Roomba Maker iRobot sells out to Amazon for $1.7 Billion cash – now your vacuum will be spying on you too

Amazon.com Inc. AMZN -1.73% is buying Roomba maker iRobot Corp. IRBT +19.23% for $1.7 billion, giving the online retailer another connected-home product that deepens its ties to consumers’ homes.

Amazon agreed to pay $61 a share for iRobot in an all-cash deal. The price, which includes a small amount of debt, represents a 22% premium to iRobot’s closing price of $49.99 on Thursday.

iRobot shares rose 19% to $59.54 in recent trading. They are off 9.7% year to date. Amazon shares fell 0.8% to $141.41.

iRobot introduced its Roomba vacuum in 2002 and has sold more than 40 million units since. The wireless, smart-vacuum learns and maps spaces to clean dust and messes. It is a staple of Amazon’s Prime Day shopping bonanza, having been a featured product for eight straight years.

iRobot in May had projected reaching sales of $1.6 billion to $1.7 billion this year. It withdrew that guidance on Friday in light of the deal and other challenges.

Roomba would join other Amazon-owned products like the Alexa virtual assistant speaker and Ring video doorbell that together give the retailer more ways to power smart homes.

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Source: Amazon Buying Roomba Maker iRobot for $1.7 Billion – WSJ

SpaceX shows that it too can shower the Earth with debris

Australian media has reported that space debris found in New South Wales was indeed junk from a SpaceX mission, including one piece measuring nearly three meters in length.

The black shard, found sticking out of the ground, is presumed to be Elon Musk’s take on 2001’s Monolith. The Register asked SpaceX to clarify, but we have yet to receive a response.

The debris fell to Earth earlier in July, and the three-meter long component was found on July 25. Australian authorities had been awaiting confirmation that the pieces were indeed from a SpaceX mission and, according to ABC South East NSW, that confirmation has now been received.

Astronomer Jonathan McDowell noted that the July 8 reentry path for the leftover SpaceX Crew-1 trunk was close to the Dalgety area (slightly inland, halfway between Melbourne and Sydney) where the debris was found. The lengthy shard also bears a distinct resemblance to the attach point of one of the trunk’s four fins. Additional debris was also found.

As well as a reusable capsule, the SpaceX Crew Dragon has an unpressurized trunk, which features solar panels and fins. The trunk is jettisoned prior to reentry for disposal. However, it appears that some components survived to land in Australia.

SpaceX’s Crew-1 mission was the first operational flight of the Crew Dragon, ferrying four astronauts to the International Space Station (ISS.) It launched on November 16, 2020 and returned to Earth on May 2, 2021. The trunk, it appears, made its own return somewhat later.

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Source: SpaceX shows that it too can shower the Earth with debris • The Register

Visa, Mastercard Cancel Ad Pornhub Payments Amid Lawsuit – suspicion is enough apparently

Visa and Mastercard, two of the world’s largest payment processors, said Thursday that they will suspend payments for ad purchases on Pornhub. The move comes on the heels of a judge allowing a lawsuit to proceed that accuses Visa of knowingly facilitating the spread of child pornography, also known as child sexual abuse material (CSAM).

A federal judge denied Visa’s motion to dismiss last week, allowing the case to move forward against the payment processor for alleged involvement in a “criminal agreement” to profit off the videos. In a statement released Thursday, Visa CEO Alfred Kelly said that, while the company strongly disagreed with the court’s ruling it had created “new uncertainty” around the role of TrafficJunky, MindGeek’s advertising arm. (MindGeek is Pornhub’s parent company). Citing that uncertainty, Kelly said Visa would suspend any relationship with TraficJunky until further notice. That means customers will no longer be able to use Visa cards to purchase advertising on MindGeek sites, which includes Pornhub, for the duration of the suspension. Visa’s decision came just two days after Bill Ackman, an influential hedge fund manager, called on the credit card company to pressure Pornhub to remove CSAM content.

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In a statement sent to Gizmodo, a MindGeek said that none of its platforms, including Pornhub, have ever tolerates CSAM or other illicit material.

“Despite today’s suspension of payment acceptance for our advertising platform, we are extremely confident in our policies and the fact that we have instituted trust and safety measures that far surpass those of any other major platform on the internet,” the company’s statement reads.

MindGeek went on to describe the recent allegation accusing the company of knowingly allowing and monetizing off CSAM material on its platform as “reckless,” and “false.”

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“At this point in the lawsuit, the court has not yet ruled on the veracity of any allegations, and is required to assume all of the plaintiff’s allegations are true and accurate. When the court can actually consider the facts, we are confident the plaintiff’s claims will be dismissed for lack of merit.”

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Source: Visa, Mastercard Suspend Ad Pornhub Payments Amid Lawsuit

Riot Blockchain Made More in Power Credits Than Mining Bitcoin

At least one big bitcoin mining operation in Texas that was not actually mining much bitcoin during this season’s record-breaking heat netted millions of dollars in profits—more than they would have if they just kept on mining without any shutdowns. It’s thanks to power purchase agreements signed with the local grid, allowing them to sell electricity they purchased earlier back to the provider for a tidy sum.

Riot Blockchain itself announced it had made an estimated $9.5 million in power credits thanks to the multiple times it shut down its mining rigs. This was even more than the amount the company gained in selling bitcoin that month. The company’s page said it sold 275 bitcoin, with net proceeds equalling just $5.6 million. This is compared to last year when the company said it produced 444 bitcoin, worth approximately $16 million just before the price of BTC really spiked toward the tail end of 2021.

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The Electric Reliability Council of Texas—AKA ERCOT—had asked businesses to routinely power down in order to conserve electricity throughout July. Riot and its massive 750-megawatt bitcoin mining facility in Rockdale, Texas reduced power multiple times during times of peak demand. Of course, many of the dozens of large-scale bitcoin mining operations also cut activity during the past month to not over-stress the often overtaxed grid, but Riot remains the largest token miner in the Lone Star State.

The amount of bitcoin produced during this past month was 318, 28% less than the same month last year. While the companies did publicly agree to shutdowns in order to preserve the grid, they were also avoiding scaling electricity prices during peak loads.

ERCOT provides power purchase agreements that are usually termed for one year, but Lee Bratcher, the president of the Texas Blockchain Council, told Gizmodo in a phone interview that only a handful of the biggest bitcoin miners actually have these PPAs. The ones that do, like Riot, can take advantage of the need to curtail power, while other miners simply have to make do.

The Texas Blockchain Council networks and promotes the many crypto mining operations in the state. Bratcher called these PPAs “a good deal” for ERCOT, since it can regain the power needed for the rest of its grid during peak times.

At the same time, the massive draw of these mining operations is only expected to increase. Texas’ grid system has said that Texas crypto miners will put a six gigawatt-demand on the grid by next year. Congressional Democrats have warned the seven largest mining rigs in the U.S. draw power equivalent to all the residential homes in the city of Houston. These crypto miners are only expected to get bigger over time.

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Source: Riot Blockchain Made More in Power Credits Than Bitcoin

The Environmental Impact of Solar Panels

“Switch to solar panels to help save the planet,” they say.

And they’re (mostly) right. Solar panels are a great source of clean energy because, unlike fossil fuels, solar energy doesn’t produce harmful carbon emissions while creating electricity. But how “clean” is the process of creating solar panels?

Ironically enough, solar panel production is reliant on fossil fuels. It also involves mining for precious metals, which contributes to greenhouse gasses and pollution.

Before we explore the extent of it, we want to be clear that we’re not here to tear down the use of solar panels. EcoWatch is a huge fan of solar energy and has helped hundreds of homeowners reduce their carbon emissions by going solar. But we want to be transparent about the impact that solar panels have on the environment — both good and bad.

The Carbon Footprint of a Solar Panel

While solar panels are an environmentally friendly energy solution, the materials and manufacturing process used to create them do have a decent-sized carbon footprint, as they involve mining, melting and cooling to be used.

Environmental Impact of Mining for Solar Panel Materials

Most solar cells are made up of silicon semiconductors and glass, as well as metals like silver, copper, indium and tellurium. And if we’re including solar batteries, add lithium to the list.

When it comes to environmental impact, gathering silicon and glass are both non-issues, as they’re abundant and non-toxic. However, the process of mining for those metals creates greenhouse gas emissions and can lead to soil, water and air pollution.1

Environmental Impact of Solar Panel Facilities

First thing to consider: Solar facilities are massive. It’s safe to assume that, in most cases, some wildlife and recreation land has been cleared to create solar panel production facilities.

Solar panel facilities also require a lot of energy to keep up and running, and unfortunately, a lot of the energy used for melting down silicon comes from coal burning, especially in China where pollution emissions are already high.2

There’s also a great need for water for the cooling process, which can be an environmental strain in more arid areas where water isn’t as available. And like any big production facility, solar panel production facilities cause air pollution.

Environmental Impact of Solar Panel Manufacturing

There are three different types of solar panels — monocrystalline, polycrystalline and thin-film — and each are manufactured differently, meaning they each leave a different sized carbon footprint.

Manufacturing Monocrystalline Panels

Monocrystalline panels are the most common and have the highest energy conversion efficiency, typically ranging between 19 and 22%. Monocrystalline solar panels are made of pure, single-cell silicon crystals wedged between thin glass.

To make a monocrystalline solar panel, a huge piece of silicon is molded into a block, then cut into small wafers to be affixed onto a solar panel. It’s a complex process and, therefore, produces the highest emissions compared to any other solar panel manufacturing method.3

Manufacturing Polycrystalline Panels

Polycrystalline solar panels are also made of silicon, but instead of coming from a block, the silicon crystals are melted together and then placed onto the panel. Because of the melting process, polycrystalline solar panels do require a bit of electricity to create, although not as much as monocrystalline.4

Manufacturing Thin-Film Panels

Lastly, you have thin-film solar panels, which can be made from several different types of materials, like amorphous silicon, cadmium telluride (a type of silicon) or copper indium gallium selenide. T

ypically, thin-film solar panels are going to leave a smaller carbon footprint compared to their more popular counterparts.5 But on the downside, they’re created from extremely toxic materials that can lead to both human and environmental harm if not handled properly.6

Environmental Impact of Transporting Solar Panels

Emissions from solar panel transportation present another challenge. Solar panels are produced all over the world, but primarily in China, followed by the U.S. and Europe. And solar panels that are produced in one country may require shipments of parts from another.

To be honest, it’s hard to say exactly how big the carbon footprint is for each stage of making a solar panel — no matter which type. There hasn’t been much research or data released on the environmental impact of solar panel production. However, the Coalition on Materials Research Transparency is reportedly working to measure and report the carbon impacts associated with mining, producing and transporting solar panels.

It’s important to note that the amount of carbon emissions produced to create solar panels is still nowhere near that of traditional energy facilities, and it is quite small when compared to oil drilling, fracking or coal mining.7

But production aside, another common challenge surrounding solar panels is what happens after their average 25-year lifespan.

A Larger Issue: Solar Panel Recycling

The Solar Energy Industries Association (SEIA) set a target for solar energy to account for 30% of energy generation in the U.S. by 2030.8 If that target is hit, more than 1 billion solar panels will be actively collecting solar energy throughout the U.S. alone over the next decade.

While this is great news for reducing carbon emissions, it brings up a larger issue the solar industry hasn’t quite nailed down yet: solar panel recycling.

Scientists have been working on a better solution, but as of now, there isn’t a flushed-out system to recycle old solar panels. And there certainly aren’t enough places to do it.

As mentioned earlier, solar panels are made up of a lot of precious metals, and the carbon footprint of producing solar panels could be reduced if these materials could be recycled and repurposed instead of having to mine for more. Instead, lack of solar panel recycling availability is only creating more e-waste, which could eventually lead to solar panel material scarcity.

How Much Better is Solar for the Environment?

We’ve discussed all the ways in which solar panels can be harmful to the environment, but let’s not forget that they’re still a far better option than non-renewable energy alternatives.

Taking the carbon footprint of solar panels into account, one study still found that coal generates a footprint 18 times the size, while natural gas creates an emissions footprint 13 times the size of solar.9 It’s also worth repeating that solar energy produces zero emissions after production. For that reason alone, studies have revealed solar to be an essential solution to slowing climate change.10

But if solar continues to grow as the SEIA predicts it will, technology will also need to improve to minimize the effects that solar panel production will have on the environment, and proper solar panel recycling methods must be created.

Source: The Environmental Impact of Solar Panels – EcoWatch