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Bitcoin. Those who forget that all currencies are valuable only because we believe in them often laugh at the magical Internet currency as “worthless” and “fabricated.” Perhaps the most powerful currency in the world, without the backing of guns and ammunition, Bitcoin is still a controversial invention, as are many subsequent cryptocurrencies.
recent, The Chinese government severely cracked down on domestic business activities. Since China has the largest Bitcoin mining capacity in the world, it has sent shock waves through the network and has had a huge impact in many ways. This is what is happening.
Chinese officials instructed miners in Sichuan and other places to shut down, and also ordered local authorities to cut off the electricity supply for mining operations. Banks were also instructed to close accounts or otherwise stop transactions suspected of being related to cryptocurrency businesses. The move was quick and decisive because it was able to strike and make a decision in a way that is not normally possible in most democracies.
For some time, the political turmoil surrounding the changes in Bitcoin has slowed down investment in additional capacity for Chinese miners. Prior to this move, China’s mining business accounted for 60-75.5% of the global Bitcoin computing power. However, according to the Cambridge Bitcoin Energy Consumption Index (CBECI), This number quickly dropped to only 46%.
With the offline of many large-scale mining operations, the power consumption of the Bitcoin network has dropped significantly. Earlier this year, the fact that Bitcoin now uses more energy than Argentina caused a lot of controversy. We analyzed the numbers and found that it is a reasonable analysis. From an environmental point of view, this is a particularly worrying analysis. At that time, about 15 GW of Bitcoin was used around the clock, and it is estimated that the annual consumption for the whole year is about 129 TWh. However, The situation at the time of writing, CBECI now measures that Bitcoin uses only 11.92 GW, with an estimated annual consumption of 87.3 TWh, which has rebounded from a low of close to 10 GW earlier this month.
This is a huge drop and shows how much mining power is offline. This has also had a continuing impact on the operation of the Bitcoin network. As miners’ hashes decrease, it will take longer for miners to find solutions to Bitcoin blocks. The Bitcoin algorithm automatically changes the mining difficulty every 2,016 blocks, based on the current computing power, to maintain a block resolution time of about 10 minutes. Under normal circumstances, this happens approximately once every two weeks.However, as the loss of Chinese miners caused a huge sudden drop, the block generation time soared to 14-19 minutes Until the algorithm was revised on July 3The difficulty of mining has been reduced by 28%, which is the largest decline in the history of cryptocurrency.
This is good news for current miners, who will share their efforts with significantly fewer participants. This should continue at least until Chinese operations are up and running in other jurisdictions (this may help explain the August rise). You may have never been to Kazakhstan because the country does not prioritize tourism and therefore has poor infrastructure. However, it’s close to China and the electricity price is cheap. Therefore, many miners moved their business there. The United States is also a popular choice because it does not have any organized political opposition to Bitcoin, cheap electricity, and ease of doing business.
The drop in energy usage from 15 GW to 10 GW was significant, a decrease of 33%. At the most recent lowest point, the instantaneous consumption fell even lower, about 50% of the peak value. However, if we use the current figures, we can do some calculations on the impact of emissions.The U.S. Energy Information Administration quoted a rough figure 0.92 pounds of CO2 emissions per kWh The total amount of energy produced in the U.S. in 2019. Using this as a rough figure, China’s actions have reduced carbon dioxide emissions by 18 million tons in just a few weeks. This is roughly equivalent to reducing 3.9 million cars on the road, According to the EPA calculator.
Obviously, completely shutting down Bitcoin will greatly save the environment. In theory, this is also much easier than other efforts such as installing renewable energy, shifting to cleaner transportation, or reducing pollution in major industries. The argument that mining operations can run on renewable energy sources ignores the fact that the energy used to power their mining operations is energy that other users cannot use.
Of course, outside of China, it is not as simple as the government sending a stern letter, so Bitcoin is likely to continue to be heavily polluted in the future. After all, mature high-wealth players will fight against any forces that might harm their investments. However, for the value and image of Bitcoin, the biggest danger may just be government regulation or the recommendation of a complete ban. Prices have fallen by 30% from their all-time highs earlier this year, but with the recovery of computing power and the re-establishment of mining operations abroad, prices have rebounded strongly. We suspect that Bitcoin will reach a higher height and become infamous, and everything may be possible.


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Think of it as a celebration of all things imaginative: the 18-day Festival of Animated Objects is a chance for visitors to watch talented performers and learn about the art of puppetry.
“We are an incubator,” said Cosmo Christoffersen, the festival’s managing producer. “We want to take emerging local talent and foster that and produce that work but we also strive to present national and international work so it shows the public and artists here the excellent puppetry that’s going on all over the world.”
Christoffersen says the event started in 2002 and it’s never a problem getting talented people to come to Calgary.
“I think performers like it here,” Christoffersen said. “We’ve got such a hub for talent here that it’s really exciting to share your work with people who are interested in those same art forms.
“Even though it’s a niche scene, it’s very beloved,” they added. “Of the people who like puppetry and mask in the city, they really love it!”
VARIETY OF SHOWS
Throughout the 18 days of the festival there will be various performances geared towards children, families and adults-only shows.
“I think people are realizing it’s not just for kids, it’s not just like something you’d watch on Sesame Street,” said Christoffersen. “Although that’s great too but it really is something that whether you’re two or 100 (years old), you’re gonna find something that you love and I think there’s just these different, cool ways to explore all different ideas.”
Elaine Weryshko is the co-director and educational director with the Canadian Academy of Mask and Puppetry (CAMP) and says Calgarians are in for a treat with this year’s lineup.
“I think there probably was a time where there was too much puppetry, but now there’s not enough,” she said. “I think it really reinvents not only the imagination in people but it calls to your inner child, your inner person that doesn’t need to understand everything so literally and doesn’t need to have film realistic techniques — you are willing to see this wild imagination and it’s really beautiful.”
Weryshko says puppetry is a universal language because she’s attended events where not everyone speaks English but can understand anger or happiness gestures.
“Puppetry comes from every single culture, every single history of the entire world,” she said. “So you can go to anywhere in this world and there is a puppetry festival that celebrates its own brand of puppetry or its own people doing puppetry.”
And she says the art form is making a comeback of sorts across the globe.
“The reason I think it’s actually coming back is because of digital media,” Weryshko said. “I think we’re really saturated with CGI, I think we look at our cell phones all the time and the minute that you see a puppet show done well, it is magic — it is beyond anything that you can comprehend, because you haven’t seen it very often.”
BRAZILIAN PUPPET MASTER
Organizers invited Nina Vogel from Brazil who is a multidisciplinary artist. It’s Vogels first time in Calgary and she’s looking forward to performing.
“I always say that art is just an excuse to connect with people,” she said.
“It’s a universal language,” she added. “You can really make this connection even in one on one shows — or I can perform to 3,000 people with a symphony orchestra but the connection is what moves me really.”
While Vogel is a performer, she also creates her own puppets, costumes and props for her solo shows. She remembers finding colourful fabric at her grandmother’s house when she was young and how it inspired her.
“Rio de Janeiro is where we have the Carnival, and we call it the biggest show on earth, it’s like whoa,” she said. “My grandma used to go to Rio and bring back suitcases filled with fabrics, so this is where my eyes sparkled because I can remember Grandma opening the suitcases and we were like, Oh wow, magic!”
Vogel will be hosting workshops as well where she’ll share some of her creative skills with participants.
“They can expect more than just creating a costume because this is like creating your whole universe and a universe that only you can create,” she said. “So I’m really willing to provoke and to get to know the artist’s flame and what really inspires them.”
Festival events will be hosted all over Calgary and organizers focused on making them affordable.
“All of our workshops are pay what you can,” said Christoffersen. “So if you are coming with four kids, you can pay $0, you can pay $100, it’s really for everybody and we want to make sure that everyone can access it.”
The Festival of Animated Objects takes place March 8-24, 2024. Learn more about it here:
View original article here Source

domain: artistic


Millvale Music Festival returns this weekend with another day packed with music, art, and food. Though this year, it’s equipped with a new tool to help the day run more smoothly: the Millvale Music Festival App.
“I love the schedule in your back pocket all day, folded up,” says Paul Bossung, one of the festival’s lead coordinators. “You’re pulling it out all day going ‘Where are you going?’ But having an app, you can plan out things in advance and make your own schedule.”
With the addition of the app, Millvale Music Festival (MMF) joins the wave of festivals — Bonnaroo, Electric Forest, Snaky Beats, Coachella — that create an app solely for use leading up to and during the festival. Schedule changes, emergency information, updates, and more are available in one place.
In addition to the app, Millvale Music Festival will add TV screens in many of the venues.
“There will be live information [on the screens],” says Bossung. “‘Here’s the acts coming up, and did you know you can catch a shuttle at these locations?’ GPS tracking on the schedule, and stuff like, 'Grab your 50-50 tickets to benefit the Boys and Girls Club.'”
These changes come after surprise storms botched a slew of outdoor festivals in Pittsburgh last year. When thunder, lightning, and torrential downpours rolled through Thrival Festival in Sept. 2018, attendees were left in the rain for hours with no word on when the activities would continue. Millvale had a similar experience when a storm blew through in the middle of the day.
“We learned a lot of lessons about how to communicate,” says Bossung. “Being able to have the app — all the venues will be synced up with that — we can push the information. And we have these screens out with info. You can post on Facebook or Twitter as much as you want, but people aren’t all going to latch onto it.”
Both the app and TV screens were created with help from Work Hard Pittsburgh and Academy Pittsburgh.
Communication isn’t the only thing getting revamped. Last year, an entire street of art and live street performances found a home at the festival. This year, on top of those additions, is a comedy stage, a spoken word stage, and an enormous mural that will be debuted at the festival. MMF teamed up with Hemispheric Conversations: Urban Art Project (HCUAP
, pronounced, “hiccup”), that brings artists in from different states and countries. Aerosol artists from Chicago, Pittsburgh, and Leon Guanajuato, Mexico are spray-painting a 50-foot-long, 30-foot-tall mural on a local Millvale business that will stay up until the owner decides otherwise.
“We've got a lot of traditional murals that tell the story of the town or that business, and this is just art,” says Bossung.
Those who have attended Millvale Music Festival in the past may also have noticed the lineup diverges from previous years. Boasting over 200 acts — last year had 150 — the team chose out of almost 500 submissions.
Millvale Music Festival 2019 Map
“We’ve even gotten to the point where we try not to repeat artists two years in a row,” says Bossung. “Some artists are a little frustrated with that because they play year one, and then we say, 'Well we’re not going to have you back here because we're trying to get new and fresh artists the exposure that they deserve.’ It’s a balancing act, honestly.”
Bossung pointed out a few acts he’s going to try and catch during the day: Gene The Werewolf, Chase and The Barons, Nightly Standard, The London, and Fuck Yeah Dinosaurs.
Millvale Music Festival is set to be a smoothly run but exciting day for both its attendees and those performing and running things behind the scenes.
“We are going to triple our town’s population Saturday,” says Bossung. “[Millvale] is 3,800 people; we expect 6,000–8,000 visiting that day.”
Because of that, MMF is pushing rideshares, biking, and public transportation.
“We’re right on the bike trail from anywhere in town,” says Bossung. “We’ll have a Lyft code – MMF19 – for 25 percent off up to two rides that day, as long as they’re coming into or out of the Millvale area.”
And if you forget, you can find that information and more on the app and TV screens located throughout the festival.


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Is the Wrong Metric Misleading Your Marketing?
:: By Glenn Pingul, Amplero ::
When it comes to measuring the effectiveness of marketing campaigns, what looks like a winner at first glance may actually be a loser upon further examination. Response rate is a metric commonly used for measuring the success of marketing campaigns. The problem is that it’s misleading.
It was a pretty typical scenario. The marketing manager at one of our large enterprise clients showed me the results of their latest campaign. More than 20 percent of customers had responded to the new offer. The campaign was deemed a winner. In the marketer’s mind it was time to launch the campaign more broadly and start thinking about similar offers.
The scenario was the same as hundreds I’d witnessed before, and for one simple reason: The majority of today’s marketers rely on offer acceptance rate to evaluate their campaign effectiveness. The assumption is that the more redemptions, email-opens or clicks you get, the more successful your campaign is.
It’s not surprising why. Acceptance rates are easy to report on, simple to understand and quick to calculate. At the same time, this is a metric that can be incredibly misleading.
Metrics such as open rates and click rates can provide important insight into brand strength and customer engagement, as well as aspects of an actual campaign execution e.g., the creative or the incentive.
The problem is that they provide no indication of what happened after the customer clicked. They can’t tell you about the monetary uplift generated by the campaign. Moreover, they can’t tell you about the potential cannibalistic effects of your marketing efforts.
Real-world evidence: positive reactions can have a negative impact on outcomes
Over the years I’ve found myself in more than one client debate over the topic of response rate, making the case for why offer acceptance rate can be such a misleading marketing metric. What I’ve lacked in these discussions is any hard evidence.
We recently looked at this issue and what we uncovered was proof that response rate as a marketing metric can be deceptive. Let me walk you through the real-world example.
We examined the marketing of one of our large enterprise B2C clients. Our goal was to explore the correlation between the acceptance rate of offers and the impact of the offers on actual profitability.
What we wanted to do is determine whether or not acceptance rates predict revenue lift. More specifically, we wanted to explore whether offers with low acceptance rate can have a strong positive impact on revenue lift, and whether offers with high acceptance rate can have a strong negative impact on revenue lift, thus getting at this question of reliability.
Our client was executing trigger-based marketing campaigns to several million consumer customers via SMS. The campaigns utilized a mix of messages, offers and incentives, and the incentives offered customers a variety of bonus credits based on a range of purchase behaviors.
The testing of all of the different customer experience variants was performed using control groups. For each customer that received an offer, a control was used so that a comparison could determine revenue lift.
The metric we used was total realized revenue 14 days post the marketing.
Here’s what we found.
1. There was no correlation between acceptance rates and revenue lift. You can see in the graph below that the slope of the line is not statistically different from that of zero. What this confirmed is that acceptance rates do not shed insight on long-term business KPIs, in this case 14 days trailing revenue. Does your campaign positively or negatively impact revenue over the long term? Acceptance rates can’t help you answer this question.
2. Response rate can mislead your marketing. It’s entirely possible to have a high acceptance rate and a negative impact on revenue. The opposite can also be true – low acceptance rates can have strong positive revenue lift. What we showed our client was that one of their offers having the lowest acceptance rate (<1 percent) correlated with the highest revenue lift (25 percent), while an offer acceptance rate of 7 percent, which they had deemed a winner, had an 18 percent negative impact on revenue.
3. Incentive type matters. Why? Because incentive is closed linked to how cannibalizing an offer may be. We all know that marketing can be highly cannibalistic. What we found is that some incentives with high acceptance rates had very negative impact on revenue lift. Included in the study were two offers that had the same call to action but different bonuses. One generated positive lift while the other highly negative. The difference was due to a cannibalization effect.
4. Beware of big bonuses. For some of the offers, the client offered bonus credits for future product use. After running the numbers, we learned that the bonuses awarded were routinely too large for a specific call to action. What the study showed is that it doesn’t matter how large the bonus is that you give to customers to incent behavior as long as it is within a minimum acceptable range. Of course this requires being to test a broad range of incentives and getting a statistically valid measurement on which ones impact performance.
Leveraging machine learning to understand something more meaningful
Like our client, if you’ve been using offer acceptance rate to measure the effectiveness of your marketing, it’s time to ask yourself whether you’re getting a read on what you really care about.
What some marketers are realizing is that more advanced testing capabilities combined with machine learning allow you to optimize customer interactions according to long-term KPIs, going well beyond response rate.
The ability for marketers to leverage more rigorous and automated experimental design allows you to measure matched target and control lift for your KPI of choice, whether you have a revenue, engagement, retention or loyalty objective. Furthermore, it allows you the flexibility to optimize performance against more than one KPI simultaneously. For some customers you may want to trade short term revenue for a longer term retention benefit. The key is being able to weigh those tradeoffs and adapt your marketing efforts accordingly.
The real power of controlled experimentation combined with machine learning is that it provide marketers much better insight into the actual outcomes of marketing efforts – resulting in smarter, faster decisions about how to engage each individual.
Today most marketers are convinced they need hundreds of data scientists to construct these types of controlled experiments, test for statistical significance and measure the outcomes. What they don’t realize is that machine learning marketing platforms can do this for them.
You don’t have to use response rate as a proxy for how your marketing efforts impact revenue or retention. If what you really want to do is understand the outcomes of your marketing and automatically optimize for long-term performance indicators, consider the fact that machine learning can yield measurement that is more meaningful. Also consider that both your marketing and your bottom line will benefit.
Glenn Pingul is VP of Scientific Marketing for Amplero. Prior to joining Amplero, he served as VP of Marketing for Mixpo and VP of Product Management at Corbis. His background also includes extensive marketing strategy, communications and branding through executive positions he has held at companies such as T-Mobile USA, Nordstrom, AirTouch Wireless (Verizon Wireless), and Starbucks.

domain: economics


text: A move by the government to form a committee to decide if patients should be allowed to receive a high-tech scan that helps doctors diagnose serious illnesses has led to some people waiting more than two months for a verdict, Kathimerini learned yesterday. The Health Ministry set up the panel in May to decide whether civil servants who want to have the PET (Positron Emission Tomography) and CT (Computed Tomography) scans should have the procedure covered by their social insurance fund, as it costs around 1,500 euros. However, Kathimerini has learned that the committee will only begin assessing applications for the scans today. The head of the committee, Kyriakos Strigaris, told Kathimerini that it takes time to set up such a panel and that there were no urgent cases to deal with. PET and CT scans are imaging tools that doctors use to pinpoint disease states in the body. By combining these two scanning technologies, a PET/CT scan enables doctors to more accurately diagnose and identify cancer, heart disease and brain disorders.

domain: medical


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How to implement a successful automation strategy
As a broad concept, the word “automation” seems to inspire a lot of discomfort these days.
Consider the frontline worker who sees automation as a threat to their career. Or the head office that’s grappling with how to use the technology to fend off competition. In these cases and others, the buzzword can potentially become a stress-inducing one.
In spite all of the doom and gloom, however, many experts are excited about automation, suggesting that the benefits are often undervalued while the potential threats are blown way out of proportion.
To help clear up some of these misconceptions, and to help organizations develop a roadmap for implementing an automation strategy, CIO Magazine publisher emeritus Gary Beach and Robotics Business Review senior editor Eugene Demaitre recently hosted a webcast, titled “What Businesses Need to Know About Automation.”
The hour-long presentation stressed the value automation can have, how organizations should approach their automation strategy and how it should be celebrated rather than feared.
Automation isn’t one size fits all
Beach, for one, is a strong believer that the focus of automation should always come back to the customer.
“For me, what being ‘robot-ready’ means is the business capacity to really deeply understand the customer, whether they’re in the supply chain or external customers, and build your robot strategy based on that,” he says.
Beach explains that automation can be used in countless ways, and the right utilization for one organization isn’t necessarily right for another, even a competitor. As a result, he believes better knowing and servicing the customer should remain the North Star that guides any automation strategy.
“Not only does robotics and AI involve multiple industries, but even within an industry it can be adopted in many ways,” added Demaitre. “You need to look at your entire business model and see where you need to derive these efficiencies.”
Automation is (or will soon be) a competitive necessity
Though the media often frames automation as a potential job killer for workers, executives are increasingly looking at a failure to utilize automation as a potential company-killer.
Demaitre explains that proper utilization can help ensure that whatever competitive advantage a company currently enjoys is only accelerated, rather than diminished by automation.
“Whatever your unique competitive advantage is, that’s where you can apply automation to help to excel the things you’re already good at, and might already be better at, than everyone else in a way that is unique,” he said. “That’s where most are exploring automation today.”
You need the right people in-house before making a push
While much of the automation process can be outsourced, licensed or purchased from third-party vendors, Beach and Demaitre believe the successful integration of automation is dependent on the availability of in-house expertise.
“Organizations that are successful in applying, implementing, monitoring and realizing those returns on investment are the ones that looked at what they were doing and made sure the right people were in charge of the right aspects,” said Demaitre. “I’m not saying everyone needs to be an engineer, but you have to have some expertise in your own processes first.”
Be willing to experiment and fail
With so many different ways to develop and implement an automation strategy, Beach and Demaitre stress the importance of experimentation, while tempering expectations at the top.
Though there may not be an immediate return on those early experiments, they explain that it can help save the company in the long run.
“The most successful organizations that have adopted robots, they all started with a pilot project, they started small and they let it fail,” said Demaitre. “Whoever is in charge of automation needs to be willing to change, willing to experiment to find what works best, then work to find robotics partners that understand their business and what they need.”
Talk to your frontline workers first
With the conversation around automation focused on its potential to displace jobs, one can’t blame frontline workers for being less than enthusiastic about their company’s implementation. Yet it is their buy-in that organizations need most in order for the automation strategy to succeed.
While Beach and Demaitre emphasize the importance of busting some of those myths surrounding automation and job loss to workers before implementation, it is also important to get their input on the process itself before commencing.
“Talk to all levels, not just IT,” said Beach. “It’s the people on the floor who know what they don’t like, who know what is tedious or dangerous or slows them down, so it’s a matter of getting buy-in by being as transparent as possible,” added Demaitre.
They believe that working with frontline staff and demonstrating how the technology will ultimately make their lives better, not worse, can go a long way in ensuring a successful transition.

domain: news


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