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Bitmain, a leading producer of ASIC chips that mine bitcoin, is refusing to sell mining gear in India in light of a new import ban. Once again, the Indian government is taking a heavy-handed regulatory approach to the surging demand for cryptocurrencies in the nation.

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Coal mining in India began in 1774 when John Sumner and Suetonius Grant Heatly of the East India Company commenced commercial exploitation in the Raniganj Coalfield along the Western bank of Damodar river. Growth remained slow for nearly a century due to low demand.

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Mining: Mining, process of extracting useful minerals from the surface of the Earth, including the seas. A mineral, with a few exceptions, is an inorganic substance occurring in nature that has a definite chemical composition and distinctive physical properties or molecular structure.

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