Notes

Kiwis' Super Trapped In Aussie
But New Zealanders approaching the Australian Tax Office (ATO) to seek out lost accounts are being instructed they can not transfer the money directly to KiwiSaver. The ATO is telling folks its holding pen for misplaced tremendous doesn't rely as a qualifying superannuation fund below the trans-Tasman switch rules, says Chapman Tripp partner Mike Woodbury. To repatriate the cash, Kiwis would first want to move it to an Australian superannuation scheme. However that's difficult because the schemes aren't generally allowed to open accounts for people residing outside Australia. It's unclear whether Aussie schemes would need the business anyway, understanding the account could be used as a conduit to move the cash straight to New Zealand. In another roadblock, New Zealanders who already have money in qualifying Australian super schemes are having to search out Australian-authorised professionals to witness the statutory declarations they should bring the money again. Whereas some Aussie schemes had been being pragmatic, below Australian regulations people wanted a declaration saying they'd moved right here completely to be witnessed by somebody recognised in Australia, stated Woodbury.

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Lecturers and researchers have used numerous methods for estimating the vitality use and vitality effectivity of blockchains. Solana has the bottom electricity use per transaction. In terms of annual consumption (kWh/yr), the figures have been: Polkadot (70,237), Tezos (113,249), Avalanche (489,311), Algorand (512,671), Cardano (598,755) and Solana (1,967,930). This equates to Polkadot consuming 7 instances the electricity of an average U.S. Cardano 57 houses and Solana 200 times as much. The analysis concluded that PoS networks consumed 0.001% the electricity of the Bitcoin community. University College London researchers reached an identical conclusion. A couple of papers concluded that variable renewable power energy stations could put money into Bitcoin mining to reduce curtailment, hedge electricity worth risk, stabilize the grid, improve the profitability of renewable energy power stations and subsequently accelerate transition to sustainable power. There are additionally purely technical components to consider. For example, technological development in cryptocurrencies similar to Bitcoin end in excessive up-front prices to miners within the type of specialised hardware and software program.

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