Category Archives: Data Mining
New York City Calendar: See Whats Happening In The Area This Weekend – Patch.com
NEW YORK CITY, NY Looking for things to do this weekend? Check out what's new on your New York City Patch community calendar. See what's happening and what might interest you before you make plans.
Wondering how you can add your own event? Whether you're planning a speaker series, a coat drive, or painting in the park, there's no better place to share it than Patch's event calendar. As always, it's free to post an event in your community. To reach more people, you can promote your event and share it nearby for $1 per day per community.
Here are all of this weekend's events in and around New York City:
See more local events posted by your neighbors, or add your own, on the New York City Patch community calendar.
Editor's note: This article was automatically generated based on event information mainly provided by community members. Patch has not independently verified most of this information, always check with organizers to confirm posted events are proceeding as planned. Click on any event in the list for more details. You can also reach out to content@patch.com with any questions or other feedback about this article.
Read more:
New York City Calendar: See Whats Happening In The Area This Weekend - Patch.com
Lloyd’s List Intelligence, the trusted expert providing actionable insight into the global maritime industry for 300 years, introduces a new industry…
LONDON, July 5, 2021 /PRNewswire/ -- Lloyd's List Intelligence,provider of transparent data, analysis, and actionable insight for professionals connected to maritime trade, has teamed up with analytics powerhouse SAS, a leader in artificial intelligence (AI), data mining, modelling and forecasting. Together, they have developed a new level of data-driven maritime insight for analysing vessels, movements and fleets using managed analytics. This pioneering new application of artificial intelligence allows Lloyd's List Intelligence customers to interpret and understand complex vessel movements and behaviours in ways that were not possible before.
"Our collaboration with SAS has pushed our analytical capabilities into another realm," says Michael Dell, President of Lloyd's List Intelligence. "We are now providing our customers with a new level of risk detection and assessment that resets the bar for maritime intelligence and drives transparency in the industry."
Lloyd's List Intelligence 'Seasearcher Advanced Risk and Compliance' is the first service to benefit from this partnership, to be introduced to the market from late June.
Increasingly, organisations need to upgrade their ability to identify deceptive shipping practices, understand greater context around the level and type of risk, and take swift action to avoid fines, sanctions and reputational damage.
"As illicit activities climb and compliance requirements increase, there is a need for more immediate, accurate decisioning to detect and mitigate potential risks," says Matt Bidwell, Head of Product Management at Lloyd's List Intelligence. "By leveraging powerful 'big data' and machine learning capabilities from SAS, we've augmented the wealth of Lloyd's List Intelligence's historical and detailed data tens of billions of data points - with AI, to create an enhanced level of insight. During its development, we consulted with practicing risk and compliance professionals to ensure that our new service addresses their needs for greater support in solving some of the most difficult and complex problems associated with risk assessment."
The new solution, Seasearcher Advanced Risk and Compliance,highlights risk around probable illicit activitiesin one complete view that is not available elsewhere, generating the most accurate and detailed analytics and risk ratings. By factoring in many different layers of live and historical vessel behaviour, the use of AI creates greater context around normal, abnormal, and dark vessel movements. This brings a new level of insight and support for the decisions that risk and compliance professionals need to make. Seasearcher Advanced Risk and Compliance detects probable deceptive shipping practices such as:
Additionally, there is enhanced context around AIS gaps, ruling out more false positives.
Based on data models approved by experts in the shipping, commodities, finance, insurance, and legal professions, and using one common language and methodology, Seasearcher Advanced Risk and Compliance introduces a new and efficient means for cross-industry evaluation and onward communication of maritime compliance risk.
"The new solution we have developed with Lloyd's List Intelligence applies some of our most advanced predictive analytics to create a level of insight around vessel behaviours not previously possible," said Bert Boers, Regional Vice President of Southwest Europe Sales at SAS. "The critical and fast-changing nature of shipping demands that we employ the best analytical modelling with the best maritime data to produce a new depth of insight that allows professionals to make swift, accurate and confident decisions around risk and compliance."
For more information about Seasearcher Advanced Risk and Compliance: https://www.lloydslistintelligence.com/services/data-and-analytics/advanced-risk-and-compliance
About Lloyd's List Intelligence
As the trusted expert partner for 300 years, Lloyd's List Intelligence enables 60,000 professionals connected to maritime trade to act on the truth with transparent data and analytics, validated analysis and actionable insight, delivered through their data and analytics services, news and commentary, reports and publications, and expert advice. Lloyd's List Intelligence is a part of Informa PLC, a leading international intelligence, events and scholarly research group with a FTSE 100 listing and a presence in over 30 countries.
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW.
http://www.lloydslistintelligence.com
SOURCE Lloyd's List Intelligence
Read the original here:
Flow Cytometry Market | Latest Report with Detailed Analysis and Forecast to 2030 – BioSpace
Flow cytometry enables multi-parametric analysis of single cells in solution. The technology has enriched a vast body of studies of the immune system and numerous areas of cell biology. Some of the key areas shaping the contours of the flow cytometry market are immunology, virology, cancer biology, infectious disease monitoring, and molecular biology. Flow cytometry is used in understanding the changes in immune system responsible for infectious diseases and various cancers. Thus, the technology form a crucial part of monitoring of infectious diseases in humans. Another widespread demand spurring the prospects in the flow cytometry market is for sorting cells for further analysis. The opportunities have been propelled by continuous advances in range of product categories that notably include instruments, reagents, consumables, software, and accessories. The advent of new instrumentation and reagents has expanded the imaging choices for clinicians and researchers using flow cytometry. Data analysis techniques have also been expanded substantially.
The study on the flow cytometry market presents a critical evaluation of recent industry trends and changes in microeconomics and technological landscape shaping the evolution of the market. The report presents numerous insights into the detailed market estimations of the key segments based on range of parameters. It analyzes the demand and consumption patterns that have arisen on the back of prevalent technological and natural landscape. The research is prepared with the help of numerous enterprise-wide statistical tools when applied to a massive body of primary and second research.
Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=7297
Flow Cytometry Market: Key Trends
The drive for flow cytometry market stems from the demand for technologically advanced techniques for use in wide spectrum of cell sorting applications in immunological studies. Over the past few decades, the use of multiple laser systems in common and specific applications such as bead analysis. In recent years, extensive demand has been made in the use of flow cytometry in immunophenotyping in diagnosis and prognosis of various diseases, particularly in patients with leukemia or lymphoma. One of the key characteristics that all applications utilize is characterization of disparate populations of cells, comprising bone marrow, blood, and solid tissues.
Advances being made in instrumentation systems are boosting the prospects in the flow cytometry market. Over the past two decades, the array of reagents available has also expanded at rapid pace. This has substantially improved the parameters in flow cytometry experiments. Further, advancements in fluorochromes are boosting the growth of the flow cytometry market. On the other hand, the deployment of cutting-edge data mining techniques has enabled boost the relevance of a vast body of 3 D data available from the technologies. Some of the key instrumentation used are acoustic focusing cytometers, spectral analyzers, and photomultiplier tubes (PMTs).
Buy this Premium Report @ https://www.tmrresearch.com/checkout?rep_id=7297<ype=S
Flow Cytometry Market: Competitive Dynamics and Key Developments
Some of the key reagents are small organic molecules, calcium indicator dyes, viability dyes, nucleic acid dyes, fluorescent proteins. Medical equipment and medtech companies are keen on expanding the capabilities if flow cytometry. Top players in the flow cytometry market are keen on increasing the number of paramaters that can be analyzed in high dimensional data. To this end, most players are spending sizable research and investments in testing adopting cutting-edge gating strategies.
Some of the well-entrenched players in the flow cytometry market are Thermo Fisher Scientific, Inc., Sony Biotechnology, Inc., Apogee Flow Systems Ltd., Stratedigm, Inc., Sysmex Corporation, Miltenyi Biotec, Agilent Technologies, Inc., Luminex Corporation, and Becton, Dickinson and Company. A growing number of players are leaning on launch of new products, geographical expansion, partnerships, and collaborations.
Flow Cytometry Market: Regional Assessment
North America has been massively lucrative region in the global flow cytometry market. The adoption of technologically advanced technologies in the region has fueled the valuation of the market. The substantial prevalence of chronic diseases has spurred the rising research in cell sorting. Asia is emerging as a regional market with incredible avenues.
Get Table of Content of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=7297
Read Related Market Reports:
https://www.tmrresearch.com/cancer-biopsy-market
https://www.tmrresearch.com/infectious-disease-invitro-diagnostics-market
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in todays supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Contact:
Rohit Bhisey
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Visit Site: https://www.tmrresearch.com/
Original post:
Flow Cytometry Market | Latest Report with Detailed Analysis and Forecast to 2030 - BioSpace
Cirralto signs five year referral agreement with Fresh Supply Co for trade finance services – Proactive Investors Australia
The two companies will tackle the agricultural business sector through Fresh Supply Cos customer network.
() has signed a five-year non-exclusive referral agreement with Fresh Supply Co Pty Ltd to grow CROs global payments and cashflow solutions business that is addressable via cross border payment processing and export cashflow products.
Collectively, Cirralto and Fresh Supply Co will tackle the agricultural business sector through Fresh Supply Cos customer network.
In conjunction with Invigo, Cirralto will provide trade finance solutions and integration services to business customers, in addition to merchant on record payment services via existing arrangements.
The company will also provide its payments processing services to the agricultural businesses to further leverage its revenue-generating potential.
Under the terms of the agreement, Fresh Supply Co may introduce joint customers to Cirralto through sales referrals and business opportunities andCirralto will retain at least 70% of the gross profit margin on each customer contract.
Speaking to the agreement, chief executive officer Adrian Floate said: Working with Fresh Supply Co to help Aussie farmers is very humbling.
By utilising our flexible payment solutions and the data mining technology intrinsic in Fresh Supply Cos business, we are able to positively impact Australias Agricultural industry to drive improved cash flow and better business growth for those businesses.
Data like animal health, weight, age and fat score are part of the animal specification that forms material terms of an agricultural sales contract.
Fresh Supply Co are constantly gathering this data from all sorts of data point and creating a digital feed that enables a farmer to demonstrate to a buyer and us as a non-bank lender that is complying with a sales contract.
They givevisibility into the farming process which means we can reward a farmer for achieving their contract targets with faster payment and lower cost finance."
Headquartered in Brisbane, Australia and founded in 2017 by Dr Benjamin Lyons and David Inderias, Fresh Supply Co operates in several countries including Australia, Japan, USA, Latin Americaand Europe.
Its executive team consists of CEO David Inderias and COO Georgie Uppington, who has several decades global experience in technology management.
Fresh Supply Co acts as a data layer specialising in capturing operational farming data from a variety of sources and making it consumable by the financial sector.
The ongoing data flow is visible through Fresh Supply Cos technology and enables continuous credit risk assessment, minimisation of exposure, and automated triggering of payments based on the meeting of specific milestones or criteria.
Combining this data mining technology with Cirralto's established Business to Business (B2B) payment solutions and trade finance services enables B2B transactions with a reduced risk of non-payment, improved efficiency, and cash flow for the customer.
Specific to the agricultural industry, this agreement will enable Fresh Supply Cos network of more than 20 livestock, grain, fruit and vegetable farmers the ability to utilise Cirraltos flexible payment solutions and access finance at a better rate.
The companies are currently working on a strong pipeline of opportunities in payments and non-bank lending presenting a material revenue-generating opportunity for Cirralto.
Fresh Supply Co CEO David Inderias said: As a supply-chain digitisation company weve been working to provide the agricultural business with transparency across the supply chain.
This agreement combines the collective knowledge and resources of both parties to facilitate better access to working capital for the agriculture business.
Read more from the original source:
Greenidge Generation Announces Letter of Intent to Expand Bitcoin Mining Operation to Site in South Carolina – PRNewswire
DRESDEN, N.Y., July 2, 2021 /PRNewswire/ --Greenidge Generation Holdings, Inc. announced today that it plans to develop its next bitcoin mining operation in South Carolina. Consistent with Greenidge's longstanding commitment to environmental leadership in power generation and cryptocurrency operations, the Spartanburg facility will be fully carbon neutral. Greenidge expects to commence mining operations in Spartanburg in late 2021 or early 2022.
Greenidge has signed a Letter of Intent with LSC Communications, an Atlas Holdings' portfolio company, to execute a 10-year lease for Greenidge to utilize a portion of the property owned by LSC. The site, a retired printing plant, previously drew approximately 80MW of power and has expansion potential beyond that capacity. Greenidge plans to make use of existing electrical infrastructure at the location, with opportunities for continued growth.
Approximately two thirds of the electricity at the site is sourced from zero carbon sources such as nuclear power, making it an attractive location for Greenidge. Greenidge has committed to offsetting the operation's remaining carbon footprint, building on its record in New York State of operating a fully carbon neutral mining business. Greenidge also announced earlier this year that it will invest a portion of its mining profits in renewable energy projects across the country.
"This is an important step in Greenidge's strategy to build upon our unique expertise in environmentally sound bitcoin mining at additional locations across the country," said Jeff Kirt, Chief Executive Officer of Greenidge. "We have a superior team with proven expertise in this emerging field. LSC's Spartanburg site, with its favorable energy mix, capacity potential and business-friendly climate, is the ideal next location for us. The site's existing electrical infrastructure should allow us to commence our data mining buildout almost immediately."
About Greenidge Generation Holdings, Inc.
Greenidge Generation Holdings, Inc. ("Greenidge") is a vertically integrated bitcoin mining and power generation company. Greenidge currently operates one facility in Upstate New York, with plans to expand to a second location in South Carolina in the upcoming months. Greenidge's New York facility is an environmentally sound operation that has undergone a remarkable transformation in recent years and employs dozens of skilled associates, creating attractive new blockchain jobs and serving as an anchor for the local economy.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act, as amended. These forward-looking statements are typically identified by terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or similar expressions.
These forward-looking statements include references to assumptions and relate to the future prospects, developments, and business strategies of Greenidge. These forward-looking statements are largely based on the current expectations and projections about future events and trends that are expected to affect the financial condition, results of operations, business strategy, and short-term and long-term business operations and objectives of Greenidge. Forward-looking statements contained in this press release include, but are not limited to, statements concerning the current and future build out and acquisition plans of Greenidge.
Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to: (i) the ability to recognize the anticipated objectives and benefits, including tax benefits, of the proposed transaction; (ii) changes in applicable laws, regulations or permits affecting Greenidge's operations or the industries in which it operates, including regulation of the energy industry or regarding cryptocurrency; (iii) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms with regard to growth strategies or operations; (iv) fluctuations in the market pricing of cryptocurrencies; (v) loss of public confidence in cryptocurrencies; (vi) the potential of cybercrime, money laundering, malware infections and phishing, and the costs associated with such issues; (vii) the potential of cryptocurrency market manipulation; (viii) the economics of mining cryptocurrency, including as to variables or factors affecting the cost, efficiency and profitability of mining; (ix) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of Greenidge, including mining equipment, (x) the possibility that Greenidge may be adversely affected by other economic, business or competitive factors, including factors affecting the industries in which it operates or upon which it relies and is dependent; (xi) an inability to expand successfully to other facilities, mine other cryptocurrencies or otherwise expand the business; (xii) any potential litigation involving either or both of Greenidge or Support.com, Inc. ("Support.com") in connection with their pending previously announced merger transaction (the "proposed merger"); (xiii) costs and expenses relating to cryptocurrency transaction fees and fluctuation in cryptocurrency transaction fees; (xiv) Greenidge's single operating facility may realize material, if not total, loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage; (xv) other risks and uncertainties related to the business plan, business strategy, acquisition strategy and buildout strategy of Greenidge; (xvi) the potential economic fallout resulting from the COVID-19 outbreak. The actual results, performance, or achievements of Greenidge could differ materially from the results expressed in, or implied by, any forward-looking statements.
Greenidge does not undertake any obligation to update or revise any forward-looking statements included in this press release, whether as a result of new information, the occurrence of future events, changes in assumptions or otherwise, after the date of this press release.
Participants in the Solicitation
Support.com and its directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from Support.com's stockholders with respect to the proposed merger. A list of the names of those directors and executive officers and a description of their interests in Support.com will be included in the proxy statement/prospectus for the proposed merger (as further described below) and will be available atwww.sec.gov. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed merger when available.
Greenidge and its directors, executive officers, other members of management and employees may also be deemed to be participants in the solicitation of proxies from the shareholders of Support.com in connection with the proposed merger. A list of the names of such directors and executive officers and information regarding their interests in the proposed merger will be included in the proxy statement/prospectus for the proposed merger when filed with the SEC.
No Offer or Solicitation
This press release is not and shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed merger. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.
Additional Information, Disclaimer and Where to Find More Information
In connection with the proposed merger, Greenidge has filed with the SEC a registration statement on FormS-4(the "Registration Statement"), which includes a preliminary proxy statement of Support.com and a prospectus in connection with the proposed merger.The definitive proxy statement/prospectus and other relevant documents will be mailed to shareholders of Support.com as of a record date to be established for voting on the proposed merger.Stockholders of Support.com and other interested persons are advised to read the preliminary proxy statement/prospectus, and amendments thereto, the definitive proxy statement/prospectus in connection with Support.com's solicitation of proxies for the special meeting to be held to approve the proposed merger, and other documents filed with the SEC by Greenidge and Support.com, because these documents will contain important information about Support.com, Greenidge, and the proposed merger.Stockholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, by directing a request to: Support.Com, Inc., 1521 Concord Pike (US 202), Suite 301, Wilmington, DE 19803. These documents, once available, and Support.com's annual and other reports and proxy statements filed with the SEC can also be obtained, without charge, at the SEC's internet site (http://www.sec.gov).
SOURCE Greenidge Generation Holdings Inc.
Original post:
Executive job with SINGAPORE UNIVERSITY OF SOCIAL SCIENCES | 259335 – Times Higher Education (THE)
Job Description
The position will report to the CD/IC. It supports the knowledge creation initiative and evaluation / impact measurement of the Centre with the conceptualization and execution of research projects and related activities related to learning innovation in Singapore. He/she also leads other activities such as conceptualising and organising of roundtables, content creation for the iN.LAB microsite in the form of horizon scanning, trend monitoring, articles or case studies, as well as conducting evaluation and impact measurement activities such as collection and analysis of post-event data, and other relevant information and data related projects. Key activities related to these responsibilities include:
a. Conceptualise and develop research proposal;b. Prepare and plan research project logistics, schedule and activities.c. Review, collate and analyse literature and findings;d. Design research instruments;e. Propose the different research techniques appropriate at different stages of the project;f. Data gathering, processing and cleaning in preparation for data mining and analysis;g. Analysis and research writing in required formats (reports, papers, articles); andh. Manages the bibliographies and literature review of the research reports.
Job Requirements
See the original post here:
Executive job with SINGAPORE UNIVERSITY OF SOCIAL SCIENCES | 259335 - Times Higher Education (THE)
Underground hazards: Work-related deaths in South Africas mines rose 33% in the past six months Minerals Council – Daily Maverick
A mine worker uses a drill on the rock face as he works deep underground. (Photo: Nadine Hutton / Bloomberg via Getty Images News)
South Africas mining industry has made strides on the health and safety front, but the noble goal of zero harm remains elusive and that may well be the case until it is only robots that go underground.
According to data compiled by industry body the Minerals Council South Africa, 309 miners were killed on the job in 1999. Thats about one a day, if Sundays are excluded.
By 2019, the body count had been slashed to 51, a record low over the past century of the industrial-scale mining which built Africas most advanced economy while entrenching racial disparities in wealth and income that persist to this day.
A range of factors have been behind these improvements, including pressure from regulators, unions and investors, with the latter increasingly concerned about ESGs environmental, social and governance issues. Mechanisation, where the geology has allowed, has played a role, along with the rollout of safety nets and other initiatives in conventional settings.
But worryingly, the toll rose to 60 in 2020, a year in which fewer work hours were logged in the sector because of lockdown restrictions.
In 2021 to date, 32 miners have lost their lives on the job in South Africa, a 33% increase on the same period last year, the Minerals Council revealed on Thursday during a media briefing to mark its annual National Day of Health and Safety.
We saw in 2020 a deterioration in minings safety performance in terms of fatalities. Worse still, thus far in 2021, we are seeing a further deterioration in the fatality trend. This is not acceptable to us, as the Minerals Council and the industry, said Minerals Council president Nolitha Fakude.
Falls of ground and rock bursts combined accounted for 11 deaths this year, the same number recorded in the same period in 2020, which remains a major cause of concern.
The Minerals Council last year mandated its Rock Engineering Technical Committee (RETC) to develop an action plan to eliminate such fatalities, known as FOGs (fall of ground).
Challenges include an exodus of experienced rock engineers from South Africa, with most of those remaining reaching retirement age.
The committees recommendations include spending R40-million on R&D over five years in areas such as seismicity and the real-time monitoring of signs of instability or stress in rock formations. Skills development to fill the rock engineering gap, promoting changes in risky behaviour and revising bolt netting techniques are among the other recommendations.
The industry can certainly afford to spend some money on this issue as the current commodities boom flows to the bottom line of many companies, massively boosting their profits. And overall, things are a far cry from the apartheid and colonial eras, when the lives of grotesquely exploited black miners hardly registered in the boardroom. DM/BM/MC
See original here:
Future of local cryptocurrency mining still in limbo – The Ithaca Voice
TOMPKINS COUNTY, N.Y.The future of cryptocurrency mining in Tompkins County remains uncertain as efforts by activists and politicians once again have fallen just shy of the support needed to ban the controversial practice. In particular, Dr. Anna Kelles recent bill in the New York State Assembly, which sought to put a three-year moratorium on cryptocurrency mining, was approved by the Senate but did not make it through the assembly.
Bills can take years to pass, Kelles, who represents the 125th district in the State Assembly, which includes much of the county, said. This one is just particularly time-sensitive so there are going to be negative consequences of not passing it this past term because if any mining facilities are set up this year, they will be grandfathered in and not be affected by the moratorium.
Concerns surrounding cryptocurrency mining are primarily based on the process environmental impacts as the acquisition of the digital currencies such as Bitcoin, Ethereum and Dogecoin, are not mined in the traditional way natural resources are mined, but instead are uncovered by computers with special programs solving math equations which in turn unencrypt or mine the cybercash.
In order to run these computer programs, large amounts of energy are needed, leading to the creation of data mining hubs or facilities with massive amounts of computing technology insidea practice already happening in the Finger Lakes and a possibility for the newly converted Cayuga Power Plant in Lansing.
A prime example of the cryptocurrency mining industrys utilization of upstate facilities is clearnearby a previous coal-fired power plant on Seneca Lake has already become a mining hub, owned by Greenidge Generation. It currently houses 7,000 cryptocurrency mining machines and, according to WENY News, plans to expand their operations which will require four new buildings. The Department of Environmental Conservation (DEC) and the town of Torrey have approved this expansion.
The why of why I did this was not to put a pause and a study on one facility, Kelles said, but acknowledging that there is a trend and it could hit like wildfire and single handedly undo our environmental goals, that we havent even obtained, and make it impossible to reach our [Climate Leadership] goals.
One of the biggest issues with mining is the enormous amounts of energy it requires to run the computer programs and mining facilities in general. For example, according to a BBC report, Bitcoin mining alone uses more electricity in a year than the entire country of Argentina.
A CNBC report stated that Bitcoin mining also makes up around 35.95 million tons of carbon dioxide emissions every year, not to mention there is also an estimated 8,000 to 12,000 tons of electronic waste produced by the mining each year.
On Seneca Lake, on top of just energy usage and toxic emissions there is the issue of water quality and increased water temperature. According to Kelles research, cryptocurrency mining pulls in about 139 million gallons of water a day from Seneca, which is around 40 to 60 degrees on average and it circulates the water through the building in order to counter the heat produced by the energy production. This was confirmed by Yvonne Taylor of the Seneca Lake Guardian.
It provides a free coolant system to them but its not free to us and its not free to the environment, Kelles said. It dumps the water back out up to 86 degrees in the summer and up to 108 degrees in winter, that is their permit.
This water is then dumped into a trout stream. At around 70 degrees trout can start showing signs of severe stress which can affect their fertility, spawning and their mortality rates. An impact like this could harm the trouts ecosystem and the agritourism that the Finger Lakes region thrives on. Water intakes for the facility are also a problem.
The DEC told Greenidge that they should have wedge wire screens on those intake pipes to prevent fish and other aquatic life from being sucked into those pipes and killed, Taylor said. They have yet to install those screens.
The increase in water temperature also increases the risk and frequency of harmful algal blooms (HABs) on Seneca. HABs is also a problem in the Finger Lakes region as a whole, not just on Seneca Lake. Thus, environmental activists and like minded politicians fear what may happen if the same technology is implemented on Cayuga.
Vice President of Development at Heorot Power Management, a subsidiary of Beowulf Energy, Jerry Goodenough publicly declared last year that the company has no intention of using the retired coal plant for cyber currenciesthough that is not to say that without legal barriers the company couldnt change its mind. It is also apparent the company has interests in blockchain and cryptocurrency as the former coal power plant they first took over in Montana mines Bitcoin.
We know in the past that there was a plan to develop a data center there very soon which they call them data centers, Taylor said. Thats the greenwash tacky name for these mining facilities and then you quickly discover what theyre really doingtheres no registration or monitoring or way to find out and thats what happened at the Greendige facility.
Original post:
Future of local cryptocurrency mining still in limbo - The Ithaca Voice
Greenidge Generation Announces Letter of Intent to Expand Bitcoin Mining Operation to Site in South Carolina – Yahoo Finance
Greenidge Intends to Locate Second Fully Carbon Neutral Cryptocurrency Mining Operation in Spartanburg
DRESDEN, N.Y., July 2, 2021 /PRNewswire/ -- Greenidge Generation Holdings, Inc. announced today that it plans to develop its next bitcoin mining operation in South Carolina. Consistent with Greenidge's longstanding commitment to environmental leadership in power generation and cryptocurrency operations, the Spartanburg facility will be fully carbon neutral. Greenidge expects to commence mining operations in Spartanburg in late 2021 or early 2022.
Greenidge has signed a Letter of Intent with LSC Communications, an Atlas Holdings' portfolio company, to execute a 10-year lease for Greenidge to utilize a portion of the property owned by LSC. The site, a retired printing plant, previously drew approximately 80MW of power and has expansion potential beyond that capacity. Greenidge plans to make use of existing electrical infrastructure at the location, with opportunities for continued growth.
Approximately two thirds of the electricity at the site is sourced from zero carbon sources such as nuclear power, making it an attractive location for Greenidge. Greenidge has committed to offsetting the operation's remaining carbon footprint, building on its record in New York State of operating a fully carbon neutral mining business. Greenidge also announced earlier this year that it will invest a portion of its mining profits in renewable energy projects across the country.
"This is an important step in Greenidge's strategy to build upon our unique expertise in environmentally sound bitcoin mining at additional locations across the country," said Jeff Kirt, Chief Executive Officer of Greenidge. "We have a superior team with proven expertise in this emerging field. LSC's Spartanburg site, with its favorable energy mix, capacity potential and business-friendly climate, is the ideal next location for us. The site's existing electrical infrastructure should allow us to commence our data mining buildout almost immediately."
Story continues
About Greenidge Generation Holdings, Inc.
Greenidge Generation Holdings, Inc. ("Greenidge") is a vertically integrated bitcoin mining and power generation company. Greenidge currently operates one facility in Upstate New York, with plans to expand to a second location in South Carolina in the upcoming months. Greenidge's New York facility is an environmentally sound operation that has undergone a remarkable transformation in recent years and employs dozens of skilled associates, creating attractive new blockchain jobs and serving as an anchor for the local economy.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act, as amended. These forward-looking statements are typically identified by terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or similar expressions.
These forward-looking statements include references to assumptions and relate to the future prospects, developments, and business strategies of Greenidge. These forward-looking statements are largely based on the current expectations and projections about future events and trends that are expected to affect the financial condition, results of operations, business strategy, and short-term and long-term business operations and objectives of Greenidge. Forward-looking statements contained in this press release include, but are not limited to, statements concerning the current and future build out and acquisition plans of Greenidge.
Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to: (i) the ability to recognize the anticipated objectives and benefits, including tax benefits, of the proposed transaction; (ii) changes in applicable laws, regulations or permits affecting Greenidge's operations or the industries in which it operates, including regulation of the energy industry or regarding cryptocurrency; (iii) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms with regard to growth strategies or operations; (iv) fluctuations in the market pricing of cryptocurrencies; (v) loss of public confidence in cryptocurrencies; (vi) the potential of cybercrime, money laundering, malware infections and phishing, and the costs associated with such issues; (vii) the potential of cryptocurrency market manipulation; (viii) the economics of mining cryptocurrency, including as to variables or factors affecting the cost, efficiency and profitability of mining; (ix) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of Greenidge, including mining equipment, (x) the possibility that Greenidge may be adversely affected by other economic, business or competitive factors, including factors affecting the industries in which it operates or upon which it relies and is dependent; (xi) an inability to expand successfully to other facilities, mine other cryptocurrencies or otherwise expand the business; (xii) any potential litigation involving either or both of Greenidge or Support.com, Inc. ("Support.com") in connection with their pending previously announced merger transaction (the "proposed merger"); (xiii) costs and expenses relating to cryptocurrency transaction fees and fluctuation in cryptocurrency transaction fees; (xiv) Greenidge's single operating facility may realize material, if not total, loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage; (xv) other risks and uncertainties related to the business plan, business strategy, acquisition strategy and buildout strategy of Greenidge; (xvi) the potential economic fallout resulting from the COVID-19 outbreak. The actual results, performance, or achievements of Greenidge could differ materially from the results expressed in, or implied by, any forward-looking statements.
Greenidge does not undertake any obligation to update or revise any forward-looking statements included in this press release, whether as a result of new information, the occurrence of future events, changes in assumptions or otherwise, after the date of this press release.
Participants in the Solicitation
Support.com and its directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from Support.com's stockholders with respect to the proposed merger. A list of the names of those directors and executive officers and a description of their interests in Support.com will be included in the proxy statement/prospectus for the proposed merger (as further described below) and will be available at http://www.sec.gov. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed merger when available.
Greenidge and its directors, executive officers, other members of management and employees may also be deemed to be participants in the solicitation of proxies from the shareholders of Support.com in connection with the proposed merger. A list of the names of such directors and executive officers and information regarding their interests in the proposed merger will be included in the proxy statement/prospectus for the proposed merger when filed with the SEC.
No Offer or Solicitation
This press release is not and shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed merger. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.
Additional Information, Disclaimer and Where to Find More Information
In connection with the proposed merger, Greenidge has filed with the SEC a registration statement on Form S-4 (the "Registration Statement"), which includes a preliminary proxy statement of Support.com and a prospectus in connection with the proposed merger. The definitive proxy statement/prospectus and other relevant documents will be mailed to shareholders of Support.com as of a record date to be established for voting on the proposed merger. Stockholders of Support.com and other interested persons are advised to read the preliminary proxy statement/prospectus, and amendments thereto, the definitive proxy statement/prospectus in connection with Support.com's solicitation of proxies for the special meeting to be held to approve the proposed merger, and other documents filed with the SEC by Greenidge and Support.com, because these documents will contain important information about Support.com, Greenidge, and the proposed merger. Stockholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, by directing a request to: Support.Com, Inc., 1521 Concord Pike (US 202), Suite 301, Wilmington, DE 19803. These documents, once available, and Support.com's annual and other reports and proxy statements filed with the SEC can also be obtained, without charge, at the SEC's internet site (http://www.sec.gov).
Cision
View original content:https://www.prnewswire.com/news-releases/greenidge-generation-announces-letter-of-intent-to-expand-bitcoin-mining-operation-to-site-in-south-carolina-301324974.html
SOURCE Greenidge Generation Holdings Inc.
Visit link:
A better way to fight fraud with data analytics – Reuters
A page from the PPP loan application for financial support due to the outbreak of COVID-19 in New York. May 7, 2020. REUTERS/Lucas Jackson
In order to keep the US economy afloat during the COVID-19 pandemic, more than $4 trillion was pumped into the economy through various government programs. The money had to be distributed as quickly as possible, so in just a matter of weeks, pandemic stimulus checks were sent, new emergency loan programs such as the Paycheck Protection Program (PPP) and others started processing loans by the thousands and applications for unemployment compensation skyrocketed.
Check out all the articles in the latest issue of .
Fraudsters know a good opportunity when they see one. Almost instantaneously, fictitious businesses began applying for PPP loans; bogus websites started selling fake or nonexistent Personal Protective Equipment; and thousands upon thousands of people tried to collect unemployment checks in any way they could through synthetic identities, stolen Social Security numbers, shell company shenanigans and more.
In 2020, the US Department of Justice reclaimed $360 million in fraud related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, but hundreds of additional cases are currently under investigation, and the Small Business Administrations Inspector General (SBA IG) has reported receiving tens of thousands of fraud tips. By comparison, the total number of fraud tips the SBA IG received in 2019 was 800.
Considering that the federal government is preparing to inject another $1.9 trillion into the US economy in 2021, it is perhaps unsurprising that Thomson Reuters 2021 Government Fraud, Waste, and Abuse Study found that 93% of frontline government administrators at the state and local level expect fraud in 2021 to be the same or worse as in 2020.
The same in this case may not sound all that bad, but it is really quite alarming. Indeed, it would mean that government employees will continue to be overwhelmed and have insufficient resources and inadequate technology to do their jobs. Further, billions of taxpayer dollars will land in the hands of criminals worldwide, and thousands of American citizens in need of assistance will not receive it.
A worse scenario is hard to imagine, but more than half of government employees surveyed in the report said thats precisely what they expect in 2021.
Attack of the cyber-gangs
Government administrators often get a bad rap, but to be fair, they faced an almost impossible task last year. When the shutdowns began in March 2020, more than 32.5 million people filed for unemployment within the first two months of the pandemic, and administrators handling those claims were processing an average of 10 to 15 times their normal workload. In order to distribute unemployment funds as quickly as possible, controls had to be relaxed, which not surprisingly created a golden opportunity for fraudsters.
Even in the best of times, however, most government agencies are using outdated technology to fight a class of criminals that is getting smarter and more technologically sophisticated by the day. Almost two-thirds of government employees said their most pressing issues were budget constraints and lack of resources, the report noted. Only half of those respondents said they felt confident they had adequate resources to fight fraud, waste and abuse, and 45% said their primary tool for screening new vendors and contractors was a simple Google search.
Clearly, government administrators do the best they can with the resources they have but most of the technology available to them is incapable of detecting or preventing fraud before a great deal of money already has been stolen. Indeed, most fraud-prevention efforts are focused on investigations after a suspected fraud scheme has been uncovered and the stolen funds are long gone.
The power of data analytics
Most government agencies rely on anonymous tips, whistleblowers and alert administrators to identify suspicious patterns of behavior that may indicate fraud. The problem with that approach is that program administrators dont necessarily know what to look for, dont have enough time to devote to fraud prevention and arent technologically equipped to identify anything but the most common and egregious indications of fraud.
Behavioral analytics, a discipline that can be applied very effectively to identify patterns of fraudulent behavior that might otherwise go undetected, is a growing specialty among fraud investigators. For example, when sophisticated fraudsters target unemployment benefits, they dont create one or two bogus applications they flood the system with hundreds or thousands of fake applications in the hope that someone will slip up and send them money. But if, say, 6,000 applications use the same address or P.O. box (which is not uncommon), a system equipped with the proper analytical tools can easily flag the anomaly and send an alert.
Take another example: Suppose it takes an average of eight minutes to fill out an unemployment application online, and a flood of applicants suddenly start filling out the form in 30 seconds. Again, behavioral analytics can identify and alert authorities to such a deviation from the norm well before any human observer might catch on.
In actual practice, properly programmed data-mining software can identify all sorts of suspicious or anomalous patterns that an overworked, under-equipped administrator might never detect. Further, the software can run 24/7 in the background or be integrated with a case-management system to identify trends and patterns affecting the program, providing an extra layer of security. Unfortunately, almost two-thirds of state and local government employees dont use any kind of matter-management software or analytics to help them prevent fraud, according to the report.
The question is: Why?
A more cost-effective option: preventive analytics
Its no secret that preventive fraud measures are more cost-effective than after-the-fact investigation. For years, the US Government Accountability Office as well as industry groups like the Association of Certified Fraud Examiners (ACFE) have been issuing reports on best practices for fraud risk management, where the benefits of using proactive analytics as part of a dedicated fraud-prevention program are almost always highlighted. In fact, a 2018 ACFE report estimated that risk-assessment programs using proactive data analytics had reduced fraud losses by more than 50%.
Given that the US Treasury may end up pumping more than $2 trillion into the economy in 2021, and fraudsters already have had a year to test vulnerabilities in current government systems, its a fair bet that billions more will be lost in the pandemic shuffle.
A modest investment in data analytics could save some of this loss. It could also give government administrators on the front lines of the pandemic crisis a fighting chance against criminal opportunists who view government benefit programs as their own personal ATM.
Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Thomson Reuters Institute is owned by Thomson Reuters.
Jon Coss is Vice President in Risk, Fraud & Compliance at Thomson Reuters, where he manages Pondera Solutions, which Thomson Reuters acquired in March 2020. Coss has spent the last 26 years working with government agencies to improve operations and decision-making through the use of analytics technologies.
See original here: