Australia’s Hunter Energy has signed a deal with IOT Group that could help resolve the country’s electricity problem. The agreement seeks to build a blockchain center inside the Redbank coal-fired power station. This blockchain center will provide cheap electricity for blockchain applications. Details of the Deal The deal will give Australia direct access to wholesale electricity prices. This will in turn reduce the additional costs from the retailer, transmission, and being connected to poles and wires. Overall, it could help reduce the cost of electricity in the country by up to 20 percent. Currently, in Australia, the average consumer spends aboutPowered by WPeMatico
