Japanese supplier of renewable energy Looop plans to reduce costs to miners of the cryptocurrency through a single monthly payment for usage of electricity up to a certain level in the service area of Tokyo electric company, writes bit.news.

According to the tariff plan Mining Flat customers receive the right to subscribe to the “equivalent to a contract for 1 kW (10 A or 1 kVA)”. Miners are given the opportunity to use up to 250 kW with a fixed monthly price of 6 170 yen. There are several types of contracts. For example, a contract for 3 kW will allow them to use up to 750 kWh is considered to be Overspending at the rate of 22 yen per 1 kWh.

According to the assessment IT Media, the monthly cost of electricity for the contract for 3 kW 16.9% lower than TEPCO would charge for a similar service. Customers will be able to begin applying for this new service this month.

President Looop, Soichiro Nakamura, stressed that the mining industry uses a lot of electricity. In his opinion, the high cost of electricity is the weak point of Japan, making it difficult to penetrate the market of mining. “I would like to support local mining company proposing this tariff plan,” he said.

Japanese consumers can also pay their electricity bills with bitcoins. Retailer energy Remix Point began to take bitcoin payments for their services electricity, as well as offer discounts for clients who use cryptocurrency.

Looop Co. Ltd – supplier of renewable energy in Tokyo, which offers products and services in the field of natural energy, as well as services, retailing services of electricity. The company started its activities in March 2011. Other products offered include solar, wind, biomass, hydroelectric and geothermal energy systems. According to IT Media, more than 55 000 Japanese households use services Looop for power.

As reported in the Australian utilities go in the blockchain.

Read also: Ukraine translates the State land cadastre on the blockchain

Japanese miners will receive preferential electricity 11.10.2017

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