of Chongqing Technology and Business University, where the mines will first consider low electricity prices. In 2018 and 2019, Iran’s electricity prices were very low, but policy was unstable, and some of the mines were even confiscated directly by the government after they were transferred. “It was only later that people discovered that the policy environment was also important. Now it is mainly transferred to the slightly remote places of developed countries, such as Canada and northern Europe, with low electricity prices and relatively stable and friendly policies, and moreover, low temperatures are beneficial for machine cooling.”

Planning ahead, BTC has already started overseas layout

In fact, as early as in April this year, Ms. Meng Xiaoni, vice president of BTCM and chief executive of BTC.COM, expressed her views about the mining “change”. The restructuring of the global energy sector, she argues, is a global revolution that began in 2014, and by 2020, at the 75th UN General Assembly, China’s goal of carbon neutralization has given a crucial signal of huge Chinese capacity, China’s market and Chinese demand, and calls for a more environmentally friendly approach. This is bound to provide great leadership for the global economic industry, but also has a strong butterfly effect, in the future there will be more countries to join the construction group, leading to global economic change.

To this, BTC also lays out overseas early. Moreover, there are frequent actions taken recently!

On May 19, BTCM announced a legally binding investment agreement with Dory Creek, a wholly-owned unit of BitDeer, to jointly invest in an encrypted digital currency mine in Texas. BTCM plans to invest a total of US $25.74 million.

On May 24, BTCM announced that it would set up a mine in Kazakhstan, with a total investment of RMB 60 million, to build and operate a 100-megawatt mine with a Kazakh company. When the mine is completed, the company will hold an 80% stake in the Kazakhstan mine, with a 20% stake in the partner.

BTCM has been advocating low-carbon and environmentally friendly mining. Clean and low-carbon energy accounts for more than 98% of the company’s own mine energy mix after the Texas mine was completed. In the future, BTCM will continue to actively implement the goal of “carbon neutralization” and actively seek more high-quality mineral resources overseas!

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Alta Pest Control Introduces Tailored Residential Pest Control Services in Knoxville, TN

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KNOXVILLE, TN – Alta Pest Control is now offering specialized residential pest control services to homeowners in Knoxville, TN, providing customized and environmentally safe solutions. Understanding that each home has unique pest control needs, Alta presents individualized strategies to effectively tackle these specific requirements.

More Details

In Knoxville, TN, Alta Pest Control’s dedication to personalized solutions stems from acknowledging the diverse pest control challenges that homeowners face. Through comprehensive evaluations of each client’s home environment, Alta Pest Control formulates targeted strategies to address distinct pest issues effectively.

The extensive services offered in Knoxville encompass:

  • Rodent Control
  • Termite Treatment
  • Flea Control
  • Mosquito Control
  • Ant Control
  • Stinging Insects Extermination
  • Spider Extermination and Prevention
  • Cockroach Extermination and Control
  • And many more

These services are fundamental to Alta Pest Control’s mission of delivering long-lasting, effective solutions for a wide range of pest challenges in residential settings. Committed to safety, Alta Pest Control employs non-hazardous chemicals that are potent against pests while remaining safe for humans and pets, reflecting their dedication to responsible and effective service.

Alta Pest Control in Knoxville engages with homeowners to identify specific pest challenges, crafting customized plans to ensure effective and sustainable pest management, tailored perfectly to each household’s needs.

“Homeowners in Knoxville encounter distinctive pest control challenges,” says a spokesperson from Alta Pest Control. “Our commitment is to provide custom-tailored, safe, and effective pest control solutions, ensuring our residential clients in Knoxville receive the most suitable service for their specific situations.”

Alta Pest Control supports the quality of their residential pest control services in Knoxville with a satisfaction guarantee, offering refunds to clients who are not fully satisfied. Homeowners in need of specialized pest management solutions can reach out to Alta Pest Control for an in-depth consultation at https://www.altapestcontrol.com/locations/knoxville-tn-pest-control.

About Alta Pest Control:

Founded in 2013, Alta Pest Control is a family-owned business offering a wide range of pest control services in Knoxville, TN, and surrounding areas. Their services extend to both residential and commercial pest control, tackling issues such as termites, rodents, cockroaches, fleas, and mosquitoes, along with moisture control and attic insulation. Accredited by BBB, Inc 5000, PCT, and Quality Pro, and affiliated with the National Pest Management Association, Alta Pest Control is committed to providing environmentally friendly, safe, and efficient pest management solutions.

Alta Pest Control’s main office is at 101 Sherlake Ln #104, Knoxville, TN 37922, United States.

Media Contact

Name
Alta Pest Control
Contact name
Faith Rock
Contact phone
(307) 209-0956
Contact address
101 Sherlake Ln #104
City
Knoxville
State
TN
Zip
37922
Country
United States
Url
https://www.altapestcontrol.com/

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Australian Strategic Materials signs US$600 million LoI

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–News Direct–

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM), joins Jonathan Jackson in the Proactive studio to discuss the company s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth elements, crucial for various high-tech applications. Last week, the project received a significant boost with a Letter of Intent (LoI) for a US$600 million debt funding package from the Export-Import Bank of the United States, adding to a previous A$200 million Letter of Support from Export Finance Australia (EFA). This financial backing underscores the strategic importance of critical minerals and the global interest in securing supplies for future technological and industrial use. The Australian Government's focus on critical minerals reflects a broader international trend towards securing supply chains for essential resources, particularly those pivotal for technological advancements and sustainable development. Furthermore, ASM has contracted Bechtel Mining and Metals, Inc for Front-End Engineering Design (FEED) services. Bechtel will develop the project's engineering design, integrating its extensive experience in constructing large-scale industrial projects, which will enhance the project's feasibility and operational planning. This collaboration and the secured funding are pivotal steps towards completing a comprehensive feasibility study for the Dubbo Project, setting the stage for its development and operational phases.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/australian-strategic-materials-signs-us-600-million-loi-794990750

Australian Strategic Materials Ltd

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Alta Pest Control Provides Instant Beetle Control Estimates at No Charge in Spokane Valley, WA

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SPOKANE VALLEY, WA – Alta Pest Control, a pest control service provider, is offering instant, no-charge estimates for beetle control in Spokane Valley. This initiative is part of Alta Pest Control’s commitment to delivering effective pest management solutions, aimed at addressing the escalating issue of beetle infestations in the community.

Alta Pest Control’s strategy for residents of Spokane Valley encompasses a detailed and thorough approach to beetle control. This service includes an initial inspection by experienced technicians adept at identifying signs of beetle activity. With this no-charge estimate service available all year round, Spokane Valley residents have continuous access to crucial pest control solutions.

Beetles can enter homes through small openings or unintentionally brought in on other items, posing risks to household items, including fabrics and food products. Without proper management, beetle infestations can cause considerable property damage and potential health hazards.

“At Alta Pest Control, we are dedicated to providing Spokane Valley residents with prompt and efficient solutions for their beetle problems,” states Faith Rock, a spokesperson for Alta Pest Control. “We recognize the importance of addressing these issues quickly and are devoted to helping our community maintain secure and healthy living environments.”

The provision of instant, no-charge beetle control estimates by Alta Pest Control in Spokane Valley signifies their ongoing commitment to the community’s well-being. Residents dealing with beetle infestations can rely on Alta Pest Control for timely and competent service. For additional details or to request an estimate, please visit https://www.altapestcontrol.com/locations/spokane-washington-pest-control.

Residents of Spokane Valley can access this service by:

  • Calling Alta Pest Control at 307-209-0956.
  • Sharing their specific beetle control concerns with an expert representative.
  • Receiving an immediate, no-obligation estimate tailored to their needs.

About Alta Pest Control:

Established in 2013 and recognized with a PCT Award, Alta Pest Control, offers professional pest management services to Spokane Valley, WA. Catering to residential and commercial clients, they are noted for their environmentally responsible practices, especially in moisture control. Their affiliations with the Washington Pest Control, National Pest Management, and Greater Spokane Pest Control Associations underscore their dedication to upholding industry standards in Spokane Valley.

Alta Pest Control is at 9608 E Montgomery Ave # 3, Spokane Valley, WA 99206.

Media Contact

Name
Alta Pest Control
Contact name
Faith Rock
Contact phone
307-209-0956
Contact address
9608 E Montgomery Ave # 3
City
Spokane Valley
State
Washington
Zip
99206
Country
United States
Url
https://www.altapestcontrol.com/

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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