Comment on Miner One Takes on Envion for Green Mining Crown by Alex

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Crowdfunded cryptocurrency mining operation, Miner One has efficiently reached its gentle cap of three,000 ETH inside the first 5 days of its token sale. Greater than three,000 buyers have participated within the public crowdsale to this point, in keeping with a press release launched final Wednesday. The Miner One program is targeted, initially, on establishing a crypto mining heart 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 % of a mining operation’s revenues, in keeping with a report by Bloomberg New Power 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 required cooling for the vast majority of the 12 months, in keeping with the corporate’s assertion. In the meantime, the price of renewable power is predicted to fall under that of fossil fuels by the 12 months 2020. Miner One seeks to capitalize on this development, already pioneered by teams like Envion and Nasty Mining. Leveraging renewable power near the supply will make cryptocurrency mining extra eco-friendly and is a imaginative and prescient is supported by a rising variety of individuals within the mining group, acknowledged Miner One. 

“Power-intensive bitcoin mining, if not carried out responsibly, has a significant influence on the surroundings,” states Miner One, in its press launch. “To unravel complicated cryptography issues with many miners taking part, immense quantities of computational energy and, due to this fact, 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 virtually eight-fold prior to now 12 months, usually at growing charges. Sadly, a lot of that electrical energy comes from fossil fuels, recognized to have an effect on local weather change. But when carried out proper, each the carbon footprint and value of power could be mitigated. The answer is tapping into the advantages of renewable power.”  

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

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