2 minute read
The Brief
“These wheels must be designed with the same precision as the vehicle itself, with a metallic structure, reactive suspension and mechanical parts. The identification of that weakness became an inspiration at first, and then an obsession”
Zoltan Kemeny
Advertisement
President & CEO, GACW
READ MORE
“The bottom line is everyone, no matter which field or sector they are in, should be aware of industrial cyber security and how vital it is to protect the world’s increasingly connected industrial plants and production facilities”
Simon Chassar
Chief Revenue Officer, Claroty
READ MORE
“We strive to be a true business partner, not a tire sales force. We have built the MMG to become a business solutions provider”
Matt Johnson
Vice President, Maxam Mining Group
BY THE NUMBERS
Revenue Contributions of the Top 40 Mining Companies - PwC
US$123.15bn
America
US$288.63b
APAC
US$544.37bn
Total
US$132.59bn
EMEA
Did you know? 70% of participants from 100 huge mining organisations across the world believe that IoT would give them a significant advantage against competitors - Vanson Bourne
READ MORE
Shart and Connected Things It is projected that there will be an overabundance of 20 billion smart and connected things by 2021 - Gartner
READ MORE
The advantages of IoT 41% recommend that IoT would build business process automation, and almost half assure that IoT could be utilised to discover cost-saving opportunities - Vanson Bourne
READ MORE
What is Bitcoin Mining and How Does it Work?
Painstaking, costly and sporadically rewarding, cryptocurrency - despite its flaws - is appealing to many investors due to miners being rewarded for their work with crypto tokens.
How is Bitcoin Mined?
Bitcoin mining is the process of new bitcoins entering into circulation; it is critical to the maintenance and development of the blockchain ledger.
The process is performed by using sophisticated computers that can solve complex computational maths problems.
So Miners get paid for their work as auditors?
Yes - miners verify the legitimacy of Bitcoin transactions. This process is meant to keep Bitcoin users honest. It was conceived by the founder of Bitcoin, Satoshi Nakamoto. By verifying transactions, miners can help to prevent the ‘double-spending problem’, whereby a Bitcon owner could illicitly spend the same Bitcoin twice.
Once a miner has verified 1MB of Bitcoin transactions (a block), the miner is eligible to be rewarded with a quantity of bitcoin. However, this does not mean that everyone who verifies transactions will get paid.
So what conditions does a miner have to meet to get paid?
To earn bitcoins, miners need to meet two conditions: • Verify 1MB worth of transactions • Be the first miner to arrive at the right answer - or the closest answer - to a numeric problem (proof of work) KOBOLD METALS Announcing plans to develop a new major nickel, copper and cobalt project with AIMlisted Bluejay Mining, the shares of Jeff Bezos and Bill Gates-backed venture KoBold Metals skyrocketed by 25.76% at 11.7p per share.
BATT MOBILE EQUIPMENT Batt Mobile Equipment (BME) has secured a AUS$4.5mn grant to ditch diesel and produce heavyduty battery-electric vehicles for underground mines.
PIEDMONT Following a 60-day mining moratorium, Piedmont’s shares dropped by 1.3% in after-hours trading. Commissioners in Gaston County commented that the company “cannot be trusted without adequate local controls to protect the health, safety and welfare.”
BHP GROUP LTD Union of workers at BHP Group Ltd’s Escondida copper mine in Chile have rejected the final labour contract offer. BHP has requested governmentmediated talks to avoid a strike.
