Tag Archives: miners

Coinbase, Robinhood, Bitcoin miners surge as Ripple ruling bodes well for crypto plays: ‘This is a positive read-through’ – Fortune

  1. Coinbase, Robinhood, Bitcoin miners surge as Ripple ruling bodes well for crypto plays: ‘This is a positive read-through’ Fortune
  2. Should You Buy Ripple (XRP) While It’s Still Below $1? The Motley Fool
  3. What Are the Odds XRP Price Hits New All-Time Highs After Ripple Win Against SEC? BeInCrypto
  4. Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’ – Featured Bitcoin News Bitcoin News
  5. Why Ripple’s Victory Against The SEC May Be Short-Lived: Legal Expert NewsBTC
  6. View Full Coverage on Google News

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Bitcoin miners will struggle to survive the next ‘halving’ event amid electricity costs, debt payments – Fortune

  1. Bitcoin miners will struggle to survive the next ‘halving’ event amid electricity costs, debt payments Fortune
  2. Experts warn 2024 Bitcoin halving to spell ‘death knell’ for crypto miners Finbold – Finance in Bold
  3. ‘Global Governance’—Leak Reveals ‘Unprecedented’ Plan For Crypto That Could Play Havoc With The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Litecoin Forbes
  4. How Bitcoin’s Next Halving Will Affect Struggling Crypto Miners (BTC) Bloomberg
  5. Struggling Bitcoin Miners Wary of Token’s Big ‘Halving’ Event BNN Bloomberg
  6. View Full Coverage on Google News

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Public Bitcoin miners sold almost everything they mined in 2022

Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created “a persistent headwind” for the Bitcoin price or not. 

Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet, indicating that approximately 40,300 of the 40,700 BTC mined by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital from Jan. 1 to Nov. 30 was sold off.

The reserves held by mining firms have decreased considerably during the latter half of 2022, particularly throughout November, as the crypto industry reeled from the effects of the FTX fallout.

Miner reserves vs Bitcoin price from Jul. 1 to Dec. 28. Source: CryptoQuant.

Dunleavy believes that miners consistently selling off newly produced Bitcoin places downward pressure on the price of the leading cryptocurrency.

However, some industry commentators such as BitMEX’s former CEO, Arthur Hayes, believe the selling pressure created by the increased sales of Bitcoin miners is negligible.

He opined in a Dec. 9 blog post that “even if miners sold all the Bitcoin they produced each day, it would barely impact the markets at all.”

According to Bitcoin Visuals, on Dec. 26 the daily trading volume for Bitcoin was $12.2 billion. The outflow from miners on the same day, according to CryptoQuant, was 919 BTC ($15.35 million), which represents just 0.13% of the total volume traded.

Miner’s reserves have rebounded slightly during December, increasing by nearly 1%. The figure contributes to the view shared in a Dec. 27 post by crypto analyst IT Tech that the situation for miners appears to be stabilizing.

Related: BTC price dips 1% on Wall Street open as Bitcoin miners worry analysts

Miners have faced significant headwinds throughout the year, with high electricity prices, falling crypto market prices and a higher mining difficulty eating into their bottom line.

With the cost of production for miners increasing while the Bitcoin price has been decreasing, miners such as Core Scientific have been forced to sell some of their reserves at a loss to fund their ongoing operations and efforts to expand.



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Loretta Lynn, coal miner’s daughter and country queen, dies

NASHVILLE, TENN. — Loretta Lynn, the Kentucky coal miner’s daughter whose frank songs about life and love as a woman in Appalachia pulled her out of poverty and made her a pillar of country music, has died. She was 90.

In a statement provided to The Associated Press, Lynn’s family said she died Tuesday at her home in Hurricane Mills, Tennessee.

“Our precious mom, Loretta Lynn, passed away peacefully this morning, October 4th, in her sleep at home in her beloved ranch in Hurricane Mills,” the family said in a statement. They asked for privacy as they grieve and said a memorial will be announced later.

Lynn already had four children before launching her career in the early 1960s, and her songs reflected her pride in her rural Kentucky background.

As a songwriter, she crafted a persona of a defiantly tough woman, a contrast to the stereotypical image of most female country singers. The Country Music Hall of Famer wrote fearlessly about sex and love, cheating husbands, divorce and birth control and sometimes got in trouble with radio programmers for material from which even rock performers once shied away.

Her biggest hits came in the 1960s and ’70s, including “Coal Miner’s Daughter,” “You Ain’t Woman Enough,” “The Pill,” “Don’t Come Home a Drinkin’ (With Lovin’ on Your Mind),” “Rated X” and “You’re Looking at Country.” She was known for appearing in floor-length, wide gowns with elaborate embroidery or rhinestones, many created by her longtime personal assistant and designer Tim Cobb.

Her honesty and unique place in country music was rewarded. She was the first woman ever named entertainer of the year at the genre’s two major awards shows, first by the Country Music Association in 1972 and then by the Academy of Country Music three years later.

“It was what I wanted to hear and what I knew other women wanted to hear, too,” Lynn told the AP in 2016. “I didn’t write for the men; I wrote for us women. And the men loved it, too.”

In 1969, she released her autobiographical “Coal Miner’s Daughter,” which helped her reach her widest audience yet.

“We were poor but we had love/That’s the one thing Daddy made sure of/He shoveled coal to make a poor man’s dollar,” she sang.

“Coal Miner’s Daughter,” also the title of her 1976 book, was made into a 1980 movie of the same name. Sissy Spacek’s portrayal of Lynn won her an Academy Award and the film was also nominated for best picture.

Long after her commercial peak, Lynn won two Grammys in 2005 for her album “Van Lear Rose,” which featured 13 songs she wrote, including “Portland, Oregon” about a drunken one-night stand. “Van Lear Rose” was a collaboration with rocker Jack White, who produced the album and played the guitar parts.

Reba McEntire was among the stars who reacted to Lynn’s death, posting online about how the singer reminded her of her late mother. “Strong women, who loved their children and were fiercely loyal. Now they’re both in Heaven getting to visit and talk about how they were raised, how different country music is now from what it was when they were young. Sure makes me feel good that Mama went first so she could welcome Loretta into the hollers of heaven!”

Born Loretta Webb, the second of eight children, she wrote that her birthplace was Butcher Holler, near the coal mining company town of Van Lear in the mountains of east Kentucky. She literally put the place on the map, according to Peter Cooper, senior director, producer and writer at the Country Music Hall of Fame and Museum. He wrote in his 2017 book “Johnny’s Cash and Charley’s Pride: Lasting Legends and Untold Adventures in Country Music” that she made up the name for the purposes of the song based on the names of the families that lived there.

Her daddy played the banjo, her mama played the guitar and she grew up on the songs of the Carter Family. Her younger sister, Crystal Gayle, is also a Grammy-winning country singer, scoring crossover hits with songs like “Don’t It Make My Brown Eyes Blue” and “Half the Way.” Lynn’s daughter Patsy Lynn Russell also was a songwriter and producer of some of her albums.

“I was singing when I was born, I think,” she told the AP in 2016. “Daddy used to come out on the porch where I would be singing and rocking the babies to sleep. He’d say, ‘Loretta, shut that big mouth. People all over this holler can hear you.’ And I said, ‘Daddy, what difference does it make? They are all my cousins.’”

She wrote in her autobiography that she was 13 when she got married to Oliver “Mooney” Lynn, but the AP later discovered state records that showed she was 15. Tommy Lee Jones played Mooney Lynn in the biopic.

Her husband, whom she called “Doo” or “Doolittle,” urged her to sing professionally and helped promote her early career. With his help, she earned a recording contract with Decca Records, later MCA, and performed on the Grand Ole Opry stage. Lynn wrote her first hit single, “I’m a Honky Tonk Girl,” released in 1960.

She also teamed up with singer Conway Twitty to form one of the most popular duos in country music with hits such as “Louisiana Woman, Mississippi Man” and “After the Fire is Gone,” which earned them a Grammy Award. Their duets, and her single records, were always mainstream country and not crossover or pop-tinged.

And when she first started singing at the Grand Ole Opry, country star Patsy Cline took Lynn under her wing and mentored her during her early career.

The Academy of Country Music chose her as the artist of the decade for the 1970s, and she was elected to the Country Music Hall of Fame in 1988. She won four Grammy Awards, was inducted into the Songwriters Hall of Fame in 2008, was honored at the Kennedy Center Honors in 2003 and was awarded the Presidential Medal of Freedom in 2013.

In “Fist City,” Lynn threatens a hair-pulling fistfight if another woman won’t stay away from her man: “I’m here to tell you, gal, to lay off of my man/If you don’t want to go to Fist City.” That strong-willed but traditional country woman reappears in other Lynn songs. In “The Pill,” a song about sex and birth control, Lynn sings about how she’s sick of being trapped at home to take care of babies: “The feelin’ good comes easy now/Since I’ve got the pill,” she sang.

She moved to Hurricane Mills, Tennessee, outside of Nashville, in the 1990s, where she set up a ranch complete with a replica of her childhood home and a museum that is a popular roadside tourist stop. The dresses she was known for wearing are there, too.

Lynn knew that her songs were trailblazing, especially for country music, but she was just writing the truth that so many rural women like her experienced.

“I could see that other women was goin’ through the same thing, ‘cause I worked the clubs. I wasn’t the only one that was livin’ that life and I’m not the only one that’s gonna be livin’ today what I’m writin’,” she told The AP in 1995.

Even into her later years, Lynn never seemed to stop writing, scoring a multi-album deal in 2014 with Legacy Records, a division of Sony Music Entertainment. In 2017, she suffered a stroke that forced her to stop touring, but she released her 50th solo studio album, “Still Woman Enough” in 2021.

She and her husband were married nearly 50 years before he died in 1996. They had six children: Betty, Jack, Ernest and Clara, and then twins Patsy and Peggy. She had 17 grandchildren and four step-grandchildren.

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Online: https://lorettalynn.com/

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Follow Kristin M. Hall at https://twitter.com/kmhall



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Loretta Lynn, ever a ‘Coal Miner’s Daughter,’ dies at 90

Loretta Lynn, a singer and songwriter whose rise from dire poverty in Kentucky coal country to the pinnacle of country music was chronicled in the best-selling memoir and movie “Coal Miner’s Daughter,” and whose candid songs gave voice to the daily struggles of working-class women, died Oct. 4 at her home in Hurricane Mills, Tenn. She was 90.

Her family confirmed the death in a statement but did not cite a cause.

Ms. Lynn’s career was remarkable for its storybook ascent from hardscrabble origins. She was a teenage bride and mother, a country star and a grandmother by her early 30s. A trailblazer for other female country performers, she was the first woman to win the Country Music Association’s entertainer of the year award, in 1972. She also helped redefine and broaden the appeal of country music.

“She was the groundbreaking female singer-songwriter in country music,” Robert Oermann, co-author of “Finding Her Voice,” a study of women in country music, told The Washington Post in 2003. “Her songs were delivered from a distinctly female point of view, and that had not been done before, not the way she did it. Writing about women as they really lived — that was a breakthrough.”

In 2013, when Ms. Lynn received the Presidential Medal of Freedom, the nation’s highest civilian honor, President Barack Obama called her the “rule-breaking, record-setting queen of country music” who “gave voice to a generation, singing what no one wanted to talk about and saying what no one wanted to think about.”

Her career was propelled by an indisputable musical talent, a strikingly photogenic presence and a formidable grit. “Having to grow up as fast as I did when I got married took something away from me,” she noted in her second memoir, “Still Woman Enough” (2002). “But it also gave me something: a hard-won strength.”

Many of Ms. Lynn’s most memorable songs celebrated her Kentucky roots and were rendered in an unmistakable Appalachian twang. Her first album, “Loretta Lynn Sings” (1963), reached No. 2 on the Billboard country album chart, but her greatest success came later, often with tunes packed with personal meaning or topical social themes.

The first of more than a dozen No. 1 country hits came in 1967, with “Don’t Come Home A-Drinkin’ (With Lovin’ on Your Mind),” written with her sister Peggy Sue about a marriage to an alcoholic.

Several of her songs were tough-minded warnings to romantic rivals for her husband’s affections, including “You Ain’t Woman Enough (To Take My Man)” (1966) and the No. 1 country hit “Fist City” (1968):

I’m not a-sayin’ my baby is a saint cause he ain’t

And that he won’t cat around with a kitty

I’m here to tell you, gal, to lay off of my man

If you don’t wanna go to Fist City

Some of her other well-known songs included “Dear Uncle Sam” (released in 1966), about a woman saying goodbye to her soldier husband; “You’re Lookin’ at Country” (1971); “Love Is the Foundation” (1973); and “One’s on the Way” (1971), written by humorist Shel Silverstein about a beleaguered housewife expecting a child — “I hope it ain’t twins again.”

There was also “The Pill,” about the liberating effect of contraceptives on a woman’s life. Ms. Lynn recorded the song, by Lorene Allen, Don McHan and T.D. Bayless, in 1972. Her record company withheld it from release for three years, and many radio stations refused to play it, but it eventually became a Top 5 country hit.

Ms. Lynn’s “Coal Miner’s Daughter” spent only one week at No. 1 after its release in 1970, but it soon became the singer’s signature tune:

Well, I was born a coal miner’s daughter

In a cabin, on a hill in Butcher Holler

We were poor but we had love,

That’s the one thing that daddy made sure of

He’d shovel coal to make a poor man’s dollar

After a 1976 memoir, co-written with New York Times journalist George Vecsey, Ms. Lynn’s popularity reached its zenith with the 1980 film “Coal Miner’s Daughter.”

While producers were still casting the movie, Ms. Lynn casually announced on “The Tonight Show” that “little Sissy Spacek” would play her on the screen. Spacek, who shadowed Ms. Lynn for months and sang all the movie’s songs, won an Academy Award for best actress for her portrayal.

Critics praised English director Michael Apted’s earthy depiction of Appalachian life and Ms. Lynn’s tempestuous marriage to Oliver “Doolittle” Lynn. She once told Rolling Stone magazine that every time Doolittle hit her, she gave it back in kind — twice.

For all the turbulence in their relationship, Ms. Lynn credited her husband with pushing her to become a performer.

“I married Doo when I wasn’t but a child, and he was my life from that day on,” she said in “Still Woman Enough,” written with Patsi Bale Cox. “He thought I was something special, more special than anyone else in the world, and never let me forget it. That belief would be hard to shove out the door. Doo was my security, my safety net.”

Loretta Webb was born in Butcher Hollow, Ky., on April 14, 1932. The hollow, without electricity and indoor plumbing, sat at the bottom of a hill outside of Van Lear, Ky., named for the local coal company. Her father, who eventually died of black lung disease, worked in the Van Lear mines.

The second of eight children, Loretta attended a one-room schoolhouse before dropping out in elementary school. She cared for her younger siblings while her mother worked in a nursing home. She didn’t ride in a car until she was 12, and the family’s sole connection to the outside world was a battery-powered radio, which broadcast “The Grand Ole Opry.”

She married at 15 (not 13, as she claimed in “Coal Miner’s Daughter”). Her husband, then 21, was a moonshiner who owned the only car in the hollow, an Army Jeep.

A year into their marriage, Ms. Lynn — then pregnant with their first child — followed her husband to Custer, Wash. She had four children by the time she was 19 and ultimately was the mother of six.

After hearing her serenade the children around the house, Doolittle bought his wife a $17 guitar and encouraged her to sit in with a local country group. She soon started her own band, Loretta’s Trail Blazers, and won a talent contest hosted by singer Buck Owens in Tacoma, Wash.

Ms. Lynn wrote and recorded “Honky Tonk Girl” in 1960, then traveled around the country with her husband, pitching the record to disc jockeys and endearing herself to listeners with her unvarnished charm.

During one interview, Dallas disc jockey Bill Mack complimented her on a dress she was wearing.

“Thank you,” Ms. Lynn said. “I just washed it.”

“Oh, really, where did you find a laundry around here?” Mack asked.

“I didn’t find no laundry, I washed it in the back of the car,” Ms. Lynn replied, referring to a basin of water in the car. Mack pressed her further on how she got the dress dried.

“I blowed it dry out the window,” Ms. Lynn said.

Settling in Nashville in 1961, she landed a slot on a television show of the Wilburn Brothers, who brought her to the attention of Decca Records and renowned country music producer Owen Bradley.

In the early 1960s, Ms. Lynn toured as Patsy Cline’s opening act and performed with country star Ernest Tubb.

She formed her most enduring musical partnership with singer Conway Twitty in the 1970s and 1980s. The pair had five No. 1 country singles together and won the Country Music Association’s vocal duo of the year from 1972 through 1975. Their records ranged from the doleful “After the Fire Is Gone” to the upbeat “Louisiana Woman, Mississippi Man” and the melodramatic “As Soon as I Hang Up the Phone.” Twitty died in 1993.

Beginning in the 1960s, Ms. Lynn became a television fixture, with appearances spanning such programs as “The Tonight Show,” “The Muppet Show” and “The Dean Martin Celebrity Roasts.” She discussed her teenage marriage and other intimate subjects with a plain-spoken manner that captivated audiences who had never followed country music.

Ms. Lynn later established a theme park, including a campground and a replica of her childhood home, near her home in Hurricane Mills, Tenn.

For years, she suffered from migraine headaches that sometimes forced her to miss performances. She was treated for an addiction to sleeping pills in the 1980s.

Ms. Lynn won Grammy Awards for “After the Fire Is Gone,” her 1971 duet with Twitty, for a 2004 duet, “Portland, Oregon,” with Jack White of the White Stripes, and for her 2004 album “Van Lear Rose.” She was inducted into the Country Music Hall of Fame in 1988 and received the Kennedy Center Honors in 2003 and a lifetime achievement Grammy in 2010.

Three of Ms. Lynn’s siblings had careers in music. A brother, Jay Lee Webb, who was a singer and played guitar in Ms. Lynn’s band, died in 1996. Her sister Peggy Sue toured with her band in the 1960s and ’70s. Ms. Lynn’s youngest sister, Brenda Gail Lynn, who had a successful country and pop career under the stage name Crystal Gayle, won a Grammy for her 1977 hit “Don’t It Make My Brown Eyes Blue.”

Her eldest son, Jack Benny Lynn — named for two of the singer’s uncles, not the radio and film comedian — died in 1984 after being thrown from a horse into a river on the family property; Ms. Lynn stopped performing for more than a year. She also temporarily retired to nurse her husband before his death in 1996, after 48 years of marriage. A daughter, Betty Sue Lynn, died of emphysema in 2013.

Ms. Lynn’s twin daughters, Peggy and Patsy, performed together as the Lynns; a son, Ernest Ray Lynn, played guitar and bass in his mother’s band. They survive her, in addition to another daughter, Clara Marie Lynn; 21 grandchildren; and a number of great-grandchildren.

Well into her 80s, Ms. Lynn made new recordings and continued to perform. She returned to her Appalachian roots on the largely acoustic album “Full Circle” (2016), which was nominated for a Grammy for best country album and featured “Lay Me Down,” an autumnal duet with fellow octogenarian Willie Nelson.

“I can probably outwork anyone in Nashville. I ain’t ready to lay down and die,” she told People magazine in 2016. “I don’t see no reason to quit right now.”

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Loretta Lynn, coal miner’s daughter turned country queen, dies at 90



CNN
 — 

Loretta Lynn, the “Coal Miner’s Daughter” whose gutsy lyrics and twangy, down-home vocals made her a queen of country music for seven decades, has died. She was 90.

Lynn’s family said in a statement to CNN that she died Tuesday at her home in Tennessee.

“Our precious mom, Loretta Lynn, passed away peacefully this morning, October 4th, in her sleep at home in her beloved ranch in Hurricane Mills,” the statement read.

They asked for privacy as they grieve and said a memorial will be announced later.

Lynn, who had no formal music training but spent hours every day singing her babies to sleep, was known to churn out fully textured songs in a matter of minutes. She just wrote what she knew.

She lived in poverty for much of her early life, began having kids by age 17 and spent years married to a man prone to drinking and philandering – all of which became material for her plainspoken songs. Lynn’s life was rich with experiences most country stars of the time hadn’t had for themselves – but her female fans knew them intimately.

“So when I sing those country songs about women struggling to keep things going, you could say I’ve been there,” she wrote in her first memoir, “Coal Miner’s Daughter.” “Like I say, I know what it’s like to be pregnant and nervous and poor.”

Lynn scored hits with fiery songs like “Don’t Come Home A’ Drinkin’ (With Lovin’ On Your Mind)” and “You Ain’t Woman Enough (To Take My Man),” which topped the country charts in 1966 and made her the first female country singer to write a No. 1 hit.

Her songs recounted family history, skewered lousy husbands and commiserated with women, wives and mothers everywhere. Her tell-it-like-it-is style saw tracks such as “Rated X” and “The Pill” banned from radio, even as they became beloved classics.

 “I wasn’t the first woman in country music,” Lynn told Esquire in 2007. “I was just the first one to stand up there and say what I thought, what life was about.”

 She was born Loretta Webb in 1932, one of eight Webb children raised in Butcher Hollow in the Appalachian mining town of Van Lear, Kentucky. Growing up, Lynn sang in church and at home, even as her father protested that everyone in Butcher Hollow could hear.

Her family had little money. But those early years were some of her fondest memories, as she recounts in her 1971 hit, “Coal Miner’s Daughter”: “We were poor but we had love; That’s the one thing that daddy made sure of.”

As a young teenager, Loretta met the love of her life in Oliver “Doolittle” Lynn, whom she affectionately called “Doo.” The pair married when Lynn was 15 – a fact cleared up in 2012, after the Associated Press discovered Lynn was a few years older than she had said she was in her memoir – and Lynn gave birth to their first of six children the same year.

“When I got married, I didn’t even know what pregnant meant,” said Lynn, who bore four children in the first four years of marriage and a set of twins years later.

“I was five months pregnant when I went to the doctor, and he said, ‘You’re gonna have a baby.’ I said, ‘No way. I can’t have no baby.’ He said, ‘Ain’t you married?’ Yep. He said, ‘You sleep with your husband?’ Yep. ‘You’re gonna have a baby, Loretta. Believe me.’ And I did.”

The couple soon headed to Washington state in search of jobs. Music wasn’t a priority for the young mother at first. She’d spend her days working, mostly, picking strawberries in Washington state while her babies sat on a blanket nearby.

But when her husband heard her humming tunes and soothing their babies to sleep, he said she sounded better than the girl singers on the radio. He bought her a $17 Harmony guitar and got her a gig at a local tavern.

It wasn’t until 1960 that she’d record what would become her debut single, “Honky Tonk Girl.” She then took the song on the road, playing country music stations across the United States.

After years of hard work and raising kids, telling stories with her guitar seemed like a break.

 “Singing was easy,” Lynn told NPR’s Terry Gross in 2010. “I thought ‘Gee whiz, this is an easy job.’ ”

The success of her first single landed Lynn on the stage of the Grand Ole Opry in Nashville and, soon, a contract with Decca Records. She quickly befriended country star Patsy Cline, who guided her through the fame and fashion of country stardom until her shocking death in a plane crash in 1963.

 Cline “was my only girlfriend at the time. She took me under her wing, and when I lost her, it was something else. I still miss her to this day,” Lynn told The Denver Post in 2009. “I wrote ‘You Ain’t Woman Enough to Take My Man,’ and she said, ‘Loretta, that’s a damn hit.’ It shocked me, because you don’t expect somebody like Patsy Cline to tell you that you have a hit. Right after she passed, I put the record out, and it was a hit.”

Lynn’s struggle and success became the stuff of legend, an oft-repeated story of youth, naivete and poverty.

From “Fist City” to “You’re Lookin’ at Country,” Lynn always sang from the heart, whether she was telling off a woman interested in Doo or honoring her Appalachian roots. But her music was far from conventional.

She rankled the conservative country establishment with songs like “Rated X,” about the stigma fun-loving women face after divorce, and “The Pill,” in which a woman toasts her newfound freedom thanks to birth control – “They didn’t have none of them pills when I was younger, or I’d have been swallowing them like popcorn,” Lynn wrote in her memoir.

She documented her upbringing in the bestselling 1976 memoir “Coal Miner’s Daughter,” co-written with George Vecsey. A 1980 biographical film by the same name won an Academy Award for actress Sissy Spacek and brought Lynn wider fame. Lynn’s success also helped launch the music careers of her sisters, Peggy Sue Wright and Crystal Gayle.

Lynn’s legend faced questions in 2012 when The Associated Press reported that in census records, a birth certificate and marriage license, Lynn was three years older than what most biographies stated. It didn’t mar Lynn’s success, but did make the oft-repeated tales of her teen marriage and motherhood less extreme.

“I never, never thought about being a role model,” Lynn told the San Antonio Express-News in 2010. “I wrote from life, how things were in my life. I never could understand why others didn’t write down what they knew.”

Lynn always credited her husband with giving her the confidence to first step on stage as a young performer. She also spoke in interviews, and in her music, about the pain he caused over their nearly 50 years of marriage. Doolittle Lynn died in 1996 after years of complications from heart problems and diabetes.

In her 2002 memoir, “Still Woman Enough,” Lynn wrote that he was an alcoholic who cheated on her and beat her, even as she hit him back. But she stayed with him until his death and told NPR in 2010 that “he’s in there somewhere” in every song she wrote.

“We fought one day and we’d love the next, so I mean … to me, that’s a good relationship,” she told NPR. “If you can’t fight, if you can’t tell each other what you think – why, your relationship ain’t much anyway.”

Lynn won numerous awards throughout her career, including three Grammys and many honors from the Academy of Country Music. She earned Grammys for her 1971 duet with Conway Twitty, “After the Fire is Gone,” and for the 2004 album “Van Lear Rose,” a collaboration with Jack White of the White Stripes that introduced her to a new generation of fans.

 She was inducted into the Country Music Hall of Fame in 1988, and her song “Coal Miner’s Daughter” was inducted into the Grammy Hall of Fame in 1998. She received a Grammy Lifetime Achievement Award in 2010, and in 2013, she was awarded the Presidential Medal of Freedom.

 President Barack Obama said Lynn “gave voice to a generation, singing what no one wanted to talk about and saying what no one wanted to think about.”

Her career and legend only continued to grow in her later years as she recorded new songs, toured steadily and drew loyal audiences well into her 80s. A museum and dude ranch are dedicated to Lynn at her home in Hurricane Mills, Tennessee.

“Working keeps you young,” she told Esquire in 2007. “I ain’t ever gonna stop. And when I do, it’s gonna be right on stage. That’ll be it.”

Lynn was hospitalized in 2017 after suffering a stroke at her home. The following year she broke a hip. Her health forced her to quit touring.

In early 2021, at the age of 89, she recorded her 50th album, “Still Woman Enough.”

The title song, which she sang alongside successors Carrie Underwood and Reba McEntire, sounded like a mission statement that captures the ethos of her career:

“I’m still woman enough, still got what it takes inside;

I know how to love, lose, and survive;

Ain’t much I ain’t seen, I ain’t tried;

I’ve been knocked down, but never out of the fight;

I’m strong, but I’m tender;

Wise, but I’m tough;

And let me tell you when it comes to love;

I’m still woman enough.”

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Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier

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Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner.

In late 2021, miners were the toast of the town with a surefire path to profit: hook powerful computers up to cheap power, crack fiendishly complex maths puzzles and then sell newly minted coins on the booming market.

A year’s a long time in crypto.

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Global revenue from bitcoin mining has dropped to $17.2 million a day amid a crypto winter and global energy crisis, down about 72% from last November when miners were racking up $62 million a day, according to data from Blockchain.com.

“Bitcoin miners have continued to watch margins compress – the price of bitcoin has fallen, mining difficulty has risen and energy prices have soared,” said Joe Burnett, head analyst at Blockware Solutions.

That’s put serious pressure on some players who bought expensive mining machines, or rigs, banking on rising bitcoin prices to recoup their investment.

Bitcoin is trading at around $19,000 and has failed to break above $25,000 since August, let alone regain November’s all-time high of $69,000.

At the same time, the process of solving puzzles to mine tokens has become more difficult as more miners have come online. This means they must devour more computing power, further upping operating costs, especially for those without long-term power pricing agreements.

Bitcoin miners’ profit for one terahash per second of computing power has fluctuated between $0.119 and $0.070 a day since July, down from $0.45 in November last year and around its lowest levels for two years.

The grim state of affairs could be here to stay, too: Luxor’s Hashrate Index, which measures mining revenue potential, has fallen almost 70% so far this year.

Reuters Graphics

2140: THE LAST BITCOIN

It’s been painful for miners.

Shares of Marathon Digital (MARA.O), Riot Blockchain (RIOT.O) and Valkyrie Bitcoin Miners ETF (WGMI.O) have sunk more than 60% this year, for example, while crypto-mining data center operator Compute North filed for bankruptcy last week.

Yet mining is ultimately a long-term proposition – the last bitcoin is expected be mined in 2140, more than a century away – and some spy opportunity in the gloom.

“The best time to get in is when market’s low, the same mining rigs that went for $10,000 earlier this year you can get that for 50% to 75% off right now,” said William Szamosszegi, CEO of Sazmining Inc which is planning to open a renewable-energy powered bitcoin mining operation.

Indeed, many miners are cutting back on buying rigs, forcing makers to cut prices.

For instance, the popular S19J Pro rig sold for $10,100 in January on average, but now sells for $3,200, analysts at Luxor said, also noting prices for bulk orders of some mining machines had fallen by 10% in just the past week.

Chris Kline, co-founder of crypto investment platform Bitcoin IRA, said miners would have to be “hyper-focused” on energy efficiency, both to bring costs down and to avoid any repercussions from climate change-related regulations.

“From managing their balance sheet, processing units and energy costs, miners will look to stay afloat regardless of current market conditions,” he added.

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Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Tom Wilson and Pravin Char

Our Standards: The Thomson Reuters Trust Principles.

Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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“Refurbishing” process for these crypto miners is to blast GPUs with a pressure washer

Please don’t do this: As much as everybody loves a quick cleaning shortcut, we do not recommend the following method for cleaning your graphics cards or any other electronics for that matter. At best, you’ll just end up with a soggy mess. At worst, you’ll ruin your components.

A video posted to Twitter allegedly shows Vietnamese cryptocurrency miners preparing used graphics cards for resale by washing them with a high-powered jet nozzle. Mining crypto with the power of multiple GPUs has become less profitable since “The Merge,” so cryptopreneurs are preparing to offload much of their equipment.

Of course, some crypto-mining rigs have been running 24/7 for years, leaving little time for cleaning. Most casual users just clean their PC with a can of compressed air — maybe a soft brush and alcohol for heavy build up — and call it a day, but that could become impractical when dealing with racks and racks of GPUs. The video shows at least eight Zotac GeForce RTX cards getting blasted by a pressure washer, and that was just one rig.

While most would recommend against washing graphics cards with water, it can be done. Some even use their dishwasher for the task. There are also immersion methods where a component is placed in a solution and hit with ultrasound. These techniques are arguably quicker when dealing with multiple parts but require special handling and water treatment.

As satisfying as using a pressure washer can be, you would be hard-pressed to find anyone recommending one to clean your circuitry. A water jet could easily dislodge surface-mounted components or damage the GPU in a way that a second-hand buyer might not notice even under close inspection.

Graphics cards are generally sturdy, well-built components that can withstand some light abuse. However, a pressure washer can take chunks out of a cracked concrete driveway. It’s not likely any GPU manufacturer has built a card that can stand up to that kind of force.

And all of this is on top of the fact that these cards have been run practically to death. The lesson here is to be cautious if you buy used or refurbished GPUs. They may seem like a good deal, but if they were mishandled like this, you could end up with a worthless paperweight.



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Cryptocurrency Miners Are Selling Off GPUs For Cheaper

Photo: Joby Sessions / PC Gamer Magazine/ Future (Getty Images)

The crypto market is continuing to fall, which has led a ton of miners to exit the market or to downscale their operations, thus finding themselves in possession of valuable computer components that they now no longer need. Some such miners, many from China and South Asia (where electricity is cheaper), are now taking that hardware and dumping it on e-commerce websites. As a result, GPUs that usually go for $500 to $600 are selling for around half that price on the secondhand market.

As noted by PC Gamer, GPUs are suddenly flooding the market, a trend likely driven by several factors. The major one is how cryptocurrency prices have been plummeting since this winter. Now that it seems like the market won’t make a turnaround anytime soon, miners are jumping ship. And these aren’t pristine, out-of-the-box GeForce RTX 3060s that they’re selling. These graphics cards have been used to mine crypto, which uses tons of electricity. Buyers have found that these RTX 3060s were cheap for a reason—many of them are defective after prolonged use. So the common wisdom seems to be that you shouldn’t be too eager to score some used GPUs from an unknown buyer.

However, there’s been some contention in the tech community about how degraded these graphics cards really are. PC World claims that buying a used graphics card from an experienced miner beats buying one from a gamer (who tends to “overclock” their GPUs). Tech YouTuber Linus Sebastian tested some mining GPUs on camera and found that the used graphics cards can still perform well—if they were carefully maintained by their previous owner. So if you must buy a GPU from a miner who wasted a ton of electricity on speculative currency, then you should at least find a reputable seller. Good luck with that, by the way.

If you ask me, I think it’s funnier to let miners languish with a bunch of expensive graphics cards that they can’t even get rid of. It is annoying, though, that Nvidia benefited hugely from the crypto boom, so much so, in fact, that the company got hit by a federal fine for trying to hide how crypto boosted its profits. Hey, at least this crypto nightmare is finally over *knocks on wood* and we’ll all no doubt be seeing far more reasonable graphics card prices very, very soon.

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Russian miners keep running, may see pivot to Bitcoin in response to sanctions

Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week.

According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for around 11.2% of the global BTC hash rate as of August 2021. With sanctions on the Russian government coming from the U.S. and allied NATO nations, it is unclear how the local BTC sector and the broader market will be impacted.

While some crypto mining firms such as Ethereum focused Flexpool have halted their services in Russia in response to the invasion, BTC miners Compass Mining confirmed to customers hosting in Russia that its mining infrastructure will remain operational in the region.

Compass Mining CEO Whit Gibbs expressed his thoughts and prayers to all affected by the conflict, on Twitter earlier today, as he reassured the community that its facilities in Eastern Europe are located safely in Serbia, well outside any “geopolitical unrest.”

The Biden administration outlined on Thursday that it would be imposing “sweeping financial sanctions and stringent export controls” on Russia’s top financial institutions, the government, high-ranking officials, and the technology sector.

Notably, it appears that the heavy restrictions won’t yet extend out to the international payments network SWIFT or cryptocurrency transfers. Many onlookers have argued that this could be a time in which the Russian crypto sector flourishes as it could soon become an important tool to sidestep various sanctions.

In a newsletter to investors earlier today, BTC bull and Morgan Creek digital co-founder Anthony Pompliano emphasized that the Russian government could use this moment as a chance to shift away from the US dollar reserve system, and back a decentralized currency with a global appeal:

“This game theory leads us to Bitcoin. The next best option to being the producer and distributor of the global reserve currency is to be the most advanced user and holder of a global reserve currency that no single country controls.”

Related: Twitter users ask Ukrainian armed forces to start accepting crypto donations

“That incentive leads these superpowers to realize that Bitcoin will be essential for decades to come. The countries that have a large ownership stake, along with conducting mining and other pro-bitcoin activities within their country, will have a significant advantage,” he added.

VanEck’s head of digital assets research Matthew Sigel echoed similar sentiments to Bloomberg, noting that the Bitcoin network will enable Russia to reduce the potential harm caused by being shut out of the Western financial system:

“Neither dictators nor human rights activists will encounter any censor on the Bitcoin network.”



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