Coincheck's CEO expressed optimism toward the company's upcoming shareholder meeting app, GMO Coin announced negative leverage trading fees and more headlined news from Japan this past week.
Electricity is the physical flow of electrons. This flow is an energy carrier and is used to deliver energy for electrically-powered devices and establishments. Electricity is a major problem for the cryptocurrency industry. Blockchain electricity consumption values vary due to the algorithm used for establishing consensus. Proof-of-work cryptocurrencies demand a lot of power to operate. As a major PoW cryptocurrency, Bitcoin electricity usage is estimated around the value equal to that of Ireland. Bitcoin mining electricity is the most consuming part of the cost. Blockchain electricity consumption is also an environmental problem, as the growing amount of power demand may lead to climate change. Fixing the problem of large electricity requirements is a field of work for many tech companies. The most used technology for reducing energy demand is a proof-of-stake consensus algorithm that changes the way mining is performed.
A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing.4972
Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses.5344
Australian blockchain firm Power Ledger has announced a partnership to develop a digital energy company in Thailand, utilizing its peer-to-peer renewable energy trading tech.5355
Layer1 Technologies has deployed its proprietary mining containers as electricity storage systems to stabilize Texas’ electricity market.4310
A study surveying reps from top EU mining firms found many believe regulations and protections offset higher electricity costs.19285
As the benchmark oil futures contract in the U.S. fell into negative territory this week, blockchain devs have been focusing on greener, sustainable energy projects.6045
A Bitcoin miner in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer, using a physically-settled “BTC hashpower contract.”4169
The Missoula County Board of Commissioners has extended its green regulations for cryptocurrency miners, enabling them to set up operations in industrial zones only.892
Judge rules against entities who sued a utility district for introducing new electricity pricing targeting crypto miners in 2018.2250
Unibright has partnered with German startup Wasserkraft Mittelrhein to use blockchain technology to facilitate renewable energy trading.3701
Are cryptocurrency mining operations moving from Iran to Central Asia in pursuit of stable cheap energy grids?5280
Australia-based blockchain energy firm Power Ledger has purchased a 250 kW photovoltaic system that will use a blockchain-based data management and settlement system.4818
Abkhazia, an autonomous region in northwest Georgia, is planning to intensify work to identify cryptocurrency mining farms in the region.2393
Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country.6908