TechFlow Insights
Rowan Energy is a new energy company with its own L1, focusing on the solar-powered physical hardware mining DEPIN sector. The hardware solution they provide is called SmartMiner, a device that integrates a smart meter with blockchain cryptocurrency mining.
In appearance, SmartMiner is a box the same size as a standard smart meter. It is installed between the user's solar panels and wiring and connects to home Wi-Fi. While measuring electricity consumption, SmartMiner simultaneously generates cryptocurrency rewards. According to their official documentation, Rowan Energy will pay 10 pence worth of $RWN for every kilowatt-hour generated by solar power. These rewards can be converted into cash via PayPal or sent to a Rowan wallet compatible with the user's mobile device.
Each time a SmartMiner is sold or fees are generated on its L1, Rowan Energy repurchases a certain proportion of $RWN, supporting the token's value to incentivize users to continue using clean energy (solar power) long-term.
