Re:Brooklyn’s Latest Craze: Making Your Own Electric Grid
by deegles on Tuesday June 27, 2017 @03:46PM
(#14648720)
Given how notoriously energy intensive it is to process a blockchain transaction, I wonder what the lower bound is for each transaction to use more energy than the solar panel outputs. Not sure how to do the math on that :)
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Re:Brooklyn’s Latest Craze: Making Your Own Electric Grid
by polskibus on Tuesday June 27, 2017 @03:51PM
(#14648758)
Perhaps you were thinking about Bitcoin instead of blockchain? Blockchain doesn't have to rely on expensive mining, it's all matter of incentive structure. For a microgrid, fees and algos don't have to be that expensive.
Re:Brooklyn’s Latest Craze: Making Your Own Electric Grid
by deegles on Tuesday June 27, 2017 @04:11PM
(#14648941)
I found an article saying they're working with ConsenSys, which uses Ethereum. Of course they might have an independent chain but that was my impression.
https://www.technologyreview.com/s/604227/blockchain-is-help...