Energy

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

Four people have been arrested in Venezuela for using the country’s electricity illegally by mining Bitcoins. Bitcoin mining is a very power-intensive activity consuming many units of electricity a day. Implying that if unpaid electricity is used, within just a few weeks, millions of dollars in power revenue could be lost.

IMO as an expert by Marco Maltese, Bitcoin enthusiast and the author of the book "Enter Bitcoin: How It Works, Why It Works, Why Invest Now, Future Scenarios".

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

Individual producers and consumers of solar and wind energy will now have an instrument to integrate a Blockchain-based network into a new generation of energy trades. This comes thanks to three hackers who won the Dutch international energy hackathon H4ckenergy 2016 with their Blockchain project named EcoCoin.

Charna Coin, a cryptocurrency company, and Ubiquity Energy to invest $700,000,000 into solar stations in the Philippines, Peru, Brazil, Panama and Puerto Rico. The first solar station that will cost about $1,000,000 will be installed in Cotabato, Philippines.