The German state-funded energy project uses DLT to enable transparent market transactions.
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.
Despite unclear crypto regulations in the country, Russia may become the leader in sustainable crypto mining.14668
A Honda and GM-led working group has unveiled a global standard for using distributed ledger technology to create decentralized electric vehicle charging networks.9980
A crypto payments network with over 4 million users globally has bold plans for expansion and says its native token is “better than money.”9255
That may not necessarily be a good thing for the struggling state.4221
Layer1's plan to sell excess power back to Texans has resulted in 700% profits15014
Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms.12362
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.4081
A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing.6620
Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses.5454
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.5474
Layer1 Technologies has deployed its proprietary mining containers as electricity storage systems to stabilize Texas’ electricity market.4529
A study surveying reps from top EU mining firms found many believe regulations and protections offset higher electricity costs.19344
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.6201
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.”4240