Top 5 Advantages of Blockchain Certification

Blockchain technology today has spread across a wave of industries. Blockchain has gone far off its genesis and a report says that annual worldwide spending on this technology has nearly tripled since 2017. Annual spending on blockchain solutions is anticipated to reach $16 billion by 2023. Today, almost every industry, be it gaming, banking or finance are realizing blockchain applications.

blockchain-certified-professional

“Everything will be tokenized and connected by a blockchain one day.”

– Fred Ehrsam

From the perception that blockchain is meant only for banking purposes, it successfully moved to the implementation by almost every sector like:

  • messaging apps (like Telegram)
  • hedge funds (Numeral)
  • Voting (as in Follow My Vote)
  • Internet Identity and DNS (as in IBM Verify Credentials)
  • Critical Infrastructure Security (for example, blockchain-enabled keyless signature infrastructure)
  • Ride Sharing (used by Arcade City)
  • Internet advertisement
  • Crypto exchanges
  • Education and academics (as used in Learning Machine)
  • Car leasing and sales
  • Cloud storage, cloud computing, mesh networking
  • Industrial IoT, forecasting, and real estate

Now it is clear that blockchain is finding its application everywhere and making a career in this field would definitely prove to be a huge success. Let us explore how taking up a Blockchain certification course can let you make a pronounced career move.

Let us now see what actually Blockchain means.

What is Blockchain?

Blockchain is no new term for people involved in investments, banking, or cryptocurrency.

Blockchain, which is based on peer-to-peer (P2P) topology, is a distributed ledger technology or DLT. It allows data to be stored across the globe on numerous servers that allow anyone on the network to see everyone else’s input in near real-time. This makes it difficult for any user to achieve control of the network.

Simply put, blockchain is a chain of blocks, where ‘blocks’ refers to the digital information that is stored in a public database that is ‘chain’. Blockchain was initially created to serve as a platform to support Bitcoin.

Blockchain provides businesses with the promise of transactional transparency, which gives them the ability to create secure, real-time communication networks with partners worldwide that includes supporting everything from supply chain to payment networks, or real estate, and healthcare data sharing.

Blockchain technology conserves a record of entire exchanges of data that takes place. In terms of cryptocurrency, transfer of every information is referred to as ‘transaction’, and the database where all transactional records are saved is referred to as a ‘shared ledger’. Every successful transaction is added as a ‘block’ in the ledger.

Reasons to get Blockchain Certified

The candidates who wish to make a career in the Blockchain domain can go for blockchain certifications that are offered by the blockchain council. The certifications render a thorough knowledge of core concepts of blockchain and may prove to be the pathway to a lucrative career in this domain. Getting blockchain certified makes you industry-ready by making you develop the right skills you need to be proficient in the domain.

Let us read about the reasons why you should get Blockchain certified (as stated by the Blockchain council): A census states that 50% of people use the Internet today, but only 0.5% use blockchain; this can be taken as an opportunity to move ahead and learn blockchain.

You need to:

  • Understand how blockchain technology works.
  • Learn the skills related to blockchain.
  • Collect useful resources and make their efficient use.
  • Implement your knowledge in building decentralized applications.

1. Huge demand for blockchain professionals

Blockchain is trending today, and there is a shortage of skilled professionals. You can develop the required skillset and land on to a lucrative job.

2. Excellent salary and high job prospects

Indeed.com reveals the average annual salary of a blockchain developer to be USD 92,982.  The salary increases with your experience and also, the job market is bright for blockchain enthusiasts. The roles for which companies are looking for are:

  • Cryptocurrency Developer
  • Cryptocurrency Analyst
  • Cryptocurrency Trader
  • Cryptocurrency Mining Technician
  • Systems Engineer
  • Bitcoin Full-Stack Developer
  • Cloud Engineer
  • Senior Software Engineer

3. Absolute Disruption in chain

Blockchain is capable of adding significant value by improving confidence between parties and minimizing friction in the value chain. Hence, it creates many job opportunities as managers might be reassessing their value chains, and players might be estimating their future positions.

4. Industries on Blockchain

Apart from banking, almost every industry is implementing Blockchain technology today, such as energy resources, supermarkets, healthcare, cloud storage, real estate, travel and transportation, voting, and many other sectors.

Other advantages of getting blockchain certified include integration with new-age technologies, the inflection point of an era, data security and digital identity, calculated investments in cryptocurrencies and ICOs, vast infrastructure.

Bottom line

Blockchain is considered a disruptive technology which means that it is capable of bringing out drastic changes in the industry. Eventually, it has become one of the dominant technologies in the market today. The reason being that blockchain is an open-source ledger that is public. It makes transactions fraud-free, and no central authority controls it. The transactions made using blockchain are faster and reasonable.

Since blockchain is applied in almost every industry today, you can choose the industry you like and move ahead to make a career in it. You can choose from the many job roles offered by the blockchain council.

To achieve blockchain certification, it is strongly recommended that you take up a training course. There are several benefits of taking up the training course by some genuine online training provider.

Firstly, the thing that you worry about is the study material, from where to start and what to study. By taking up the course, you don’t need to care about this. Secondly, no time limitations are there and you can study anytime you wish to, and that too at your own pace. Third, you can choose from the modes of learning offered, that is, blended learning, instructor-led, or online training. All you need is to get yourself registered.

Renewable Energy Stocks to Buy in the UK

The UK has become a leading voice in the fight against climate change. It’s cleantech and green energy sector consists of a startups and scaleups, all serving as a microcosm for the rest of the planet. Electric cars, renewable power and even insect-based protein for pets – this is the extent of innovation happening in the UK. Of course the UK isn’t the only country serving as an incubator for renewable energy companies – many other countries and companies are doing their part. However, if you’ve got an interest in renewable energy stocks to buy in the UK, then keep reading to know the best renewable energy companies to invest in the United Kingdom.

1. Recycling Technologies

A product of the University of Warwick conceived back in 2012, Recycling Technologies has aspirations towards a circular economy specifically for combating the effects of plastic. Thus far this green energy company has created modular technology that converts mixed plastic waste into a viable fuel for new plastic production, thus lessening the amount of new plastic on the planet.

recycling technologies

To date, Recycling Technologies has raised enough investment capital (£33.7m) to start building and commercialising its technology.

2. First Light Fusion

Conceived at the University of Oxford in 2011, First Light Fusion is looking at new was to utilise the power of inertial confinement fusion (ICF), a form of laser-focused fuel compression,  for the purposes of power generation. One of the major benefits of fusion is that unlike other forms of renewable energy like wind or solar, fusion can deliver energy in spite of weather conditions.

Thus far, First Light Fusion has secured £53m in equity funding and plans on upgrading its resources, hiring more staff and expediting its workflow. Anyone with an interest in energy and solar company stocks would do well to keep an eye on this one as it looks set to go places.

3. Propelair

Likely taking a page out of Bill Gates’ book, Propelair has developed a low-water flush toilet system for the business sector. It’s toilet system can be integrated into existing drains, thus making for low-cost installation and reducing the water usage in commercial buildings.

The company has secured equity financing to the tune of £16.5m and has global interests stretching as far as the Middle East and Australia.

4. SaveMoneyCutCarbon

Established back in 2012, SaveMoneyCutCarbon serves in a consulting capacity and acts as a singular conduit for all kinds of energy and water saving initiatives.  Catering to both households and companies, SaveMoneyCutCarbon provides consultancy services, analysis, advice and energy-saving product installations. The company also provides a slew of eco-friendly products for home use.

how to make your home energy efficient

To date, the company has raised £8m in equity funds. Throw in a pre-money valuation of £13.7m and a £3.65m deal with Barclays and you have a company with plans to grow locally and beyond.

5. Enertechnos

This energy efficient startup has developed a new type of electrical transmission cable that relies on capacitance technology to minimise the loss of energy. The end result is an electrical transport solution epitomised by the Captive Transfer System which lets energy travel from power plants to households and end consumers at a much more efficient rate than the archaic power-draining wires used in traditional power grids. This technology can also be integrated with other sustainable energy products like smart grids, electric vehicles and wind farms.

Equity funding to date totals £8.36m, pre-money valuation sits at £22.1m, and the company plans to expand commercial sales, its marketing team and its engineering.

Why Should Banks Implement Eco-Friendly Payment Solutions?

Banks play an important role in facilitating investment flows and financing economic activity. However, most banks do not think about the effect they have on the environment or society when making strategic decisions. Revenue is the main priority in the banking industry. However, many consumers are now asking for change. They want the banking industry to become more eco-friendly.

Banks who choose to favour more eco-friendly solutions can do their part in reducing the strain on the planet’s resources and better align with their customer’s expectations at the same time. One way banks in which can become more eco-friendly is by introducing more eco-friendly payment solutions. By introducing these solutions, banks will not only improve their bottom line, but they will also be embracing the environmental aspirations of their customers. Here are some of the ways that banks can make their payment solutions more eco-friendly:

ecofriendly payment solutions for banks

1. Encourage Circular Thinking

For a long time now, businesses have followed the take, make, dispose-of paradigm, the ‘linear economy’, in which resources are seen as endless. In fact, evidence suggests that only 9% of 89 billion tons of materials are re-used or recycled.

Today, single-use plastic accounts for over 40% of the world’s plastic production. Thanks to this, plastic pollution is now one of the most serious environmental issues in the world. However, plastic still remains one of the main materials of the modern world and despite more and more people understanding the issues we face, plastic production is still on the increase.

 

With this in mind, we need to think of ways to overcome these issues, such as changing behaviours, business models and consumption models. Changes to plastic recycling and plastics will have a huge impact on taking care of the world around us by reducing oil consumption, saving landfill space, reducing emissions, and saving energy. Banks need to challenge the take, make, dispose linear model, and instead replace it with a reduce, reuse, recycle way of thinking.

circular economy

2. Introduce Greener Payment Solutions

If banks want to continue to thrive in this eco-conscious world, they need to consider offering their customers more eco-friendly payment solutions. A recent survey suggested that nearly 90% of consumers expected their banks to offer more eco-friendly cards. In fact, many of these consumers also stated that they would change banks if their bank wasn’t eco-conscious.

3. Have an All-Inclusive Eco-Friendly Approach

Customers have begun to demand that banks offer eco-friendly solutions in the payment value chain. Evidence suggests that 65% of customers expect banks to offer digital statements as an alternative to paper documents, and over 70% of consumers believe that banks should offer a recycling service for old, unused cards.

a paper free office

As a result of this, banks should consider making their payment cards out of more eco-friendly materials. However, this is not the only thing they need to do. They should also consider reducing their carbon footprint, recycling expired cards, replacing paper statements with digital alternatives, and introducing more eco-friendly packaging.

Green banking is no longer something to simply consider; it is something that needs to be done now. Banks that move from a linear to a circular economy are not only aligning with their customers’ expectations who decide whether a brand flourishes or withers, but they are also taking responsibility from an ethical perspective.

Green Financing as a Tool for Sustainable Development

Climate change and environmental damage due to human activity is now an accepted fact. Thankfully, investors and financial organizations are finally recognizing the importance of changing our ways and investing in sustainable technologies. This type of green financing is allowing them to recognize the environmental and financial benefits of these new technologies.

Green SMEs

Today we’ll cover how green financing can be used to encourage sustainable development on the company and individual scale.

What is Green Financing?

Green financing at its most basic is the use of public money, private loans, and micro-lending to support sustainability. The goal of green financing is to encourage change in favor of environmentally friendly actions.

It can be everything from large scale investment into tools to fight climate change all the way down to small personal online loans next day for consumers. This allows everyone to do their part to help promote sustainability.

Most green loans are tied to specific metrics. They can cover everything from large companies to the type of washing machine you purchase.

How Green Financing Works

Like any financial product there’s a huge range of green financing options. One of the most prominent examples is sustainability-focused venture capital firms.

These VC firms search for early-stage startups with a focus on the environment. They combine their financial goals together with their vision of what the planet should be.

By far the largest subset of their focus is on reducing our dependence on fossil fuels and fighting emissions. On the individual scale there’s lots of focus on lowering your carbon footprint.

Lots of loans are specifically put in place for people to buy green friendly products.

What Qualifies as Sustainable Projects

There are tons of early to middle stage startups with a sustainability focus. These are all key examples of large scale green financing.

Many of the projects are receiving the most funding focus on clean power and the use of renewables. Think electric vehicles, charging stations, battery enhancements, solar and wind energy, etc.

Another major sector is advancements in water purification, desalination, and ocean cleanup. These also include interesting projects like advanced agriculture and reducing the overall reliance on irrigation.

For individuals most green financing is related to their home or vehicle. There are lots of online loans same day available for things like energy efficient appliances or vehicles. These often combine with tax credits as a way to encourage people to reduce their overall energy consumption habits.

One of the biggest uses of green financing by individuals is to buy an electric or hybrid car. This reduces the often high price of these advanced vehicles and makes it more attractive to drive one.

Another big one is to finance green renovations to your home. If you want to improve your home’s insulation or add on a solar power system there’s ample funding available. These often combine with tax breaks and utility buyback programs to make it an even more attractive option.

Turnaround Time for Financing Decisions

With venture capital the around time for high-quality opportunities is often very rapid. If you have a great model for your business and can show a clear return potential they’ll often respond within just a few days.

For green financing other factors come into play. Most green venture capital funds have very specific requirements on what they’re looking for. Do your research before contacting them and make sure you represent what they’re looking for.

How much you should reasonably expect to receive depends on how far along in the process you are. Seed stage companies generally receive less than $1 million. Series A and Series B can receive more but still much less than more mature companies with proven revenue and a customer base.

For personal green loans the turnaround is often much faster. Many companies offer instant or at least same day approval for well qualified borrowers. This gives you the freedom to begin making your plans immediately after receiving funds.

Make Changes Today

The clock is running down on our ability to head off the effects of climate change. Green financing is one of the best ways to make changes in the world and your life. It funds the technology that may save humanity and allows individuals to make changes to their home and car to reduce their own carbon footprint.

ROI of Commercial Solar Panels for Business Owners

The way business owners think about solar panels has changed. Less than ten years ago, businesses were concerned about whether solar power would provide them with the energy they need. Now, that question is almost never asked, because it’s been answered. Two of the biggest companies in the world, Google and Walmart, have installed dozens of solar plants at their headquarters. Solar energy has been shown to work well for big business. Now florida llc want to know how solar panels can provide them with a strong ROI.

It’s said money doesn’t grow on trees, but in the case of solar panels, it does fall from the sky.

solar-panels-for-businesses

Commercial Solar Panels Decrease Energy Costs

Solar panels cut down on the amount of energy you pay for, because all day every day, you’re producing your own.

There is a common misconception that solar panels only work when the sun is blaring but this isn’t the case. Even on an average day in the depths of a British Winter, solar panels produce enough energy.

When you generate your own solar power, you only have to switch to the National Grid at night. With most small businesses using less power at night, this can offer huge savings.

More than that, small business owners protect themselves from losses due to energy price increases. As the cost of using the National Grid rises, solar panels save a small business owner more and more money.

Generate a Passive Income

Feed-in-tariffs (FIT) offer a big ROI for business owners who want to install solar panels. FIT is a government scheme which intends to encourage people to adopt low-carbon and renewable energy technologies, by paying them to do so.

Under FIT, every unit of energy your solar PV system generates is paid for whether you use that energy or not, and you’re paid for any energy your system produces that goes back into the national grid.

This allows small business owners to generate a passive income for twenty years, guaranteed by the UK government. As if it couldn’t get any better, all the money earned under FIT is completely tax free.

The Cost of Installation Has Decreased

Many small business owners were reluctant to switch to solar panels because of the high initial outlay. Since the launch of the FIT scheme, the cost of installation has decreased dramatically, which means business owners will see their solar panels generate returns faster now than at any other point.

There are plenty of subsidies available to those who are looking to install commercial solar panels, because the government wants renewable energy to work for individuals and businesses. This also means the return on investment for solar panel technologies is at a high.

Helping the Environment Helps Your Business

If businesses are looking for sustainable and long-term growth, thinking conscientiously about the environment is crucial. With global temperatures rising, the rising costs of food and energy are going to have a massive impact on how consumers spend their money.

Solar panels have low maintenance cost

Switching to sustainable energy now has a positive impact on the ecosystem, which protects the pockets of consumers of your products for years to come. Decreased outgoings for energy means greater savings, and a show of environmental care can increase your prestige in a crowded market.

The Return on Investment

The safest commercial solar panels for investment cost very little to maintain once they’re installed, and can last up to thirty years. The estimated savings for residential properties over a twenty-year period is around £9,000, and for commercial properties that figure extends even higher; a small business can look to save £16,000.

No planning permission is required for businesses to install solar panels, saving you time which can save you money. Low installation costs, a decrease in energy outgoings and the generation of a passive income means the ROI of solar panels is higher now than at any other point. Solar energy works wonders for your business and the planet.

The Three Biggest Financial Crises

While the pandemic has become the hardest test for all countries of the world, it is not the first major blow to the global economy. We have compiled a selection of the three largest financial crises that hit the global economy the hardest.

largest financial crisis of all times

1. The Credit Crisis of 1772

By the mid-1760s, the British Empire had amassed a huge fortune through its colonial possessions and trade. All this contributed to the rapid development of the country, pushing banks to more active lending.

Banking partners Neil, James, Fordyce & Down lost £300,000 on shares of the East India Company. On June 8, 1772, Fordyce fled to France, trying to hide from paying debts.

News of Fordyce’s escape quickly spread throughout England, causing panic among depositors, and the crisis quickly spread to other parts of Europe. Historians say the economic fallout from this crisis sparked the Boston Tea Party protest in 1773 and launched the American Revolution.

2. The Great Depression

The stock market crash in the USA in 1929 provoked one of the main financial and economic catastrophes of the twentieth century. The depression continued for nearly 10 years and resulted in massive losses of income, record unemployment, and a drop in manufacturing, especially in industrialized countries. In the United States, the unemployment rate reached nearly 24.9% at the peak of the depression in 1933.

Experts name overproduction and the lack of proper oversight of the actively developing exchange market among the reasons for the economic decline, since the purchasing power of the population did not match the number of goods on the market and there were too many fictitious companies and financial fraud present.

largest financial crisis

3. The Great Recession of 2007-2009

The largest financial crisis since the Great Depression was caused by the mortgage crisis in the United States and a sharp increase in the number of non-payments on mortgage loans with a high level of risk. It damaged the economies of countries around the world, led to the collapse of one of the leading investment banks, Lehman Brothers, and threatened many major financial institutions and businesses.

Even though the Great Recession officially ended in 2009, ordinary people have faced negative consequences for many years due to the slow recovery of the labor market and falling property prices. As a result, the crisis has left millions of people unemployed and caused billions of dollars in damage.

How to Be Prepared for Major Financial Crises?

Generally speaking, even the richest person is not prepared for a sudden fall of the economy. Of course, having substantial savings does help yet doesn’t guarantee complete financial safety. The latest example is the COVID-19 outbreak that caused a lot of individuals and businesses to lose their main sources of income. If you have found yourself in a difficult financial situation, keep in mind that you can always turn to Payday Depot for prompt loans.

8 Eco-Friendly Solutions For Your Home Remodeling

Environmental awareness is spreading around the globe, and that is good. The more we know about what we can do to save the planet, the more we actually do. And, fortunately, it doesn’t take much – you can simply bring your reusable coffee cup to work, buy green vehicles, or use environmentally friendly solutions for your next home remodel.

If you want to know what they are, you should keep reading – we have prepared this article especially for you. Here, you will learn to buy reclaimed items, donate stuff you don’t use, re-face items instead of replacing them, insulate, use low or no VOC paints, and some more. Read on and make sure that you can make informed decisions when opting for eco-friendly home remodeling.

ecofriendly home remodeling

1. Buy Reclaimed Materials

This is probably the easiest thing you can do to help the environment while doing eco friendly home improvement. Reclaiming is the process of recycling materials that people would usually throw away. You might be surprised to learn that quite a large percentage of the things we discard can actually be recycled.

Reclaimed materials include products that have been used before, like bricks, wood, clay, concrete, stone, glass, etc. These items are usually in good condition, so you won’t need to spend a lot of time and money on restoring them. Moreover, buying reclaimed stuff is an investment in the future because you are contributing to saving the environment.

On the other hand, you can also reclaim and salvage some materials yourself. For example, if you are looking for a garage door repair in Tulsa or consider replacing it completely, do not rush to throw your old garage door away. Instead, you can think about repurposing it to use it for longer – like creating a DIY bench for your patio. Or, you can look for local charities nearby and donate the materials to them.

Many other items can also be reclaimed. Don’t forget about your cabinets, countertops, and flooring. These things can be donated to local charities as well or used in other homes where they are needed. It is also good to know that salvaging and reclaiming do not just benefit the environment but also save money for homeowners.

skip bins

2. Donate Stuff You Don’t Need

Another thing that you can do for the environment when remodeling is donating things that you don’t use anymore. This is an excellent way to put them into good use while making a difference at the same time. Donating items means that they will not end up in a landfill, meaning less pollution and reduced landfill bills for taxpayers.

If you donate something, you should make sure that it is in good condition so that someone else can actually use it. That is why many people tend to re-gift items instead of donating them. If you’re uncertain whether an item is good enough to be donated, think about how many times you have used it in the past few months and whether it still has a few more years left in it. If not, ask yourself whether someone else might be able to use it.

decor-from-old-books

3. Re-Face Old Furniture

Do you want to replace your old furniture items, but you don’t have the budget for that? Consider re-facing them instead of replacing them. You will need to sand off the finish and then apply several layers of paint. Make sure that you use paint with low VOCs. It is essential to protect indoor air quality, so it is crucial to choose paints that do not emit toxic substances.

Re-facing furniture is a great way to save money and help the environment at the same time. It is incredibly easy and inexpensive, and the results can be amazing. Re-facing is often much cheaper than replacement because you don’t have to buy all the materials and hire a professional worker for installation – you just get some paint or other material and do it yourself! If you want your home to look great without breaking the bank, this is something you should consider.

4. Insulate Your Home Wall

Do you want to save energy? You can do it by insulating your home wall. In fact, insulation is one of the most effective ways to cut down your heating and cooling bills throughout the year and reduce energy use in general. Proper insulation will also help prevent condensation and mold, so it is definitely worth investing in this process.

If you want to get a proper insulation job done, you should hire a professional team of contractors that will install insulation in your attic as well as in your walls. This is a large job that requires pro attention, so make sure that you find a great team of specialists who will ensure quality work that will result in lower heating bills and lower energy consumption in general.

home-insulation

Before hiring insulation contractors, make sure that they use high-quality construction materials and are familiar with local building codes (if applicable). If you are not sure whether you need insulation or how much of it you should have, contact an experienced contractor who will inspect your house to determine what kind of insulation suits it best and whether insulating will be worth it in the long run.

5. Use Low or No VOC Paints

VOC stands for volatile organic compounds. They are found in paints, and most of them are toxic to people and animals. That is why it is crucial to check paints before using them – imagine how many toxins people inhale when painting their home walls.

ecofriendly home remodeling

Luckily, there are paints with low or no VOCs, so you should go for them. These products do not harm the environment, and you can be safe using them during your next home remodel. If you want to know whether a particular paint has low or high VOCs, ask for a VOC emission rate from the seller. Many stores are obliged to tell you how many VOCs you will inhale during the painting process.

6. Don’t Use Conventional Paints

Conventional paints are loaded with solvents that can irritate your skin and eyes. They can also cause respiratory problems, so you shouldn’t use them when painting your home walls or furniture pieces. The good news is that there are many eco-friendly paints out there that are non-toxic and environmentally friendly. These paints will not pose any danger to your health or the health of your family members – they are safe to use anywhere in your home.

7. Use Green Power

If you are going to use electricity, it is important to use green power – renewable energy. That means that you should consider investing in solar energy panels or wind turbines. It might be a bit pricey to buy these items, but it is definitely worth it. By using green power, you contribute to a greener future – which is our only hope if we want to have a planet to live on.

solar-energy-diy

8. Use Low-Maintenance Materials

You can save money and protect the environment at the same time by choosing low-maintenance materials for your green home renovation. For instance, you can choose stone or brick as exterior surfaces – these materials are durable and will not have to be repainted or stained more often than once every 5-10 years. And because they don’t need much maintenance, they won’t emit VOCs into the air.

The key to environmentally friendly home remodeling is to stay away from toxic paints, materials, and products. By using low or no VOC paints, reclaimed wood, and other recycled items, you will not only save money, but you will also contribute to a better planet for your children and grandchildren.

Conclusion

When remodeling your home, you can do it in an eco-friendly way. In fact, you will be doing something good for the environment when buying reclaimed materials, using low VOC paints, insulating your home well, and many other things.

You should definitely think about these eco remodeling solutions the next time you are planning a new home improvement project. You will be able to save money and help the planet – which is a great thing!

Considerations When Buying a Vacation Rental with Solar Panels

It’s possible that one of the properties you’re considering for purchase as a vacation rental will have solar panels already installed. This can be a positive marketing point for your property in today’s increasingly environmentally conscious world.

Installed correctly, solar panels can be aesthetically pleasing. Their presence is also one of the first things people will notice about a property. So, when you get to the stage of when you’re ready to start the financing process of investing in a particular vacation rental property with solar panels, here are a couple of things you’ll need to consider as a part of your vetting process.

vacation rental with solar system

How Were They Financed?

Your first consideration will be how the panels were financed. The easiest scenario is when the owner of the property financed the panels themselves. Solar panels can add a lot of value to the property. Although the value of the panels decreases with the age of the installation, newly installed panels can add up to nearly $30,000 of value to a home.

If possible, see if you can get an idea of what the previous owner’s utilities ran prior to installation of the panels, and after. This will give you concrete information about how much the panels are saving on the electric bills.

What is the Size of the System?

You’ll also want to have an inspector give you an idea of the size of the solar system. If the previous tenants worked from home and had several family members, the installation is probably more than adequate for a vacation rental property. A smaller system for one or two people might need enhancements. Lower utility bills will allow you to charge less for your property.

What if the Panels were Leased?

Sometimes the property owner doesn’t have the money upfront to pay for the panels, so they finance them by leasing. This situation is not necessarily something that should cause you to automatically pass on the property. It’s important to find out the age of the lease. It’s possible the finance period is almost over. In this case, the cost of taking over the lease will be minimal.

There are a couple of points open for negotiation here. You can work with the finance company to see if you can reduce the amount remaining on the lease. Or you could have the remaining amount on the lease included in the selling price. The cost of solar panels is expected to go down by as much as a third by 2024, so the amounts under consideration can be expected to be less as time goes on.

Have the Panels Inspected

As in any potential property purchase, having the panels inspected prior to signing on the dotted line is mandatory. You’ll want to get an overhead inspection of the panels, which can be done by drone. Make sure the drone has a thermal camera to check for an initial check for defects.

You’ll want to perform the solar panel inspection on a sunny day. This way any defects, such as hot spots, will be more easily detected. The optimum time for such inspections is in the morning or late afternoon, to reduce glare off of the panels. If the sun is directly overhead, you may get too much glare off them and the inspection won’t be able to show you anything.

If possible, do a second drone inspection with an RGB (visible light)  camera. This inspection will turn up the presence of debris on the panels. This is not necessarily a bad thing. It can simply mean that the panels are due for a cleaning, something that hopefully has been a part of the regular maintenance of the panels.

Is There Enough Sunlight?

Another aspect of existing solar panels to consider is whether there is adequate sunlight to support them. If the panels were installed in an area shaded by trees, you not only may not be getting the full benefits of them but may have more cleaning costs associated with them.

If they are shaded because of geographical features on the property, you also may not get the full benefit of the panels.

Previously installed solar panels are not necessarily a negative when considering investing in that property as a vacation rental. They can be a great marketing point for your property as well as aesthetically pleasing. Just be sure to look into how they were financed, and get them inspected for general condition. This will ensure the panels are in good working order prior to you taking over the property.

How Much Energy Do Bitcoin and Other Cryptocurrencies Consume?

With its value skyrocketing in recent years, Bitcoin is a hot topic right now. But the value of a Bitcoin is not the only thing that is growing. In fact, Cambridge University research suggests that Bitcoin uses more electricity on a yearly basis than entire countries. Mining for cryptocurrency uses a lot of power, and requires heavy computer calculations to verify cryptocurrency transactions. According to the researchers, this consumes over 120 terawatt-hours (TWh) annually, and this power use is unlikely to fall unless the value of Bitcoin drops.

Is Bitcoin Bad for the Environment?

Many believe that cryptocurrency is the currency of the future, but is it bad for the environment? Will Bitcoin and other cryptocurrencies undo the hard work that has been put in around the world so far to improve the condition and health of the planet? According to some critics, Tesla’s decision to make heavy investments in Bitcoin undermines the environmental image displayed by the electric car company.

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The rising price of Bitcoin offers even more incentive to miners to run even more machines and consume more power. As the value of Bitcoin increases, so does the energy consumption that is used to mine it, according to researchers at the Cambridge Centre for Alternative Finance.

Exactly How Much Energy Does Bitcoin Consume?

How much energy is consumed due to the increasing popularity of cryptocurrency trading? According to the online tool developed by the Cambridge researchers, Bitcoin’s electricity consumption is currently ranked above several countries including Argentina, the Netherlands, and the United Arab Emirates. It’s using a very similar amount of energy to the amount that Norway uses on a yearly basis.

In the UK, the energy that Bitcoin uses could be used to power all the electric kettles in the country for almost three decades. However, in comparison, the amount of electricity that is consumed on a yearly basis by devices that are left switched on but inactive in homes around the US could power the entire Bitcoin network for a full year.

How is Bitcoin Mined?

Mining Bitcoin requires often specialized computers which are connected to the cryptocurrency network. They are used to verify transactions by people who sell or purchase Bitcoin. As part of the process, Bitcoin miners are required to solve puzzles that are not integral to providing verification, but ensure that there is a hurdle to cross to ensure that the global record of all Bitcoin transactions is not edited fraudulently. As a reward for completing these, Bitcoin miners will occasionally receive small amounts of Bitcoin.

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Higher prices have increased the value of these rewards, and fueled wider interest in buying and selling crypto via increasingly diverse methods beyond using exchanges. At the same time, some miners have expanded their networks to consist of multiple computers. Some will even set up entire warehouses of computers that are there for mining Bitcoin alone. Since the computers are working to solve the puzzles on a constant basis, this uses a huge amount of electricity.

While Bitcoin is becoming more and more popular as an alternative currency and investment option around the world, how efficient is it really?

6 Simple Ways to Earn More Bitcoins

Buying the Bitcoin may not be a viable option for many investors. In such a situation, there are some alternatives to earning the Bitcoin besides buying it. And the good news is that for most of these alternative means, you actually have to do practically nothing to start earning the crypto coins. Below is a list of the simple ways one can earn the Bitcoin:

  1. To begin with, you can start earning the Bitcoin when you have an account in a cryptocurrency exchange. The best crypto exchanges where you can buy BTC are KuCoin, Binance, and CoinMama etc. This is almost similar to people keeping their funds in bank accounts and getting interests on deposits. Here, you can simply lend out your Bitcoins in exchange for other crypto coins or get Bitcoins in exchange of traditional fiat currencies like the USD or GBP. When you can transfer Bitcoins to a financial service provider, it is possible to earn interest over time.
  2. You can enjoy cashback in BTC when you shop for something online. For instance, eBay offers buyers a cash-back offer for purchasing from hundreds of sites; they have tie-ups with almost all big retailers. When you install the Chrome Extension and make an account, eBay notifies you when there are discounts on any retailer website. All you have to do is click on this to get your discounts and after each quarter eBay gives you a check. Another popular site offering similar advantages if Lolli which will give you cash back in Bitcoin when you buy from websites like Macy’s or Sephora.
  3. You can accept payments in Bitcoin for services you render. There are many people who are now accepting Bitcoin as salaries for their work. For freelancers like musicians, artists, and writer, this can be a viable option. Examples are Bit wage, Angel’s List, Jobs4Bitcoin, Crypto Jobs, and Crypto Grind etc.
  4. You could also earn Bitcoin through mining. You will need specialized computers capable of solving complex mathematical puzzles to earn rewards. For operating a mining rig on your own, you are going to need dedicated mining hardware, mining software, a wallet etc. Solo mining will not yield profits as desired, and joining a mining pool may give you higher payouts.
  5. Earning Bitcoin is possible through trading and this is by far the simplest way to earn more Bitcoins. You will find multiple trading strategies to trade Bitcoins and traders typically have their own preferred methods for trading. One way is using automated bitcoin trading software applications. The most commonly used method is leverage trading where traders borrow money for bolstering trading, and these are called crypto loans.
  6. You can also earn more Bitcoins with affiliate marketing; this is the most popular method for news websites, bloggers and social media influencers to make more money. For this companies will give you promotional codes and unique URLs that you must send out to your respective audiences. If anyone clicks on these links and thereafter makes a buy, you get a reward.