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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: energy

What Ways Might Governments Undermine Bitcoin?

Category: Bitcoin, Blockchain, Business, Finance, News

What Ways Might Governments Undermine Bitcoin?

Erik Townsend, host of the MacroVoices podcast and manager of the hedge fund Fourth Turning Capital Management, LLC, spoke with CEO of Hedgeye Keith McCullough regarding cryptocurrencies and their relationship with governments on the whole. Roadblocks and Skepticism One of the most significant quotes that came from this conversation was “The bitcoin guys invented the technology. The government is going…

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Mega Mining Facility to be Established in Montana

Category: Bitcoin, Business, Mining, News, Tech

Mega Mining Facility to be Established in Montana

Crypto Watt LLC plans to establish a mega Bitcoin mining facility in the state of Montana in the United States. The company is reportedly investing over $75 million to develop and operate the mining hub. The plant is going to be built on a 53-acre industrial complex that has been acquired by the company in the cities of Butte and…

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Chinese Bitcoin Miners Largely Unaffected by Volatility and Regulation

Category: Bitcoin, Commentary, Mining, News, Regulation

Chinese Bitcoin Miners Largely Unaffected by Volatility and Regulation

China has proven to be one of the most profitable locations for Bitcoin mining, even with the increased cost of electricity and reduced rate of mining. This would mean that if the dominant cryptocurrency were to fall by half its value, miners in China would still turn a profit. Balancing Electricity Costs The price of bitcoin is currently trading near…

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Blockchain “Smart Grid” to be Tested in Fukushima

Category: Blockchain, News

Blockchain “Smart Grid” to be Tested in Fukushima

Japanese energy company, Eneres, will demonstrate the potential for an energy-grid supported by blockchain technology. Blockchain Energy Grid Nikkei Asian Review reported on September 2 that Eneres energy company would be experimenting with blockchain technology as a means of distributing electricity. The demonstration is to be a part of a series of attempts by the Fukushima prefectural government to find…

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Russia’s Savvy Move to Boost Mining Energy Power

Category: Altcoins, Bitcoin, Mining, News

Russia’s Savvy Move to Boost Mining Energy Power

According to Vedomosti, the Russian-language business daily published in Moscow, major companies operating power plants in the country are leasing excess energy capacity to cryptocurrency miners. This move is being hailed as a boost for crypto miners who are seeing their electricity bills consume a significant proportion of their profits. At the center of this major development are two of…

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Oil Giant BP to Test Blockchain Technology With BTL Group

Category: Blockchain, Business, News

Oil Giant BP to Test Blockchain Technology With BTL Group

Oil giant BP, the world’s eighth-largest energy company by revenue ($222.8 billion), has officially begun collaborating with Canadian blockchain startup BTL Group. After a few months of successful testing, BP, Italian oil and gas company Eni, and major German energy company Wien Energie all plan to enter a six-month production phase with BTL’s Interbit platform built on top of the…

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European Energy Operator, TenneT, To Use Blockchain For Electricity Security Of Supply

Category: Blockchain, News, Tech

European Energy Operator, TenneT, To Use Blockchain For Electricity Security Of Supply

Leading European Electricity Transmission System Operator (TSO) TenneT is spearheading a collaboration between key European energy service providers, Sonnen and Vandebron, powered by IBM’s Hyperledger Fabric-based blockchain to maintain the security of supply of energy for its consumers and prosumers. Netherlands-based TenneT is one of Europe’s leading energy service providers. It is tasked with keeping the Dutch energy grid in…

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Why the German Energy Industry Started to Love the Blockchain

Category: Business, News, Tech

Why the German Energy Industry Started to Love the Blockchain

The German energy industry has caught Blockchain fever. More than 50 percent of the companies are planning a Blockchain project. But what do the energy companies expect from the technology? How do they think it will disrupt their industry? In this article, we will take a look at the ideas that are circulating and the first projects. In most countries…

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Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

Category: Bitcoin, Commentary, Ethereum, News, Tech

Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

From December 4, the bitcoin price was $749.99 and increased to a high of $1120.51 on January 6, settling around $880 at the time of writing. This continuous increase of the price of ‘digital gold’ has been attracting people around the globe to mine Bitcoin. Since mining provides an opportunity for people to create income, they are incentivized to facilitate…

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Energy Trading on the Blockchain, Siemens Partners with LO3 Energy

Category: Business, News, Tech

Energy Trading on the Blockchain, Siemens Partners with LO3 Energy

Over the past two years, the development of the blockchain technology led by the financial industry has been adopted by various markets that rely on centralized databases and servers to store data. Navigant Research, a prominent US-based market research and consulting firm, states that the utility industries will most likely adopt the blockchain technology next for the deployment of peer-to-peer…

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