THELOGICALINDIAN - The Solarminer is IOEN and Redgrids renewable activity band-aid to cryptocurrency minings activity problem
Los Angeles-based acreage developer, Kinfolk Properties, has teamed up with Redgrid and IOEN to accommodate acceptable Bitcoin mining and apple-pie activity basement into Kinfolk’s flagship multi-dwelling Venice Beach residential development. Demonstrating an accomplished use case for IOEN’s agreement with signals from inverters and solar infrastructure.
Kinfolk Properties Launches Solarminer
LA-based developer Kinfolk is austere about maximizing the apple-pie activity abeyant of its developments and convalescent the affection and amount of active for its residents. Property developers accept been afraid to arrange solar console installations on their rooftops due to ambiguous banking returns. Sustainable developments are a key differentiator in aggressive rental markets in LA. But the Solarminer has gone alive aloft the rooftop of Rose Ave, Venice, and will bear this multi-dwelling circuitous a banking advantage rather than access expenses.
Clean activity basement is a aerial antecedence for Kinfolk’s residents. However, affairs balance activity aback to the filigree in California has not delivered a banking benefit. Now, Redgrid’s activity abstracts software and IOEN’s agreement are managing the ‘virtual microgrid’ of solar panels, and the Solarminer rig in real-time on the Rose Avenue complex, and will bear a faster aftereffect for advance in renewable activity assets. In addition, rolling out the Solarminer beyond Kinfolk’s development portfolio of 250 backdrop will animate the city-wide acceptance of renewable energy, including Electric Vehicle (EV) infrastructure.
Bitcoin mining has appear beneath blaze for its accretion carbon brand and abbreviating bread-and-butter activity as activity prices increase. So too accept added costs associated with EV basement and electrification of added appliances. Nevertheless, the acceptance and acquaintance of Bitcoin mining are ascent fast. Activity costs associated with mining will alone access forth with appeal for low-cost, high-return apple-pie activity solutions that are adjustable and scalable. Redgrid and IOEN’s Solarminer rig has amorphous its #followthesun journey
in brilliant Venice, LA, at the alpha of summer.
Brook Kennedy, Chief Marketing Officer at Redgrid, said:
“Solarminer is a acceptable bitcoin mining software that uses balance apple-pie activity generated from solar panels to abundance bitcoin.”
Adam Bumpus, IOEN CEO, added:
“Solarminer is a amount use case for demonstrating the amount of the IOEN protocol. Specifically, decentralization, real-time settlements of community-level activity affairs that aftermath globally communicable value.”
IOEN is an open-source, community-driven arrangement for transforming activity grids into faster, cleaner, smarter activity markets. IOEN’s able agreement is congenital on Holchain and shares the aforementioned secure, hyper-scalable foundation.
Redgrid’s activity abstracts platform, application the IOEN protocol, allows residential or bartering users to abate their carbon brand by application activity back there are added renewables in the grid. Redgrid’s technology transforms the congenital ambiance into a accommodating filigree of arduous and bearing devices, creating the alone activity bazaar that settles affairs in real-time worldwide. Redgrid uses the IOEN agreement to bear the future’s acute burghal technology to your homes.
