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Washington Utility Raises Electricity Rates for Bitcoin Mining Companies

Washington Utility Raises Electricity Rates for Bitcoin Mining Companies Bitcoin mining, or the use of specialized computers that record and verify bitcoin transactions, is notoriously energy inefficient, using up to an estimated 20,000 gigawatt hours of electricity per year. That’s roughly .1% of global generation. So, when bitcoin mining companies realized that a few Washington … Continue reading Washington Utility Raises Electricity Rates for Bitcoin Mining Companies

Blockchain solar PV investment fund comes together with energy storage platform

Blockchain solar PV investment fund comes together with energy storage platform Solar DAO, a digital, autonomous, closed-end, utility-scale PV project investment fund, has announced its partnership with Powerchain, decentralized platform for energy storage, which allows prosumers to buy, store and sell energy. While a great number of blockchain endeavors in the solar arena focus on … Continue reading Blockchain solar PV investment fund comes together with energy storage platform

Blockchain could help China’s push for decentralized energy

Blockchain could help China’s push for decentralized energy Large utility companies have long held a monopoly on electricity production. Since the late 1800s both state-owned and privately-held enterprises have taken advantage of economies of scale to profit from the creation and distribution of power. The situation in China is no different. A push for energy … Continue reading Blockchain could help China’s push for decentralized energy

Blockchain Could Help Bring Renewable Energy to the Power Grid, Experts Tell Congress

Blockchain Could Help Bring Renewable Energy to the Power Grid, Experts Tell Congress Blockchain technology could help the energy sector secure the power grid and overcome some of the biggest barriers to widespread use of renewable resources, industry experts told lawmakers. But before that can happen, the government needs to fund more blockchain research and … Continue reading Blockchain Could Help Bring Renewable Energy to the Power Grid, Experts Tell Congress

New York Utilities: We Believe Blockchain Is ‘Transformative’

New York Utilities: We Believe Blockchain Is ‘Transformative’ Avangrid, Con Edison, National Grid, the New York Power Authority and Indigo Advisory Group describe the many attractive use cases for blockchain. The potential of blockchain in the energy industry could be transformative. Over the past two years, we have seen a host of energy companies engage … Continue reading New York Utilities: We Believe Blockchain Is ‘Transformative’

No Industry Immune To Blockchain Technology, Not Even The Electricity World

No Industry Immune To Blockchain Technology, Not Even The Electricity World The electricity world may soon be altered in unimaginable ways. Change will come in small increments thanks to so-called blockchain technologies — the ability to conduct “peer-to-peer” transactions and to eliminate the middlemen, or the ones who scoop up a notable percentage of the … Continue reading No Industry Immune To Blockchain Technology, Not Even The Electricity World