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Innogy, a subsidiary of Germany’s energy giant RWE created last year by splitting the renewable, network and retail businesses into a separate entity, has added blockchain capabilities to hundreds of charging stations for electric vehicles (EV).Carsten Stöcker, Senior Manager at Innogy Innovation Hub, publicly stated “100s of EV Charging Assets all over Germany Blockchainified.E2E Product using asset-backed Crypto-EURO for payments.” He further added that “EV Charging assets will be on public ethereum blockchain and further assets across EU connected soon.” An etherean based in Germany took his electric BMW to one of these charging stations.Confirming it all works, publicly stated: “Process was smooth and it felt like a regular, well-working service.Was exiting to know that an Ethereum transaction on the mainnet was involved in the process of delivering this service to me.Infrastructure is getting ready for the IoT it seems.We have come a long way folks.I was always wondering when would be the first time I use an everyday service/product where Ethereum is involved under the hood.” The project has been in development, for now, more than a year.

Through wireless technology the charging station connects to an app called Share&Charge.On the surface, the app looks like any other professional service, giving prices in euros, but underneath it’s using ethereum’s public blockchain.The euros, therefore, are “crypto-euro,” which are “asset-backed.” It’s not clear whether this would be possible with static money, like fiat euros, because the charging station can’t have a bank account.The owner presumably could, adding some complexity while at the same time missing out on the smart contract capabilities of dynamic money like eth.Because the idea here is for, eventually, the car itself to pay the charging station.The exact details would probably be closely guarded, but at a high level you can blockchenize the car, give it a smart contract, connect it to wi-fi, and write some code which orders it to pay if:then, while:else etc.We thus get rid of the human in the process, letting the car and charging station do its own thing while not bothering us which such petty matters as making payments.

A service which may be very useful for self-driving cars.Elon Musk has expressed this idea of a car becoming not just a means of transport, but also a self-running business by operating on its own as a taxi service once self-driving cars capabilities reach a respectable level.He hasn’t said much about this space, not least because Musk is probably very busy with many things, having his eyes on slightly bigger matters, such as conquering Mars.
1 bitcoin wert euroHowever, they may nonetheless give it a go, and if it’s not Tesla, it most probably will be one of the car companies with some foresight to see the potential competitive edge they could gain at a relatively small upfront cost.
bitcoin profit calculator euroThat means ethereum is now gaining real life uses and utility, blockchenizing machines and giving them smart contracts, in the process replacing man while increasing productivity and efficiency as well as lowering costs.
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Following on a note yesterday by Mitch Steves of RBC Capital, who sounded a bullish note about Nvidia (NVDA) because of the efficiency of its chips in an experiment in “mining” the virtual currency Ethereum, Steves is back today with a bit of clarification.Steves writes it’s “fake news” that either Nvidia’s or cards from Advanced Micro Devices (AMD) are being used to mine Bitcoin.
nxt or bitcoinAlluding to “reports” to that effect, Steves writes today that “this is not the case as Bitcoins are mined using ASICs and without becoming too technical about the terms, mining Ethereum is 'ASIC resistant' making it unprofitable."
bitcoin wallet directoryA CNBC report yesterday by Tae Kim mentioned both Bitcoin and Ethereum in the same piece.
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That article, which quoted AMD, was picked up in some outlets under a headline featuring Bitcoin — see “Bitcoin mining craze sees U.S.sell out of AMD graphics cards” at The Cointelegraph.Mining Ethereum, by contrast, can be profitable with Nvidia and AMD chips, he writes: What is the key financial point?With Ethereum trading at ~$260 today using lower end GPUs from Nvidia/AMD is largely profitable.This means the demand is likely to sustain (assuming the price of Ethereum does not collapse) given that the return on investment of a mining rig is around ~3 months.Net/ net: GPUs are used to mine Ethereum (ASICs are used to mine Bitcoin) and if the prices remain high for Ethereum then financial incentives will continue to push individuals into more mining.Steves also responds to some questions by readers of yesterday’s piece about “overclocking” parts.Overclocking plays into price considerations between the two parts, he writes: Choosing between Nvidia and AMD GPUs today is heavily dependent on price.