Computer science PhD, Terry Xing has announced the launch of Upower in an exclusive interview with Cointime. Xing has published upwards of 20 different papers in various outlets from journals and textbooks to conferences and more. His current research includes distributed networking, security and core technology for blockchain. Xing originally joined the Upower team for upkeep on the technical side of the business.





Although Xing is also a part of Umining he wants people to know that they are two distinct entities. While Umining provides mining hosting services, partners with mining hardware companies and builds facilities for miners, Upower is an ecosystem for self cleaning energy. Xing states, “Everyone can be a part of it,” as users can utilized the Upower system to generate power for essential daily use.





Upower will initially employ solar energy but is hoping to expand into other types of self cleaning energy. Currently, Upower is working with Stanford University to research geothermal means to store energy in hopes to develop further.





Xing is hopeful about the company and states, “Upower is a really promising product because were combining decentralized distributed coin energy solutions with blockchain. It’s actually different from all the other blockchain-based energy… We’re working with centralized energy solutions but we’re actually decentralized as we’re distributed.”





Upower’s transfer of energy works on a local structure meaning that community leaders can share their user generated energy with the local community. User will have to pay for hardware themselves in order to install specialized equipment much like the initial switch to solar energy of today. There are no definite pricing lists for installation as pricing depends on the size of ones roof and how many panels a home would want or require.





Users can also be rewarded with Upower’s very own token. The token will play different roles. Users will be rewarded with the token simply for utilizing the registered hardware; the more energy a person generates or stores, the more tokens they are eligible to receive and can be thought of as a type of “premining.” Other usages for the token will be payment and at a later date, public consensus.



