Discover and read the best of Twitter Threads about #Mining

Most recents (24)

#Ethereum to the moon or magma? The #EthereumMerge explained

The Merge is joining #ETH's new Beacon Chain proof-of-stake consensus layer with its current execution layer, the Mainnet we use.
Instead of employing energy-intensive mining, it uses staked #ETH to secure the network.
This is an exciting step toward reaching greater scalability, security, and sustainability, which are Ethereum's central vision.
The proof-of-work has secured the Ethereum #blockchain since the genesis block in July 2015.
Ethereum launched with a proof-of-work(#PoW) consensus algorithm in 2015; Throughout Ethereum's history, developers have been hard at work preparing for an eventual transition from proof-of-work to proof-of-stake. Finally, On December 1, 2020, the Beacon Chain was created.
Read 9 tweets
1/x What makes quality #mining deposit❓

Summary of Mines vs Mineralisation research paper.

Four key elements that need to work together:
1. Social Licence
2. Geological Factors
3. Financial engineering
4. Operating factors

Geology underpins linkages between the elements.
2/x For mineral deposit to be economic it must able to meet challenges related to high energy costs or even social license to operate.

i.e. Significant size and grade in a stable geographic location are important.
3/x As an investor it is really important to define what such project looks like in terms of dimensions, grade, depth, location etc.

It will help you to pick right companies to invest!

This is also critical for management teams and geos...define what you are looking for 🙏
Read 7 tweets
1) The #Uranium #mining #stocks #investing thesis in a nutshell🥜🧵 is that after Fukushima the price of #U3O8 sank, new mine projects were cancelled, many mines closed, investment dropped 💰⤵️ as investors thought "#Nuclear #energy is dying"🪦 but they were wrong!✖️😯 .../2👇
2) #Nuclear #energy has actually been growing steadily over past decade so that #Uranium demand today is back where it was before Fukushima.🌞⚛️🏗️↗️ A #Nuclear renaissance has been quietly underway for years but few have noticed🤷 and it's set to grow for years to come! .../3👇
3) Rising #Nuclear demand🌞⚛️🏗️⤴️ as #Uranium supplies declined⛏️⤵️ has led to a massive mined supply deficit⏬ estimated earlier this year by industry consultants at ~65M lbs #U3O8 in 2022, partially offset by ~20M lbs of Secondary Supply from other non-mined sources.⛏️.../4👇
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China Q2 GDP data:
Q2 GDP YoY +0.4%[Est.+1.0%;Prev.+4.8%]
Q2 GDP QoQ -2.6%[Est.-1.5%;Prev.+1.3%]
#China #GDP #EconTwitter 🇨🇳
More data will be updated in this thread.
China' June urban surveyed unemployment rate 5.5%[Est. 5.7%; Prev. 5.9%]
Jan-June urban fixed investment +6.1% y/y [Est.+6.0%;Prev.+6.2%]
June industrial value-added +3.9% y/y [Est.+4.1%;Prev.+0.7%]
June retail sales +3.1% y/y [Est.0%;Prev.-6.7%]
#China #GDP #EconTwitter 🇨🇳
In June, #China's total retail sales were recorded at 3.87 trillion yuan, up 3.1% y/y or up 0.53% m/m.
Among them, retail sales of goods were 3.50 trillion yuan, which rose by 3.9% y/y; The total revenue for the catering industry was 376.6 billion yuan, down 4.0%.
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Torna #Versus: una questione, due punti di vista, due interlocutori. Questa volta mettiamo a confronto due esperti sul tema delle #materieprime e degli #investimenti nelle industrie che si occupano di estrarle (#mining) #diversamentefinanza #finanza
un tema caldissimo in questo periodo, su cui è altrettanto alto il rischio di “buttarsi” senza rete.

Buona lettura
Please unroll @threadreaderapp
Read 3 tweets
As an Irish citizen of a Constitutional Republic - I am yet again appalled this morning by what I witnessed this Government do to the #Oireachtas in the making of #legislation - facilitated today by @smytho a Minister of State in #DECC from @greenparty_ie - details below👇
On 14 June in 2nd stage debate on a bill on #CircularEconomy & #Mining the Minister flagged in less than 6 lines of words - a major scope change to the bill for "essential amendments on Committee Stage in this House to address some urgent matters concerning energy capacity" BUT👇
17 days later the Government:
😡Had not briefed even informally the JOC HLGH responsible for Planning or the JOC Env & Climate Action responsible for the EPA on the changes
😡Had not ensured a copy of the amendments was on the Oireachtas website for today's debate on them
Read 15 tweets
Instead, we decided to mention just a few in order to conjure up the amazing diversity of this slot type.

Let’s start with...

legendary Microgaming and its latest addition to the world’s largest Progressive network. Developed by Triple Edge Studios #MinionsTheRiseOfGru #mining… Mega Moolah is loaded with whimsical symbols, Rolling Reels™, an increasing multiplier trail, and a coveted Bonus Wheel that hides Mini, Minor, Major, and Mega Jackpots!

If you’re one of those who believe RTG makes the best slots, then take a look at… Sweet 16. A true paradise for everyone with a sweet tooth, it offers a mouthwatering assortment of your favorite treats and features including expanding wilds, multipliers, as well as morphing symbols!
Read 7 tweets
On June 3, the #SupremeCourt directed that every protected forest, national park and wildlife sanctuary in the country should have a minimum 1 km eco-sensitive zone (ESZ), from their demarcated boundaries. 1/6

#FRA2006 #ecosensitivezone…
A few environmentalists have welcomed the order, others found it unscientific. There were also huge protests against the verdict by farmers organisations in Kerala. The eco-sensitive zones are declared to create a “shock absorber” for the protected areas. 2n
Apart from prohibiting commercial #mining, establishment of major hydroelectric projects, activities related to tourism; there are restrictions on many activities like tree felling, establishing hotels, movements of vehicles at night, ground water harvesting and so on. 3n
Read 6 tweets
A thread on if #BTC #mining is for you. I mine through @compass_mining and can provide real world averages on TH/s numbers with downtimes, electricity outages, pool fees, maintenance, etc.
With my machines, I use @f2pool_official and average .00000483 #bitcoin per each TH/s per day. So a 96 TH/s machine averages .00046363 BTC per machine per day. A 100 TH/s machine averages .000483 BTC per machine per day.
If you started mining on August 1, 2022 with a 110 Th/s machine (taking into account an estimated May 4, 2024 halving), it would take 3123 days to mine 1 bitcoin. 8.77 years. 105.24 months.

*my model does NOT take into account future increases in network difficulty.
Read 9 tweets
1/14)#Uranium #mining #stocks have been thrashed by global market meltdown⏬ but U #investing thesis👨‍🏫 is most bullish in 4 decades!🤠🐂 This🧵will bring U up to speed🏇 on how a record U supply deficit⤵️⛏️ is colliding💥 with a global #Nuclear #Energy Renaissance⤴️🌞🏗️⚛️ 🌊🏄‍♀️👇2
2)Entering 2022, #Nuclear fuel consultants UxC & TradeTech estimated 200M lbs of #Uranium demand versus just 135M lbs of mined supply🔀 for a ~65M lbs primary deficit.↕️ #Nuclear utilities are drawing down inventory & relying on ~20M lbs of Secondary Supply to fill the gap.⛏️👇3
3)But then #Russia invaded #Ukraine🪖 turning global #Nuclear fuel market on its head.🙃 Russia's 39% of global enriched #Uranium, 27% conversion & 14% of mined U supply have been disrupted by US & EU sanctions, shipping bans & self-sanctioning by western utilities🇷🇺⚛️⛏️⛔️🇺🇸🇪🇺👇4
Read 14 tweets
1/19) #Uranium - a Tutorial👨‍🏫 walking U thru the #Nuclear fuel cycle, what it is, the stages & issues involved, so U can understand the term that has every Uranium investor smacking their lips today: Overfeeding!😋 Here's a thread that I hope gives U some key insights.🌞⚛️⛏️🧵👇2
2) #Uranium is a very different fuel than #coal & #gas that are burned "as is" in #electricity power plants.🏭⚡️ #Nuclear reactor fuel needs to be specially processed & then loaded into fuel rods that are then loaded into reactors to generate #CarbonFree electricity.🌞⚛️⚡️👇3 Image
3) Mined #Uranium⛏️ is processed into drums of Yellow Cake #U3O8🛢️ that in the west are shipped🚢🚛 to plants in Canada, US & France for "Conversion" into a new form called #UF6 which is then shipped in cylinders🚛 to plants in US & Europe for "Enrichment" into reactor fuel.⚛️👇4 Image
Read 19 tweets
Africa should take full advantage of current elevated prices to cash in on mineral wealth: The African continent is home to substantial reserves of #copper and #cobalt (in the Democratic Republic of the Congo—DRC—Zambia, South Africa and Zimbabwe), #diamonds (in Botswana and…
Angola), #platinum (in South Africa and Zimbabwe), #uranium (in Namibia, Niger and South Africa), #gold (in Ghana, South Africa and Sudan), #iron (in South Africa), #manganese (in South Africa, Gabon and Ghana), bauxite (in Guinea), #lithium (in Zimbabwe), #coal (in South Africa
and Mozambique), #naturalgas (in Algeria, Egypt and Nigeria) and #petroleum (in Nigeria, Angola, Algeria and Libya).
Read 8 tweets

CJI NV Ramana: there needs to be a level playing field for coal mines in bellary etc. On halting the unchecked excavation in Karnataka's 3 mining areas , the situation has worked out well. But situation has now changed
SC: We are of the opinion that 2011 order deserves to be relaxed and the e-auction is receiving low response. Thus restriction on sale of iron ore needs to be lifted ! #coalmining
SC: Export of iron ore is also allowed subject to Govt of India terms and conditions. #ironoremining
Read 5 tweets
#MCProOpinion: Banks’ results for the March quarter have been excellent, but operating profit growth has hit a soft patch. What can boost their profits in FY23? 🤔

Find out ⏬…

by @aparnaviyer02 | #Economy #Bank
#MCProOpinion: The Rupee can weaken further in the near term, but there is something that can save the day over the medium term.

Read at:…

#Rupee #Inflation
#MCProOpinion: The impact on the global economy due to China’s zero-COVID policy is just a preview of the disruptions ahead. And that will happen once the economic slowdown in China starts to bite.

Read at:…

by @SaibalDasgupta | #China #Economy #Lockdown
Read 5 tweets
#UST tanked like shit. #Terra is in a crisis. But do you know the initial plan for long-term #LUNA growth?

Here's part 2 of the breakdown on Terra Luna whitepaper. 10x your #crypto understanding in 5 minutes.

Let's dive in. 🧶 1/n
In our last breakdown, we talked about how maintaining #stablecoins liquidity and stablecoins peg are key to preserving global purchasing power.

We have discussed the magic mechanisms that preserve liquidity and peg. However, we stopped at a key problem. 2/n
Short term volatility of #UST is now transferred to long term volatility of #LUNA!

We then hinted at a math sorcery that will preserve LUNA's long term stability.

But before we dive into details of math sorcery, we need to talk about something else. 3/n
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1)The #Uranium #mining #stocks #investing thesis👨‍🏫 in May 2022 is now the most bullish it's been in 4 decades!🤠🐂 Here's a thread to bring you up to speed🏇 on how a record Uranium supply deficit⤵️⛏️ is colliding💥 with a global #Nuclear #Energy Renaissance.⤴️🌞🏗️⚛️ 🌊🏄‍♀️🧵4U👇2 Image
2)Entering 2022, #Nuclear fuel consultants UxC & TradeTech estimated 200M lbs of #Uranium demand versus only 135M lbs of mined supply for a ~65M lbs deficit for many years to come.↕️ #Nuclear utilities draw down inventory & rely on ~25M lbs of Secondary Supply to fill gap⛏️👇3 ImageImage
3)Then to make matters worse, #Russia invaded #Ukraine🪖 turning the #Nuclear fuel market on its head.🙃 Russia's 39% of global enriched #Uranium, 27% conversion & 14% of mined U supply are a target of emerging US & EU import bans & self-sanctioning by western utilities🇷🇺⛏️⛔️👇4 Image
Read 13 tweets
Read this about Bitcoin Mining, the network's block rewards & issuance rate.

I did these calculations which took some time. A retweet would be much appreciated😂

90% of the Total BTC has been mined and the last Bitcoin is expected to be mined in the year 2140.
What is Bitcoin Mining?

Bitcoin mining is how new coins come in circulation. It's also how our transaction on the BTC network are verified.

As the Bitcoin blockchain uses the Proof-of-Work consensus algorithm, Mining is done by solving a complex computational math problem.
No advanced math is really involved. What miners are actually doing is trying to be the first miner to come up with a 64-digit hexadecimal number (a "hash") that is less than or equal to the target hash.

It's basically guesswork.

It's hard as there's over a trillion guesses.
Read 10 tweets
L’heure du #RevoTips : sécuriser la prescription sur ses opérations relatives aux #cryptomonnaies.

Détenteurs de #cryptos, pensez formaliser au moins une opération de plus-value taxable (régime #PVAN) sur l'année 2021 ! ✍️
En principe, l'administration dispose d'un délai de 3 ans pour contrôler vos revenus #cryptos.

Ce délai peut être étendu à 10 ans dans 2 cas :
Cas n° 1
👉Omission de déclaration des comptes financiers ouverts à l'étranger
🤔Ok, mais c'est un compte #crypto...
👉Les comptes #cryptos, sous conditions (possibilité d'avoir du #fiat) entrent dans la définition des comptes financiers
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🔔What are NIPoPoWs?

This thread is intended to describe and simplify one particular innovation on the #Ergo #blockchain: NIPoPoWs.

#NiPoPoW stands for Non-Interactive Proof of Proof of Work. Let’s break this down one piece at a time.

PoW sitting at the end of #NIPoPoW signifies that this concept is grounded in a proof of work consensus mechanism

Ergo relies on #miners to solve cryptographic puzzles that give them the right to verify transactions and add blocks to the #blockchain

Po in the center of NIPoPoW stands for Proof of.

Having proof of proof of work means using cryptography to abstract away from the blockchain in a mathematically verifiable way.

In other words, PoPoW is a lightweight, yet provably accurate, representation of the blockchain

Read 15 tweets
1/x Minds over Markets🚩We would like to follow on from part 1/2🧵of our thread. If you missed it, look it up here.
💙LIKE🔁RETWEET⬆️FOLLOW to stay up to date!
thread below part 2/2🧵⬇️
#IotaOrigin #IOTA #ASM $ASMB $SMR #Mining
2/x Summary part1:The world's top gold producers are changing their strategy and increasing their resources through acquisitions. However, acquirable resources are limited while exploration investments are undervalued. What does this mean for African artisanal-small-scale mining?
3/x Exploration spending in Africa fell by $111 million in 2020. This represents a -10% drop and is a record low for spending in Africa. The biggest loser of the % cuts is the DRC, with exploration spending falling to $140 million at last count.
Read 25 tweets
Commodity cycle start or end?

Note: I am not commodity analyst, but exploration geo at the bottom of the commodity chain for metals/hydrocarbons.

Sharing some stats in the 🧵
#mintwit #commodity #batterymetals #mining
Reading macro analysts, following arguments emerge.

Current commodity run is:
- supply chain related only
- speculation fueled
- long term secular shortage in commodities
- caused by geopolitics, sanctions etc.
- going to end soon
- going to last a decade
I am personally watching for short term pull back, but support long term commodity price increase trend from supply shortage perspective.

Uncertainties: china, wars, geopolitics.

Below is some data supporting long term commodity bull.
Read 12 tweets
1/x Minds over Markets🚩

What`s happening on the gold market and what can we expect?
Today we take a look at the supply side.

thread below part 1/2🧵⬇️
#IotaOrigin #iota #ASM $ASMB $SMR #Mining
2/x All gold ever mined, also called above-ground stocks total 205,238 tons.
This corresponds to a market capitalization of $12,5 trillion.
Although this number seems enormous, all the gold in the world that has ever been mined fits into a cube with an edge length of just 22m.
3/x The current annual demand is 4.666t and the annual supply corresponds exactly to this demand. The supply can be broken down into two further key figures.
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I can talk about where $SDRC is going until I'm green in the face.

@SDRCMINING can be quoted projecting profitable #gold production at $400 per oz spot. This is an industry-breaking metric. Let finding out why be the theme that leads you down this rabbit hole.
A real need exists as less & less material is found globally as a result of exploration every year. When a mine is deemed unfeasible, it halts. So many open mines lay dormant or haven't started due to vein structures too narrow or because of environmental hurdles imposed by govts
Read 11 tweets
1) Long before #Russia, world's main enriched #Uranium supplier, sent shock waves thru #Nuclear fuel markets😱 by invading #Ukraine🪖 mined #U3O8 was already in a sustained deficit⬇️⛏️ with demand for #CarbonFree Nuclear surging.⬆️🏗️⚛️ A Uranium #investing thesis thread 4U🤠🐂👇2
2) #Uranium #mining #stocks are famous⭐️ for delivering investors extraordinary life-altering returns😎🍹🏝️ when they enter a boom cycle⤴️ after a long painful bear market for #Nuclear fuel😩 when supply/demand fundamentals shift🌊 as they have now in a strong bull market🤠🐂👇3
3) #Uranium is a cyclical commodity🔃 that goes through boom & bust cycles based on supply vs demand imbalances⚖️ magnified to extremes🌜 by supply security fears😟 as there is no substitute fuel for #nuclear reactors⚠️ so fear can lead to panic buying by nuclear utilities🛒👇4
Read 12 tweets

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