Comment on Miner One Takes on Envion for Green Mining Crown by Miner One Takes on Envion for Green Mining Crown – Blockchain News – Tokens Talk

Crowdfunded cryptocurrency mining operation, Miner One has efficiently reached its tender cap of three,000 ETH throughout the first 5 days of its token sale. Greater than three,000 traders have participated within the public crowdsale up to now, based on an announcement launched final Wednesday. The Miner One program is concentrated, initially, on establishing a crypto mining middle in Lulea, Sweden, Europe’s premier nation for renewable power sourced primarily from hydroelectric energy.

The price of power alone can eat 30 to 60 p.c of a mining operation’s revenues, based on a report by Bloomberg New Vitality Finance, with cooling prices making up a big portion of that price. Miner One seeks to mitigate this expense by planning its operations in northern climates, the place the ambient air temperature can present the mandatory cooling for the vast majority of the yr, based on the corporate’s assertion. In the meantime, the price of renewable power is anticipated to fall beneath that of fossil fuels by the yr 2020. Miner One seeks to capitalize on this pattern, already pioneered by teams like Envion and Nasty Mining. Leveraging renewable power near the supply will make cryptocurrency mining extra eco-pleasant and is a imaginative and prescient is supported by a rising variety of folks within the mining group, acknowledged Miner One. 

“Vitality-intensive bitcoin mining, if not achieved responsibly, has a serious affect on the surroundings,” states Miner One, in its press launch. “To unravel advanced cryptography issues with many miners taking part, immense quantities of computational energy and, subsequently, electrical energy are being utilized. Analysis exhibits that the power spent on mining bitcoin in 2017 has surpassed the common electrical energy consumed yearly by 159 nations, leaping nearly eight-fold previously yr, usually at rising charges. Sadly, a lot of that electrical energy comes from fossil fuels, recognized to have an effect on local weather change. But when achieved proper, each the carbon footprint and worth of power may be mitigated. The answer is tapping into the advantages of renewable power.”  

To be taught extra about Miner One, go to http://www.minerone.io/.

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