Category Archives: Data Mining
Bioinformatician / Computational Scientist in the MYCimmune Program job with UNIVERSITY OF HELSINKI | 292085 – Times Higher Education
A Bioinformatician / Computational Scientist position open in the MYCimmune program, a research collaborative between the University of Helsinki and University of California, San Francisco (UCSF).
The position is located in the Prof. Juha Klefstrms Lab, Medical Faculty, University of Helsinki. The person chosen for the position will participate in the research groups daily activities physically in Helsinki and remotely to collaborative efforts with UCSF. The job involves early morning and late evening meetings few times a month.
The main tasks are connected to a 5-year US Department of Defenses Breast Cancer Research Program, Combining Immunotherapy and MYC Synthetic Lethality for Metastatic Breast Cancer, for which more information can be found in the programs website http://www.mycimmune.org.
In the project, we explore MYC-directed synthetic lethal strategies in the scope of drug discovery, pathway dependency identification, and clinical translation. The research involves analysis of complex molecular datasets from in vitro, ex vivo, in vivo models as well as from public databases. For our recent publications, search PubMed for Klefstrom j. Highlighted: Munne et al Nat Comms 2021, Tervonen et al Cancer Res 2021, Haikala Nat Comms 2019, Pant J.Med Chem 2018.
The projects involve statistical and computational analyses of in-house as well as publicly available datasets for generating computational predictions and data visualization relevant to the projects goals. In addition, we are piloting various processes involving public health and research databases, with intention to integrate the discrete data into a meaningful health knowledge.
Candidate requirements:
We offer:
The initial contract will be for two years, with a possibility for extension. The salary is in accordance with the University salary system depending on the experience and qualifications of the appointee. In addition, University of Helsinki offers comprehensive services to its employees, including occupational health care and opportunities for professional development. Further information at http://www.helsinki.fi/en/about-us/careers/why-university-helsinki/staff-benefits. The employment contract will include a probationary period of six months.
The position is located in the Klefstrm lab, Translational Cancer Research Program, Research Programs Unit, Faculty of Medicine, University of Helsinki (https://klefstromlab.com).
Applications must include CV and a cover letter that clearly describes how your profile and interests are matching with the candidate requirements. Please also describe your most relevant previous achievements in the field and include names and contact information of at least 2 references. The application, together with the required attachments, must be submitted through the University of Helsinki electronic recruitment system by clicking on Apply for the position link. Applicants who are currently employed by the University of Helsinki are requested to submit their application via the SAP Fiori portal at https://msap.sap.helsinki.fi.
In case you need support with the recruitment system, please contact recruitment@helsinki.fi.
Deadline for applications is May 10th, 2022, but the position may be closed sooner if an ideal candidate is identified. For further inquiries, please contact mycimmune-office@helsinki.fi.
Due date
10.05.2022 23:59 EEST
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Bitcoin mining to be performed beside Southland power station – Stuff
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Bitcoin trading, cryptocurrency, share market, investing, generic.
Energy start-up company Grid Share will begin operating a data centre performing Bitcoin mining at the Monowai Power Station in May, using renewable hydroelectric power.
The facility is a 2MW data centre that can be transitioned into cloud-based high performance computing in the future.
Grid Share chief executive Tom Algie said the partnership with Pioneer Energy was a step towards supporting the transition to 100 per cent renewable energy in New Zealand.
Algie said Grid Share would use the opportunity to test technology to ramp power consumption up and down in real time, which Bitcoin mining was suited for.
READ MORE:* Data centre could be mining cryptocurrency in Central Otago by October* How can we address the climate impact of cryptocurrencies? * Big battery to help cut Waikato's fossil fuel emissions
This will provide a powerful solution to the problem of integrating renewable generation with the electricity grid.
Pioneer Energy contracting general manager Peter McClean confirmed it was working with Grid Share.
Grid Share was setting up a data centre right next to Pioneers Monowai Power Station, with the data centre connecting into the station for its electricity supply.
For Pioneer, it was an opportunity to trial something different, McClean said.
It was efficient for the power station to deliver electricity to an adjacent user, as it took power lines out of the equation, and the grid centre could be turned on and off reasonably quickly which was ideal given the Monowai Power Station was not on 100 per cent of the time, McClean said.
The data centre is something that can use power close to the source because it has the ability to be turned off quickly if the power station isnt generating, or needs to be cut back. So thats what makes it different, thats the driver for us.
The data centre would take up to 30 per cent of the maximum electricity generated by the Monowai Power Station.
Steve Canny, the strategic projects general manager at Great South, Southland's regional development agency, said Bitcoin peer to peer trade and data centres were attracted to Southland because of the cooler and ambient temperatures requiring less energy to cool the data processing equipment.
Algie said Grid Share was an energy start-up company and had completed an initial $2 million capital raise to launch its Monowai project. It was seeking further capital to fund it growth, he said.
The company was started by three Kiwi entrepreneurs, Algie, Sam Kivi and Craig Lusty with their vision to accelerate renewable energy growth and become the premiere green blockchain and digital currency infrastructure company for New Zealand and abroad.
Algie believed renewable energy expansion was not on track in New Zealand.
Renewable energy production doesnt match demand we cant tell the wind to blow so we can turn on the lights. This mismatch causes volatile energy markets and stalls renewable investment [which is] a growing issue as renewables increase.
Renewables need a customer who can buy power when the grid doesnt need it and turn off during peak periods.
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Bitcoin mining to be performed beside Southland power station - Stuff
Why digital transformation is the key to your survival in a competitive world? – Times of India
Any business could run successfully by operating offline a few years back. Customers would directly come to your store and buy items as per their needs. If they like your service, they will visit again and gradually become loyal to you. The point is, it was not that challenging for business owners to gain and retain customers back then. Fast forward to now, the business landscape has completely changed with constant technological evolution. As more and more customers join the digital universe, establishing an online presence has become imperative for businesses to stay relevant in todays highly competitive digital-first world, without which they will only end up turning obsolete.
The Covid-19 pandemic has already pushed businesses to adopt digital technologies. In fact, going digital was the only alternative for traditional players to continue operations during lockdowns. And this worked really well for MSMEs and startups. 28% of these businesses recorded exponential growth between 100-500% in their sales through online mediums. Apparently, their ability to digitize themselves to continue serving customers and finding prospects was one of the key survival measures.
Against this backdrop, heres how digital transformation will help organisations scale up their businesses to new heights:
Business optimisation
By investing in digital technologies like AI and IoT, businesses can get access to rich consumer insights. This will help them understand the customer and their needs better and devise solutions to address their pain points accordingly. Chatbots are a great example. Most companies leverage this innovation to respond to customer queries and address them instantly. Further, business owners can analyse these inputs to study customer preferences and stay prepared with exact solutions that customers might look for in the future. Clearly, technology makes businesses highly efficient by enabling them to make informed decisions and serve customers more seamlessly with the right solutions precisely in sync with their expectations.
Customer engagement
To win customers, it is pivotal for any business to create an interactive website and establish their presence on social media. It is essential to creatively market your products online to attract customers and eventually persuade them to buy your service. Also, businesses must equip themselves with robust feedback mechanisms to understand customer queries and address them ASAP. Most importantly, ensure that the users shopping experience is impeccable. Because when happy customers do word of mouth, the chances of securing more prospects ramp up. With the help of these digital tools, one can not only delight customers but also keep them engaged and intact to the brand.
Boosting employee morale
Digitising a business means automating most of the manual functions, which consume a lot of time. When a company becomes tech-driven, it provides employees with more time in hand, which can be spent on other critical tasks. When employees get enough time to work on particular projects, they get to experiment with their creative skills and thus deliver better performance at every point possible. Overall, technology boosts their morale and motivates them to work smarter, not harder, ensuring quality work and happy customers.
Better decision-making
A significant part of the world has already gone digital with the rapid adoption of smart gadgets in their everyday lives. This transition leads to the generation of massive data every second. However, since this data is primarily raw and unstructured, how can we make the most of it? By data mining. By extracting relevant insights from large data sets, businesses can observe and understand the evolving consumer patterns, market trends and much more. Learning this enables them to serve customers with more tailored and personalised solutions. Access to the right data also allows business leaders to smartly modify their sales and marketing strategies in sync with consumer expectations. As a result, data mining is pivotal for businesses to analyse customers and their needs and make better and more informed decisions.
Wrapping up
We have already seen how digitalisation can help businesses enhance their operations and win more customers. However, since the competition is also high, investing in the right technology alone is not enough. Business owners must also know how to use them the right way. For this, they must host interactive webinars and knowledge sessions to train their employees and help them master different digital tools. Businesses that tick off these factors will undoubtedly rule the world, while those who fail will go obsolete sooner or later.
Views expressed above are the author's own.
END OF ARTICLE
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Why digital transformation is the key to your survival in a competitive world? - Times of India
The Candy House by Jennifer Egan review information overload – The Guardian
Jennifer Egan made her name with 2011s Pulitzer-winning A Visit from the Goon Squad, a zig-zagging multigenerational saga centred on a multiplatinum record producer, Bennie Salazar. The quirky title referred to times ravages; Bennie, once part of 1970s outfit the Flaming Dildos, finds himself by the books discreetly futuristic end catering chiefly to pointers, tablet-wielding preschoolers whose tastes are the main driver of income in an industry altered beyond recognition.
The Candy House, Egans follow-up, likewise hops around a large cast, this time from the 1990s to the 2030s, and once more has its eyes on the internet (the title refers to the seduction of free-to-use online services that sneakily turn us into the product, the echo of the White House presumably intended as a suggestion of where true power now lies). Like Goon Squad, it turns reality up a notch: this is an America in which in a big-tech data grab 21-year-olds are urged to upload their memories to guard against brain injury.
Fertile ground, to be sure, but Egan has ideas to burn, and in this novel thats what she does: her painstakingly constructed backdrop has barely any impact on the books drama, ill served by characters reduced to a trait. Remember 13-year-old Lincoln, whose obsessive cataloguing of great rocknroll pauses was recorded by his younger sister in a series of PowerPoint slides, Goon Squads most eye-catching narrative stunt? Lincoln, now in his mid-20s, gets his own chapter, but his hyper-attentiveness (previously the focus of a between-the-lines take on family life) is now just a distinguishing tic, as he longs for a colleague who wears hair bands 24 percent of the time, scrunchies 28 percent of the time, and her hair loose 48 percent of the time.
Lincoln works in data mining (of course) and his storyline tees up some background action involving privacy activists known as eluders, who implant the brains of tech employees with weevils, electronic mind-control bugs that Egan keeps explaining until 20 pages from the end a mark of how little the books gizmos ultimately contribute. Theres a shortage of the human moments that made Goon Squad fizz; Bennie feeling like a fish out of water at his upstate country club, for instance, or his assistant, Sasha, hiding her kleptomania. Here, action is seen as if through gauze: witness the 2032-set chapter about a citizen agent programmed by a shadowy government agency, told as 30 two-column pages of bulletpoint-like diktats from her handlers.
You sense the novels laborious scaffolding when the narrator of a mid-1960s interlude asks: How can I possibly know all this? I was only six... How dare I invent across chasms of gender, age, and cultural context? Shes accessing a rapacious tech giants Collective Consciousness, it turns out Google with knobs on, basically and you suspect Egan only tells us that so she can write this: Getting hold of that information is arguably more presumptuous than inventing it would have been. Pick your poison if imagining isnt allowed, then well all have to resort to gray grabs (a whizzy form of memory capture).
That thought is more than enough on its own to feed the kind of topically chewy novel Egan seems to want to write. But after a long-winded set-up, its tossed aside, and the sense grows that the novels expository heft demands too much. By far the most enjoyable chapter unfolds as a late exchange of emails between various Goon Squad stalwarts out to revive their reputations by piggybacking on the fortunes of an elderly actor seeking a comeback of his own. At last, the book breathes: not only do we get the heady backstairs view of celebrity that was part of Goon Squads allure, but more vitally we relax into a rare moment of real-time interaction between characters otherwise mired in private recapitulation.
Maybe the books biggest problem (and its point, if youre generous) is that Silicon Valley will never be rocknroll. Either way, conundrums of digital-era privacy and authenticity have been better addressed in novels such as The Circle and Klara and the Sun. As for the question of whether you can read The Candy House without first reading A Visit from the Goon Squad, well... if you havent, youll probably be left baffled, but perhaps a good deal less disappointed than readers who have.
The Candy House by Jennifer Egan is published by Corsair (20). To support the Guardian and Observer order your copy at guardianbookshop.com. Delivery charges may apply
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The Candy House by Jennifer Egan review information overload - The Guardian
How Bitcoin mining devastated this New York town – MIT Technology Review
Economist Matteo Benetton, a coauthor of the paper and a professor at the Hass School of Business at the University of California, Berkeley, says that crypto mining can depress local economies. In places with fixed electricity supplies, operations suck up grid capacity, potentially leading to supply shortages, rationing, and blackouts. Even in places with ample access to power, like upstate New York, mining can crowd out other potential industries that might have employed more people. While there are private benefits, through the electricity market, there are social costs, Benetton says.
These impacts are now being felt across the country. Benetton says there are strong profit incentives to keep as many servers running as possible, and he is now calling for greater transparency in these companies energy usage. Thats not a popular opinion within the industry. But, says Benetton, if youre really doing good, you shouldnt be afraid to disclose the data.
The federal government does not currently monitor cryptocurrencys energy consumption, but Securities and Exchange Commission chair Gary Gensler recognizes that there are gaps in regulation. In a 2021 speech at the Aspen Security Forum, he referred to the industry as the Wild West.
As long as mining is so profitable, Read warns, crypto bans just shift the harm to new locations. When China banned crypto mining in 2021 to achieve its carbon reduction goals, operations surged in places like Kazakhstan, where electricity comes primarily from coal. As a result, a recent study found, Bitcoins use of renewable energy dropped by about half between 2020 and 2021, down to 25%.
Even when the industry invests in renewable energy, its sheer consumption makes it a significant contributor of carbon emissions.
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Read dismisses the promises that green investments or greater efficiencies can solve this problem. In a recent working paper, he found that cryptocurrencys energy usage will rise another 30% by the end of the decadeproducing an additional 32.5 million metric tons of carbon dioxide a year. As long as the price of Bitcoin goes up, the rewards of mining increase, which spurs energy use, he says. He refers to this situation as the Bitcoin Dilemma.
Those 32 million metric tons of carbon dioxide will make the climate crisis even worse, whether the emissions are coming from upstate New York or Kazakhstan. We all suffer as a consequence, says Read.
Lois Parshley is an investigative science journalist.
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How Bitcoin mining devastated this New York town - MIT Technology Review
Premium Spirits Market Competitive Insights, Trends, Current Opportunities and Demand Growth to 2028 Mianeh – Mianeh
Premium Spirits Market research report is the high quality report having in-depth market research studies. This market report provides best solutions for strategy development and implementation depending on clients needs to extract tangible results. It helps businesses obtain granular level clarity on current business trends and expected future developments. Businesses can achieve practical and enduring results which are driven by accurate and timely research. It enables clients to take strategic decisions and accomplish growth objectives. By leveraging the global experience of industry analysts, consultants and domain experts, global Premium Spirits report has been prepared and delivered with excellence.
While generating this finest market research report, DBMR team focuses on the several key aspects which are vital for the client to succeed in the market. The data and information included in this Premium Spirits market report helps industry take sound decisions and plan about the advertising and sales promotion strategy more successfully. A data triangulation method is applied in the report which entails data mining, analysis of the impact of data variables on the market, and primary validation.
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The Major players profiled in this report include: Diageo, Pernod Ricard, Titos Handmade Vodka, HITEJINRO CO.,LTD., Brown-Forman, Enjoy Responsibly, China Kweichow Moutai Winery Group Co Ltd, Alliance Global Group, Inc and ROUST their domestic and global players.
Premium spirits market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 283.50 billion and grow at a CAGR of 10.10% in the above-mentioned forecast period. Growing popularity of the cocktail culture in developing nations, such as China and India, drives the premium spirits market.
Major highlights of the report:
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Methodologies utilized to evaluate the market-:
This world class Premium Spirits Market report also explains market definition, classifications, applications, and engagements in the market. The key factors discussed in the report, will surely aid the buyer in studying the market on competitive landscape analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, applications in global market considering the past, present and future state of the industry.
Why the Premium Spirits Market Report is beneficial?
Some Points from Table of Content
Chapter 1 Premium Spirits Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Premium Spirits
1.3 Scope of The Study
1.3.1 Key Market Segments
1.3.2 Players Covered
1.3.3 COVID-19s impact on the Premium Spirits industry
1.4 Methodology of The Study
1.5 Research Data Source
Chapter 2 Executive Summary
Chapter 3 Industry Chain Analysis
Chapter 4 Global Premium Spirits Market, by Type
Chapter 5 Premium Spirits Market, by Application
Chapter 6 Global Premium Spirits Market Analysis by Regions
Chapter 7 North America Premium Spirits Market Analysis by Countries
Chapter 8 Europe Premium Spirits Market Analysis by Countries
Chapter 9 Asia Pacific Premium Spirits Market Analysis by Countries
Chapter 10 Middle East and Africa Premium Spirits Market Analysis by Countries
Chapter 11 South America Premium Spirits Market Analysis by Countries
Chapter 12 Competitive Landscape
Chapter 13 Industry Outlook
Chapter 14 Global Premium Spirits Market Forecast
Chapter 15 New Project Feasibility Analysis
Browse TOC with Facts and Figures of Premium Spirits Market Reporthttps://www.databridgemarketresearch.com/toc/?dbmr=global-premium-spirits-market&SB
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Resistive Touch Screen Market Size, Share, Growth, Demand, Key Manufacturers Analysis and Forecasts to 2029 Political Beef – Political Beef
This market report comprises of the most recent market information with which companies can have thorough analysis of industry and future trends. By applying market intelligence for this report, industry experts assess strategic options, outline successful action plans and support companies with critical bottom-line decisions. Competitive analysis studies of this market report aids to get ideas about the strategies of key players in the market. Not to mention, the scope of This business report can be broadened from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
Resistive Touch Screen Marketreport comprehensively estimates the overall market conditions, market growth prospects, potential restraints, important industry trends, market size, market share, sales volume, and trends. future.The report begins with an introduction to the company profile and a comprehensive review of future events, sales strategies, investments, company marketing strategy, future products, new geographic markets, actions or customer behavior using more than 100 market data charts, pie charts, graphs and figures.distributed on the pages to facilitate understanding.Microchip Technology Inc., Displax, Synaptics Incorporated., HP Development Company, LP, among other national and global players.
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The resistive touch screen market is expected to grow at a rate of 13.30% during the forecast period from 2020 to 2027.
Major Market Players: Resistive Touch Screen Market WINTEK Corporation, Microsoft, 3M, LG Electronics., Freescale Semiconductor, Cypress Semiconductor Corporation., Immersion, FUJITSU, SHARP CORPORATION, Panasonic Corporation,
Product DefinitionIncreasing funding for technological advancement in the touch screen industry, growing demand for electronic display devices around the world, adoption of touch screen technology in retail and media are some of the factors likely to enhance the growth of the resistive touch screen market in the forecast period 2020-2027.On the other hand, the growing applications of developing economies will further fuel various opportunities leading to the growth of the resistive touch screen market during the aforementioned forecast period.
Low availability of raw materials coupled with rising cost of components act as market restraints for resistive touch screens during the above-mentioned forecast period.
Main regions and countries studied in this report:
* North America(United States, Canada and Mexico)
* Europe(Germany, France, UK and rest of the world)
* Asia-Pacific(China, Japan, India and Rest of Asia-Pacific)
* Latin America(Brazil and rest of Latin America.)
* Middle East and Africa(Saudi Arabia, United Arab Emirates, South Africa and Rest of Middle East and Africa)
The important years taken into account in the study are:
Historical year 2014-2019 |Reference year 2019 |Forecast period: 2020 to 2027
Global Resistive Touch Screen Market Scope and Market Size
The resistive touch screen market is segmented on the basis of product and application.Cross-segment growth helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.
Global Resistive Touch Screen Market: Segment Analysis
Global Resistive Touch Screen Market by Product (Smartphones, Tablets, Laptops, TVs, Kiosks, Large Interactive Displays), Application (Infotainment, Business, Entertainment, Consumer Electronics, Retail, Education, Other), Country (United States ) United, Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea , Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecasts to 2027
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided in the report.
The report solves the following doubts related to the Resistive Touch Screen market:
Annual Resistive Touch Screen Market 2020 Offers:
Some excerpts from the table of contents
Overview of the global resistive touch screen market
Comparison of Resistive Touch Panel Sizes (Sales Volume) by Type
Comparison of Resistive Touch Screen (Consumption) Size and Market Share by Application
Resistive Touch Screen Size (Value) Comparison by Region
Resistive Touch Screens Sales, Revenue and Growth Rate
Situation and competitive trends of resistive touch panels
Strategic proposal to estimate the availability of key business segments
Actors/Suppliers, Sales Area
Analyze the competitors, including all the important parameters of the resistive touch screen
Global Resistive Touch Panel Manufacturing Cost Analysis
The latest mapping of innovative trends and supply chain patterns
The latest mapping of innovative trends and supply chain patterns
Thanks for reading this article;you can also get an individual chapter section or region report version, such as North America, Europe, MEA, or Asia-Pacific.
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Why is data triangulation important in qualitative research?
It involves data mining, analysis of the impact of data variables on the market, and primary validation (industry expert).Other than this, other data models include Vendor Positioning Grid, Market Timeline Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share market analysis, measurement standards, top-down analysis, and supplier share analysis.Triangulation is a method used when reviewing, synthesizing, and interpreting field data.Data triangulation has been advocated as a methodological technique not only to improve the validity of research results,
Points made in the report
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Riot Blockchain: Market And Competitive Environment In The Mining Sector – Seeking Alpha
Vertigo3d/iStock via Getty Images
Riot Blockchain, Inc. (NASDAQ:RIOT) is considered among the biggest companies in the Mining Industry.
When we talk about a particular industry like Bitcoin mining, we must consider numerous aspects.
Despite seeing a significant price collapse from the highs of more than 70% from the March 2021 highs, the company has improved some features of its business.
Data by YCharts
So, before analysing the company specifically, let's explore the features and key players in this industry.
The Bitcoin mining industry is capital-intensive, so the big players that make it up are few.
Being capital intensive requires significant and ongoing investment. Therefore, those who do not invest adequately are destined to lose their market share quickly.
In this business, a company's weight in the total market can be represented by the ratio of the company's hash rate to the network's total hash rate: the higher a company's hash rate, the greater the company's ability to mine Bitcoin (BTC-USD).
Therefore, continued investment in new infrastructure is required as the overall hash rate and complexity of transactions grows.
Just as oil companies' business is connected to oil price trends, similarly, the business of Bitcoin mining companies is deeply connected to Bitcoin price trends.
Since most mining companies keep mined bitcoins on their balance sheet (they only sell when they need to fund themselves and need traditional currency), it is clear how an increase in the price of bitcoin leads to the value of the company's assets increase in value. Similarly, however, a decrease in bitcoin price will cause the company's assets to decrease.
In the following chart, we see a similar price trajectory between some of the major mining companies (Riot Blockchain (RIOT), Marathon Digital Holding, Inc. (MARA), Hut 8 Mining Corp. (HUT) and CleanSpark (CLSK) and the price of bitcoin.
Data by YCharts
It is visibly evident how price changes are positively correlated.
This correlation makes mining companies attractive to those who do not want direct exposure to BTC but still want to take advantage of its price increases.
Another vital insight must necessarily be made into the phenomenon of Bitcoin halving. Bitcoin halving is when the amount of bitcoins paid to miners as a reward is halved. It happens every four years, and the next time it will happen will be in 2024.
The effect can be twofold. On the one hand, if we look at the price trend of BTC after halving, we see how it has always seen an increase. This can be seen in the graph below.
BTC price after halving (Investopedia)
However, there is a point to be made that the price increase of BTC did not increase solely due to halving, and as a result, it would have increased regardless at the same pace as the increase in BTC's popularity.
Therefore, despite the past increases, there is no guarantee that the halving of 2024 (and subsequent halvings) will lead to a rise in BTC prices. Anyway, if an increase in BTC price happens, there will be a positive effect on corporate assets.
On the other hand, halving means that the profitability of mining is divided by two. And in our opinion, this is the aspect that poses the most risk to all mining companies in the short term. The halving of the profitability of a business means that investments and acquisitions must be well thought out. Moreover, even if this halving is absorbed, another halving will occur in 2028 (i.e., six years from now). This means that mining activity in 2028 will be a quarter of what it is today. This is a critical consideration in the analysis of both Riot and other mining companies.
Now that we've laid the groundwork and framed the characteristics of the industry, let's move on to analyse Riot specifically.
Riot has a business model that can be divided into three areas.
The first area concerns mining activity. This is the central part of the business and impacted about 86% of the company's total revenues in 2021.
As of March 2022, the company owns approximately 6,062 BTC, all of which come from its mining operations.
Also, in the March 2022 data release conference, the company expected to end up with 53,379 miners, with a mining capacity of about 5.4 EH/s from April 2022 (from about 3.9 EH/s currently).
The mining capacity indicates the ability of the mining device to perform calculations faster and therefore shows the miner's power to confirm transactions and receive BTC as a reward for the operation.
So, in an industry like this, the hash rate of a company's mining devices is a good indicator of its competitiveness against its competitors.
As we can see from the chart below, Riot's hash rate is always on the rise, which means a lot of investment and an increase in the company's competitiveness.
By the beginning of 2023, the company expects to have a hash rate of around 12.8 EH/s, an expected increase of about 315% compared to the hash rate at the beginning of 2022.
After the last halving (July 2016), the observable global hash rate CAGR was about +135% annually for almost six years. If we compare it with the projections of RIOT, we see that the company expects to gain market share in the coming months.
Riot Hash Rate (Riot Investor Presentation)
If we look at the Hash rates of other companies in the industry, Riot ranks second after Core Scientific (CORZ) for hash rate.
So we can say that the company is well-positioned and competitive in the industry. However, growth in hash rate doesn't mean a competitive increase of the company as undoubtedly other companies will also increase their hash rate. Therefore, there is a real possibility that some companies will overperform Riot's growth in terms of hash rate and that the industry overall will increase faster than the historical growth in hash rate.
Comparison of competitors' hash rates (Riot Investor Presentation)
The second business area is the Data Center Hosting. This business segment focuses on providing co-location services for institutional-scale Bitcoin mining companies. To operate this business, the company has bought the Whinstone Facility. Currently, this business impacts approximately 12% of its total revenues.
The third business area is Engineering. They entered this business by acquiring a strategical partner: Ferrie Franzmann Industries, LLC ("ESS Metron"). This acquisition provides Riot access to critical electrical components and engineering services to develop and improve their infrastructure.
This business accounts for only about 2% of total revenues.
Riot is investing heavily in developing new technologies that will allow them to grow in terms of Hash Rate faster than the global network. A clear example is a development they have underway of immersion-cooled miners. This type of miner will allow Riot, once implemented, to have an increase over air-cooled miners in performance of about 50%, which implies an increase of about 25% increase in Hash Rate.
Riot expects the growth to reach 12.8 EH/s by January 2023, but let's look at some of the competitors to see how the industry will look in the following years. If we calculate a growth for the whole of 2022, starting from 3,1 EH/s (Hash rate capacity at the beginning of the year), we see an expected growth of 316% for the whole of 2022.
The growth in terms of Hash Rate and mined BTC does not only affect Riot but also all other companies in the industry.
Some examples: Marathon (MARA) is expanding its fleet of miners and expects to be carbon-neutral in 2023 with a Hash Rate capacity of around 23 EH/s. (Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for March 2022). So, if we consider that MARA had 3,9 EH/s at the beginning of the year, to arrive at 23 EH/s, the company's capacity is expected to grow 497% its Hash Rate capacity in the whole of 2022.
Another example: CleanSpark (CLSK) expects to grow from the current 2.9 EH/s to over 10 EH/s by spring 2023 (CleanSpark Announces March 2022 Bitcoin Production). This means a growth in 2022 of 244%.
Core Scientific (CORZ), the actual leader in terms of Hash Rate capacity, had at the beginning of the year a capacity of 13,5 EH/s and expects to reach 40 EH/s between the end of 2022 and the start of 2023. This means a growth of 196% in EH/s capacity.
In terms of forward multiples, we see that RIOT has an EV/Sales ratio between MARA, CLSK and CORZ.
Data by YCharts
Despite already being one of the leading companies, RIOT expects to be able to grow its capacity at one of the highest rates in the industry, which may allow it to maintain good revenue growth, should there be no major shocks to the price of Bitcoin. Of course, this does not come at zero expense. For example, RIOT had to invest $274.8M as deposits for equipment, primarily for miners, last year. In addition, the company has pursued various acquisitions that collectively have further diluted shareholders.
Over the next few years, further investment will be required to continue the company's firm policy, which is very unlikely to bring RIOT to a profitable level of free cash flow.
Overall, in our opinion, the high capital intensity required to carry on the growth of the company, as well as every other company in the crypto-mining industry, makes it unattractive at first glance.
However, the bottom line is heavily dependent on Bitcoin, and therefore we believe an investment in BTC is more conservative and lower risk. In the event of a substantial rise in BTC, crypto-miners could do better in the short term, but a lot of investment is required to sustain the industry's growth, which will erode the company's bottom line in the short term.
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Riot Blockchain: Market And Competitive Environment In The Mining Sector - Seeking Alpha
Could Hosting Colocation Be One Of The Next Big Things In The Bitcoin Mining Space? – Benzinga – Benzinga
Photo by Taylor Vick on Unsplash
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Bitcoin BTC/USD the most popular cryptocurrency with the largest market capitalization is capturing the attention of more people, making it a highly competitive mining market.
Most Bitcoin miners likely strive to maximize profits while maintaining a good rapport with the community, so colocation could be an option for those who want to increase profits or expand their operations.
Colocation, also known as colo, allows someone to rent space in a third-party data center instead of owning servers in their own office space. What this means is that Bitcoin miners can shift their mining equipment by renting space in a colocation hosting center that provides everything necessary to effectively and efficiently run the Bitcoin mining equipment.
With colocation, a miner can fully own the physical mining hardware and rent the required physical space to house it. The colocation hosting facility holds ASIC machines in racks and connects each of them to the internet. Apart from sharing internet bandwidth, the center also provides cooling facilities and power connections. Colocation reportedly offers the following advantages:
Mawson Infrastructure Group Inc. MIGI, a digital infrastructure provider that invested in Bitcoin mining, is among the companies providing hosting colocation services.
In March, Mawson partnered with Celsius Network LLC and Foundry Digital LLC to have an accumulated 112 megawatt (MW) of hosting contracts. This brings the total MWs for hosting customers to 116. The hosting deals place Mawson among the largest hosting colocation companies listed on Nasdaq Stock Market just behind Riot Blockchain Inc. RIOT and Core Scientific Inc. CORZ.
According to the company, there is a significant level of demand for colocation services, owing to the large number of Bitcoin mining rigs ordered last year. However, most miners do not have enough energy to power the machines. Mawson, which says it invested heavily in energy and energy infrastructure, is helping miners turn on their mining machines.
Customers renting Mawsons colocation facility are charged an infrastructure fee with a power margin. Last year, Mawson generated $850,000 from 2MW of hosting colocation customers. Using simple algebra on the much larger hosting co-location customer base this year, 116 MW hosting, which will be online by July, the company reportedly has the potential to generate up to $50 million in annual revenue from its expanded hosting co-location business. The revenue excludes the companys $38.5 million generated from Bitcoin self-mining in 2021.
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Research Fellow, Machine learning, Data Science, Artificial Intelligence on NLP job with NATIONAL UNIVERSITY OF SINGAPORE | 289646 – Times Higher…
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We are looking for a Research Fellow who will be responsible for undertaking in-depth research and innovation in machine learning, data science, and artificial intelligence on natural language processing for information extraction and knowledge discovery that lead to publications in top-tier international conferences and journals, as well as real-world implementations.
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