A common misconception seems to be that Bitcoin’s proof of work mechanism exceeds that of the many small nations, thus making it harmful to the environment and detrimental to power grids.
Argo Blockchain is partnering with Canada-based DMG Blockchain Solutions to launch Terra Pool, an alleged environmentally friendly BTC mining pool powered by sustainable clean energy.
Kentucky Governor Andy Beshear has signed a pair of legislative bills that enable block reward miners to take advantage of tax breaks in the energy-rich Commonwealth.
The U.S. state will issue tax and energy incentives to the miners in a move they hope will create jobs and spur economic growth.
The bill, submitted to the Kentucky state Senate in early March, would work by amending the Energy Independence Act, which has been in force in the state since 2007.
To reduce cost, block reward miners in China are switching from thermal powered facilities to hydro-powered operations.
The new SIM-based identity system means the distributed capacity in power grids can be more effectively marshalled and controlled.
The new rules include restrictions on the use of subsidized electricity, with a bounty of up to 20% of recoverable damages payable to anyone identifying illegal mining operations.
The U.S. energy department has awarded a $1.05 million to four separate recipient organizations to create blockchain-based “energy Internet.”
Power Ledger has reportedly signed a deal with E-NEXT to launch its peer-to-per network in Austria’s second-largest city, Graz.