why is gold worth mining? - educationcare.in

Recovery Of Gold Why Is It Worth Mining? - Blurtit. Answer (1 of 1): Gold is a pure element; a type of metal that is incredibly valuable. For this reason, it is worth mining gold.

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Gold Mining 1. Why is it worth mining gold?:: source of economics:: economic value in the jewelry industry as well as in high level electronics:: highly profitable. 2. Where are the locations of the major mining activities in South Africa?:: Witwatersrand:: Gauteng:: Welkom. 3. Discuss each of the following steps: 3.1.deep level underground mining

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Now work, a person's time is of some value so if a lot of work goes into mining or harvesting different elements this adds to the value of these elements as well. Answer 3: This answer is going to involve both some chemistry and some economics, so get ready! The key here is rarity -- …

It Is No Longer Worth It To Build An Ethereum Mining Rig ...

Dec 07, 2017· The answer to this question is no. Building an Ethereum mining rig hasn't been worth it for months and a few months from now, mining ether will be completely obsolete.

Why do Bitcoins have value? - Investopedia

Why do Bitcoins have value? ... Note that changing the protocol would require the concurrence of a majority of the computing power engaged in bitcoin mining ... minus M1 is worth about 45 trillion ...

7 Reasons Bitcoin Mining is NOT Profitable or Worth It (2019)

Jan 29, 2019· The early days of Bitcoin mining are often described as a gold rush. Satoshi Nakomoto's invention of Bitcoin, "a peer-to-peer electronic cash system," opened up an entirely new frontier, not just of freedom but of occasionally outrageous profits. Those with a strong interest in such things, namely cypherpunks, cryptographers, technically-minded libertarians and assorted hackers, were ...

Why is iron worth mining - answers.com

Mining iron ore is the base of a manufacturing economy, mining produces jobs, in most places large deposits of ore, have a surface that is poor in soil, so mining and reclaiming the ground,it ...

why is it worth mining gold in south africa

Why is it worth Where are the locations of the major mining activities in South Africa 3.1.deep level underground mining:: gold bearing Mining industry of South Africa Wikipedia Mining industry of South Africa First Uranium, and Peninsula Energy own or control most of the uranium-from-gold mining processing plants in South Africa.

What is worth mining today? - Quora

May 31, 2017· Ether. I suppose, given that you ask what to mine and not whether you should mine or not, that you already have some knowledge and stuff.. Also, your question is about today. That's why I go for Ether. Let me elaborate. I have been mining ETH for quite a while, it has always been worth it, i.e. worth more than electricity without any market effect (no need to wait for the value to increase ...

Is it worth Mining? : Monero - reddit

Now they're $300+, even for used. I recommend mining, of course, cuz I benefit from a stronger network, but it's up to you. If you think monero will largely stay obscure for a year or two more it's definitely worth mining. If you think we're on the verge of giant mall sized buildings filled with gpus mining monero, it's probably best just to buy.

Yes, Mining is Worth It! : BitcoinMining - reddit

Yes, mining is worth it. In the same way that reading a book is worth it. In the same way that learning to code is worth it. If you are interested in something new, there is no reason not to pursue it. Just don't think you'll get rich from the knowledge you acquire. Knowledge is often its own reward.

gold mining in south africa and why its worth mining

South Africa's mining industry fortunes improving, but challenges . Sep 29, 2017 A strong price recovery for the main commodities South Africa mines and Gold mining began at Beatrix in 1985 and at Oryx (Beatrix Shaft 4, also released Friday, the sector's improvement is worth noting as this year has

Recovery Of Gold Why Is It Worth Mining? - Blurtit

Answer (1 of 1): Gold is a pure element; a type of metal that is incredibly valuable. For this reason, it is worth mining gold. Gold can be sold at a very high price, and will be worth more if it is in a purer form. Mining organizations have the potential to make large profits from discovering and selling gold.Over a century ago, it was not uncommon for countries to seek out new lands that ...

why gold is worth mining - tcfuwhr.org

How was it decided that elements like Gold are worth so much . Now work, a person's time is of some value so if a lot of work goes into mining or harvesting different elements this adds to the value of these elements as well.

A Beginner's Guide to Cryptocoin Mining: What You Need to ...

As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

Is Bitcoin Mining Worth It?

Recently, people have been questioning the point of Bitcoin mining. This article will answer the question, is Bitcoin mining worth it? Keyword(s): Is Bitcoin Mining Worth It? Bitcoin has once again surpassed the cost of an ounce of gold. According to this report, one Bitcoin is worth $1,268, while gold's trading value is at $1,235.

gold mining in south africa and why it's worth mining ...

gold mining in south africa and why it's worth mining Mining - South Africa - export, issues, system, … gold mining, and the decline in world market prices have caused South Africa ...

10 Reasons Why Gold Is So Valuable - Masters of Trivia

Have you pondered the price of gold and boggled your brain trying to figure out why it is so highly valued? There are actually several reasons why gold is as valuable as it is, and some of those reasons might surprise you. We've put together a top ten list to put it all in perspective.. 10 REASONS WHY GOLD IS SO VALUABLE:

why is it worth mining gold in south africa

why is it worth mining gold in south africa. Mining industry of South Africa - Wikipedia, the free encyclopedia. ... headquarters of the South African gold mining company, .... It is now worth less than $300 an ounce and more than half the world's gold... Read more. Life as a secret gold miner in South Africa | GlobalPost.

Is Bitcoin Mining Profitable? - The Balance

Jan 24, 2019· Is Bitcoin Mining Profitable? Money can be made, but no method guarantees profit ... With the cost of one coin between $3,000 and $4,000, as of January 2019, the energy costs alone don't make it worth it. A less powerful rig mining alternative currencies could save you money. Even so, it can take several weeks, or even months, to recoup your ...

Why are bitcoins worth anything? - Quora

Oct 03, 2017· Why is a dollar worth anything? Much less effort is required to create a dollar than to mine a bitcoin. As long as people will accept them in trade (because they think they can get something they want with them), then they have value.

why is it worth mining for gold - samenwerkingsverbandscope.nl

why is it worth mining for gold . Four Reasons Why Gold Is A Bad Investment - Forbes- why is it worth mining for gold, · Before you gold trolls start hurling cyber-insults at me, I have to confess upfront that I don't mind if anyone owns gold.I have a few coins myself. But I don't think gold is a good investment ...Welsh gold - WikipediaDolaucothi.

Is it worth mining Litecoins? - Bitcoin Stack Exchange

Is it worth mining Litecoins and then exchange them for Bitcoins (because I am not sure if there will be space for more crypto currencies in the future)? I can get about 25k hash/sec by CPU mining on my laptop, so this turns in something about 0.1 LTC per day which is …

why is gold worth mining - webinteriors.be

why is gold worth mining At the time, gold was worth approximatelytimes more than silver. Silver was used for small denomination purchases while gold was used for large denominations. The U.S. mint was legally required to buy and sell gold and silver at a rate ofparts silver topart gold.

why is it worth mining gold in south africa

Coal mining processing plant in Nigeria. This coal mining project is an open pit mine located in Nigeria, announced by mining company - Western Goldfields - that it has discovered 62,400,000 tonnes of proven reserves of coal deposits worth US$1.2 billion which could …

why is it worth mining for gold - warrenchem.co.za

Why don't people mine for dogecoin, and why is it worth so . I am just wondering why bitcoin is worth so much money, but dogecoin isn't? like, is there something unique about bitcoin that makes it worth more, is it just because it's well known and circulated? Is dogecoin mining fairly easy but no one does it because the coins are worth nothing ...

why it is worth mining - BINQ Mining

Jan 17, 2013· Why is it worth mining iron – The Q&A wiki. Because it gives very fast exp and easy to mine It may only be 35 exp per but it mines fast and the best place to mine ore is …

why is it worth mining gold in south africa-[mining plant]

Why is it worth mining iron - The Q&A wiki. Why does capital gold mining res release no news? Answer it! ... Why is iron worth mining? Iron is worth mining because of the high returns promised to us ... The Mining Africa Summit 2012. Tendele Coal Mine Felix Manyanga Mine Manager South Africa...