What is geo mining

For all its activities man draws to nature, over-exploiting the resources of the Earth. Minerals and rocks have been very useful to human life, and ingenious techniques have been developed to extract them. A mining park is an area that has been subject to extraction of minerals or other geological materials from the earth mine. The same extraction of useful substances resulted in a transformation of the landscape, changing both the appearance of the mining area mine or quarry and of all the surrounding areas where the initial processing of the materials took place.

Often the activities of towns and villages have been centered on mining. The mining parks were created with the intention of recovering these areas and give them back to the community, enhancing their cultural and environmental value.

It's because of this important role that the geo-mineral sites have played over the centuries, that the recent legislation on Cultural Heritage Code of Cultural Heritage and Landscape, DL January 22,42 of Art. Moreover, the same law recognizes as Landscape Assets "homogeneous parts of the territory whose features are derived from nature, human history or by their mutual interrelationships. Some of these territories, following bureaucratic procedures, obtained specific recognition, becoming eco-museums parks, mining villages.

Unlike national parks that protect ecosystems, geo-mineral parks, perhaps the least known type of park, do not require spatial continuity to pursue their goals of protection. They often consist of multiple sites mines, processing industries, museums that can be even several kilometers far away one from the other, but they are recognized as part of the same production system and help therefore to rebuild the history of human activities and the complex geomorphological structure of the territory.

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Advanced Search…. URP Contacts Site map. Protection of geological heritage parks Geomining, Geoparks and Geosites. Document Actions Print this.A few weeks ago I discovered an app on Facebook that claimed you could earn money, or rather cryptocurrency, by simply walking around the real world.

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A way of obtaining crypto through location data sharing. A few minutes after walking around my house I earned one XYO coin.

How Does Bitcoin Mining Work?

First off, XYO is an official cryptocurrency listed on 6 exchanges. My short answer- yes. As of writing this, the price of one XYO token is worth 0.

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I turn it on everyday on my way to and from work, and on average I collect around to coins a day with my sentinel equipped. Every tile has a random value. The biggest geomine I hit was 95 coins, but if you look at the XYO Network subreddit, other users have earned over hundreds of thousands from a single geomine.

That means the amount you could make per day really varies, but if you want to join the game the sooner the better. Geomining is a method of sharing your location data and being paid for it. XY is building a data network, called XYO Networkand needs peoples help in contributing to all this data. I geomine everywhere I go.

I have over 9 million XYO coins. I legitimately earned them through geomining, geodrop and hodyl. But Coin disabled my account and accused me of spoofing. Like Like. I also bought 4 more sentinels. I regret buying them now. I feel like someone just let the air out of my tires.

They are trying to cheat me out of what I earned. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email.

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what is geo mining

Learn how your comment data is processed. Skip to content Search for: Search Close. Close Menu. XY- The Persistent Company, is creating a decentralized data network and is incentivising adopters with XYO by sharing your location data. What is geomining, and is it worth your time? A geoming device called a Sentinel X helps mine 12x more XYO A few weeks ago I discovered an app on Facebook that claimed you could earn money, or rather cryptocurrency, by simply walking around the real world.Cryptocurrency mining is painstaking, costly and only sporadically rewarding.

Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens. And if you are technologically inclined, why not do it? However, before you invest the time and equipment, read this explainer to see whether mining is really for you.

We will focus primarily on Bitcoin throughout, we'll use "Bitcoin" when referring to the network or the cryptocurrency as a concept, and "bitcoin" when we're referring to a quantity of individual tokens.

The primary draw for many Bitcoin miners is the prospect of being rewarded with valuable bitcoin tokens. That said, you certainly don't have to be a miner to own cryptocurrency tokens.

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An example of the latter is Steemitwhich is kind of like Medium except that users can reward bloggers by paying them in a proprietary cryptocurrency called STEEM. STEEM can then be traded elsewhere for bitcoin. The bitcoin reward that miners receive is an incentive which motivates people to assist in the primary purpose of mining: to support, legitimize and monitor the Bitcoin network and its blockchain.

XYO Coin: Is Geomining Legit?

Because these responsibilities are spread among many users all over the world, bitcoin is said to be a "decentralized" cryptocurrency, or one that does not rely on a central bank or government to oversee its regulation.

Miners are getting paid for their work as auditors. They are doing the work of verifying previous bitcoin transactions. By verifying transactions, miners are helping to prevent the " double-spending problem.

Double spending is a scenario in which a bitcoin owner illicitly spends the same bitcoin twice. If you were to try to spend both the real bill and the fake one, someone that took the trouble of looking at both of the bills' serial numbers would see that they were the same number, and thus one of them had to be false. What a bitcoin miner does is analogous to that—they check transactions to make sure that users have not illegitimately tried to spend the same bitcoin twice.

This isn't a perfect analogy—we'll explain in more detail below. Once a miner has verified 1 MB megabyte worth of bitcoin transactionsknown as a "block," that miner is eligible to be rewarded with a quantity of bitcoin more about the bitcoin reward below as well.

The 1 MB limit was set by Satoshi Nakamoto, and is a matter of controversy, as some miners believe the block size should be increased to accommodate more data, which would effectively mean that the bitcoin network could process and verify transactions more quickly.

It depends on how much data the transactions take up.

what is geo mining

To earn bitcoins, you need to meet two conditions. One is a matter of effort; one is a matter of luck.

This process is also known as proof of work. The good news: No advanced math or computation is involved. You may have heard that miners are solving difficult mathematical problems—that's not exactly true.Equivalent ounce is an investing term used throughout the mining industry.

For example, miners that primarily focus on gold might use gold equivalent ounce GEOsilver miners often use silver equivalent ounce, and copper miners would likely focus on copper equivalent ounces. All of these variations on the term equivalent ounce are meant to do the same thing, create an equal footing across a miner's portfolio so investors can more easily evaluate production.

In nature gold and most other metals are rarely found by themselves. So, for example, when a gold miner builds a mine it is often producing metals like silver and copper along with the gold. However, if the miner is specifically focused on finding gold, the byproduct metals can make it hard for investors to get a clear picture of the company's current production profile compared against historical production and when making comparisons to other miners.

To simplify things, a gold miner with byproduct metals in its portfolio will often provide both gold ounces produced and gold equivalent ounces produced to show what the byproducts would add to production if they were hypothetically sold and used to buy gold. As noted above, this isn't unique to gold. Many metals are found together in nature. And depending on a miner's focus, some commodities may end up being tangential to the company's business.

Using equivalent ounces makes it easier for investors to get a handle on production without the need to consider multiple metals. Calculating gold equivalent ounces isn't terribly difficult. Roughly speaking, there are two equations you can use to turn byproduct production into a gold equivalent ounce:.

The resulting figure from either of these equations can then be added to the company's gold production to create an overall GEO figure for the company. Companies will usually provide the prices used in the above equations, since the current spot price for a given metal will most likely be different from the one used to create the financial report or news release at which you are looking. If not, then a conversion ratio will normally be provided, which is simply the gold price divided by the byproduct price in the second equation above.

Some miners even calculate multiple variations if their production is split roughly evenly between two metals or if they are attempting to shift their focus from one metal to another over time.

The silver equivalent ounces metric will effectively assume that all of the company's gold production is sold and the proceeds are used to buy silver. The gold equivalent ounces production will do the opposite.

Let's do a little math to see how the equations work. Assume a miner produces ounces of gold and 15, ounces of silver. The math looks like this:. Now add the GEOs to the ounces of gold produced to get an overall production figure of GEOs for the miner.XYO is a San Diego, California based project that aims to build a network of devices that collect and check geospatial information in an anonymous fashion.

O stands for Oracle — a mechanism which is able to link real world objects to blockchain entries. By linking geospatial data to the blockchain via an oracle, XYO is able to offer geomining capabilities — attributing value to your geographic location.

XYO Sentinel devices pictured left allow for precise and trustworthy geospatial data collection for analysis on the XYO network.

COIN App: How Much I Got PAID To WALK!

Visit the XYO Foundation website for more information. This works because the value of the network depends on users being at certain locations at certain times. In other words, proving that you are at a certain location at a specific time provides value for the network.

This value is then shared with the miner, who gets rewarded with an amount of Geon Coins. For instance, if a merchant would like to crowdsource customers for the inauguration of a new restaurant or shopping mall, then volunteers could use a geomining app to receive rewards for being present at that specific location during the launch party.

Everyone who showed up would receive cryptocurrency as an incentive for being there. We hope this brief intro to cryptocurrency Geomining has given you a better idea about how the concept works. We could see many innovative applications using this concept in the coming years, especially as the immense energy spent on Proof of Work comes under more scrutiny. Send us news tips, suggestions or general comments by email: contact [at] crypto.

ELI5 What is geomining? How is Geomining commercially viable? There are many use cases for geomining. Conclusion We hope this brief intro to cryptocurrency Geomining has given you a better idea about how the concept works.Bitcointhe first decentralized cryptocurrency, released in early Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash. If you had started mining Bitcoins back inyou could have earned thousands of dollars by now.

Today, Bitcoin mining is reserved for large-scale operations only.

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Dogecoins and Feathercoins would yield slightly less profit with the same mining hardware but are becoming more popular daily. Peercoinstoo, can also be a reasonably decent return on your investment of time and energy. As more people join the cryptocoin rush, your choice could get more difficult to mine because more expensive hardware will be required to discover coins. You will be forced to either invest heavily if you want to stay mining that coin, or you will want to take your earnings and switch to an easier cryptocoin.

Understanding the top 3 bitcoin mining methods is probably where you need to begin; this article focuses on mining "scrypt" coins. Also, be sure you are in a country where bitcoins and bitcoin mining is legal. Now, there is a small chance that your chosen digital currency will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins. The emphasis here is on "small chance," with small meaning "slightly better than winning the lottery.

If you do decide to try cryptocoin mining, proceed as a hobby with a small income return. Think of it as "gathering gold dust" instead of collecting actual gold nuggets. And always, always, do your research to avoid a scam currency. You absolutely need a strong appetite of personal curiosity for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results.

The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance. What Are Bitcoins? Bitcoin Cash Litecoin Peercoin Feathercoin. Tweet Share Email. The two catches are:. The focus of mining is to accomplish three things:.

Provide bookkeeping services to the coin network.


Keep your personal costs down, including electricity and hardware. A free private database called a coin wallet.

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It's a password-protected container that stores your earnings and keeps a network-wide ledger of transactions. A membership in an online mining poolwhich is a community of miners who combine their computers to increase profitability and income stability. Membership at an online currency exchangewhere you can exchange your virtual coins for conventional cash, and vice versa. A reliable full-time internet connectionideally 2 megabits per second or faster. A desktop or custom-built computer designed for mining.

You may use your current computer to start, but you won't be able to use the computer while the miner is running. A separate dedicated computer is ideal. Do not use a laptop, gaming console or handheld device to mine. These devices just are not effective enough to generate income.Geomapping is defined as a method of land and sub surface surveying using GPS that presents a detailed view of a site and the surrounding area including roads, buildings, mountains, rivers, estuaries and pipelines.

The ability to precisely locate sewer and water utilities is essential in trenchless technology as it provides a useful representation of the site conditions below and above ground before plans and designs are finalized, and equipment and machinery is moved to location. Locating old pipeline systems using utility maps may not always be accurate and up to date, and locating these maps can also be time consuming and costly.

Identifying pipelines is critical in order to avoid causing damage to existing pipe networks. Water pipelines, sewage pipes, natural gas pipelines, oil pipelines, chemical pipelines, electric lines and fiber optic lines are some of the crisscrossing network of pipelines below the surface.

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Without proper mapping, It is possible that during the process of drilling or laying pipelines the drill could pass through another pipeline creating a cross bore. With geomapping techniques using GPS, such mishaps can be avoided. Accurate information and locations can be stored and retrieved at will. Inconsistencies can be noted and updated for future work. Toggle navigation Menu. Definition - What does Geomapping mean? Prove It! Trenchlesspedia explains Geomapping Locating old pipeline systems using utility maps may not always be accurate and up to date, and locating these maps can also be time consuming and costly.

Share this:. Related Terms. Related Articles. An Intro to Underground Pipe Locators. Effectively Using Utility Detecting Devices.

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