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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
Located at Sichuan’s Dadu river, the alleged illegal mining farms reportedly contain over 30,000 units of mining equipment.
Chinese Authorities to Investigate Illegal Mining Farms at ‘Global Mining Capital’ Sichuan
Helen Partz
2019-05-30T15:30:00+01:00
3598
News
The University of Tokyo, Toyota and Japanese online renewable energy retailer Trende Inc. plan to jointly conduct the tests.
Toyota, UTokyo and Trende to Test Blockchain-Based Electricity Trading System
Marie Huillet
2019-05-23T12:36:00+01:00
2404
News
Hut 8 crypto mining, which runs a joint venture in Alberta with Bitfury, has reportedly laid off more staff.
Report: Crypto Miner Hut 8 Lays Off More Staff
Helen Partz
2019-04-04T22:20:00+01:00
3819
News
Major Austrian energy provider Wien Energie is exploring the use of DLT for electric car charging stations.
Largest Austrian Energy Provider Debuts DLT-Based E-Car Charger
Aaron Wood
2019-03-29T21:45:00+00:00
4455
News
U.K. energy supplier OVO has announced a strategic investment in blockchain energy technology company Electron.
Major UK Energy Company Acquires Stake in Blockchain Firm Electron
Ana Alexandre
2019-03-12T22:05:00+00:00
4901
News
Petroleum refiner Bangchak Corporation Public Co. Limited is testing a blockchain-based microgrid at one of its stations in Bangkok.
Thai Petroleum Company Tests Blockchain Energy Trading Platform
Aaron Wood
2019-03-07T21:05:00+00:00
3772
News
German police have reportedly arrested five men and one woman for allegedly stealing electricity for a crypto mining farm.
Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation
Ana Alexandre
2019-02-07T00:50:00+00:00
6838
News
The trial scheme involved increasing efficiency of a power sharing process called Demand Response (DR).
Japanese IT Giant Fujitsu Completes Test of Blockchain Electricity Sharing Project
William Suberg
2019-01-30T10:19:00+00:00
5188

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