Discover and read the best of Twitter Threads about #mining

Most recents (24)

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!
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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.
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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
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
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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

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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.
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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.
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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
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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
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So you’ve heard about Proof-of-Work (PoW) 🔨 being used in #Bitcoin and #Ethereum, what about Proof-of-Stake (PoS) 💰? Read on!

If you’re unfamiliar with PoW, read our previous thread here:

Proof-of-Work and Proof-of-Stake are both consensus mechanisms or algorithms that ensure the security of the #blockchain. 🔒

In simple terms, they are used to select which participants/nodes should be given the chance and authority to add a block to the chain.

This ensures security because it helps to filter participants who may not be genuine or committed to the #network.

In both mechanisms, chosen participants have to contribute a certain resource such as money or energy. This prevents bad actors from overtaking the network. 😇

Read 10 tweets
Habéis escuchado la entrevista que hicimos a @Collective_Col. Charlamos con su CEO y nos explico sus planes y como reducen los riesgos de una empresa de greenfield exploration. #Gold #Colombia #mining
Youtube (english sub):…
Appel podcast:…
Have you listened to our interview to @CollectiveMini1. We spoke with his CEO and he told us about their plans and how they reduce the risk a greenfield exploration mining company. Youtube video with english subtitules #Gold #Colombia #mining
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#Helium madenciliği yapmak mantıklı mı?
Helium madenciliği kârlı mı?
Geliri nasıl?
Bulunduğum bölge de yapanlar var mı?
Cihazlar ne kadar sürede kendini amorti ediyor?
Karşılaşılabilecek sorunlar neler?
Hangi cihazı tercih etmeliyim?
İlk yatırım maliyeti ne kadar?
#hnt #mining
Bu soruların tamamına #hnt #mining'e başlarken yaşadıklarımı anlatarak cevap vermeye çalışacağım, buyrun.
Başlarken yapılacak ilk şey bulunduğunuz konumun #hnt mining için uygun olup olmadığını tespit etmek olacaktır. Bunun için adresinden bulunduğunuz konumda ya da yakınlarda başka cihazlar var mı kontrol etmelisiniz.
Read 16 tweets
#lithium carbonate breaks $510k yuan/ton which is $80k USD - almost a $10k increase in the last fortnight. A small thread on why this matters below for #electricvehicles and #lithium #mining stocks. Happy punting all.
#Spot #lithium traded as above is usually representative of tiny volumes at different districts in China. Could probably spend a whole thread describing lithium prices in different areas but that'd be a waste of time. Take away point is the volume is tiny but it's a trend.
The head price you see here is representative of what traders/chemical producers are getting for product sold typically to #cathode #producers who use the chemicals to create lithium batteries.
Read 13 tweets
Investors + resource-rich countries + civil society ALL want to see greater corporate accountability for #oil #gas & #mining co's commitments to #transparency.

So why does that seem so hard to achieve at the global #EITI Board mtg this week?


Quick history:
The Extractive Industries Transparency Initiative #EITI grew out of civil society calls since the late '90s for mining, oil & gas companies to #PublishWhatYouPay to governments around the world.

The idea was to shine a🔦on corruption +💸💸flows in the sector.

In 2002-2003, @EITIorg was born, as “an initiative built on the notion of equal transparency from the governments and the companies” with participation from representatives of governments, companies, and civil society organizations.

Read 21 tweets

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