Method and system for using recycling to improve blockchain mining

Patent metadata

Field	Value
Publication number	US-11556948-B2
Application number	US-201916290331-A
Country	US
Kind code	B2
Filing date	Mar 1, 2019
Priority date	Mar 1, 2019
Publication date	Jan 17, 2023
Grant date	Jan 17, 2023

Abstract

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.

First claim

What is claimed is:

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 materials recycled by each of the plurality of mining systems and an identifier associated with the respective mining system, the amount of recycled materials corresponding to an offset amount of electrical energy use;
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;
awarding, by the processing device of the processing server, one or more points to each of the plurality of mining systems based on the respective amount of recycled materials associated with each of the plurality of mining systems;
receiving, by the receiver of the processing server, a bid amount for each of the plurality of mining systems, where the bid amount is based on the respective awarded amount of one or more points awarded to each of the plurality of mining systems;
selecting, by a processing device of the processing server, one of the plurality of mining systems to mine one or more blockchain transactions, 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 the respective bid amount for the respective mining system, wherein the higher the amount of the one or more points in the bid amount of each of the plurality of mining systems increases the likelihood of selection of the respective mining system; 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.

2. The method of claim 1 , further comprising:
confirming, by the processing device of the processing server, the received new block; and
transmitting, by a transmitter of the processing server, the received new block to a plurality of nodes in a blockchain network.

3. The method of claim 2 , wherein the processing server is a node in the blockchain network.

4. The method of claim 1 , wherein the selection is based on a proportion of 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.

5. The method of claim 1 , wherein the bid amount is included in the recycling data for the respective mining system.

6. The method of claim 1 , wherein the bid amount received for at least one of the plurality of mining systems is based on less than the respective awarded amount of points awarded to the at least one of the plurality of mining systems.

7. The method of claim 1 , further comprising:
storing, in a memory of the processing server, the plurality of blockchain data values not including the at least one blockchain data value;
generating, by the processing device of the processing server, the at least one blockchain data value based on a fee amount included in each of the stored plurality of blockchain data values; and
transmitting, by a transmitter of the processing server, the generated at least one blockchain data value to the selected one of the plurality of mining systems prior to receiving the new block.

8. The method of claim 1 , wherein the recycling data received for each of the plurality of mining systems is received from the respective mining system.

9. The method of claim 1 , including:
calculating, by the processing device of the processing server, a value for each of the plurality of mining systems, the value being a weighed value based on a type and a weight of the recycled materials recycled by each of the plurality of mining systems; and
wherein the selection is further based on the calculated value of each of the plurality of mining systems.

10. 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 materials recycled by each of the plurality of mining systems and an identifier associated with the respective mining system, the amount of recycled materials corresponding to an offset amount of electrical energy use;
the receiver of the processing device configured to 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;
a processing device of the processing server configured to award one or more points to each of the plurality of mining systems based on the respective amount of recycled materials associated with each of the plurality of mining systems;
the receiver of the processing server configured to receive a bid amount for each of the plurality of mining systems, where the bid amount is based on the respective awarded amount of one or more points awarded to each of the plurality of mining systems;
the 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 and the respective bid amount for the respective mining system, wherein the higher the amount of the one or more points in the bid amount of each of the plurality of mining systems increases the likelihood of selection of the respective mining system; and
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.

11. The system of claim 10 , further comprising:
a transmitter of the processing server, wherein
the processing device of the processing server is further configured to confirm the received new block, and
the transmitter of the processing server is configured to transmit the received new block to a plurality of nodes in a blockchain network.

12. The system of claim 11 , wherein the processing server is a node in the blockchain network.

13. The system of claim 10 , wherein the selection is based on a proportion of 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.

14. The system of claim 10 , wherein the bid amount is included in the recycling data for the respective mining system.

15. The system of

Assignees

• Mastercard International Inc

Inventors

• Garg Chandan
• Kumar Shubham
• Thukral Abhinav
• Sharma Madhavi

Classifications

• G06Q20/065

  using e-cash · CPC title

• G06Q20/36

  using electronic wallets or electronic money safes · CPC title

• G06Q20/102

  Bill distribution or payments · CPC title

• G06Q20/02

  involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] · CPC title

• G06Q30/0208 Primary

  Trade or exchange of goods or services in exchange for incentives or rewards · CPC title