BLOCKCHAIN MINING OF CRYPTOCURRENCIES AS CHALLENGE AND OPPORTUNITY FOR RENEWABLE ENERGY

Abstract

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.