Novel secured distributed energy management structure for solar based smart grids incorporating miners

Abstract

Addressing the blockchain technology (BCT) challenges, such as the high energy consumption is unavoidable in smart power systems to take maximum advantage. As an antithetical point, there is a structural duality between using BCT in the electrical grid due to its advantages and energy consumption. To this end, this research work is an inclination toward controlling the miner’s energy consumption based on a realistic and efficacious two-stage energy mechanism toward the distributed energy concept and optimal placement of data mining devices. In this circumstance, such a new structure allows miners to mainly sustain their hash rates as a prominent index for security achievement and optimally decrease their cost. This paper suggests a novel distributed model for miners coincided with the smart electrical grid getting inspired by the Prima-Dual Method of Multipliers (PDMM) based distributed approach to settle down the needed power bartering between miners and energy supply resources. In addition, for a similar purpose, it seems to reach the ideal resolution needs to perform the modified reaffirmation of miners (the mining pool) within the secured grid. To execute this task, this research recommends the Intelligent Priority Selection (IPS) techniques as well. When all is said and done, the result of this approach can aid researchers with performing in the field of improving social advantages by the usage of the suggested method.