Blockchain Mining of Cryptocurrencies as Challenge and Opportunity for Renewable Energy

2018 IEEE 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON 2018): Conference Proceedings 2018
Dmitrijs Rusovs, Sigurds Jaundālders, Pēteris Stanka

The energy consumption of fast growing blockchain mining industy should be considered as opportunity esspecially for renewable sources. Possible limitation of feed-in tariffs for electrical energy exported into the grid often challenge existence of distributed biogeneration. Since, electrical energy cost had crucial influence on feasibility of cryptocurrencies minings, presented paper suggest definition of levelized cost of Bitcoin. However, participation in mining activity request higher efficiency of electrical energy generation. Combined heat and power plants can perform in trigeneration mode and this will enhance total energy performance for mining farms due to reduction of energy consumption for mining rigs cooling

Atslēgas vārdi
blokchain; bitcoin; mining; biogeneration; feed-in tariff; trigeneration
DOI
10.1109/RTUCON.2018.8659867
Hipersaite
https://ieeexplore.ieee.org/document/8659867

Rusovs, D., Jaundālders, S., Stanka, P. Blockchain Mining of Cryptocurrencies as Challenge and Opportunity for Renewable Energy. No: 2018 IEEE 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON 2018): Conference Proceedings, Latvija, Riga, 12.-14. novembris, 2018. Piscataway: IEEE, 2018, 1.-5.lpp. ISBN 978-1-5386-6904-4. e-ISBN 978-1-5386-6903-7. Pieejams: doi:10.1109/RTUCON.2018.8659867

Publikācijas valoda
English (en)