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

Mohamed A. Mohamed, Seyedali Mirjalili, Udaya Dampage, Saleh H. Salmen, Sami Al Obaid and Andres Annuk
Additional contact information
Mohamed A. Mohamed: Electrical Engineering Department, Faculty of Engineering, Minia University, Minia 61519, Egypt
Seyedali Mirjalili: Center for Artificial Intelligence Research and Optimisation, Torrens University Australia, Brisbane, QLD 4006, Australia
Udaya Dampage: Faculty of Engineering, Kotelawala Defence University, Kandawala Estate, Ratmalana 10390, Sri Lanka
Saleh H. Salmen: Department of Botany and Microbiology, College of Science, King Saud University, Riyadh 11451, Saudi Arabia
Sami Al Obaid: Department of Botany and Microbiology, College of Science, King Saud University, Riyadh 11451, Saudi Arabia
Andres Annuk: Chair of Energy Application Engineering, Institute of Technology, Estonian University of Life Sciences, 51006 Tartu, Estonia

Sustainability, 2021, vol. 13, issue 18, 1-24

Abstract: 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.

Keywords: smart grid; blockchain technology; modified reconfiguration of miners; distributed generation resources; unscented transform; intelligent priority selection method (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/18/10382/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/18/10382/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:18:p:10382-:d:637576

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().