South Korea’s government will spend $3.5 million to set up a blockchain-enabled virtual power plant in the city of Busan.
Energy News
Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
- News
- News
by Aaron Wood
The Austrian Blockchain Center has been established in the city of Vienna, where it will collaborate with local academics in multidisciplinary research.
- News
JPMorgan’s Quorum technology forms the backbone of the latest blockchain solution for major oil industry players Shell, BP and others.
- News
The cantonal court of Zug, Switzerland has reportedly shut down and ordered the liquidation of mining firm Envion AG, that uses clean energy to mine cryptocurre...
- News
Norway has struck a blow to its domestic crypto mining industry by acting to end electricity subsidies for BTC mining facilities.
- News
by Ana Berman
German tech giant Siemens’ energy divisions join an open-source blockchain platform Energy Web Foundation.
- News
Korea’s largest power provider KEPCO says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid (MG).
- News
by Ana Berman
A blockchain-driven platform for energy commodity trading, joined by BP, Shell, and Equinor along with large banks, will become fully operational by 2019.
- News
Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia.
- News
by Ana Berman
Recent research conducted by U.S. scientists shows that crypto mining consumes more energy than gold or copper mining.
- News
A new report from climate change scientists has raised concerns regarding Bitcoin’s carbon footprint and its potential future impact on global warming.
- News
by Ana Berman
SP Group, a major company providing electricity and gas in Singapore, has opened a blockchain-powered marketplace for renewable energy certificates trade.
- Analysis
by Joseph Young
The value of blockchain technology in leading markets has grown rapidly over the past 12 months.
- News
by Helen Partz
Samsung has launched a new production process for its 7nm chips, making them more energy efficient, which could prove a boon for crypto miners.
- News
Kansai Electric Power Co. will explore how the technology could be used to redefine electricity sales to consumers.
Editor’s Choice
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