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Sources of renewable energy are something we have to regard highly and use wisely for the sake of humanity. Traditionally, the production of renewable energy has been linked to the burning forestry material and agricultural waste biomass. Only at the beginning of the 20th century did the hydropower plants started to be used on a larger scale, and nowadays these are dominant with approximately one quarter of renewable energy consumption being accounted for. The times we live in are linking renewable energy and blockchain technology, in an exploration of more efficient ways to produce, distribute and sustain energy.
So, how does the blockchain fit into this picture?
Many people claim that blockchain could be the future of renewable energy. When we hear the word “blockchain” we immediately think of Bitcoin. However, BTC is just one of the aspects of blockchain use. The focus is on a network that is decentralized and controlled by users themselves, with all transaction data being stored on “nodes” or small computers. Blockchain also ensures that the information stored is secured and reliable.
Bitcoin and Energy Consumption
Apart from being very handy and covering the transmission of data and assets instantly, with no “middle man”, blockchain network also uses some energy to run. A lot of energy. There are data that suggest that only in March 2018, the Bitcoin network globally used consumed energy which is equivalent to approximately 86.5% of the energy consumption of the Czech Republic. The fact is that any Bitcoin transaction uses some 500,000 times more energy than a single Visa transaction, entailing huge carbon emissions. However, the alternatives are being developed and some of them are already in use, such as the system called “proof of stake”, which uses significantly lower amounts of energy due to the fact that it does not require that mining, i.e. validating blocks is performed by all the “nodes”.
Blockchain-Based Energy Supply Vs. Traditional Grid
When it comes to the energy sector, the industry in general is still hesitant, possibly because of the blockchain’s ability to keep the records decentralized.Nevertheless, we are witnessing to the growing number of, let us call them, “independent renewable energy installations” which supply households with as much energy as one need. These are usually put on rooftops in the form of solar panels. In some countries, such solar panels can cause stress to the electricity grids, which were designed with centralized powerplants in mind.
There are indications that blockchain could stabilize the grid by allowing users to trade with energy among themselves, which actually means that the users would pay each other directly. From the consumer’s point of view, additional advantage of using blockchain would be in thinking in advance and promoting incentives for local consumption, while producing.
Furthermore, with proper tools, blockchain could ensure the tracking of electricity and its consumption in real time and avoid double counting.
Also, as a network that defies the mainstream, blockchain can allow smaller players, i.e. energy producers to engage and take a share of the market.
The downside to this solution would be eliminating big players in the market, such as distributors, suppliers, retailers – just to name a few.
Blockchain and Renewable Energy in the US
“The Brooklyn Microgrid” is the project based on the above-mentioned principles. In its core, it is a system which produces, stores and trades energy locally, among the members of the community. On the other side, it is not completely decentralized, as the grid itself is still being maintained by the utility provider.Nevertheless, the fact that the energy is produced and traded among and by the users themselves makes the grid more resilient and sustainable. How does it work in practice? Well, you could use your electric car, for example, or solar panels, or any other energy installation to supply the energy to the grid. You could then use the energy yourself or sell it to another consumer. In case there happens to be any extra energy left, you could store it among the members of the grid, making the community energy independent. How cool is that?
For additional info on The Brooklyn Microgrid, you can visit their web site.
We at Casino Brango made every effort to make your April as an unforgettable month. Have we succeeded in doing so? The answer depends on you. There are the highlights of last month and you can check in did we were really good.
New Game
If you just once heard a Mariachi band played at some wedding or other celebration and you like it, the brand-new RTG slot could become your’s favorite game. It is full of great music, vibrant graphics and what is most important, lots of prizes. “The Mariachi 5” slot is a five-reel, 243 all-ways-pays game, which means you always have the same chance to win. The winning direction is left to right. There is a yellow letter WILD symbol doubling your wins and a donkey Piñatas free games icon.
Casino Brango Easter Promotion
We could bet that our players will remember the Easter promotion on our blog for a long time. Trying to making a step further we had a unique and fun challenge for our readers. They have to guess the correct answer to post about Easter and everyone who did that got 100 free spins. Also, at Casino Brango we have a different coupon for every day from April 15th to April 21st. It was a good opportunity for our players to pick some great prizes day by day. One of the players who used coupons during the Easter promotion, Rikard, won great $2351 cashout.
Top Winners
Scott, our well-known slot player, had several great wins in the past. Last month he managed to won twice at Casino Brango. First, he hit $12.750 on the slot “Hen House” and few days after Scott had one more great win of $14.685which made playing slots: “Secret Jungle“, “Cash Bandit’s 2“, “Witch’s Brew” and “Regal Riches“. Alexander is a table game lover and he played Blackjack which is on the list of top 5 most popular table games at online casinos and won $2500. The slot “Witch’s Brew” was lucky for our player Richard also, and he got great $2003.
Most Played Games
Everybody knows that “Gemtopia” is one of the most popular games at Casino Brango, and it isn’t surprising that it was the most played game in April. Another two slots which played the most were “T Rex” and “Cash Bandits 2“.
Most Paid Games
This month we have some great cashouts and the biggest of them are made on the three slots: “Three Kingdom Wars“, “Hen House” and “Loose Deuces“.
Video slots are the most played games at every online casino. Probably, it’s because of the fact that slots have very simple rules and you don’t have to have previous knowledge to enjoy spinning reels. But, if you are a newbie in the world of online casinos, you have to know the terminology about slots which will help you make a decision about the slot you like to play.
The volatility of Video Slots
This term refers to risk, but it has its good and bad sides. Some things related to the video slots contribute to the calculation of volatility. It is the number of reels, the number of symbols incorporated in the game, plus the way the paylines are designed. You may gladly choose to play slots with low volatility because you can land winning combinations often, while high volatility slots make winnings difficult to come by. But, there are advantages and disadvantages to both. Games with low volatility usually pay less money in proportion to your bet, while high volatility slots pay out more.
RTP
RTP is the acronym of Return to Player, the term casinos use to describe the percentage of all the wagered money slot will pay back to players over time. It is referred to how much of the total amount bet on a slot will be paid back to players over a certain time period. Each slot game has its own RTP and you should choose a slot that has high RTP. It shows that the game was designed in favor of the player, not the game developer or casino.
Progressive Jackpot
Progressive Jackpots have the biggest payouts of all the jackpots out there. Unlike the regular jackpots which are fixed at a certain amount, progressive versions are not fixed and the full amount will continue to increase as more players join the game. Slots with progressive jackpot take a small percentage of each bettor’s wager and put this amount into the pot. It means that jackpots of some slots are usually linked together through a network and these games are hosted by many different online casinos which use RTG software, just like Casino Brango. Every online casino has just a few progressive slots in its offer. At Casino Brango these are: “Aztec’sMillions“, “Megasaur“, “Spirit of Inca“, “Cleopatra’s Gold“.
A pet among the cryptos. Dogecoin, a steady cryptocurrency with no meaningful advantage over other cryptocurrencies, but with the most passionate community of fans.
What Is a Dogecoin
The same as Bitcoin, Dogecoin is a decentralized cryptocurrency working in a peer-to-peer network. It is actually one of the oldest cryptos that endured the test of time, mostly due to the support of its passionate community. It was initially designed as a digital currency for higher trading volume and instant transactions. One of its specificities is the fact that there is no hard cap on the number of Dogecoins that can be produced. Dogecoin is functioning on blockchain, but it uses a different algorithm than Bitcoin does.
Its current position as 26th by market capitalization among cryptocurrencies, says that it may not be the leading crypto, but it has proved its ability to keep steady in stormy weather.
Trivia
The mascot of Dogecoin is a Japanese dog bread called Shiba Inu, symbolizing friendship. This could be the fact that the designer had in mind – that this cryptocurrency will become one of your best friends. Shiba Inu is the small, but very fast dog from Japan, which is said to adapt well to difficult terrains. At the beginning, he was used for hunting. It likes to be cleaned like no other dog breed. Sometimes aggressive, it is recommended not to let them close to children. Perhaps the most interesting characteristic of Shiba Inu is the scream this dog can produce. It is very high pitched and loud, and it is usually produced if the dog is being handled in a wrong way.Similarly, when Shiba Inu is happy, it will let you know.
How to Use Dogecoin
The same as with Bitcoin, the first thing that you need to do is get yourself an e-wallet. Different Dogecoin wallets come with different features. Whichever you choose, your assets would be more secure than keeping them on a platform. Software wallets are free, while hardware wallets require some investment. However, great number of users decide on a software wallet, because its free, and because so far, we have all been accustomed to keeping our private keys, i.e. passwords in physical form, rather than online. This brings us to another matter: once you get yourself a Dogecoin wallet, you will need to set up the Dogecoin address. For detailed instructions on getting the wallet and initial set up of address, you can watch the video below.
The next thing to do is finding an exchange that trades with Dogecoin. Most of the Dogecoin fans use Kraken, Changelly, Poloniex, YoBit. Remember to always check out the reviews of cryptocurrency exchanges before signing up and buying, as some of the terms & conditions may change rapidly.
Buying Dogecoin itself can be tricky because you cannot buy it directly with a credit card, or a debit card for that matter. Nevertheless, you can buy another cryptocurrency using this payment method (on Coinbase or Coinmama), and trade it for Dogecoin.
A very important step in dealing with cryptos is to withdraw the coins you have bought, from the exchange into your wallet. By doing this, you are taking control over your assets.
