Category: Electricity

Volkswagen pilots blockchain to integrate electric vehicles with power grids

March 4, 2021

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Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile manufacturers are aiming to change this by stopping sales of gasoline-powered cars.  […]

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Kentucky bill to provide tax breaks for local crypto miners

March 3, 2021

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Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe. 8374 Total views 36 Total shares Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity […]

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Surge in Bitcoin energy consumption sparks debate in crypto community

February 5, 2021

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Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. 5437 Total views 24 Total shares The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over […]

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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

January 24, 2021

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Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners. The Bitcoin protocol has created a unique digital […]

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Siemens-backed blockchain energy platform showcases in Germany

October 22, 2020

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The German state-funded energy project uses DLT to enable transparent market transactions. 3416 Total views 7 Total shares A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today. The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a […]

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