DIGITAL TRANSFORMATION

The Tesla Supercharger in Santa Monica will accept Dogecoin

Tesla | February 23, 2022

On February 19, Tesla CEO Elon Musk announced on Twitter that the company's supercharging station would take cryptocurrency Dogecoin as payment.

"Of course, you can pay in Ðoge (sic), "said Musk in response to a tweet from Tesla Console creator Ryan Zohoury, who stated that the new Santa Monica Superchargers were nearly full minutes after opening. Following this, Dogecoin's price increased, trading at 11.1635, up 3.22 percent.

This comes just days after Musk stated that Tesla Inc. products, like the "Cyberwhistle" and "Cyberquad for Kids," will be available using Dogecoin.

Musk announced in December that Tesla would try to accept Dogecoin as payment for items.

Tesla's CEO, a prominent proponent of Dogecoin on social media, has previously hinted at the move. In addition, multiple reports said that Tesla's website source code had a Dogecoin payment option in the last few days. In a recent interview, he also promoted Dogecoin over any other cryptocurrency.

"The transaction value of Bitcoin is low, and the cost per transaction is high. At least at a space level, it is suitable as a store of value. But fundamentally, Bitcoin is not a good substitute for transactional currency, "

-Elon Musk Tesla CEO

adding that even though Dogecoin was created as a silly joke, it is better suited for transactions.

Musk was a big supporter of digital currencies at work, and he played a significant role in making Dogecoin popular.

Meanwhile, Musk stated last year that Bitcoin mining has been shifting "toward renewable energy sources." "his business would almost certainly reintroduce cryptocurrency as a method of payment for its electric vehicles.

Musk said that hydropower, geothermal, and nuclear energy are all excellent energy sources for Bitcoin mining. If mining uses 50% or more renewable energy, Tesla will accept Bitcoin again.

Tesla stopped buying Bitcoin in May 2021 because it was worried about the fossil fuel used in mining. This led to a drop in the value of digital currency.

In a tweet Thursday, he expressed concern over the "huge use" of coal and other carbon-intensive energy sources to generate the electricity required for cryptocurrency mining.

In February of last year, Tesla said that it had bought $1.5 billion worth of Bitcoin and planned to accept it as payment. This caused both the company's stock and the Bitcoin value to rise.

Spotlight

At HUI we’re always striving to find the best way to manufacture everything we make, so we’re constantly working toward continuous improvement and eliminating waste. The improvements we’ve made have helped us grow as a company, and they’ve also given our customers confidence that they’re paying for parts and products that were made with maximum efficiency.

Spotlight

At HUI we’re always striving to find the best way to manufacture everything we make, so we’re constantly working toward continuous improvement and eliminating waste. The improvements we’ve made have helped us grow as a company, and they’ve also given our customers confidence that they’re paying for parts and products that were made with maximum efficiency.

Related News

INDUSTRIAL DATA

Sage Clarity, a Leader in Next Generation Manufacturing Enterprise Solutions, Announces the release of ABLE 3.0

Sage Clarity | October 18, 2021

Sage Clarity (www.SageClarity.com), a leader in next generation manufacturing enterprise solutions, announces the release of ABLE 3.0. ABLE™ is a cloud-based, Internet of Things (IoT) solution that provides real-time root cause analysis for manufacturing operations and part of Sage Clarity's MES ecosystem product suite. Sage Clarity's Manufacturing Execution System (MES) ecosystem product suite is a deep feature rich set of modules, integrations, and plug-in applications to expand the MES footprint. Its capabilities help drive Industrial Internet of Things (IIoT) data collection strategies that provide cutting-edge applications to unlock the value of their manufacturing software. ABLE 3.0 functionality Includes: Machine Fault Learning Intelligent root cause analysis KPI Heatmaps John Oskin, President of Sage Clarity commented that, "With intelligent root cause analysis and Machine fault learning, ABLE 3.0 solves a significant data collection problem for complex production lines. KPI heatmaps create unique factory visualizations of problematic areas in the plant." ABLE has been an effective tool for our organization, helping us understand our Process losses better. It is supporting our factory digitization efforts and were surprised how quickly the technology deployed Andrew Wunder, Director of Operations from Henkel North America The ABLE™ middleware solution resides between the plant floor and the MES/SCADA layer and requires no PLC data acquisition programming. The cloud technology eliminates the needs for special infrastructure, providing easy scale and rapid deployment. The Middleware solution integrates with MES platforms such as Epicor Advanced MES, Aveva MES, Rockwell, PTC, and many others. About Sage Clarity Sage Clarity is a leading provider of Industry 4.0 and MES Eco System applications, developing cutting edge solutions to enable the "Next Generation Manufacturing Enterprise." By combining best-of-breed software capabilities with advisory services, Sage Clarity delivers comprehensive solutions enabling enterprises to achieve a higher level of manufacturing and supply chain performance with real time visibility and valuable insights into manufacturing operations.

Read More

MANUFACTURING TECHNOLOGY

Recognized by World Economic Forum as Global Lighthouse Factory, CATL Leads High-Quality and Sustainable Manufacturing in Battery Industry

CATL | September 29, 2021

Contemporary Amperex Technology Co., Limited (CATL) announced that its Ningde facility has been recognized by the World Economic Forum (WEF) as a global Lighthouse factory, the first battery manufacturing base joining WEF's Global Lighthouse Network (GLN). As CATL is one of the 21 new Lighthouses globally, the WEF made the following remark about CATL's manufacturing competitiveness: "Confronted with increasing manufacturing process complexity and demand for high product quality, CATL leveraged artificial intelligence, advanced analytics and edge/cloud computing to achieve, in three years, a defect rate per billion count at the speed of 1.7s per cell, while improving labor productivity by 75% and reducing energy consumption by 10% per year." The GLN is a community of the world's leading manufacturers advancing next-generation levels of efficiency and sustainability through innovation. The designation of "global Lighthouse factory" is awarded to manufacturing leaders who have been successful in applying Fourth Industrial Revolution (4IR) technologies such as artificial intelligence and big data analytics to improve efficiency and competitiveness at scale, transform business models and achieve profitable growth, in tandem with environmental stewardship. Extreme manufacturing for high-quality products in the TWh era High efficiency and high-quality delivery are the core competitive edges. By leveraging cutting-edge technologies such as artificial intelligence and big data, CATL has developed an extreme manufacturing system that produces high-quality battery products at an higher speed and under extremely complicated technological processes. Using a model-based smart process control and a multi-modality intelligent inspection system at all processing stages, which are enabled by big data analysis and AI algorithms, CATL has achieved an enhanced defect rate that has been improved from the PPM (part per million) level to the PPB (part per billion) level. Intelligent energy management for value chain sustainability Tracking the carbon footprint of battery production as a whole system from mining, raw materials supply, manufacturing, usage to recycling, CATL has developed an intelligent resource and energy management platform to further reduce the carbon emission of battery manufacturing and to develop a more sustainable value chain: Utilizing clean electricity generated through solar power, wind power hydropower, nuclear power or other sources of clean energy. Analyzing real-time data of key equipment energy consumption with production strategies to design the most efficient energy solutions. Realizing integrated management among factories collectively. Reducing unit energy consumption by 10% and carbon emissions by 57% (kg/kWh) per year. Increased global concern for environmental impact has made sustainability a must-have to maintain business viability. These new Lighthouses make it clear that by realizing the potential of 4IR technologies in manufacturing, companies can unlock new levels of sustainability in their operations and explore a win-win solution: greater operational competitiveness while simultaneously making commitments to environmental stewardship, leading in a cleaner, more sustainable future as a result. Head of Shaping the Advanced Manufacturing and Value Chains at the WEF Francisco Betti Beyond its Ningde facility, CATL has established eight other battery manufacturing bases worldwide, among which the first overseas factory is located in Germany. Designated as a Lighthouse, CATL is ready to expand the Lighthouse experience to develop a high-quality, efficient and sustainable global manufacturing network, and to help realize the global carbon neutrality goal. About CATL Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models.

Read More

EOS Sees Increase in New Applications Developed with its Flexible Lattice Patent

EOS | May 11, 2021

EOS, the main provider for mindful assembling arrangements dependent on modern 3D printing innovation, is announcing solid market interest for applications including its licensed 3D printed adaptable grid. EOS calls it Digital Foam™, yet regardless of the result, the organization is anxious to work with associations who need to use this kind of plan in their assembling. Concocted by EOS representatives Michael Jan Galba, Monika Gessler, and Johann Oberhofer, the creative patent identifies with any generatively 3D printed object which has an adaptable network like construction or framework (i.e., grid), made out of open cells that are combined in gatherings of contrasting attributes. Portrayed in fundamental terms, this covers any differing 3D printed grid structures transforming into one another. Regardless of whether applied to polymers or metals, the IP covers the added substance assembling of any three-dimensional item that has a grid structure intended for foreordained adaptability qualities is ensured by EOS in the U.S under Patent number 10,259,941 gave in April 2019 – and universally, with different filings. One of the patent's creators, Michael Jan Galba, saw the capability of this headway years prior. "We realized that this interaction would empower uncommon assembling customization openings. Yet, seeing the selection by such countless imaginative associations who are truly making it a foundation of their 3D printed applications has outperformed our assumptions." "Utilizing our patent, originators can make gatherings of cells making a cross-section that can be designed with shifting degrees of compressibility," adds Galba. "One regular model we are seeing influence this IP is in athletic footwear. Presently, customers can buy footwear custom-made to their particular necessities or wanted execution qualities, for example, shoe bottoms with shifting compressibility in the impact point, toe, and curve regions, made across the board additively fabricated piece. This is an incredible genuine use-instance of mass customization." Early adopters of EOS' Digital Foam are looking for item separation, upper hands, and improved item execution qualities including security, solace, lightweight, and "tuneability." "We are having many discussions now with makes who are creating or have built up some truly entrancing items, and our group is set-up to work together at whatever degree of help is required, from designing and setting-up creation to permitting," said Dr. Gregory Hayes, senior VP of applied designing at EOS North America. "We anticipate working straightforwardly with any makers intrigued by 3D printing adaptable grids so they can profit by our ability around this IP." About EOS EOS gives dependable assembling arrangements utilizing modern 3D printing innovation to makers throughout the planet. Associating great creation effectiveness with its spearheading development and manageable practices, the free organization framed fit as a fiddle the eventual fate of assembling. Fueled by its foundation-driven computerized esteem organization of machines and an all-encompassing arrangement of administrations, materials, and cycles, EOS is profoundly dedicated to satisfying its clients' necessities and acting mindfully for our planet.

Read More