Blockchain Startup Candela Coin Develops Solar Powered Eco-Friendly Cryptocurrency Mining Protocol

2021-6-7 18:57

Candela Coin is a cryptocurrency that allows holders to take part in the first ever decentralized blockchain based peer-to-peer transactive solar energy system. People across the globe will be able to transfer solar energy to others in their communities using Candela coin as a medium of exchange.

Candela Coin recently came up with a new development. They have developed a solar powered method for mining cryptocurrency. Not only would this method be eco-friendly, but it would benefit the environment. It would provide eco-incentives to mine cryptocurrency. Cryptocurrency mining has recently come under attack by the mainstream media. The large quantities of power that is required to mine cryptocurrency can severely damage the environment since the energy is coming from a grid powered by fossil fuels.

Going solar can reduce demand for fossil fuels, limit greenhouse gas emissions, and shrink the carbon footprint. One home installing a solar energy system can have a measurable effect on the environment. According to the U.S. Energy Information Administration, the average home with solar panels in Connecticut uses 8,288 kilowatt-hours (kWh) of electricity per year. Switching from fossil fuels to solar power in the state has the same emissions reduction effect as planting around 150 trees every year.

Candela’s protocol relies on solar energy being the source of energy. By using a 100W photovoltaic panel, the output would be enough kWh to generate the computing power necessary for cryptocurrency mining, all the wile reducing carbon emissions, air pollutants, and providing eco-incentives to cryptocurrency miners. This method will require an ASIC configuration or GPU. Candela Coin CEO Avi Shane Verdugo said, “To put it clearly, following our protocol would mean the more cryptocurrency that is mined, the more our carbon footprint shrinks. Mining cryptocurrency would actually help the environment. Miners would be incentivized to to produce more solar energy so they could generate more computing power and mine more crypto.”

Candela Coin can be traded on the P2PB2B exchange. The ticker symbol is CLA and the market pair is USDT (tether).

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Coin(O) (CNO) на Currencies.ru

$ 0.0003323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0003323 - H: $0.0003323
Капитализация $35.041k Rank 99999
Доступно / Всего 105.462m CNO

blockchain solar cryptocurrency candela coin ever decentralized

blockchain solar → Результатов: 59


Фото:

RUON.AI Announces Patents and Successful Upload Of SovereignSky Space Blockchain

Within just a decade, mankind will be well on the way to ending extreme world poverty. A new, encrypted Wi-Fi network will connect people on Earth. And a near indestructible blockchain financial system and global currency will exist off-world, invulnerable to the effects of war, conflict, solar flares, meteor impact, global catastrophe, cyclones, banking and market collapse and other catastrophic events.

2019-12-30 13:30


Фото:

Blockchain P2P Solar Energy Trading Goes Live in India

Uttar Pradesh, the largest state in India by landmass and population, has become the first in the country to launch a blockchain-powered solar energy trading infrastructure. The pilot project will see state government buildings generating electricity using solar rooftops — which will then be sold to neighboring households and office spaces using Power Ledger’s blockchain […] The post Blockchain P2P Solar Energy Trading Goes Live in India appeared first on BeInCrypto.

2019-12-2 13:53


Power Ledger Launches a Blockchain Energy Trading Software, Virtual Power Plant, in Australia

Power Ledger, an Australian blockchain company, is launching blockchain technology in South Australia in partnership with a local energy retailer, Powerclub. With the new blockchain technology, Australians will be able to pool excess solar energy and battery storage into a Virtual Power Plant, which enhances effective management and exercises significant control over their energy. Like […]

2019-11-9 22:36


Facite ICO

Blockchain Business Model In Kazakhstan The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology. The Facite Foundation built and operates a mining center in Pavlodar, Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry.

2019-5-16 06:03


Japan’s Kyocera Solar Power Provider And LO3 Energy Test Blockchain Virtual Power Plants For Energy Benefits

Blockchain Technology Proves To Be Helpful In New Use Case with Power Supplier Kyocera – Energy Distribution The benefit that blockchain technology offers is that it can track nearly anything. With a code or even an identifying number, the distributed ledger can follow along with various types of products and currency. Kyocera, a solar power […]

2019-2-26 00:51


Electricity Consumption of Bitcoin is a Non-Issue: Solar Energy is Free in Some Regions

Bitcoin and its trustless, decentralized design requires a unique process called mining that validates each transaction being added to its underlying blockchain. The process involves solving complex mathematical equations, and typically requires some serious computer processing power, and even specially-designed hardware, to validate each block.

2018-12-18 20:01


Фото:

Burstcoin Burstcoin Developers Complete On-Chain Crypto Transaction without the Internet

Burstcoin developer Daniel Jones announced that he managed to complete a blockchain transaction without access to electricity or the internet. The claim first came through his Twitter account, @nixops, on September 15, 2018, where he wrote, “It is with great honor I present to you the first $burst radio transaction.

2018-10-2 17:00