Search All Applications in Z-ARCHIVE-Cryptocurrency
Application US20200279284
Published 2020-09-03
Method And System For Using Recycling To Improve Blockchain Mining
A method for awarding blockchain mining fees based on recycling efforts includes: receiving recycling data for each of a plurality of mining systems including an amount of recycled materials associated with the respective mining system; receiving validation data for each mining system from third party entities including, for each mining system, a confirmation of the amount of recycled materials for the respective recycling data; selecting one of the mining systems, which is weighted based on the amount of recycled materials for the respective mining system compared to a total amount of recycled materials for all mining systems; and receiving a new block generated by the selected mining system including a block header and a plurality of blockchain data values including a blockchain data value corresponding to a blockchain transaction for payment of mining fees for the new block to a wallet associated with the selected mining system.
Much More than Average Length Specification
View the Patent Matrix® Diagram to Explore the Claim Relationships
USPTO Full Text Publication >
- 1. A method for awarding blockchain mining fees based on recycling efforts, comprising:
receiving, by a receiver of a processing server, recycling data for each of a plurality of mining systems, where the recycling data includes at least an amount of recycled materials and an identifier associated with the respective mining system; receiving, by the receiver of the processing server, validation data for each of the plurality of mining systems, where the validation data is received from one or more third party entities and includes, for each of the plurality of mining systems, a confirmation of the amount of recycled materials included in the recycling data for the respective mining system; selecting, by a processing device of the processing server, one of the plurality of mining systems, where the selection is weighted based on the amount of recycled materials for the respective mining system compared to a total amount of recycled materials for all of the plurality of mining systems; and receiving, by the receiver of the processing server, a new block generated by the selected one of the plurality of mining systems, where the new block includes at least a block header and a plurality of blockchain data values including at least one blockchain data value corresponding to a blockchain transaction for payment of mining fees for the new block to a wallet associated with the selected one of the plurality of mining systems.
- 9. A system for awarding blockchain mining fees based on recycling efforts, comprising:
a receiver of a processing server configured to
receive recycling data for each of a plurality of mining systems, where the recycling data includes at least an amount of recycled materials and an identifier associated with the respective mining system, and
receive validation data for each of the plurality of mining systems, where the validation data is received from one or more third party entities and includes, for each of the plurality of mining systems, a confirmation of the amount of recycled materials included in the recycling data for the respective mining system; and
a processing device of the processing server configured to select one of the plurality of mining systems, where the selection is weighted based on the amount of recycled materials for the respective mining system compared to a total amount of recycled materials for all of the plurality of mining systems, wherein the receiver of the processing server is further configured to receive a new block generated by the selected one of the plurality of mining systems, where the new block includes at least a block header and a plurality of blockchain data values including at least one blockchain data value corresponding to a blockchain transaction for payment of mining fees for the new block to a wallet associated with the selected one of the plurality of mining systems.
