Blockchain 

Blockchain Energy Startup Power Ledger Extends P2P Power Trading Trial

Energy-focused blockchain startup Power Ledger has extended its peer-to-peer (P2P) energy trading trial into its next phase in the Australian city of Fremantle. In a press release shared with Cointelegraph on Aug. 21, Power Ledger revealed the continuation of its p2p solar power trading trial aimed at tracking rooftop solar energy traded between households in Fremantle. The households participating in the project can set their own energy prices in the market. ‘50,000 transactions per month’ The testing — which is a collaborative effort between Power Ledger, Curtin University, energy generating…

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Bitcoin 

Malaysia’s Electric Utility Says Bitcoin Miners Stole $25M in Power

Malaysian power utility firm Tenaga Nasional Bhd (TNB) is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin (BTC) miners. According to an Aug. 15 report from EdgeProp, tampered electricity distribution boards used in local Bitcoin mining operations have cost TNB RM106 million ($25.3 million) as of June 2019. There have been 437 cases of mining-related power theft in Peninsular Malaysia over this time period, 370 of which were recorded in the state of Selangor. Up to 3 years imprisonment TNB is the sole…

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Blockchain 

Power Ledger and KEPCO Complete Blockchain Energy Trade Trial in Japan

Australian energy technology company Power Ledger and Japanese Kansai Electric Power Co. (KEPCO) have completed a joint trial of a blockchain-based system for post-FIT (feed-in tariff) surplus power in Osaka. P2P transaction of surplus power In an announcement published on Aug. 12, Power Ledger revealed the test completion of a peer-to-peer system demonstrating benefits for post-FIT surplus power in the Japanese city of Osaka. The system purportedly enabled KEPCO to conduct a p2p transaction of surplus power autonomously and automatically, which included settlements with digital currency. Fumiaki Ishida, KEPCO representative…

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Ethereum 

Is US Environmental Tax Policy Hindering Solar Power to Fuel Digital Technologies?

Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies, necessitate very high consumption of electric energy, currently produced with coal and fossil fuels with adverse environmental effects. A global shift towards green energy will require the removal of the technological/infrastructure, financial and regulatory/tax policy barriers. In a series of articles, we will evaluate the tax, digital technology and solar policies (including space power satellites) of the top CO2 emitting countries. The United States is at the forefront of blockchain and artificial…

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Bitcoin 

‘A Recipe for More Corporate Power Over Markets’

Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee.  Senator Brown’s recent comments came by way of an official video tweet by NowThis News on July 16, posted hours after the Senate Banking Committee hearing on Facebook’s Libra. Brown appeared especially concerned about Facebook gaining the ability to force people to use their money and play by their rules. He remarked: “What happens when Facebook forces businesses to quit accepting your credit card…

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Ethereum 

Energy Used by Idle Device in the U.S. Can Power Bitcoin For 4 Years

Academic researchers at the University of Cambridge (UoC) have launched a real-time index that tracks the total electricity consumption of the Bitcoin network. The news was revealed in an announcement posted by the university’s interdisciplinary academic research institute, the Cambridge Centre for Alternative Finance (CCAF), on July 2. The now-live Index — the Cambridge Bitcoin Electricity Consumption Index, or CBECI — gives an estimate of the total annualized energy consumption of the bitcoin network, updated every thirty seconds. The researchers also provide a tool that compares BTC’s consumption levels with…

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Blockchain 

What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralized Power

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world’s leaders —  and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past few months and let crypto develop — more or less — organically, yet it’s becoming apparent that the time for official action is drawing increasingly near, at which point Bitcoin, et al. will either bear…

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Blockchain 

Iranian Government to Cut Off Power to Crypto Mining Until Approval of New Energy Prices

The Iranian government will be cutting off power to crypto mining until new energy prices are approved, according to a report by local news agency Iran Daily on June 24. Mostafa Rajabi Mashhadi, an official at Iran’s Ministry of Energy, reportedly revealed that the country has seen a 7% spike of electricity consumption over a monthly period ending on June 21, 2019.  Rajabi emphasized the unusual nature of the spike, as opposed to similar time spans in the past years, revealing that the country’s power grid had evidently become unstable. …

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Bitcoin 

Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining

Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining. The news was reported by daily Chinese tabloid The Global Times on June 13. The Global Times is published under the auspices of state-backed newspaper group The People’s Daily. The report outlines that the Green Grassland Police Station of the Qiqihar District Public Security Bureau were alerted to the alleged power theft after receiving a call from the head of oil production at Daqing Oil…

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Blockchain 

Microsoft to Add Blockchain Tools to Its Power Platform

American technology giant Microsoft will reportedly make blockchain-based tools available to PowerApps and Microsoft Flow users, tech-focused news outlet GeekWire reported on June 10. Microsoft will purportedly announce its plans to add blockchain tools to its Power Platform during the Microsoft Business Applications Summit on Monday in Atlanta. Specifically, artificial intelligence (AI) and blockchain tools will be included in the company’s PowerApps custom application builder and PowerBI business intelligence tool. The Power Platform itself is a collection of tools —  Power BI, PowerApps and Microsoft Flow — designed for collaborative…

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