scholarly journals Opinions on Sustainability of Smart Cities in the Context of Energy Challenges Posed by Cryptocurrency Mining

2019 ◽  
Vol 12 (1) ◽  
pp. 169 ◽  
Author(s):  
Oluwaseun Fadeyi ◽  
Ondrej Krejcar ◽  
Petra Maresova ◽  
Kamil Kuca ◽  
Peter Brida ◽  
...  

Next to climate change on the list of challenges faced by humankind in today’s technological age is energy management. While “smart” ideas continue to gather momentum as some of the ways earmarked to combat the menace of a changing climate, coupled with efficient management of energy, research and development in the blockchain is not retracting, recently giving rise to digital currencies capable of fueling massive energy consumption via mining of “crypto-coins”. Given that sustainability is a crucial goal in the design of smart cities nowadays, there are currently no assurances of sustainable cities where cryptocurrency mining is at full scale. Nevertheless, alternative energy sources may come to the rescue in no distant time. In this paper, we contextualize energy-use in smart cities through mining of virtual currencies, in order to predict whether or not smart cities can truly be sustainable if crypto-mining is sustained. An attempt is also made to emphasize the possible ways of reducing energy use and all activities involving digital currencies by seeking to replace “Proof of Work” (PoW) with improved alternatives.

2012 ◽  
Vol 7 (1-2) ◽  
pp. 237-267
Author(s):  
Leanne Piggott

In this article, I state that the IEA predicts that global energy usage will continue to increase over the next twenty years by as much as 45%, driven largely by the emerging economies of North and South Asia. This assessment is most pertinent in relation to oil, which currently accounts for the largest share of global energy use due to the oil dependence of the transport sector. I point out that the major supplier of oil to the global market, West Asia’s Arabian/Persian Gulf, is also experiencing relatively high energy consumption growth, and the Gulf states have thus found themselves confronted with the paradox of needing to develop alternative energy sources for their own domestic use while requiring the world’s traditional dependence on oil to continue so that they can maintain their export revenues. To the extent that alternative energy sources are developed, the commerciality of the oil reserves of supplier states is made less secure. The article explains how the growth in oil consumption has also raised questions about the medium to long-term security of supply for Asian oil-importing states which have invested substantially in supply contracts and in acquiring equity in upstream production in the Gulf. I examine both the potential threats and benefits that might arise from this emerging trans-Asian oil nexus including the increasing dependence by Asian oil importers on supplies from an inherently unstable region, and the pursuit of alternate technologies by suppliers and consumers.


2008 ◽  
Vol 62 (4) ◽  
pp. 223-232
Author(s):  
Vladimir Valent ◽  
Milorad Krgovic ◽  
Marina Krsikapa ◽  
Srecko Nikolic

The available worldwide energy sources are presented. The applications of energy over the next period are considered in this study. The applications and the importance of alternative energy sources is reviewed. The emphasis is put on the necessity of developing new technologies and rationalization of energy use. The data regarding heat and electric energy, along with water applications in cellulose and paper industry are also given.


2015 ◽  
Vol 4 (2) ◽  
pp. 36-41 ◽  
Author(s):  
Katalin Takács-György ◽  
Szilvia Domán ◽  
Antalné Tamus ◽  
Elena Horská ◽  
Zuzana Palková

Abstract Wider use of alternative energy sources is a real requirement of sustainable economy – not only from the point of view of limited natural resources –, and there is a question what is the knowledge, the attitude of young generation. As there is a strong connection between the use of renewable energy and sustainability, the issues must be examined together. On the other hand it can be observed that there is a tendency that people are becoming more open and inquiring towards renewable energy sources, and environment protection is considered as a very important task. The main goals of the research were to examine the knowledge of the young generation taking part in higher education on sustainability and alternative energy, and to find out their attitudes to the use of different alternative energy sources. Also, our hypotheses said that the level of knowledge of sustainability and their attitudes to the environment issues are connected. We compared the results of two surveys carried out in 2014 among the students of a Hungarian and a Slovak higher educational institute. According to the primary results it can be stated that the increasing environmental awareness of young generation is visible, although as for the concepts of sustainability and their knowledge on alternative energy sources, as well as their expectations for the future, there was no significant correlation between their opinions in the Hungarian sample. It was proved that they have open minds towards environmental consciousness, and follow the renewable energy sources with attention. A bit more than a half of the sample has real knowledge on sustainability – we mean the three-pillars model here –, more the mail interview has higher knowledge and for the future they thought the question as a very important one. Considerable majority of the respondents, compared to their capabilities, try to live environmentally-sound life, will do more than one thing to save their environment, although also some negative responses slightly appeared in the received results. Primary results of the Slovak sample are similar; respondents do similar measures for environment at their households as their Hungarian colleagues, but with different priority. Concerning the knowledge of concept of “green economy”, “blue economy” and the “non-growth”, it can be summarized that the awareness is evident but in many cases, there is just few information and weak knowledge connected with the terminology and practical consequences. We think it is an important task of education to increase the awareness of young people on sustainable energy use and to let them accustomed to the thought of green economy and non-growth theories, since the expansion of knowledge may help in the development of a more positive attitude, which will then, hopefully, encourage their actions in the future.


2015 ◽  
Vol 76 (12) ◽  
Author(s):  
Balaji, V. ◽  
Sekar, K. ◽  
Duraisamy, V. ◽  
Uma, S. ◽  
Raghavendran, T. S.

This paper presents a viability study of solar renewable power generation system for telecommunication tower applications. Rapid depletion of fossil fuel resources necessitated research on alternative energy sources. A solar power generation using photovoltaic system is one of the reliable alternative energy sources for conventional power generation system. Main objective of this paper is to supply uninterruptible power for telecommunication tower equipments from standalone solar power system with necessitate energy storage unit and a backup power system. The Energy Management Controller is developed using soft computing techniques which monitor the power generation from renewable source, SOC of battery bank continuously. The working rules of the monitoring system have been developed for all seasonal climatic weather conditions in India. It provides uninterrupted power during day time, improves life time of battery and minimized usage of diesel run generator. The whole system is analyzed using MATLAB / Simulink.


2020 ◽  
Vol 16 (5) ◽  
pp. 885-904
Author(s):  
M.E. Frai

Subject. The article discusses limited sources of energy nowadays and an ongoing survey of new ones. I focus on fuel and energy complexes worldwide and in Russia. Objectives. The study is to analyze the future use of alternative energy sources in the fuel and energy complex nationwide and worldwide. I review the existing energy sources of the fuel and energy complex in the global and regional markets, specifically the alternative ones. Methods. The study relies upon methods of statistics, analysis and systems approach. Results. The article demonstrates that the fuel and energy complex strongly depends on the current situation in the energy resource market, which is difficult to forecast. If we continue relying on traditional energy resources, we get exposed to some risks affecting the sustainable development of the economy. Russia should diversify the power engineering sector by developing alternative energy sources. The article sets forth the economic rationale for alternative sources and key steps Russia shall make. Conclusions and Relevance. Considering the current situation in the energy balance, alternative energy is what any advanced society seeks for, being supported by manufacturers, governmental institutions, and researchers, though low profitability and high infrastructure costs impede its development. In Russia, these challenges are even more palpable. However, even now Russia is able to find alternative energy solutions. In addition to advantages of alternative energy, which is globally proclaimed, they will also help Russia diversify and update the economic system.


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