Electricity News

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.

News
Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses.
Tokyo Power Company to Use Blockchain for Trading Electricity Surplus
Hisashi Oki
2020-06-18T09:53:00+01:00
5323
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Australian blockchain firm Power Ledger has announced a partnership to develop a digital energy company in Thailand, utilizing its peer-to-peer renewable energy...
Power Ledger Brings Peer-to-Peer Renewable Energy Trading to Thailand
Jack Martin
2020-05-25T14:36:00+01:00
5339
News
Layer1 Technologies has deployed its proprietary mining containers as electricity storage systems to stabilize Texas’ electricity market.
Layer1 Stabilizes Texas Grids With 'Bitcoin Batteries'
Samuel Haig
2020-05-22T21:09:00+01:00
4292
News
A study surveying reps from top EU mining firms found many believe regulations and protections offset higher electricity costs.
Europe’s Top Miners Share Local Industry Insights
Samuel Haig
2020-05-10T04:00:00+01:00
19277
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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 proj...
Power Ledger Rolls Out Blockchain-Based Solar Energy Trading in Western Australia
Marie Huillet
2020-04-22T09:27:00+01:00
6035
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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.”
New York Power Plant Sells Bitcoin Hashpower to Institutional Investors
Marie Huillet
2020-04-10T11:46:00+01:00
4160
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The Missoula County Board of Commissioners has extended its green regulations for cryptocurrency miners, enabling them to set up operations in industrial zones ...
US County Extends Regs for Crypto Miners Requiring Them to Use Clean Energy
Ana Alexandre
2020-03-27T12:47:00+00:00
886
News
Judge rules against entities who sued a utility district for introducing new electricity pricing targeting crypto miners in 2018.
Court Backs County for Electricity Price Hike Targeting Crypto Mining
Samuel Haig
2020-03-14T16:31:00+00:00
2246

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