Is Solar The Next Big Thing For Cryptocurrency?

With Bitcoin going big, mining has become a costly and intense exercise. It takes a lot of computing power to validate the millions of transactions that happen on a daily basis. This is why environmentalists are down on Bitcoin as a viable mainstream currency. Mining Bitcoin uses the same electrical output as the entire country of Switzerland.

If Bitcoin becomes adopted by the masses as a legitimate currency, then there will need to be even more servers working overtime to compute and complete the encryptions that are the backbone of the currency.

With climate change front and center in many concerned citizens’ minds, it stands to reason that Bitcoin and cryptocurrency in general would need to greenify if they stand a chance at growing.

bitcoin-servers

In this article, we will go over what the future could mean for Bitcoin as it attempts to go green and use solar energy to power itself.

Lines between price and profit

A few years ago Bitcoin was generally stable in its value around $2,000 per coin. This meant that for miners to make a profit they needed to find a cheap way to power the servers to do the computing. Once these companies have mined the cryptocurrency they usually sell it onto the open market to be traded by investors who are looking to convert cash to Bitcoin.

Luckily for them, Bitcoin servers are rather portable in the sense that miners could set up shop anywhere in the world where the cost of energy was cheap.

Now that people are more concerned about the environmental cost of this mining it was not looking good for Bitcoin as a viable currency. At the time, renewable energy was more costly than fossil fuels so it would have cut massively into the profit margin and possibly even seen some losses.

Now, Bitcoin shattered the $20,000 mark per coin and at the same time, the cost of using solar and wind power has dropped dramatically. Suddenly, it is feasible to use solar-powered Bitcoin mining.

This could allow Bitcoin to be adopted by the masses and grow as a currency and still be the responsible thing for people concerned about the environment.

It can go anywhere

There are many places all over the world from deserts to regions around the Equator that get a lot of sunlight year round. And there isn’t much of an economy in those areas which makes it an ideal location for Bitcoin mining centers.

crytpocurrency-mining

They can use solar farms to power the servers and keep costs low since there is no shortage of sunlight. The long days and cloudless skies makes the price per kW hour in those areas very cheap and can compete with fossil fuels.

Another benefit is that bringing cryptocurrency mining centers to those areas can lift the economy. There will be a lot of jobs in construction and maintenance where there was little possibility of work previously.

*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.

5 Things to Check Before Selecting a Bitcoin Trading Platform

In the last few years, trading in Bitcoins has now become much more mainstream. With the rise of credible trading platforms and exchanges, anyone with a few dollars to invest and an appetite for success can start trading in Bitcoins or any other cryptocurrencies.

Choosing the best Crypto trading platform or Bitcoin trading platform can be difficult for new investors because several factors need to be considered. Bitcoin trading simply means buying and selling Bitcoins.

Before investing in Bitcoin, keep in mind that the price of Bitcoins is highly volatile. This factor is preventing many investors from investing in this valuable asset.

There are various benefits of investing in Bitcoins, and some of the benefits include low transaction charges, data protection, high security, no third parties, and much more.

bitcoin-trading

Selecting A Bitcoin Trading Platform

There are various Bitcoin trading platforms available on the internet but choosing the best one is crucial for every user. Thus, there are five major factors that you need to check before selecting the right Bitcoin trading platform.

1. Fee

Every Bitcoin trading platform has some amount of fees. You must proceed only on that platform that charges a genuine amount for trading.

If you are a new investor and join the Bitcoin market, this factor is crucial to consider at any cost. Trading fees differ for every platform, and if any platform is charging low fees, you need to be very careful about the security of that particular exchange platform.

2. Fiat Exchange

Fiat exchange is another factor that you need to consider before trading Cryptocurrencies such as Bitcoin. Every trader, at some point, needs a fiat exchange. This exchange can help their amount to convert into national currency.

Hence, if any trader or investor wants to get out of the Crypto world, this exchange’s procedure can help them. On the other hand, before choosing any trading platform, make sure the platform is compatible with your banks, and if it is not compatible with your account, you can proceed with the other one.

3. Security

Security is a very vital factor that every trader should consider choosing the best Bitcoin trading platform. Every trading platform has its security features.

If you choose the best Crypto trading platform, make sure the platform has two-factor authentication. It is the enhanced feature of every security system. You should not choose any platform that is not offering you good security features. Instead, opt for that platform that offers excellent security features, even if the charges are high.

4. Reputation

Reputation is a key factor that you need to check before selecting a Bitcoin trading platform. The reputation of several trading platforms can differ.

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You can research more on the internet about the reputation of that particular platform. You can also consider several traders’ reviews, which will help you choose the best one. Bitcoin is regarded as a young technology that was invented just a couple of years back. Thus, you will get information about every trading platform you are willing to select on the internet.

5. Insurance

Keep in mind; the best Bitcoin trading platform will have an insurance fund in place. Hence, opt for those Bitcoin trading platforms that provide insurance funds with good security features.

The best exchange platform will be protected to some extent. The trading platform that has several features can make your trading a successful one.

The Bottom Line

Every Bitcoin trading platform has its way of dealing with traders. You can also look at the leading Bitcoin trading app 1g ProfitSystem and earn high returns on investment. Trading in Cryptocurrencies such as Bitcoin can be a very profitable asset for you in the end.

The benefits of trading in Bitcoin can be very effective for you. You just need to gain some expert marketing skills to deal with all kinds of trading or investments. Thus, before choosing any Bitcoin trading platform, read the above instructions carefully. The above data will help you, to some extent, while selecting a suitable exchange platform to trade your digital currencies.

How Green Financing is Changing the Renewable Energy Market?

Growing interest in renewables is rapidly changing how energy projects are financed in America and around the world.

One of the biggest shifts has been an influx in outside money into the industry in the form of “green financing” — bonds, loans and other assets earmarked for renewable energy projects around the world.

The rise of the green financing market shows how investors are starting to take renewables more seriously — and it could signal a major transformation of the renewable energy market over the next few years.

Green Finance

Green Financing May Accelerate Renewable Energy Projects

Green financing is a catch-all term for investment in financial vehicles related to renewables and other green industries. Assets, bonds and funds related to renewable energy and other green investments make up the green financing market. In recent years, a robust green financing market has become widely viewed as essential to accelerating the development of new renewable energy technology projects.

Green finance is growing fast. In 2012, the sustainable debt market — including “green” and sustainable bonds and loans — was worth only around $10 billion, according to data from BloombergNEF. In 2018, just six years later, the market was worth nearly $250 billion.

Most of these gains came in the form of new green bonds (sometimes also called “climate bonds”), which are fixed-income investments designed to raise money for new renewable energy projects.

The growth of green financing represents a slow but noticeable divestment away from fossil fuels.

The pivot may also represent a change in how businesses are structured. The growing popularity of bonds as an investment vehicle may enable community co-ops rather than corporations to become a more viable business model for renewable energy providers. For example, the Westmill Solar Cooperative in the United Kingdom has raised more than £6 million ($7.94 million) through bonds offered to investors.

While coil, oil and natural gas are likely to remain a good investment in the short-term, the strength of the green financing market does seem like a signal that, over the next 10 to 20 years, non-renewables will become less and less tempting for investors compared to renewable and sustainable investments.

How Green Financing May Change Energy Around the World?

As the green finance market grows, regulators are beginning to codify what counts as a green investment.

In the EU, for example, regulators recently debated whether plastics manufactured from entirely recycled materials could count as a “sustainable” investment under European finance laws.

These new definitions and regulations may determine which industries receive major funding and which are left out of the green financing boom.

Nuclear energy, for example, is generally not regarded as renewable energy, but is sometimes considered sustainable. Nuclear power plants generate waste, but they also produce zero emissions, unlike fossil fuel-fired power plants.

Natural gas is also not considered renewable or sustainable, as it is a fossil fuel and produces significant carbon emissions when burned for power. However, some proponents of the energy source argue that it should be considered sustainable, as it produces significantly less carbon dioxide than similar fossil fuels.

green-financing

In 2019, EU regulators reached a deadlock over whether or not nuclear and natural gas power plants should count as sustainable investments. In a final compromise, EU lawmakers ruled that both nuclear and natural gas projects were neither included nor excluded in the definition of sustainable by default. Instead, projects would need to prove that they “do no harm” on a case-by-case basis.

Similar rulings and legal challenges could shape the future of energy as governments around the world grapple with the challenge of shifting away from fossil fuels.

A Coming Sustainable Energy Revolution

The rise of the green finance market may change what alternative energy looks like around the world. Legal debates over what should count as “renewable” or “sustainable” may affect which projects receive funding, while bonds and loans may make community cooperatives that provide renewable energy more practical.

As fossil fuels become less attractive to investors and the renewable energy market grows, green financing is likely to have major impacts on the future of renewables.

How Do You Get a Solar Rebate?

The U.S. government understands the importance of reducing our reliance on non-renewable energy sources so the IRS began offering federal tax incentives for citizens and business owners who install solar electric equipment at their home or business.

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Frequently Asked Questions About Solar Rebates

Below you’ll find some of the most common questions about getting a solar rebate and how using solar energy can be beneficial in multiple ways:

How do tax credits work?

A tax credit is a dollar for dollar reduction in the total amount of income tax you owe. That means if you claim a 500$ federal tax credit, then your taxes will be reduced by 500$.

How do I get a federal solar tax credit?

You may be eligible for a solar tax credit in the following instances:

  • Your solar PV system was installed between January 1, 2006, and December 21, 2021
  • The solar PV system is located at your primary, or secondary residence, or apart of a community solar project
  • You own the solar PV system and it does not have a lease
  • The solar PV system is new or being used by you for the first time

Check brooklynsolarworks.com for more information about solar incentives, and using solar energy in your home.

What is the current federal solar tax credit?

The solar PV cell needs to have been installed by December 31, 2019, to receive a 30% credit. PV systems installed in 2020 will see a decrease in the credit to 26%.

When will the solar tax credit change?

The future of solar energy is influx over the next few years.  For those systems installed in 2021, the credit will be decreased to 22% and the current solar tax rebate expires in 2022 unless the government decides to renew it.

What expenses does the solar tax credit cover?

The solar tax credit covers the following expenses:

  • Solar PV panels and cells used to provide power for an attic fan, but not the fan
  • Contractor fees for system installation including the preparation, assembly, permits, inspections, and developer costs
  • System accessories including the wiring, inverters, and mounting equipment
  • Sales taxes on eligible solar equipment and accessories
  • Energy storage devices charged exclusively by the solar PV panels

Can you claim a solar tax credit more than once?

The solar tax credit only applies to new equipment being installed. If the equipment has been claimed before, then it cannot be claimed again.

Are federal solar tax credits refunds?

The solar income tax credit does not issue a refund check and instead is applied as a credit against the amount of taxes that you owe.

Do federal solar tax credits rollover?

Normally you’ll receive your federal tax credit in the following year after installation of your system, however, if you are unable to use the entire tax credit, then the rebate can be rolled over for up to five years.

How do I file the solar tax rebate?

You must complete IRS Form 5695 and attach it to your federal tax return to take advantage of the solar tax rebate and it will be applied the following year.

Do I have to be a homeowner to claim the solar rebate?

You don’t have to be a homeowner to apply for the tax credit. Tenants that contribute to the costs of an eligible solar system could apply for the tax credit. The tenant must be the owner or part-owner of the solar PV system.

Financing of Solid Waste Management Projects

Financing of solid waste management projects can be pretty overwhelming for the city government, especially if the government see it as a critical part of the service they should render to the citizen and if the citizen also hold it as a basis for measuring the performance of the government and using it as one of the conditions for re-election.

The increasing cost of waste disposal is a cause of major concern in developing nations

Solid waste management entails different aspects. Generally speaking, waste management consists of pre-collection, collection, transportation, storage, treatment, and disposal. The modern hierarchy of waste management includes prevention, minimization, reuse, recycling, energy recovery, and disposal.

All these aspects require proper funding in rendering a good waste management service to the society. As citizens, we hardly give any thought to the different aspects and what it takes to ensure it is carried out efficiently and effectively.

Financing Options for Solid Waste Management

There are four different options for financing of solid waste management projects. The option chosen will be dependent on various factors. The chief factor will be “what is the end goal of providing waste management service to citizen” and this is to be determined by the city government. Therefore, we say finance option is directly related to waste management goal of a city or State.

Public Financing

This primarily involves funding of waste management service entirely by the government through budgetary allocation. The government determines how it will generate the cash for service and this can be through taxation or redistribution of funds generated from other sources like sales of city natural resources or combination of various sources of funds.

In developing countries, this is generally inefficient due to the corruption within the government and lack of proper waste management capabilities in most instances. The government might decide to charge a service fee or not.

Private Financing

This involves infusing funds from the private sector into waste management service and also overseeing day-to-day running of the service. However, the hired company will charge a service fee which will be determined by calculating the amount of invested funds, operating cost, and profit envisaged. This will be spread over a period of time.

This financing option can deliver optimal result in providing waste management service but the private sector needs to be checked in order not to set a high fee that will end up scaring citizens which might lead to citizen abhorring the service.

Public-Private Partnership (PPP)

This is a special type of arrangement which brings together the government and private sector in providing funds and management capabilities for the delivery of waste management service.

All things being equal, this arrangement is best because the government will be able to regulate and have a say in how the service should be delivered especially as it relates to the setting of service fees which might be difficult in the solely private financing option. The PPP can equally be extended to be a Joint Venture (usually termed as Institutional PPP).

Donors and Grants

This funding mechanism is dependent on the interest of the donor organization. While it is a good way to develop a city’s waste management infrastructure, attracting and utilizing grants is solely reliant on what the donor considers as important. Hence, it might be difficult for a city government to dictate how the funds should be distributed among the various aspect of waste management.

Waste management projects based on public-private partnership (PPP) model has more chances of success in developing countries

However, this type of financing can be combined with a PPP arrangement to cater for a specific waste management aspect that is in tandem with the interest of the donor and can be part of the city government contribution to the PPP.

Conclusion

In conclusion, waste management financing is quite dynamic just like many other services and infrastructure provided by a city government and the best option for financing the provision of waste management service can only be made after appropriate due diligence and consultation with relevant stakeholders has been made and observed.

Scalability of Bitcoins: Everything You Need to Know

Have you got bitcoins in your pocket? Having bitcoin is not enough; you also need to know about the scalability option of bitcoins. In this world full of numerous currencies and cards, how scalable are bitcoins? In this article, we will discuss the scalability of bitcoins. You can also check the platform like Fast Profit 2020 to know more about the scalability of bitcoins.

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How competitive are bitcoins?

The competitiveness aspect of bitcoin has been in the debate in the crypto community for a long duration now. Satoshi Nakamoto has programmed the block of size up to 1MB to prevent the network spam, but he also created bitcoin liquidity.

Each bitcoin block takes up to an average of 10 minutes to process, and only a small proportion of transactions can go through. For a system that claims to replace fiat payment, this is a significant barrier related to bitcoins. Let’s look at this scalability aspect of bitcoins with an example. While the visa payment system can process up to 1700 transactions in a second, bitcoins handles up to 7 trades in a second. Thus, an increase in demand for bitcoins will cost more transaction fees, and therefore, the utility of bitcoins will get affected.

The scalability aspect of bitcoins has led to numerous technological advancements and innovations in this field. Undoubtedly, much design has been made over a decade, but a sustainable solution is still unclear.

A few years back, few researchers claimed that increasing the block size could be a significant solution to solve the scalability option, but the process and the idea were not as simple as it seemed. This innovative approach just remained on paper as it could not be finalized how much the block size could be increased. While some proposals climbed to increase the block size by two MB, others climbed that eight MB could be useful.

The core team who focussed on the development of blocks argued that the increase in block size would weaken the process of decentralization, and it will also give more powers to the bitcoin miners who have more giant blocks. In addition to this, miners would look for bigger and faster machines, which may influence the bitcoins’ profitability aspect.

One of the most significant issues faced by bitcoins was that everyone did not agree with the changes needed. People claimed that how can a system-wide change be made if the participation is decentralized.

In addition to this, few strategists and scholars claimed no need to mess with bitcoins. If you don’t like it, you can easily modify the open-source code, and you can quickly launch your coin.

Pieter Wille developed one of the most significant solutions to this issue, and the process was called SegWit. As per this new process, bitcoins’ capacity could be easily increased without changing the size limit. The SegWit system was initially started by the Bitcoin system in the year 2017 by a soft fork to make it compatible with nodes that could not be upgraded. While different types of bitcoin wallets are adjusting their software, others do not agree to this, as they think about the risk and additional cost associated with it.

types-of-bitcoin-wallets

In the year 2017, another significant change came up in the field of bitcoin. A new approach was revealed, which was called Segwit 2X. This idea was backed by different bitcoin exchanges. As per the changes, it was decided to increase the block size up to 2 MB. This change was expected to increase the capacity of the transaction up to 8 times.

Over the past few years, different technological advancements have taken place to increase block capacity. One of the most significant advancements associated with bitcoins is the Schnorr signatures. This approach will help in consolidating signature data, and it will also reduce the space taken by bitcoin blocks. Thus, the process would lead to a more significant number of transactions without changing the limit or the size of blocks.

The need for a more significant number of transactions is still the need of the hour. The development of new features will increase the functionality, and it will unlock the vast potential of bitcoins.

How Does the Process of Bitcoin Mining Work?

Unlike traditional currencies, bitcoins are not printed; instead, bitcoins are mined. If you think that bitcoins are mined by using shovels and other equipment, just like the gold are mined from gold mines, you are mistaken.

Bitcoin is not a physical currency. Thus, the process of getting bitcoins is not the same as the process of getting traditional currencies.

bitcoin-introduction

Why is the process called bitcoin mining?

Well, just like the gold occurs in gold mines, bitcoins occur in protocol design. As per the bitcoin protocol, only 21 million bitcoins can be mined. By the process of bitcoin mining, miners will bring these 21 million bitcoins to light. Once all of 21 million bitcoins are mined thoroughly, there won’t be any bitcoins left to be mined. Miners involved in the bitcoin mining process get transaction fees for creating blocks and validating different bitcoin transactions.

How does bitcoin mining work?

The working of bitcoin mining is pretty simple and straightforward. To understand how mining works, you have to know about nodes. A node is a powerful computer that runs the software, which helps validate the bitcoin transactions and blocks. The bitcoin network works in a decentralized form, and thus the nodes are collectively responsible for validating bitcoin transactions.

Anyone can quickly run a node. All you need to do is download the bitcoin software. The most significant advantage with the node is that it consumes lots of energy, and it needs lots of storage space; thus, a standard computer with limited storage won’t be able to mine bitcoins. The bitcoin network writes hundreds of gigabytes of data. The nodes are used to properly spread bitcoin transactions across the network. One node helps in sending information to a few nodes that it already knows about. Then the other nodes relay information to a few others, and in this way, the bitcoin network functions. You can visit Like this website to get details about how nodes functions.

Among all these types of nodes, some nodes are called mining nodes, and they are usually called miners. These nodes help collaborate different transactions into chunks or blocks, and then, these are added to the bitcoin network. Blockchain technology is the idea behind these fantastic tasks performed by nodes.

The addition of these bitcoins into blocks and networks is like solving a puzzle. When data is combined in the blocks, it has to pass through a hash function. The hash function makes it quite challenging to know what output it will get. Thus, the miners have to guess the mystery number, and they apply the hash function to the combination of the guessed number and the data stored in the block. The hash mostly begins with a certain number of zeroes. There are almost negligible chances of people knowing which number will work. This is because two consecutive numbers used can give a varied range of results. Thus, the miners keep on trying with different block configurations.

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The calculations are pretty tricky as the miners don’t have any idea or information about how many zeroes are needed at the time of creating hash strings. Thus, it takes at least 10 minutes on an average to process the block.

Ten minutes is needed to process blocks as this is the amount of time required that bitcoin developers think that it will be required to get a steady and diminishing flow of new coins till the time goal of 21 million is reached. As per a few research, the purpose of 21 million will be reached sometime around 2041.

Numerous miners are involved in this task, and the first miner who gets the result announces his/her victory to the rest of the network. Then, all other miners stop working on that block, and they start figuring out the mystery of the next block. As a reward for getting the victory, the miner gets some new bitcoins as rewards.

At present, the reward for getting a victory is 6.25 bitcoins per block. This means it is almost worth $60,000 in June 2020.

Hundreds of miners work day and night to get the reward. The more and better calculation you can perform, the more victory you will get. We hope this article will help you in understanding the functioning of bitcoins.

What are the Best Ways to Store Bitcoins?

If you have thought about making transactions and investments in bitcoins, it is essential to get adequate details about storing bitcoins. You can check platforms for better future of world to know in fact about what are the safest and secure methods to store bitcoins.

Like in the physical world, you store all your cash and cards in wallets, the bitcoin has to be stored in a wallet. But, the wallet used to store bitcoin is pretty different from the wallet that is used to store the traditional cash and currencies.

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This article is written to provide you with adequate knowledge needed to store bitcoins.

What are bitcoin wallets?

Bitcoin wallets are not the same as the physical wallet. It comes up with a wallet address that can be shown in the ledger search that you share with others when you make the transaction. The wallet consists of almost 26 to 25 alpha-numeric characters. Every letter and number that is used to access the bitcoin wallet is different from each other. No two wallet users have the same address.

The bitcoin wallet can be accessed only if you have the private key. The private key of the bitcoin wallet should never be shared with anyone. Most wallets come up with secure and encrypted keys so that no hackers and spammers can enter your bitcoin wallet. In addition to this, some wallets also allow you to secure seed phrases. The seed phrase can be used in case you forget the secure private key needed to access the bitcoin wallet.

Thus, keep the seed phrase in memory, print it, and keep it safe and secure. The most significant disadvantage of the bitcoin wallet is that if you lose the private key, you won’t be able to access the bitcoin wallet. You have a high chance of losing your bitcoins in the bitcoin wallet if you don’t have access to the private keys.

The private keys can be kept securely on your computer, your mobile device, or any other place where you feel it will be safe. But, as a tip of advice, try to secure the private keys in the online and offline modes.

While all types of wallets are safe and encrypted, the hardware bitcoin is often considered the safest option. The best part about hardware wallets is that it comes up with additional protection layers to ensure that stored bitcoins are always safe and secure.

The online wallets are considered the least safe wallet options to secure bitcoins. This is because these are in control of third parties like a bitcoin exchange. But, the online wallets are safe to set up, and they can also be used easily without any hassles.

If you are a severe bitcoin investor, it is recommended to use a hybrid approach of storing bitcoins. The hybrid method of bitcoins keeps bitcoins in an offline mode called cold storage, and the spending balance is maintained in a mobile account.

Types of bitcoin wallets

Depending upon your investment strategy and security options, you should look at different types of bitcoin wallets. The following are the significant types of bitcoin wallets that can be used:

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1. Cloud wallets

These wallets exist online, and the keys are stored in a distant server, which is run by a third party. The only disadvantage associated with the cloud wallet is that you have to trust a third party for your bitcoins’ safety.

2. Software wallets

these days, most people choose software wallets. These wallets are installed on your desktop or computer. If your computer is stolen or hacked, there are chances that you may lose the bitcoins stored in them.

3. Mobile wallets

The mobile wallets are available in the form of an app. Mobile wallets offer maximum flexibility when it comes to transactions. This is because you can easily use mobile wallets to make payments in any ship, or anywhere you go.

4. Hardware wallets

The hardware wallets are devices that are connected only to make bitcoin transactions. The hardware wallets are considered the safest of all options when it comes to bitcoin wallets.

If you are thinking about investing in bitcoins, it is essential to get details about all types of bitcoin wallets and how to use them. We hope this article will help you in understanding all about bitcoin wallets.

Renewable Energy Trends in Germany

Germany has been called “the world’s first major renewable energy economy” as the country is one of the world’s most prolific users of renewable energy for power, heating, and transport. Germany has rapidly expanded the use of clean energy which now contributes almost one-fourth to the national energy mix. Renewable energy contribute as much as one-fourth of the primary energy mix and the country has set a goal to producing 35 percent of electricity from renewable sources by 2020 and 100 percent by 2050.

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Solar Energy

Germany is the world’s biggest solar market and largest PV installer with a solar PV capacity of more than 49.78 GW at the end of 2019. The German new solar PV installations increased by about 4 GW in 2019. Germany has nearly as much installed solar power generation capacity as the rest of the world combined and gets about 5 percent of its overall annual electricity needs from solar power alone.

In 2019, German photovoltaic (PV) plants fed about 46.5 TWh into the public electricity grid, an increase of 1.7 percent compared to 2018.

Wind Energy

Germany’s wind energy industry is one of the world’s largest, and it is at the forefront of technological development.  Over half of all wind turbines in Germany are owned by local residents, farmers and local authorities which have tremendously improved the acceptance of wind turbines among local communities as they directly profit.

Being Europe’s primary wind energy market, Germany represents around 30 percent of total installed capacity in Europe and 12 percent of global installed capacity. Total wind energy capacity in Germany was 59.3 GW at the end of year 2019. Currently Germany is ranked third worldwide in installed total wind capacity with its share of total domestic electricity production forecasted to reach 25 percent by 2025.

Wind became the main electricity source in Germany for the first time in 2019. In eight months of the year 2019, the electricity generation from wind surpassed brown coal and in twelve months nuclear. Together wind and solar power plants generated a total of ca. 173 TWh electricity in 2019.

Biomass Energy

Biomass energy is making a significant contribution to renewable energy supply in Germany and accounts for about 5.5 percent of the total electricity production in the country. Germany is the market leader in biogas technology and is also Europe’s biggest biogas producer. Last year around 7,600 systems with a cumulative capacity of 3,200 MW generated 21.9 billion kWh in the country, thus consolidating Germany’s status as a pioneer in clean energy technologies.

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Renewable Energy Investment

Germany’s plan to phase out all 17 of its nuclear power plants and shift to renewable energy by 2022 is the largest infrastructure investment program in Europe since World War II. The country’s transition from nuclear energy-based power network to renewable energy systems will require investments of much as $55 billion by 2030.

Germany is the world’s third largest market for renewable energy investment which and ranked 5th in the Bloomberg’s 2018 global renewable investment report with total investments of $10.5 billion in 2018. Sixty-five percent of investment in Germany was directed toward solar, with 29 percent directed to wind.

The country offers generous feed-in-tariffs for investors across all renewable energy segments which is attracting huge private capital in cleantech investments. In 2018, the majority of cleantech investment came from corporate investors across all sectors of the economy, including farmers, energy utilities, and industrial and commercial enterprises.

In 2019, the total electricity production in Germany from all renewable sources was about 237 TWh, an increase of 7 percent compared to 2018, and above fossil fuel carriers (207 TWh) for the first time.

Understanding the Difference Between Bitcoins and Bitcoin Cash

Many of us know Bitcoin was introduced in 2009. Initially, it was not that familiar among all, and they were costly also. Later on, with technical advancements, bitcoin’s hidden colonization took its stand and became the top first cryptocurrencies in the world. Still, as the number of users increased, there was a reduced speed in the processing of transactions. This happened because of the size restrictions of blocks in the blockchain of 1MB.

To solve this issue, Bitcoin cash, which can store blocks of sizes 1MB to 8MB. This article discusses Bitcoin cash and the differences between Bitcoin cash and Bitcoins. You can invest in bitcoins using bitcoin trading wih the app btc loophole

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The Emergence of Bitcoin Cash

The blocks in the blockchain are set to the size limit of 1 Mb due to various reasons. To make the system complex from the access of malicious users, the blockchain size was limited to 1 Mb. At those times, the Bitcoin users were also minimal. But as the number of bitcoin users increased, this size restriction produced increased transaction times, and many users complained that it was taking three days to complete a Bitcoin transaction. To overcome this situation, the users were paying higher transaction fees even for transferring $3 worth Bitcoin with $15 as a transaction fee.

The Bitcoin community overcame these problems by proposing the following solutions.  They are:

  • Bitcoin Unlimited
  • SegWit (Segregated Witness)
  • SegWit2x

Bitcoin Unlimited

The Bitcoins unlimited allowed the miners to hard code 1 MB block size, and the transaction that falls within 1 MB size can be allotted. If greater than 1 MB size comes, the space of unused blocked are added up to fit the block size. This might increase the speed of transactions by avoiding all the transaction traffic. But the miners have to be paid with higher fees and bonuses.

SegWit (Segregated Witness)

In this method, the miners adopted an idea of storing information related to the blocks outside of the blockchain, to some other storage space. By doing so, there will be no sizing issue, and the transaction time and confirmation time will be speedy. But as time went on, this system also became complicated.

SegWit2x

Later during August 2017, the SegWit2x protocol was implemented, in which the part of the information is stored outside of the blockchain, and at the same time, the block size can be increased to 2 MB. But still, there were transaction timing issues.

Hardfork

On August 1st, 2017, a Hardfork was introduced, were a new Bitcoin network with 8 MB block size was introduced. Hardfork is just updating the existing Bitcoin software to a new version, and the entire Bitcoin network is split into Normal blockchains and hard forked blockchains. These two networks function independently. After the hard forking, the user with a standard Bitcoin network will receive the equivalent amount of Bitcoin cash tokens to the total Bitcoins they held.

bitcoin-introduction

After this challenging forking process, the Bitcoin cash was being prevalently used by most of the people than Bitcoins. The Bitcoin cash was also very cheaper in terms of the transaction fee than the Bitcoin transaction fee.

Difference between Bitcoin cash and Bitcoins

  • The Bitcoins have a block size capacity of 1 MB leading to prolonged transaction time. Bitcoin cash, on the other hand, the Bitcoin cash has a size of 8 MB, allowing fast transaction time.
  • The Bitcoins have only one mining pool, whereas the Bitcoin cash has three mining pools.
  • The Bitcoin cash has a unique hash signature for each Bitcoin cash use. But in Bitcoins, the previous block’s information will also be available at the next block.
  • Bitcoin cash has a unique verification process that is secured when compared to Bitcoins.
  • A new algorithm was developed in maintaining the mining process of Bitcoin cash to ensure efficient work when there is scarcity in the number of miners.
  • The bitcoin cash has a speedy transaction when compared to all cryptocurrencies.

Thus, this section has provided a deep insight into what Bitcoin cash is and how it is different from Bitcoins.