A Cost-Efficient-Based Cooperative Allocation of Mining Devices and Renewable Resources Enhancing Blockchain Architecture

The impressive furtherance of communication technologies has exhorted industrial companies to link-up these developments with their own abilities with the target of efficiency enhancement through smart supervision and control. With this in mind, the blockchain platform is a prospective solution for merging communication technologies and industrial infrastructures, but there are several challenges. Such obstacles should be addressed to effectively adopt this technology. One of the most recent challenges relative to adopting blockchain technology is the energy consumption of miners. Thus, providing an accurate approach that addresses the underlying cause of the problem will carry weight in the future. This work addresses managing the energy consumption of miners by using the advantage of distributed generation resources (DGRs). Along the same vein, it appears that achieving the optimal solution requires executing the modified reconfirmation of DGRs and miners (indeed, mining pool systems) in the smart grid. In order to perform this task, this article utilizes the Intelligent Priority Selection (IPS) method since this method is up to snuff for corporative allocation. In order to find practical solutions for this problem, the uncertainty is also modeled as a credible index highly correlated with the load and generation. All in all, it can be said that the outcome of this research study can help researchers in the field of enhancement of social welfare by using the proposed technology.

Automated summary

The advancement in communication technologies has pushed industrial companies to integrate these developments with their own capabilities for efficiency enhancement. The blockchain platform is seen as a potential solution for merging communication technologies and industrial infrastructures, although there are challenges that need to be addressed. One of the recent challenges facing the adoption of blockchain technology is the energy consumption of miners, and finding an accurate approach to address this issue will be crucial for the future. This study focuses on managing the energy consumption of miners through the use of distributed generation resources (DGRs) and Intelligent Priority Selection (IPS) method, with the aim of enhancing social welfare through the proposed technology.