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Daily Archives: July 7, 2022
Will Marathon Digital Join Other Miners In Selling Bitcoin? CEO Weighs In – Bitcoin Magazine
Posted: July 7, 2022 at 9:13 am
Bitcoin miners have historically sold BTC as they produced it to cover operating costs. But over the past couple of years a HODL strategy has permeated the industry as participants have opted to pay off expenses with debt instead.
Miners racked up much bitcoin- and equipment-backed financing to raise a combined $4 billion in capital for daily expenditures as bids to keep increasing bitcoin treasuries rose in the industry.
While that strategy worked fine during the 2020-2021 bull market, when the bitcoin price was increasing and capital was easier to raise, over-leveraged miners have come under extreme pressure this quarter as the cryptocurrency lost over 70% of its U.S. dollar value.
Consequently, with current macroeconomic conditions impairing companies abilities to raise capital and a bleeding bitcoin price, many public miners saw themselves with no other option than to give up on their HODL mentality.
In May, most public miners started selling considerable amounts of bitcoin to pay off debt or recurring costs, and the trend has apparently not died off. While some have sold only periodically their mined BTC since then, others have opted to part ways with some of the coins they had put in the balance sheet in previous months.
In June, Riot Blockchain sold 300 BTC, while CleanSpark sold 328. Core Scientific, however, went a bit further and dumped 78.6% of its bitcoin holdings for $167 million, which it said were primarily used for payments for ASIC servers, capital investments in additional data center capacity and scheduled repayment of debt. The firm added that it will continue to sell self-mined bitcoins to pay operating expenses, fund growth, retire debt and maintain liquidity. Bitfarms also sold a considerable chunk of its holdings over 3,000 BTC last month. Meanwhile, Marathon Digital Holdings and HUT 8 remain depositing monthly bitcoin production into custody.
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Marathon has been able to keep holding its bitcoin so far partly because of its operations structure. Contrary to some other big miners, the firm doesnt seek to vertically integrate; rather, it outsources most of its operations while retaining ownership of its miners, which incurs costs only when the machines are online and hashing.
I dont have to worry about land leases, buying transformers, buying containers, building buildings, paying deposits to the energy providers, et cetera. What we do is we contract with a hosting provider with a fixed price, Marathon CEO Fred Thiel told Bitcoin Magazine.
So our model means that in times like this, we can literally just sit on our miners and, if we have to, operate at a very low cost, he continued. Because were not having to prefund these big CapEx [capital expense] investments. So it gives us an advantage in this current market situation.
While this lean structure has allowed Marathon, which is the largest bitcoin holder among public bitcoin miners, to forgo selling bitcoin thus far, the company could soon start selling some of its produced BTC, Thiel suggested.
The executive explained that while the company currently is one of the very few miners who havent sold bitcoin amid a broader market slump, future market conditions might lead to a change in the companys strategy.
If bitcoin remains at these levels, it could be prudent for us to at least sell bitcoin as were mining it, enough to cover the current expenses, Thiel said. Were currently not looking at necessarily selling our stockpile of bitcoin, but again, if it makes sense for us to do that from a capital perspective, then we would.
Thiel highlighted that different price action by bitcoin will incur different actions from Marathon as the company seeks to navigate the current market; the executive hinted at three possible scenarios.
If the situation remains status quo with the bitcoin price bouncing between $18,000 and $22,000, theres one strategy. If bitcoin drops below that, theres another strategy. And if bitcoin goes above that, theres a third strategy, Thield said, declining to provide more details.
I prefer just not to go deeper than say that there may come conditions where we would sell the bitcoin as we mine it to cover operating expenses, and there may come a point where we would sell some of our stockpiling to cover CapEx if we needed to.
While a sustained period of time in current levels could require Marathon to sell its monthly production, as Thiel explained, the firm would only be pressured to sell its accumulated BTC and risk losing its status as the largest public miner bitcoin holder if price began ticking lower. On the other hand, a rally would allow Marathons HODL strategy to remain intact.
Its just my personal belief that bitcoin is gonna grind along at these levels until something changes in the macro environment and people are willing to invest in risk-on assets again, Thiel theoreticized.
And that may come in the latter part of this year or next year, who knows at this point? Its really going to be very dependent on the Federal Reserve and the degree to which we enter into recession and the economy, right?
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Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1100 BTC, and Zuckerberg Eyes Metaverse Money Bitcoin.com News Week in Review The Weekly Bitcoin News…
Posted: at 9:13 am
As July begins and markets remain bearish, theres still no shortage of dynamic developments in the crypto space. In this weeks Bitcoin.com News Week in Review, sleeping bitcoins from 2010 make moves, Rich Dad Poor Dad author Robert Kiyosaki says he is waiting for bitcoin to test $1,100, Russia denies debt default allegations, and Mark Zuckerberg discusses the opportunities of the metaverse.
A large number of so-called sleeping bitcoins have awoken from slumber as four block rewards were spent at block height 742,183. The old coins spent last week were block rewards mined on September 15, 16, 26, and October 29, 2010. During that time frame, bitcoin miners received 50 BTC for every block found in contrast to the 6.25 BTC per block reward miners get today.
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says hes waiting for the price of bitcoin to test $1,100. He added that he will buy more if the cryptocurrency recovers from that price level.
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According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russias finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system.
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Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. Our playbook over time has been build services, try to serve as many people as possible, said Zuckerberg.
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What are your thoughts on this weeks developments in finance and crypto? Be sure to let us know in the comments section below.
Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1100 BTC, and Zuckerberg Eyes Metaverse Money Bitcoin.com News Week in Review The Weekly Bitcoin News...
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Where Did the First Quasars Come From? – Sky & Telescope – Sky & Telescope
Posted: at 9:11 am
Just 700 million years after the Big Bang, when the universe was still in its infancy, we already see supermassive black holes with the heft of 1 billion Suns. How could they have grown so fast? A team of astronomers is using computer simulations to glimpse what the formation of these dark behemoths might have looked like.
If you wish to make a billion-solar-mass black hole from scratch, to borrow a phrase, you must start with a star or perhaps only with the gas that stars are made of.
While the universes first stars might have made the first black holes, those would have been relatively small on the supermassive scale, with masses of only around 100 Suns. Perhaps the first stars clustered and so when stars made black holes, those black holes merged and then merged again. Even then, such black hole seeds would have been only 1,000, maybe 10,000 solar masses. These black holes would have had to grow super-fast to become supermassive in such a short amount of time.
But theres another way: Some astronomers have put forward the idea that in the small early universe, when gas was dense and pristine, gas clouds could collapse directly into more massive black holes.
The calculations for such massive implosions are delicate, though. Whats to prevent pieces of the gas cloud from cooling and collapsing under their own weight, as star-forming clouds in the modern universe are wont to do?
Some astronomers have suggested the ultraviolet emission of nearby newborn stars might have heated the gas, keeping it too warm to fragment. Others have argued that such specific requirements would make the process too rare to explain the number of supermassive black holes weve already found in the young universe.
Now, Muhammed Latif (United Arab Emirates University), Daniel Whalen (Portsmouth University, UK, and University of Vienna), and colleagues report in Nature that massive black holes can form without these special conditions.
The finding relies on computer simulations, which rebuild the conditions of the infant universe, when it was less than 100 million years old. Simulations are necessary because this era of the first stars is out of reach for our current telescopes.
The simulation followed the growth of a small, frothing sea of matter fed by four torrents of inflowing gas. While such nodes would have been common in the web of material filling the universe, Whalen says these streams were unusual because they carried so much gas. Latif adds that the rivers of gas were not only dense but fast-flowing; rushing in at speeds of 50 km/s (more than 100,000 mph), they carried between 1 and 10 Suns worth of material per year.
The sea at the center of these streams of material grew, and within the sea a clump took shape, and then another. The turbulence of inrushing gas flows kept the massive clumps from collapsing straightaway into stars; instead, the clumps continued to grow. By the end of the simulation 1.4 million years later they contained tens of thousands of Suns worth of mass.
Eventually, these clumps compress into what the researchers call supermassive stars; following their evolution requires a different kind of computer simulation, one that takes stellar physics into account. The stellar monstrosities dont last long in this simulation, just 1 million years, before they collapse again into black holes of 30,000 and 40,000 solar masses, respectively.
Such massive seeds could easily collect more gas and grow to become the dark behemoths seen by astronomers. Even though the kind of confluence explored in this study is rare, Latif, Whalen, and colleagues estimate that it would occur often enough to explain observations.
The new environment replete with cold flows thats numerically explored in this study is very exciting, says Priya Natarajan (Yale), as it seems to provide a natural pathway for the formation of massive black hole seeds.
But it isnt the only scenario that results in direct collapse, she cautions. Natarajan, who wasnt involved in the current study, explored a different scenario back in 2014, finding that a dense star cluster could similarly allow direct collapse to happen. The upshot isthat there are multiple pathways to rapidly amplifyand make massive black hole seeds in situ and early in the universe.
Upcoming James Webb Space Telescope observations, she adds, will help distinguish between the different black hole seed scenarios. Webb wont be able to detect the supermassive stars, even though theyre millions of times more luminous than the Sun, but its possible it could detect the black hole seeds that are still growing when the universe is less than 200 million years old.
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Astronomers discover the fastest star in the known universe – The Independent
Posted: at 9:11 am
Researchers have discovered the fastest star in the known universe.
The star, called S4716, orbits the Sagittarius A black hole in the centre of our Milky Way, located at a distance of 100 AU the distance between the Earth and the Sun from our planet.
The star is packed in an S cluster of over 100 stars known for moving particularly fast.
After observing S4716 for almost 20 years, the scientists have established that it travels around the supermassive black hole, which has a diameter of 23.5 million kilometers, in only four years at a speed of 8,000 kilometres per second.
For a star to be in a stable orbit so close and fast in the vicinity of a supermassive black hole was completely unexpected and marks the limit that can be observed with traditional telescopes, said Dr Florian Peissker, lead author of the new study.
The close-range orbit of S4716 is still puzzling to scientists. Stars cannot form so easily near the black hole. S4716 had to move inwards, for example by approaching other stars and objects in the S cluster, which caused its orbit to shrink significantly, Michael Zajaek, an astrophysicist at Masaryk University in Brno, Czech Republic, who was involved in the study, said.
A total of five telescopes were needed to observe the star, with four of these five being combined into one large telescope to allow even more accurate and detailed observations.
The researchwas published in The Astrophysical Journal.
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Kalamazoo Astronomical Society invites the public to stargaze in July – WKZO
Posted: at 9:11 am
KALAMAZOO, MI (WKZO AM/FM) The Kalamazoo Astronomical Society is inviting the public to observe the wonders of the universe at its Owl Observatory in July.
The Observatory features a 16-inch Schmidt-Cassegrain telescope.
In addition, telescopes of all sizes will be set up near the observatory which is located on the grounds of the Kalamazoo Nature Center at 7000 North Westnedge Avenue.
Upcoming observing dates:
Saturday, July 9:The Moon and Double Stars of Summer
Saturday, July 23:Saturn and the Summer Triangle
Observing begins both nights at 9:30 p.m.
Each session will also feature a constellation workshop to help attendees learn to read a simple star map and find bright stars and constellations on their own.
The workshop will be followed by a guided tour of the night sky.
More information can be found at http://www.kasonline.org/
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The Universe, One Word at a Time – Astrobites
Posted: at 9:09 am
Title: Audio Description And Other Inclusive Resources In The Outreach Project Astroaccesible
Authors: Enrique Prez-Montero, Celia Barns-Castao, Emilio Garca Lpez-Caro
First Authors Institution: Instituto de Astrofsica de Andaluca CSIC, Glorieta de la Astronoma s/n, 18008, Granada, Spain
Status: To appear in 2nd Workshop on Astronomy Beyond the Common Senses (2022) RevMexAA(SC) [closed access]
Most people see astronomy as a purely visual fieldliterally. Scientists observe planets or galaxies with a telescope, create colorful images, analyze plotted data, or study stars whizzing about in simulations. A group led by Dr. Enrique Prez Montero, a scientist at the Institute of Astrophysics of Andalusia in Spain, is trying to change this solely visual picture. Dr. Prez Montero uses spectroscopy to study the interplay between massive stars and the interstellar medium, along with looking at surveys of star-forming galaxies. He is also visually impaired, and leads the project Astroaccessible, which aims to let blind and visually impaired (BVI) individuals experience and participate in astronomy through conferences, classes, and accessible resources that can help level the playing field between sighted and blind individuals.
While in-person outreach events are best-suited for introducing valuable resources such as high-contrast images, 3D printed sky maps, or hands-on models, the pandemic has pushed these kinds of opportunities into the virtual world of Zoom. Without specialized equipment, participants are no longer easily able to access these kinds of tactile resources. Astroaccessibles project El Universo en palabras (The Universe in words) overcomes this barrier by instead letting participants hear the universe when touching it isnt an option.
The projects main goal is to create audio descriptions (AD) of images featuring various well-known and popular astronomical objects, such as the Crab Nebula and Whirlpool Galaxy. Audio description isnt a new conceptits been around since the 1990s, and nowadays many streaming services like Netflix offer audio description for a selection of programming. For a movie or TV show, turning on AD adds extra narration in between dialogue that explains important visual elements on screen, such as how a character is moving or the arrangement of a room. While initially created to make audiovisual media more accessible to a BVI audience, AD can create a richer, more helpful experience for other users such as viewers who have trouble understanding emotion in facial expression, or a sighted viewer that might have missed an important background detail during a chaotic action scene.
Audio description also doesnt have to be limited to TV shows or movies. The Astroaccessible team points out past studies that have found that AD in museums and live events have the potential to give every visitor an enriching experience. If youre at an art or history museum, it might be overwhelming to look at a large, detailed painting all at once or figure out what parts of an ancient machine are used for. Having a guided audio description of where to look gives visitors a multisensory experience while also pointing out details they might not have noticed on their own, thereby giving them a more complete understanding and appreciation of the painting or artifact they are examining.
El Universo en palabras aims to create the same experience for viewers learning about the cosmos. Translation and Interpreting students working with both AD and astronomy outreach experts at the University of Granada took on the challenge of translating the visual details of complex deep-space objects into an audible, detailed description that is heard over a video showcasing each object. The astronomical image is not stagnantthe video pans around and zooms in and out, highlighting different parts of the object while describing its structure, color, and details, explaining the scientific significance of these features as well. This format provides a mental conception of the object and a helpful guide for interpreting what you are seeingan audio tour breaking down each galaxys or nebulas complex structure into bite-sized pieces. Students can also use these videos in parallel with any tactile resources that might be available, as well as with sonifications of these objects made by other outreach groups such as the nebulous Pillars of Creation or gas of the galaxy M87, host to the first-ever imaged black hole. The group has currently produced five videos of various Messier objects and aim to create many more in the future, hopefully also translated into other languages.
The majority of sighted astronomers cant don space suits and fly through a nebula or star hop around a galaxy to learn about the universe. Instead, they use tools available to them to gather remote data and convert it into the medium thats most natural to thema picture or a graph. But groups like Astroaccessible show us that we dont have to limit ourselves to displaying data this wayvisuals shown in tandem with audio and tactile media can create a delightful accessible experience for everyone, no matter if you prefer to put your eye or ear to the cosmos.
Astrobite edited by Olivia Cooper
Featured image credit: Astroaccessible
About Katya GozmanHi! Im a third year PhD candidate at the University of Michigan. Im originally from the Northwest suburbs of Chicago and did my undergrad at the University of Chicago. There, my research primarily focused on gravitational lensing and galaxies while also dabbling in machine learning and neural networks. Nowadays Im working on galaxy mergers and stellar halos, currently studying the spiral galaxy M94. I love doing astronomy outreach and frequently volunteer with a STEAM education non-profit in Wisconsin called Geneva Lake Astrophysics and STEAM, as well as work at our on-campus observatory and planetarium.
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ASTRONOMY: The Milky Way is coming! – NWAOnline
Posted: at 9:09 am
The Milky Way is coming! This month, we will say goodbye to the galaxies near Leo the Lion because, as the earth moves along its orbit, the earth faces in the direction of the Milky Way. There are still lots of galaxies to be seen, but they are a challenge to find and it will take a big 'scope, 10 inches or bigger, to see them well.
Our galaxy is a so-called barred spiral. Look up barred spirals and you will see good examples and good illustrations.
In the spiral arms of our galaxy, there is still star formation -- new stars just starting their fusion cycle and moving toward maturity. One definite sign of this is that there are very many ambient clouds of hydrogen, collapsing over time to form new stars.
In this article, I have included a good example, lying along a line of sight toward the center of our galaxy. This example is the Lagoon Nebula, a rich star-forming region about 4,000 to 6,000 lightyears away. Such areas of hydrogen fluoresce in a characteristic red or magenta color because the forming stars, young and hot, give off ultraviolet radiation very strongly and this causes the characteristic glow. It is the same mechanism as occurs when one shines a black light, which is really an ultraviolet light our eyes can't see, in a cave with certain minerals. These minerals are stimulated. They glow.
In the image I have provided, some stars have already formed; some stars have yet to form, but they will, over long periods of time. Spiral galaxies are active things -- they change over very long spans of time, mostly by making new stars.
Our Milky Way galaxy has very many of these star-forming regions. In elliptical galaxies, another form of galaxy entirely different from spiral galaxies, the star-forming clouds of hydrogen have all been turned into stars and we do not see the red, glowing areas where there is ambient hydrogen. Lots of good images of elliptical galaxies are available on the Internet.
Summer is the time of the Milky Way. It is also a good time to learn two constellations if you don't already know them. A really large constellation is Scorpio the scorpion. You could look this up on a star map on the Internet and, after you have seen an illustration, try to make it out on the southern horizon. It really does form the shape of a very large scorpion, complete with stars that form its claws and a stinger tail! It also has a very bright and very large red giant star, Antares, to mark the center of the scorpion.
A bit more difficult is the constellation Sagittarius. You can look this one up too, but it will be easier to find in the sky if you look for a teapot instead of the mythological character. Even so, this constellation does not contain any really bright stars and is often just on the edge of the southern horizon from our vantage in Arkansas.
Summer often brings very good weather to look at the Milky Way and this is best done under the darkest sky you can find. Use binoculars to cruise along its edge -- it is very beautiful!
David Cater is a former faculty member of JBU. Email him at [emailprotected] Opinions expressed are those of the author.
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Technology Types & Uses | What is Technology? – Video & Lesson …
Posted: at 9:08 am
Types of Technology
There are many different types of technology, differing in historical invention and application, as well as by the type of problem they solve. Types of technology include mechanical technology, medical technology, communications technology, electronic technology, and industrial and manufacturing technologies. Though these different types of technology all serve different purposes, range in design, and are applied in different ways, they all have one thing in common: they all solve a problem.
Mechanical technology is one of the simplest forms of technology, both in its application and in its design. Mechanical technology is the use of simple machines to solve problems. This includes the use of pulleys, levers, wheels and axles, wedges, inclined planes, and even cogs and gears. Mechanical technology is used for any task that involves doing mechanical work, which is primarily the motion of objects. Any machine, generator, or tool used to do work uses mechanical technology.
A shaduf is an ancient lever and fulcrum used to retrieve water from dug wells.
Though mechanical technology is simple, it has allowed for extremely important advancements in the human experience. Early humans using the wheel allowed for the transportation of heavy material to be faster and easier. The first wheel was found in ancient Mesopotamia, and is thought to be used as a potter's wheel to throw clay pots. Ancient Egypt and India saw the invention of the shaduf, a hand-operated lever and fulcrum used to lift water to irrigate crops. Ancient Greek philosopher Archimedes was the first to record simple machines, including pulleys, levers, and inclined planes, all used as machines to lessen the work needed to accomplish a task. During the Industrial Revolution, mechanical principles were used in the invention of engines, which use a system of pistons to generate large amounts of force needed to move trains and power factories. In modern times, mechanical technology is employed to accomplish all sorts of engineering tasks, such as running our cars, lifting heavy objects, and transporting goods.
Medical technology is defined as the application of scientific principles to develop solutions to problems regarding health, prevent or delay the onset of disease, and promote the overall health of humans. Medical technology is used to prevent, diagnose, treat, and monitor symptoms and diseases. This includes the production of drugs and medications, and the use of x-rays, MRIs, and ultrasounds which are tools used to look in the body for ailments. Ventilators are another type of medical technology, and are used to assist people in breathing. Medical technology can also include the equipment invented and used specifically for medical practices, from stethoscopes to scalpels.
An MRI scans the internal organs of a person, and helps doctors diagnose ailments.
Communications technology is the application of scientific knowledge to communicate. This includes everything from telegrams to landlines to cell phones. The internet is considered a communications technology, because it is a system that communicates information in infinite ways. Communications technology also includes systems that aid in the effectiveness and efficiency of communication, such as communication satellites.
Electronic technology is the application of scientific understanding of electricity to do work and perform tasks. We think of electronic technology as the many electronic devices, known as electronics, used in our modern world, such as tablets, laptops, and phones, all with internal computers that run on electricity. However, electronic technology includes any machine that runs on electricity. This includes washing machines, lights, and toasters. Electronic technology uses a system of electrical circuits to achieve a goal. This system can be simple, like that of a light circuit, or can be very complex, like that of a computer. Regardless of the system's complexity, if it uses electricity, it is considered electronic technology.
A Nintendo 64 controller circuit board shows the intricate ways electricity powers a computer.
Industrial and manufacturing technologies is the application of scientific principles to make the production of objects faster, safer, and more efficient. It is a large field that includes many other forms of technology, including electrical and mechanical technologies. In the Industrial Revolution of the 1700s and 1800s, this type of technology revolutionized how humans travel, eat, and live. The invention of engines enabled factories to build machines that mass-produced objects. Engines also enabled those products to be shipped like never before, and a huge variety of products were available to people all over the world. The advancement of industrial and manufacturing technologies also revolutionized war, making the production of weapons faster and cheaper. Through the 1940s, '50s, and '60s, manufacturing technologies brought the world fast food, paper plates, and cheap and affordable housing.
A woman working in a 1914 British wartime factory.
Forms of technology have been developed and used as far back as humans have existed. Some of the earliest tools used by humans included sharpened stones used as arrowheads, axes, and cutting tools, which can be considered mechanical technology. With the invention of the wheel, early humans were able to make more sophisticated pottery, as well as lighten the load through the use of wheelbarrows. Boats, which were invented and used before the wheel, utilized all sorts of technologies, from navigational tools to pulley systems and wind power. Plumbing and irrigation technologies allowed for the transportation of water to vital systems needed for human life, such as watering crops and providing water for human consumption, to the disposal of waste. Building structures became easier as technology advanced, which lead to some of the most impressive structures ever built by humans, including Stonehenge and the Egyptian Pyramids. As technologies advanced, so too could civilization. More technology meant more solutions, which meant bigger cities, more trade, and the expansion of civilization.
What does technology mean for the future? If the past is any indication, technology is the key to solving the world's problems. Technology has revolutionized different ways of doing things, ways that improve the lives of humans, and advanced industries. The advancement of technology has also led to harmful effects on both people and the environment, particularly the invention and overuse of fossil fuels as an energy source to power so many of the technologies used in our modern life. Though technology has harmed the planet in our overuse of the planet's resources, technology could be the answer to many of the climate problems we face today. Technology has the power to solve modern problems as well, and the problems humans have faced in the past. With the world's greatest minds ever seeking solutions to the problems we face today, and an increasing number of people recognizing those problems, technology is sure to find ways of increasing the quality of life for humans, as well as the overall health of the planet and all who live here.
Technology has advanced human society for as long as our species has been in existence. Human life is full of problems that need solving, and technology provides innovative solutions to those problems that reduce effort and increase efficiency. Technology is the use of scientific knowledge for practical purposes that benefit our everyday lives, as well as the industries created by humans. There are several types of technologies. Mechanical technology includes the use of machines to do work, and utilizes many simple machines such as wheels, levers, pulleys, and even cogs and gears that all function together to accomplish a task. Machines that move are mechanical technology. Medical technology is another type, and includes ventilators, medication, and MRIs. Communication technology is the third type, and includes all types of tools used to communicate, from telegrams to telephones. Electronic technology includes technology that requires electricity, from dishwashers to blenders to various electronic devices. Finally, industrial and manufacturing technologies advance ways of producing objects used by people around the world.
Since technology can be so simple or so complex, there are many types of technology. One type is mechanical technology, which includes wheels, cams, levers, gears, belts, and engines. Things that turn, or allow motion in one direction to cause a different kind of motion, are mechanical. The wheel is probably one of the most important technological advances in human history, and yet it's super simple.
Perhaps the type of technology that we're most familiar with in modern life is electronic technology, usually just called electronics, which is a complex form of technology that uses electric circuits to achieve a goal. Electric circuits can also vary in complexity. If you have a look at a circuit board with dozens of apparently random pathways mixed in with various components, you know how complex electronics can be. But, anything that runs on electricity is electronic. This includes computers, washing machines, dryers, MP3 players, car radios, televisionsanything you plug into the wall outlet. You can also split technology into types based on purpose. There's industrial and manufacturing technology, medical technology, communications technology, and others.
Industrial and manufacturing technology is technology with the goal of either producing a product on a large scale, or performing another large-scale function where customers are not directly present. For example, you might be manufacturing cars or generating electricity. Cars are created using mechanical robots, which is very advanced technology.
Medical technology is technology that serves the purpose of diagnosing, treating, or preventing disease. This can include things like MRI scanners, which take images of the inside of the human body; ventilators, which breathe for people; or even simply drugs and medicines that people take to make them better.
Communications technology includes everything from the old-fashioned telegraph, through to telephones, cell phones, communication satellites, and the Internet. The Internet could be considered one of the biggest communications technology breakthroughs of the last 50 years.
Technology is the work of humans at its most ingenious. Practically everything that has changed the day-to-day lives of humans over the last 10,000 years is some form of technology.
Technology is the use of scientific knowledge for practical purposes or applications, whether in industry or in our everyday lives. It includes everything from the wheel to computers to medicines to zippers and buttons on clothes. We discussed many types of technology.
Mechanical technology includes wheels, cams, levers, gears, belts, and engines, while electronic technology is a complex form of technology that uses electric circuits to achieve a goal, with some examples being computers, MP3 players, and washing machines. We also talked about industrial and manufacturing technology, which is technology with the goal of either producing a product on a large scale or performing another large-scale function where customers are not directly present. Medical technology is technology that serves the purpose of diagnosing, treating, or preventing disease, whereas communications technology includes everything from the old-fashioned telegraph, through to telephones, cell phones, communication satellites, and the Internet
As we have seen in this lesson, technology is responsible for completely changing the way humans live their lives.
When you are finished, you should be able to:
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Ryan Joins Automation Anywhere Technology Alliance Program – Yahoo Finance
Posted: at 9:08 am
DALLAS & LONDON, July 07, 2022--(BUSINESS WIRE)--Ryan, an award-winning global tax services and software provider, today announced that it has joined the Automation Anywhere Technology Alliance Program to arm tax professionals with robotic process automation (RPA) to refine operational efficiencies.
Automation and digital workers, which are software bots that automate business processes so workers can focus on higher value, strategic tasks, are increasingly being used by organizations around the world, including tax and finance functions. The technology can automate a vast range of manual and cumbersome tasks in a flexible, scalable manner. This ensures a high level of accuracy and consistency, enabling the accelerating move to "real-time" data processing.
The use of RPA, combined with artificial intelligence (AI), machine learning, and analytics, is part of a broader approach to data processing. It is supported by Ryans tax transformation expertise through a hands-on and flexible approach, with a range of available technology solutions (within clients existing portfolios and in the market), enabling an increasing number of clients to build their own "future-fit," flexible, and scalable tax functions.
"The collaboration with Automation Anywhere is another weapon in our arsenal to help our clients accelerate their own transformation journeys. RPA is a key driver of automation and standardization, particularly where clients tax functions are working with data from a range of sources or managing disparate teams," said Andrew Burman, Ryan Principal Tax Technology and Transformation. "Combining the capabilities of the Automation Anywhere platform with our expertise and experience will help clients realize their optimal tax operating model and accelerate their tax transformation journey."
"We are delighted to welcome Ryan into our Technology Alliance Program," said Alastair Lines, Director, Strategic Partnerships, Automation Anywhere. "Tax professionals typically spend more than half their time either gathering or manipulating data. By staying ahead of the curve, tax departments can automate routine, predictable tasks that tie up valuable resources and add greater value to the business."
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About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a 10-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryans multidisciplinary team of more than 3,500 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the worlds most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. "Ryan" and "Firm" refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005032/en/
Contacts
Stacey UnderwoodSenior Manager, Content, Communications, and Public RelationsRyan972.934.0022stacey.underwood@ryan.com
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FBI and MI5: ‘The Chinese government is set on stealing your technology’ – The Verge
Posted: at 9:08 am
The heads of the FBI and UK domestic security service shared a platform for the first time to issue dire warnings about the threats posed by the Chinese governments espionage operations, BBC News reports. FBI Director Christopher Wray and MI5 Director General Ken McCallum were speaking at a joint event at MI5s London headquarters in front of an audience that included business CEOs and senior figures from universities.
The Chinese government is set on stealing your technologywhatever it is that makes your industry tickand using it to undercut your business and dominate your market, the Wall Street Journal reports Wray said in the speech. The FBI director added that the benefits of keeping a piece of technology confidential may sometimes outweigh those of accessing the Chinese market.
Maintaining a technological edge may do more to increase a companys value than would partnering with a Chinese company to sell into that huge Chinese market, only to find the Chinese government and your partner stealing and copying your innovation, Wray said, adding that it represents an even more serious threat to western businesses than even many sophisticated businesspeople realized.
In their speech, the two allege that the Chinese government is engaged in a coordinated campaign to gain access to important technology, and to cheat and steal on a massive scale. They added that the Chinese governments hacking program dwarfs that of every major country, and that it has a global network of intelligence operatives. The threat means that MI5 is running seven times as many investigations into Chinese activity as it was four years ago, while the FBI is opening roughly two new counterintelligence investigations every day, The Wall Street Journal reports.
Today is the first time the heads of the FBI and MI5 have shared a public platform, MI5s McCallum said. Were doing so to send the clearest signal we can on a massive shared challenge: China. He added that the threat is real and its pressing and that it could be the most game-changing challenge we face.
In terms of specific examples, MI5s McCallum cited the case of a British aviation expert who was offered a job by a company that was actually a front for Chinese intelligence officers looking to acquire technical information on military aircraft, BBC News reports. Another engineering firm came close to making a deal with a Chinese company, before seeing its technology taken and the deal called off. The incident forced the company into bankruptcy.
A spokesperson for Chinas embassy in Washington, Liu Pengyu, denied the allegations, telling the Associated Press in a statement that the countrys government firmly opposes and combats all forms of cyber-attacks and will never encourage, support or condone them. The Chinese government maintains that it does not interfere in the affairs of other countries, but that it will defend itself against cyberattacks. The statement criticized U.S. politicians who have been tarnishing Chinas image and painting China as a threat with false accusations, the Wall Street Journal reports.
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