Green energy made useful for mining

Japanese energy operator Kumamoto uses excess energy to mine cryptocurrency
01 March 2018   1308

Kumamoto City local energy producer has reported it established an affiliate company OZ Mining that deals with the virtual currency. OZ Mining buys electricity from Kumamoto solar plants at a rate of 10~19 yen/kWh. The amount that the operator offers is a surplus of the produced electricity. This kind of application makes it effective to mine cryptocurrency.

Apart from just mining cryptocurrency, OZ Mining specializes in designing and building data centre sites (like mining farms) and assembles necessary mining rigs that can be fit to customer needs and power capabilities. Another notable product of the company is mining systems designed to work in cooperation to further increase the effectiveness.

The uncontrolled usage of electricity for the mining needs has recently become a mind-boggling issue. The situation has a reached a point when a solo mining farm easily overspends an entire country in terms of energy consumption. This poses a risk of huge pollution and environmental disaster. The instance of using a green energy is unprecedented and potentially could pave a way to more affordable renewable energy. Sources of renewable energy are usually located far from the population and pose a threat to the environment.

Amberdata to Study Abnormal ETH Miners Rewards

As reported, unknown person mixed up the “gas price” field and “transaction cost”, left the workplace, and the bot did not work correctly
21 February 2019   55

The research startup Amberdata analyzed the activity of the Ethereum network in the last 24 hours and, like the media, found five transactions with an abnormally high commission.

It turned out that all five transfers were made from one address. Within four hours, the owner of the address paid the miners about $ 583,976 for processing transactions.

Note that the commission for block # 7,238,290 in the amount of 2103,1485 ETH, which was received by the Sharkpool pool, is the largest in the history of the network. Nevertheless, representatives of the pool temporarily froze funds in case the owner of the address made a mistake.

Amberdata is convinced that an unknown person mixed up the “gas price” field and “transaction cost”, left the workplace, and then the bot did not work correctly.