Bitcoin
Shell and IBM Team up to Accelerate Digitalization in the Mining Industry
Shell and IBM (NYSE: IBM) today launched Oren, a global B2B Digital mining services marketplace platform, co-developed by the companies aimed at helping mining companies find solutions related to safety, sustainability, mine planning and operational efficiency. By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitization of the mining industry, speed up the transformation of mining workflows and build in more operational resiliency in a rapidly changing world.
As current world events disrupt regular business operations, mining companies are looking to become more agile and resilient by embedding more automated mine solutions such as self-driving haul trucks and remote operations centers in their operations. To do this, mining operations need to quickly become more digital and intelligent at every step, both within the mines and throughout the wider value chains.
Shell, a major supplier of lubricants to the mining industry, engaged with more than 350 mining businesses and identified that 80 percent of those surveyed are wrestling with similar challenges in their operations. These include: difficulty aggregating data to make actionable insights; lack of intelligent workflows due to siloed organizational working; improving sustainability; along with keeping employees safe while deploying autonomous technology.
“Mining customers can benefit from many of the digital solutions used in the energy industry, for example, those that help manage operations safely and efficiently in remote locations. We envision Oren being the one-stop digital destination for the mining sector to access the best digital solutions and technologies, not just from Shell and IBM, but also from leading and emerging companies. Being able to find and access a wide range of solutions digitally is even more important given the movement constraints faced as countries respond to Covid-19,” said Carol Chen VP, Global Marketing Lubricants Shell.
“The next push in mining requires a new approach towards industry-wide technology platforms which requires new levels of openness, innovation and collaboration. Oren accelerates the adoption of digital services in the mining industry by facilitating technology transfer, innovation and integration from solution providers across the ecosystem. For miners, this experience can help efficiently locate solutions at all levels of the organization. This can make their existing workflows more intelligent to enable their digital journeys and help them reach their long terms goals,” said Matt Candy, Global Managing Partner IBM iX.
The Oren marketplace platform allows solution developers – both established enterprise companies as well as start-ups – to get their market innovations to mining clients quickly.
Mining companies may not always have the time and budgets to invest in developing their own new tools to meet these challenges. They are looking to deploy ready-made, proven solutions to improve operations by aggregating data from different sources to create a single view of their operations in order to abstract insights and really drive action and make more informed, data driven decisions.
Oren also aims to enable mining operations to develop a roadmap designed to deliver the interconnected mine of the future by creating connected solutions that integrate and leverage data, Artificial Intelligence, Internet of Things, automation and analytics. This can give miners not only access to digital mining services but also bring solutions and services that can enable miners to imagine and build up intelligent workflows that integrate all services across the mining ecosystem.
The Oren team will bring expert support to mining companies to help build their specific digital journey roadmap while the B2B marketplace provides solutions to get things done:
- Tailored search that allows users to identify the most appropriate solutions by customizing their search parameters in relation to their responsibilities, the business challenge they are tackling or the nature of the technical solution they are seeking.
- Access to field-proven mining solutions such as; MachineMax, a cloud-based digital service for off-highway vehicles and industrials fleet optimization; Shell Remote Sense, a smart lubricant condition monitoring service delivering insights for industrial companies to optimize equipment health, lower maintenance costs and increase operational efficiency; and IBM’s Maintenance, Repair and Operations Inventory Optimization Services which helps manage spare parts inventory optimally for both critical and non-critical spares.
- Dedicated environmental management and compliance software that can provide detailed analysis and reporting on pollutant inventories, greenhouse gas emission, energy consumption, environmental impact assessment, mine rehabilitation and mine life cycle assessment. It is anticipated that one third of the solutions available on the marketplace will be related to sustainability with solutions on Oren from both large enterprise and start-ups such as Hydrox Holdings, which developed a technology to unlock inexpensive hydrogen production as a renewable energy source.
- Early adopter access for pioneering technologies that help transform mining operations. Oren will facilitate mining companies to try new solutions in their daily work and integrate them into their current systems. For example, on an operational level the trend in the mining industry is that more and more work is undertaken from control rooms. On Oren, to bring the full experience of a mine site visit to any home office, BGC Engineering will feature its Ada platform, which allows holographic visualization of mine site through a realistic 3D interactive and immersive experience. With this solution subject matter experts and non-technical stakeholders can visit a digital version of their project site any time; past, present or future.
- A searchable repository of best practice mining use cases to show the solutions in action in other mine sites. As the platform increases in use, mining companies will be able to extract insights related to technology trends applied in the industry and understand what areas the sector is investing in. This will help them determine how their own digital transformation journey is progressing. For Service providers or sellers, they can gain insights that are useful for product improvement and that can drive innovation based on what resonates with the customer base and other users of the platform.
Photo Source: pacificbitcoin.com
LQWD Technologies (TSXV: LQWD) (OTC: LQWDF) a front-runner in Bitcoin Lightning Network solutions, is pleased to announce its participation in the Pacific Bitcoin Conference 2023. This premier event is scheduled to take place in Santa Monica, CA, on October 5-6.
Representing LQWD Technologies at the conference will be CEO Shone Anstey, who will be hosting a dedicated booth.
The Pacific Bitcoin Conference serves as a nexus for knowledge exchange and networking in the realm of Bitcoin and blockchain technologies.
Those interested in attending can find more information and purchase tickets on the official event website. To arrange a meeting with the LQWD Technologies team, please reach out to [email protected].
Website: www.lqwdtech.com
Twitter: @LQWDTech
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LQWD Technologies Corp.
Leveraging its vast experience since 2017, GoMining is leading the way in bitcoin mining, providing users with an effortless and user-friendly service. Now the company has introduced the so-called North Collection.
The company’s NFT collections provide daily bitcoin rewards to holders, with their substantial fleet of real equipment installed across the globe. Continuing their successful streak after the highly acclaimed East NFT Collection, this latest release marks the next installment in a series of crypto art devoted to various regions. GoMining’s fresh North NFT Collection draws inspiration from three key references: the critical role of low temperatures in mining device operations, the restraint and resilience found in northern regions, and the empowering force driving their endeavors. These references served as the foundation for the collection’s captivating images, reflecting the core principles behind GoMining’s innovative approach to bitcoin mining.
GoMining’s new NFT series is issued on the Binance Smart Chain, utilizing the BEP-20 standard for seamless integration and accessibility. With an impressive energy efficiency rating of 35 W/TH, these NFTs ensure the quickest payback period for holders. Moreover, the NFTs offer a diverse range of computing power options, spanning from 1 to 128 TH/s, accommodating various mining requirements and preferences.
In just over two years, GoMining has achieved remarkable growth. The platform has distributed more than 2,000 BTC to holders, issued 20,000 NFTs, and elevated its overall hash power from 100,000 TH/s to an astounding 2,359,877 TH/s. This exponential progress showcases the project’s resounding success and commitment to innovation in the cryptocurrency and NFT space.
As per GoMining’s CEO Mark Zalan, the company is doing everything to offer a broad variety of options to its holders, proving its sustainability and transparent approach. “We’ve been in operation for over two years providing consistent rewards for our holders daily. All of our efforts are aimed at showing tangible infrastructure behind the product – in this case real equipment with data centers in different regions like Norway.”
GoMining remains dedicated to introducing updated versions of its NFTs, originally crafted to provide easier access to bitcoin mining. All NFT collections, such as the renowned collaboration with MMA star Khabib Nurmagomedov, combine visually stunning designs with real equipment-generated computing power, offering continuous mining rewards to their owners.
The new North collection is available here.
A new study has revealed the cryptocoins Americans want to sell the most, with Bitcoin taking the top spot.
The research was conducted by crypto gambling experts at cryptogambling.tv, who analyzed Google Trends data to establish the cryptocurrencies the US wants to sell the most out of the 24 largest cryptocurrencies by market cap, giving an average weekly search volume for the interest in selling each cryptocoin.
The study revealed that Bitcoin has the highest number of searches from Americans looking to sell this cryptocurrency. Searches to ‘sell bitcoin’ were the highest at the end of July in the United States and worldwide.
Many factors might sway someone to sell their Bitcoin, with the main reason being the current financial and economic strain many countries in the world are facing, prompting people to tap out and cut their losses. Last year the price of the cryptocoin dropped below $16,000, which highlights its downfall tremendously, and with Bitcoin’s value being based purely on speculation, it can be challenging for those who don’t know whether or not to stick with it.
Ethereum is the second cryptocoin Americans want to sell the most, with searches for ‘sell Ethereum’ being the highest in September worldwide. Although the currency is known for owning around 20% of the global crypto market, those wanting to invest tend to agree that it is one of the safest long-term coins. The current price of Ethereum is $1,458, and with the cryptocoin shifting its process from PoW to PoS, it’s predicted its supply may reduce.
XRP is the third cryptocoin Americans want to sell the most, as it is predicted that its price will be near $0.198 by the end of this year. XRP runs by RippleNet and is a low-cost coin which is excellent for those who want to begin investing; however, due to the current lawsuit proceedings with the SEC, there is a significant decrease in interest for the currency, which has undoubtedly urged investors to act fast and sell.
The fourth cryptocoin Americans want to sell the most is Dogecoin, which, although it has remained one of the top cryptocurrencies in the industry, is still not a solid investment for many investors. The coin rose over 15,000% over 2021, and for a cryptocoin which was created as a joke when it first began, it has truly exceeded expectations. Many avoid investing in Dogecoin due to its price volatility, no supply limit, and not being as widely accepted as other competing coins; these are reasons why many also want to sell.
Shiba Inu is the fifth cryptocoin that Americans are looking to sell, and while the coin is top-rated, it is advised that those looking to invest should not use it as a long-term investment. The coin is down almost 92% since 2021, but many investors hope it will still go up in time as it is currently at over 589 trillion.
An expert at cryptogambling.tv commented: “The cryptocurrency market is forever fluctuating, and with the increase in economic stress worldwide, it can be an uncertain and nerve-racking time for those hoping to make sound investments in the crypto world.
“This study offers an interesting insight into which cryptocoins Americans currently want to sell, with Bitcoin being the most popular to sell.”
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