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ASX
to fall, Nvidia rebounds as investors buy the sell-off
- Jun 26, 2024 (The Australian Financial Review)
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Mining
News
Mining
industry critical to future energy transition
Breton
Technology Middle East and Australia Chairman Lance
Kawaguchi says the mining industry is critical
to the future energy transition.
A
prominent tech and manufacturing company is pushing
the boundaries of sustainable mining globally through
the deployment of battery-electric machinery and advanced
autonomous technology.
Our
mission is to try to do our part to be sustainable,
Mr Kawaguchi told Sky News Australia.
What
we are trying to do is to find solutions ... to still
be able to mine but reduce the carbon footprint and
energy consumption.
Media
Man: Sky's the limited with the right resources, media
and business associates, vision and hard and smart
work!
News
Mining
via Grok
Mining
is an essential industry that involves the extraction
of valuable minerals or other geological materials
from the Earth. Here's an overview based on general
knowledge and contemporary information:
Methods
of Mining:
Underground
Mining: Used for deep mineral deposits. This method
involves creating shafts or tunnels to reach the ore.
It's more expensive and can be hazardous but is necessary
for high-value minerals located deep underground.
Open
Surface (Pit) Mining: Best for minerals located near
the surface. This method creates an open pit to extract
the ore. It's generally safer and less expensive than
underground mining when the ore body is near the surface.
Placer
Mining: Utilizes water to extract minerals, typically
gold, from sediments in river channels or other alluvial
deposits.
In-Situ
Mining: Involves dissolving the mineral resource in
place using chemicals and then processing it at the
surface without moving the rock. This method is often
used for uranium.
Environmental
Impact:
Mining
has significant environmental impacts:
Land
Disturbance: Open pits, spoil heaps, and tailings
change landscapes dramatically, often leading to deforestation
and habitat destruction.
Water
Pollution: Mining can lead to acid mine drainage,
where acids and heavy metals leach into water sources,
which is harmful to aquatic life and human health.
Air
Pollution: Dust from mining operations can affect
air quality, and processing some ores releases harmful
gases.
Rehabilitation:
Modern mining practices often include plans for land
rehabilitation post-mining, though the success of
these efforts can vary widely.
Technological
and Economic Aspects:
Technology:
Modern mining uses advanced technology for exploration
(like satellite imagery, geophysical methods), extraction
(automated machinery), and processing (bioleaching,
for instance).
Economics:
Mining can be extremely lucrative, driving economic
growth in many regions. However, the volatility in
mineral prices can lead to boom-and-bust cycles in
mining-dependent communities.
Energy
Transition: There's an increasing focus on mining
due to the demand for minerals critical for renewable
energy technologies (like lithium for batteries).
Social
and Political Dynamics:
Labor:
Mining often employs significant numbers of workers,
but conditions can be tough, leading to labor disputes.
Automation in mining aims to reduce human risk but
also affects employment.
Community
Impact: Mining operations can bring development to
remote areas but also social displacement, health
issues, and conflicts over land use and water rights.
International
Relations: Countries rich in resources can become
focal points for international partnerships or competition,
as seen with rare earth elements or, historically,
with uranium, like the recent interest in Niger's
uranium by countries like Turkey.
Bitcoin
and Cryptomining:
Unlike
traditional mining, cryptocurrency mining involves
solving complex mathematical problems to validate
transactions on the blockchain, which requires significant
computational power and energy. Recent X posts highlight
a growing intersection between digital and physical
mining worlds through themes like Bitcoin mining games
and the environmental debate around the energy consumption
of crypto mining.
This
overview captures the multifaceted nature of mining,
from its methodologies to its broader implications
on society, technology, environment, and global politics.
(Grok)
News/Profile
via Grok
Mining
Industry
The
mining industry continues to evolve, influenced by
various economic, environmental, technological, and
regulatory factors:
Technological
Advancements: The industry is seeing a push towards
automation and the use of advanced machinery, aiming
for efficiency, safety, and reduced environmental
impact. Technologies like autonomous drilling systems,
AI for exploration and mine planning, and IoT for
real-time monitoring of equipment are becoming more
common.
Environmental
Concerns and Sustainability: There's increasing pressure
for the mining industry to adopt more sustainable
practices. This includes efforts to reduce water usage,
lower emissions, rehabilitate mined lands, and use
renewable energy sources in mining operations. The
concept of "green mining" is gaining traction,
where the focus is on minimizing the environmental
footprint throughout the lifecycle of a mine.
Regulatory
Changes: Governments around the world are updating
mining laws to boost growth while ensuring environmental
protection and community rights. For instance, as
seen in posts on X, Indonesia has updated its mining
regulations to streamline operations but also to ensure
compliance and environmental protection.
Demand
for Critical Minerals: The rise in demand for electric
vehicles and renewable energy technologies has shifted
focus towards minerals like lithium, cobalt, nickel,
and copper. These are crucial for batteries and electronics,
leading to what might be described as a new mining
boom for these specific resources.
Economic
Impact and Market Dynamics: The mining sector's health
often serves as a barometer for global economic activity.
Recent sentiment, as reflected on platforms like X,
indicates optimism with expectations of increased
investment in the sector, though there are calls for
more favorable conditions like lower power tariffs
and stable policies.
Supply
Shortfalls: There's growing concern over supply shortfalls
for several key metals due to insufficient current
mining output to meet the rising demand, especially
for those used in high-tech products and green technologies.
Investment
and Expansion: The industry is looking at significant
expansion, with equipment industries related to mining
expected to grow by a substantial margin. This growth
is driven not just by traditional mining but also
by the need for new mines to meet the demand for metals
critical for the tech and green industries.
Global
Perspective: While the U.S. remains a significant
player, countries like Australia, with its gold rushes
in the past, and now regions in Africa and South America,
are central to the global supply of various minerals.
The strategic importance of mining in national economies
and for global supply chains continues to be a focal
point in geopolitical discussions.
Social
License to Operate: Mining companies are increasingly
aware of the need for a social license, meaning gaining
community and societal approval, not just regulatory
permits. This involves better engagement with local
communities, more transparent operations, and contributing
positively to the areas they operate in.
Remember,
while these insights reflect general trends and sentiments,
the mining industry's specifics can vary greatly by
region, the mineral in question, and current global
economic conditions. Always consider the latest reports
and local news for the most current state of affairs
in the mining sector. (Grok)
News
Bitcoin
Mining Profile And News via Grok
Bitcoin
mining is the process by which new bitcoins are entered
into circulation, but it's also a critical component
of the maintenance and development of the blockchain
ledger. Here's a simplified overview of how it works:
Transaction
Verification: Miners collect transactions broadcasted
to the network into a block. They verify that these
transactions are legitimate according to the rules
of the Bitcoin network (e.g., checking for double-spending).
Creating
a Block: Once a set of transactions are verified,
they are added to a block. Each block contains a reference
to the previous block, forming a chain (hence, blockchain).
Proof
of Work: Miners must solve a complex mathematical
puzzle that requires significant computational power.
This puzzle is essentially finding a hash that meets
certain criteria (the hash must start with a certain
number of zeros). The difficulty of this puzzle adjusts
to ensure that a new block is mined approximately
every 10 minutes.
Hash:
A hash is a function that converts an input of letters
and numbers into an encrypted output of a fixed length.
In Bitcoin, the SHA-256 hashing function is used.
Finding
the Solution: The first miner to solve the puzzle
gets to place the next block on the blockchain and
claim the rewards. This process involves a lot of
trial and error, with miners adjusting a value called
the "nonce" in the block header to try to
produce a hash that meets the criteria.
Rewards:
The successful miner is rewarded with:
Block Reward: A set amount of newly minted bitcoins.
This reward halves approximately every four years
in what's known as the "halving." As of
my last update, the block reward was 6.25 bitcoins,
but by 2024, it would have halved again if the schedule
continued as planned.
Transaction Fees: All the transaction fees from the
transactions included in the block.
Energy
Consumption: Bitcoin mining is notorious for its energy
consumption due to the computational power required
for proof of work. This has led to discussions about
the environmental impact of Bitcoin.
Mining
Pools: Because the probability of mining a block solo
has become very low due to the network's total computational
power, many miners join mining pools. Here, miners
combine their computational resources and share the
block rewards according to the amount of work they
contributed to the probability of finding a block.
Equipment:
Over time, mining has evolved from using CPUs to GPUs,
FPGAs, and now ASICs (Application-Specific Integrated
Circuits), which are designed specifically for mining
and offer significant efficiency improvements.
Decentralization
and Security: The mining process helps to secure the
network by making it economically infeasible to attack
or alter the blockchain. For an attacker to change
any part of the blockchain, they would need to redo
the proof of work for all subsequent blocks and outpace
the honest nodes, which is impractical without controlling
more than 50% of the network's mining power.
Since
we're now in 2024, if there have been significant
changes or updates to Bitcoin mining practices, technology,
or regulations since my last update, those would be
worth checking out for the most current information.
Would you like me to search for any recent developments
in Bitcoin mining? (Grok)
#Mining
#MiningNews #MiningIndustry #MiningStocks #Energy
#Resources #Technology #Innovation #Blockchaing #Bitcoin
#BTC #newsfeed #newsfeeds #newswire #Grok #MiningPR
#PR #News #media #mediaman #mediamanint #XMining

Trump,
Biden reports rock chip sector
July
17, 2024
A
pair of developments sparked by the current president
and his 2024 challenger sent shudders throughout the
chip sector today.
Why
it matters: The industry most crucial to defense and
the AI revolution continues to be squeezed on multiple
sides as demand continues to outpace supply.
Driving
the news: Former President Trump chided Taiwan in
a Bloomberg interview published yesterday for taking
away U.S. chip manufacturing and using the U.S. as
an "insurance policy" against China.
Overnight,
a separate Bloomberg report suggested that the Biden
administration is considering putting into place severe
U.S. trade restrictions on advanced chip technology
to China that could be imposed on several foreign-made
products.
Zoom
in: The administration is facing pressure from domestic
companies that feel disadvantaged by existing U.S.
trade restrictions. Now it's attempting to sway allies
to limit their own companies from continuing to supply
China with advanced semiconductor technology, Bloomberg
noted.
The
intrigue: Chip stocks were pummeled across the globe
today (Nvidia, AMD, Qualcomm among them), alongside
some Big Tech names including Meta and Apple.
The
tech-heavy Nasdaq closed down 2.8% to its worst level
since December 2022.
Analyst
Jim Lebenthal of Cerity Partners speculated on CNBC
today, however, that some investors may be using the
news as an excuse to take profits.
What
we're watching: ASML shares fell more than 12.7% today
despite issuing better-than-expected bookings for
its machines in its last quarter.
TSMC,
which closed down about 8%, is scheduled to release
its latest earnings report tomorrow morning. (AXIOS)
Full
coverage via subscription to AXIOS
Artificial
Intelligence: The big picture
https://axios.com/technology/automation-and-ai
Big
Tech: The big picture
https://axios.com/technology/big-tech
AXIOS
is a former Media Man 'News Outlet Of The Month' winner
and finalist
Media
Man Int
Media
Man Int X

Elon
Musks X Files Antitrust Suit Against Global
Advertising Alliance
August
6, 2024

Elon
Musks social media platform X has launched a
significant antitrust lawsuit against the Global Alliance
for Responsible Media (GARM) and several of its member
companies, alleging an illegal ad boycott that targeted
the platform. The lawsuit, filed in Texas, is aimed
at GARM, its parent firm World Federation of Advertisers
(WFA), and members including CVS Health, Mars, Orsted
and Unilever.
In
an open letter to advertisers, X CEO Linda Yaccarino
highlighted the reasons behind the lawsuit, stating
that it was a direct response to GARMs actions
which allegedly cost the company billions of dollars.
This is not a decision we took lightly, but
it is a direct consequence of their actions,
Yaccarino wrote. The illegal behavior of these
organizations and their executives cost X billions
of dollars per The New York Post.
The
lawsuit is seeking trebled compensatory damages and
injunctive relief, according to a complaint viewed
by The New York Post. GARM, led by Robert Rakowitz,
is an initiative of the WFA, which represents many
of the worlds largest companies and ad organizations,
including Disney and Coca-Cola. Its members control
90% of global marketing spending, nearly $1 trillion
per year.
Yaccarino
emphasized that the issue extends beyond financial
damages. This case is about more than damages
we have to fix a broken ecosystem that allows
this illegal activity to occur, she added.
According
to The New York Post, the suit argues that the boycott
undermined the marketplace of ideas by financially
harming certain viewpoints over others. (Credit: PYMNTS)
Full
article and coverage via PYMNTS
https://pymnts.com/cpi-posts/elon-musks-x-files-antitrust-suit-against-global-advertising-alliance/
PYMNTS
is a former Media Man 'Business News Outlet Of The
Month' award winner and finalist
News
Elon
Musk takes GARM, several companies to court over alleged
advertising boycott of X outlined in bombshell report
August
7, 2024

Tech
billionaire Elon Musk has taken several companies
and an advertising alliance to court over allegations
of a "boycott" of X.
Elon
Musk has waged war against advertisers
as his social media platform X filed an antitrust
lawsuit against a global ad alliance and several major
companies, accusing them of illegally boycotting the
site.
X
filed a suit in a federal court in Texas against the
World Federation of Advertisers (WFA), the Global
Alliance for Responsible Media (GARM) and its members
CVS Health, Mars, Orsted and Unilever.
The
suit comes after a report from the US House of Representatives
Judiciary Committee found GARM and its members directly
organised boycotts and employed other indirect
tactics to target disfavoured platforms, content
creators and news organisations to demonetise
them.
It
alleges that GARMs boycott led advertisers to
pull money from X under the guise of brand safety
concerns.
Xs
CEO Linda Yaccarino argued this tactic hindered users
on the social media platform from accessing a wide
breadth of ideas by funding alternative viewpoints.
The
consequence - perhaps the intent - of this boycott
was to seek to deprive Xs users, be they sports
fans, gamers, journalists, activists, parents or political
and corporate leaders, of the Global Town Square,
she wrote.
To
put it simply, people are hurt when the marketplace
of ideas is undermined and some viewpoints are not
funded over others as part of an illegal boycott.
Mr
Musk shared his colleagues statement to the
platform and boldly declared: We tried peace
for 2 years, now it is war.
He
later encouraged any company who has been systematically
boycotted to file a suit.
Following
his post, video sharing platform Rumble joined Mr
Musks lawsuit, claiming it has also been impacted
towards GARMs alleged skew away from right wing
voices and ideologies.
The
platform announced its move on X where it accused
GARM of being a conspiracy to perpetrate an
advertiser boycott of Rumble and others, and that's
illegal.
Since
Musk took over the social media platform in October
2022, X has suffered a serious dive in ad dollars
with the platform taking in US$2.5 billion in 2023,
according to Bloomberg.
This
was down from the US$1bn it was bringing in every
quarter of 2022.
Musk
triggered controversy again in November 2023 when
he endorsed an anti-Semitic conspiracy theory that
Jewish communities push hatred against whites.
The
X owner responded: You have said the actual
truth, sparking an advertiser exodus that was
reported to have lost the company as much as $75m,
per The New York Times.
He
made headlines again in the same month after blasting
advertisers boycotting the social media platform,
boldly declaring: Go f**k yourself.
If
somebody is going to try to blackmail me with advertising,
blackmail me with money, go f**k yourself. Go f**k
yourself. Is that clear? I hope it is, he said.
(Sky News Australia)
Full
article and coverage via Sky News Australia
https://www.skynews.com.au/business/media/elon-musk-takes-garm-several-companies-to-court-over-alleged-advertising-boycott-of-x-outlined-in-bombshell-report/news-story/7bac6243aada770042d14ca84afc23e7
Technology
News (Media Man Int) https://mediamanint.com/news3.html
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News (Media Man Int) https://mediamanint.com/advertising_news.html
Media
News (Media Man Int) https://mediamanint.com/news2.html
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Finance wins Media Man 'Business News Outlet Of
The Month' award

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wins Media Man 'Businees News Outlet Of The Month'
award


Market,
Commodities and Financial News Snapshot via Media
Man
August
7, 2024
Australian
Dollar: $0.6520 USD (up $0.0024 USD)
Iron
Ore Sep Spot Price (SGX): $102.85 USD (down $0.70
USD)
Oil
Price (WTI): $72.96 USD (down $1.02 USD)
Gold
Price: $2,389.45 USD (down $19.96 USD)
Copper
Price (CME): $4.0095 USD (up $0.0085 USD)
Bitcoin:
$56,485.71 USD (up 3.10% in last 24 hours)
Dow
Jones: 38,997.66 at 5.02pm NY time (up 294.39 points
on yesterday's close)
(Roy
Morgan Summary)
Bitcoin
drops 10pc as rout deepens
August
5, 2024
Bitcoin
is under pressure from a bout of risk aversion in
global markets that saddled the largest digital asset
with its heftiest weekly loss since the collapse of
the FTX exchange in 2022.
The
original cryptocurrency sank more than 10 per cent
at one point before paring some of the decline to
trade at $US54,333 ($83,590). The token lost 13.1
per cent in the seven days through Sunday, the most
since the FTX bankruptcy period. Smaller tokens such
as ether and meme-crowd favourite dogecoin also nursed
heavy losses.
The
declines come as a global stock sell-off intensifies,
reflecting concerns about the economic outlook and
questions over whether heavy investment into artificial
intelligence will live up to the hype surrounding
the technology. Geopolitical tension is rising in
the Middle East, adding to investor skittishness.
Bitcoin
exchange traded funds in the US suffered their largest
outflows in about three months on August 2. The digital
asset has also tumbled through its 200-day moving
average price.
The
latter technical chart pattern opens the way
for a deeper pullback towards $54,000, Tony
Sycamore, market analyst at IG Australia, wrote in
a note.
Bitcoin
has been buffeted by a range of factors since hitting
a record of $US73,798 in March, including shifting
political fortunes in the US as pro-crypto Republican
Donald Trump and his Democratic opponent, Vice President
Kamala Harris who has yet to detail a digital-asset
policy stance lock horns in the presidential
race. (AI News, Wires)
Chip
Maker/Tech Stock News
Nvidia
suffers biggest loss in world history after $646 billion
bloodbath
"This
is a concern"
June
27, 2024
The
AI and microchip company has lost 13 per cent in valuation
in the past three days.
Nvidia
stock has fallen for the third consecutive day and
the company has entered the history books as a result.
The AI technology and microchip giant's value has
seen an incredible climb since 2023 and last week
became the world's biggest and most valuable company
in terms of market capitalisation.
But
since then it has been an absolute bloodbath. Shares
dropped 6.7 per cent in value on Monday, which takes
the total three-day value drop to 13 per cent, or
$646 billion (USD$430 billion).
Not
only was the 6.7 per cent fall the largest single-day
plummet since April, but it's also the biggest three-day
value loss for any company in history, according to
Bloomberg.
Even
with the slump, Nvidia remains up nearly 140 per cent
this year, making it the second-best performer among
S&P 500 Index components, behind Super Micro Computer,
another favourite AI play.
The
stock suffered a drawdown of about 20 per cent earlier
this year, although it quickly returned to all-time
highs.
While
investors have flocked to Nvidia given the sky-high
demand for its chips used in AI processing, the scale
of Nvidias rally it soared about 240
per cent over the course of 2023 has underlined
concerns about its valuation.
The
stock trades at 21 times estimated sales over the
next 12 months, making it the most expensive in the
S&P 500 by this measure. Still, it remains well
liked on Wall Street. Nearly 90 per cent of the analysts
tracked by Bloomberg recommend buying, and the average
analyst price target points to an upside of about
12 per cent from current levels.
The
momentum in Nvidia and AI stocks, in general, has
been staggering, said Charlie Ashley, portfolio
manager at Catalyst Funds. In terms of investing,
I would not be a contrarian right now. (AI News,
Bloomberg, Wires, Yahoo!)
Videos
via Yahoo! Finance
It's
Nvidia's market, and we're all just trading in it,
Steve Sosnick says (Yahoo! Finance) June 26, 2024
Why
Nvidias rise is similar to the dot-com bubbl
(Yahoo! Finance) - June 27, 2024
Gold
price all-time highs: 'Not trusting central banks'
is main driver, strategist says (Yahoo Finance) -
April 2024

Media
agency sees big growth potential and future in niche
sectors; Local business, Blockchain, bitcoin, movie
promotion, video games, sports and art
Niche
media, marketing and media campaigns the way to go
says Media Man agency
Personal
technology on Media Man agency radar; Business ramping
up across Sydney's eastern suburbs says Media Man
agency
Online
newspapers; News apps way of the future, says Media
Man agency - September 2017

Wrestling
war moves to videogaming, eSports arena! Enter NWA
themed RetroMania to tackle WWE 2K20; AEW hot on the
trail with Omega's Japanese based gaming connections
says Media Man agency
SMH,
The Age cover Right To Know
Maroubra
Seal photo published by Randwick Council social media;
Media Man reports local photographer feeding frenzy
Newspapers
vs Online Newspapers vs websites vs social media,
YouTube et al
Online
betting wars: CrownBet vs TAB vs William Hill vs Ladbrokes
vs Ned's vs Sports Bet and others... Australia wide
and global betting battle on the way
Media
Man Technology Twitter
News
Sydneys
eastern beaches VS The Red Centre Alice Springs;
A media entrepreneurs perspective and experiences,
By Greg Tingle
Advertising,
Promotions, Publicity: Special rates for Bondi Beach,
Bondi Junction, Coogee, Maroubra Beach and Maroubra
Junction; Sydney, Australia
Tom
Hardy 'up for playing' James Bond
Four
leadership lessons from Virgin Group's Sir Richard
Branson
Big
Brother is watching and reading your emails - 8th
September 2015
New
'safe' screens a selling point
Technology
companies in Australia using human statues, bodypainting
and bodyart for campaigns
Business
winners and losers for 2013 - 27th December 2013
Human
Statue Bodyart returns to number 1 position in internet
rankings for Australia: Sydney, Melbourne, Brisbane,
Adelaide and Canberra; Media Man internet and new
media strategy pays off for creative arts agency
Media
Man Launches More Website Portals
Facebook
most buzzed topics for 2013
Human
Statue Bodyart human statues popular for corporate,
business and branding events
Sir
James Dyson puts on Dyson product launch with a difference:
Sydney, Australia - 19th Feb 2013
Positive
predictions from bwin.party - 10th January 2013
Gaming
Executives join forces to offer operators dynamic
new ways to use social media in order to retain and
reactivate players
Hollywood
And AussieWood Celebrity News, Wrestling, WWE Et Al
- 13th March 2012
Profiles
Mobiles
Kym Illman Blogs
Portals
PPVs
Paul
Budde
Cheap
Mobile Rates Cheap
Mobile Plans Mobile
Telephone News
Broadband
Google
Search
Engines
Gaming
BuddeComm
- news, reports, analyses, industry information
Sydney
Morning Herald: Technology
StreamingMedia.com
ZDNet
Australia
Messages
On Hold
Digital
Media World
InternetNews.com
Australian
IT
National
Office for the Information Economy (Australia)
IT
News Australia
cNET
Wired.com
Kym
Illman official website - founder of Messages
On Hold - author of The Future Is Customer Service
Interviews
Interview
- Craig Newmark, Founder, Craig's List - 24th November
2003
Interview
- Dan Rayburn, CEO, Streaming Media - 26th October
2003
Interview
- Bob Bemer, Computer Pioneer - 18th August 2003
Articles
Making
a million dot com
When
will spam be banned?
SingTel
won't confess its sins - 7th December 2004
Core
activities at Kings Cross - 1st December 2004
Letters
To The Editor
Letter
to The Editor - Soapbox - Facts From The Media Man
- 26th November 2004
Inbox
- Overconnected, by Greg Tingle - 2nd November 2004
Advertising
Online
Advertising News
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