Renewable energy projects win clean power auction

Brilliant news for Scotland's #renewable #energy system!

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    Two Scottish renewable energy projects have been awarded 15-year contracts after a UK government auction.The Moray East Offshore wind farm is planned for the Moray Firth and a biomass heat and power plant will be built in Grangemouth.Contracts are awarded after an auction for subsidies in which the lowest bidder wins.Scottish Renewables said the wind farm bid showed there had been a “dramatic” drop in the cost of the technology.The joint project by EDP Renovaveis and the Engie consortium is scheduled to start generating power in 2022/23.

  • The contract was awarded by the Department for Business, Energy and Industrial Strategy.Scottish Renewables’ deputy chief executive, Jenny Hogan, said: “The results of this latest auction are good news for Scotland, for our environment and for our energy system.
  • “Ms Hogan said the biomass plant, to be built by Grangemouth Renewable Energy Limited, had also shown a “significant cost reduction”.
  • It is estimated that the two projects will together generate enough electricity to power the equivalent of 1,136,100 homes.Nuclear subsidiesUK government figures show the cost of subsidies for new offshore wind farms has halved since the last 2015 auction for clean energy projects.Scottish Renewables said energy from offshore wind in the UK was due to be cheaper than electricity from new nuclear power for the first time.Two firms said they were willing to build offshore wind farms for a subsidy of ÂŁ57.50 per megawatt hour for 2022/23 in the latest auctionsThis compares with the new Hinkley Point C nuclear plant securing subsidies of ÂŁ92.50 per megawatt hour.Ms Hogan added: “We hope to see all renewable technologies getting the chance to bid in future auction rounds and to demonstrate just how cheap they can be.
  • “The government must now set out in its Clean Growth Plan a clear plan for cutting emissions further from the UK’s energy system, and provide certainty to investors over the timing for further auctions rounds for all technologies.”

A wind farm is planned for the Moray Firth and a biomass plant will be built in Grangemouth.
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Yahoo! Good Morning America

WATCH: The big @DancingABC Season 25 cast reveal from @GMA! 

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  • Talking points distributed by the Trump administration on Tuesday urge Deferred Action for Childhood Arrivals (DACA) recipients to “prepare for and arrange their departure from the United States” — even as President Donald Trump and the White House are pushing Congress for a legislative solution to immigration reform.
  • The missive comes in a document obtained by ABC News that was provided to members of Congress in the aftermath of the Trump administration’s decision that it will be ending DACA — the policy that protects undocumented immigrants who arrived in the U.S. as children.
  • “The Department of Homeland Security urges DACA recipients to use the time remaining on their work authorizations to prepare for and arrange their departure from the United States — including proactively seeking travel documentation — or to apply for other immigration benefits for which they may be eligible,” the document reads.

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Now I Get It: Bitcoin [Video]

Now I Get It: #Bitcoin by @Pogue

  • This arrangement has some stunning advantages over traditional currency or credit cards:

    There’s a whole lot of really cool, really complicated math involved in Bitcoin, designed to keep it secure and to prevent Bitcoin inflation.

  • There’s no government to decide when to print new money in this case, so new bitcoins are “mined”—created—through a complex scheme you can read about here.
  • When you get a Bitcoin address—something like an email address—you also get a complex password known as a private key, which you need to access your stash.
  • At that point, you can transfer money to other people by sending it to their Bitcoin addresses.
  • Or if your Bitcoin exchange goes out of business, which has happened plenty; in fact, 18 of the first 40 exchanges had gone under as of 2013, taking all their clients’ money with them.

Man, if anything needs the “now I get it” treatment, it’s Bitcoin. You hear about it all the time in financial and technical circles—but most people really don’t grasp it.
Continue reading “Now I Get It: Bitcoin [Video]”

Now I Get It: Bitcoin [Video]

Now I Get It: #Bitcoin by @Pogue

  • This arrangement has some stunning advantages over traditional currency or credit cards:

    There’s a whole lot of really cool, really complicated math involved in Bitcoin, designed to keep it secure and to prevent Bitcoin inflation.

  • There’s no government to decide when to print new money in this case, so new bitcoins are “mined”—created—through a complex scheme you can read about here.
  • When you get a Bitcoin address—something like an email address—you also get a complex password known as a private key, which you need to access your stash.
  • At that point, you can transfer money to other people by sending it to their Bitcoin addresses.
  • Or if your Bitcoin exchange goes out of business, which has happened plenty; in fact, 18 of the first 40 exchanges had gone under as of 2013, taking all their clients’ money with them.

Man, if anything needs the “now I get it” treatment, it’s Bitcoin. You hear about it all the time in financial and technical circles—but most people really don’t grasp it.
Continue reading “Now I Get It: Bitcoin [Video]”

Now I Get It: Bitcoin [Video]

Now I Get It: Bitcoin by @Pogue

  • This arrangement has some stunning advantages over traditional currency or credit cards:

    There’s a whole lot of really cool, really complicated math involved in Bitcoin, designed to keep it secure and to prevent Bitcoin inflation.

  • There’s no government to decide when to print new money in this case, so new bitcoins are “mined”—created—through a complex scheme you can read about here.
  • When you get a Bitcoin address—something like an email address—you also get a complex password known as a private key, which you need to access your stash.
  • At that point, you can transfer money to other people by sending it to their Bitcoin addresses.
  • Or if your Bitcoin exchange goes out of business, which has happened plenty; in fact, 18 of the first 40 exchanges had gone under as of 2013, taking all their clients’ money with them.

Man, if anything needs the “now I get it” treatment, it’s Bitcoin. You hear about it all the time in financial and technical circles—but most people really don’t grasp it.
Continue reading “Now I Get It: Bitcoin [Video]”

Blockchain: the answer to life, the universe and everything?

  • The answer to that question, first proposed by bitcoin’s pseudonymous creator, Satoshi Nakamoto, was to create a decentralised digital ledger, keeping track of every transaction made, and with its accuracy guaranteed through the combined honesty of the entire network.
  • Bitcoin was the first technology to use the blockchain, but the currency is now starting to look a bit like the steam pumping engines invented in the 17th century.
  • A permissionless, distributed, trust-free network has the power to revolutionise not just financial technology, stock markets and banking, but also the music industry, digital access in some of the world’s poorest nations, and could even ensure your Italian extra-virgin olive oil really is from Italy.
  • For a long time, the ability to use the blockchain in this way was treated as an interesting side-effect of bitcoin’s role as a currency, but the tenfold collapse in the currency during 2014 prompted many who had invested in the bitcoin ecosystem – whether financially or intellectually – to seek other uses for the underlying technology.
  • Instead, there are many blockchains, as companies are born with different needs from a distributed ledger than those of Bitcoin.

Bitcoin hasn’t lived up to the salvation rhetoric, but the digital engine behind the currency may be about to change the world
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Bitcoin is taking off after China’s biggest exchanges allow withdrawals

#Bitcoin is taking off after China's biggest exchanges allow withdrawals

  • The cryptocurrency trades up 4.1% at $2,407 a coin following news that China’s three largest bitcoin exchanges are allowing customers to withdraw bitcoins from their accounts.
  • The news follows months of uncertainty for customers of the exchanges, who back in February were told they would be unable to take bitcoin out of their accounts.
  • At the time, bitcoin was threatening its record high of $1,161 a coin before plunging more than 10% on the news.
  • Aside from the US Securities and Exchange Commission rejecting two bitcoin ETFs, bitcoin has seen a steady stream of good news.
  • Additionally, Russia’s largest online retailer, Ulmart, began accepting bitcoin despite Russia’s saying it wouldn’t consider the use of the cryptocurrency until 2018

    Last week, the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York.

Bitcoin is back to its old ways after a few quiet sessions. The cryptocurrency trades up 4.1% at…
Continue reading “Bitcoin is taking off after China’s biggest exchanges allow withdrawals”