Power Ledger$POWR

What is this network?

Powerledger, a blockchain-enabled software platform designed for trading renewable energy and environmental commodities. It is an operating system for new energy markets, aiming to democratize power for a sustainable future. Powerledger develops software solutions for tracking, tracing, and trading renewable energy. The platform is designed to address the challenges of integrating renewable energy into existing grids, particularly addressing intermittency and centralization issues. Powerledger's technology enables players interacting on the grid to track, trace, and trade energy in real-time, creating a flexible power system that is both resilient and stable.

How can I mine tokens?

Power Ledger tokens can be mined in several ways, including specialized hardware, cloud mining, and pool mining. However, before you start mining, it's important to research if your setup will actually generate any profit. The amount of miners and the fluctuating price of Power Ledger tokens can greatly affect your chances of making a profit. The most powerful hardware for mining would be ASICs, which are unfortunately quite expensive. If mining with a computer, a GPU won’t generate a large turnout but it might be something to start with when mining Power Ledger. Mining profitability charts can show you how much USD you can make for 1 Mh/s of hash rate, including the electricity expenses. The proof-of-capacity protocol used in Power Ledger distributes coins among miners over a long period of time, requiring only hard drive space to mine.

Any geographical restrictions?

Powerledger collects information from users located around the globe and primarily stores that information on servers located and operated in Australia. This means that your information may be transferred, processed, and stored outside of your country of residence. However, any personal information about you that Powerledger collects and uses will be subject to the data privacy laws in place in Australia.

How can I optimize my mining rewards?

Optimizing mining rewards in a Proof-of-Work network like Powerledger involves careful selection of network connections, ensuring existence of paths to other miners that are on average of a lower latency compared to paths between other miners. Miners can also resort to various strategies to increase their earnings, such as favoring locations with cheap electricity, or increasing hardware power consumption and cooling efficiencies of the mining farms. They can also organize themselves into mining pools, apportioning mining rewards across pool miners for a steadier income over time.

How can I use the network?

Powerledger's blockchain technology facilitates secure trading and mitigates settlement risk, while also providing an immutable and verifiable audit trail. The Powerledger Energy Blockchain is a customised permissioned Solana blockchain, which is faster and less energy intensive than existing proof-of-work blockchains. It utilises Proof-of-History and Proof-of-Stake (PoS) consensus mechanisms. Validators need to be invited by Powerledger and only those accepted by Powerledger can participate. Staking is now available on the Powerledger Energy Blockchain, linked to the existing POWR (ERC-20) token which will remain on Ethereum mainnet, with both the stake and the rewards, convertible and payable in existing POWR tokens.

Who governs this network?

Powerledger is governed by its own team, which includes its co-founders and technical directors. The platform operates two blockchains which perform different functions. The Power Ledger’s ecosystem operates based on the interactions between its layers and two tokens, with the use of Ethereum-based smart contracts. The transactive layer of the platform establishes communication with the power grid via devices called smart meters. Access to the platform for both the hosts and users is secured by holding a predetermined amount of POWR tokens.