Cryptocurrencies come to life at a cost. Sure, there is an implied value in FIAT money, plus the manpower it takes to keep running the technology that puts them on the market. But the final cost of any digital currency is the tool it takes on the environment.
The Pros and the Cons
It’s an undeniable fact that digital currencies are changing the way that the financial market is being handled these days. The introduction of Blockchain technology changed the game for many corporations that now are willing to get in the game. The increased levels of security and the transparency of the system are strong selling points. But the main issue that Blockchain has is the amount of electric energy it needs to work properly. A single transaction can consume 215 KWh of power in just a few hours. If you take into account that at least 300,000 trade operations occur in just one day, it’s easy to understand why it’s imperative to find a solution to power consumption if cryptocurrencies keep their intention to reach wider audiences.
Envion: People working on a Solution
A new player is arriving at the field and they are challenging every single standard around cryptocurrency mining. Envion is their name and they have taken notice of the problems in the market and have already worked out some solutions.
One of the big issues is sticking to the principles of the creator of the original cryptocurrency. Satoshi Nakamoto’s original plan for Bitcoin was to create a decentralized network to keep holdings without relying on a single server. Instead, 80% of the operations on digital currencies are based in China, defeating its original purpose. Envion has offered a solution to this issue by creating Mobile Mining Units stored in CSC containers that can be shopped around the world to take advantage of locations and local regulations on any country to achieve their purpose.
The strength of Envion comes from their willingness to develop a solution to existing problems within the cryptocurrency business. Their green initiatives offer a solution to the power issue by locating their MMU near suppliers of renewable energy resources. This means that Envion is ready to work with hydroelectric, wind and solar powered companies to get their own systems running. The best part of it is the ability to redirect the energy overproduction of these contributors for their own operations and to a local business that relies on that bit of additional power to keep running.
Another issue that Envion has worked out is the ever present overheating problems that come with a 24/7 mining operation. The company has developed and patented a cooling system that allows the CSC data center to work continually with a balanced temperature while using just 1% of the energy diverted for the whole operation. This is a performance that no air conditioning in the world can offer.
The endgame
Envion could easily sell their patents on their new technology to fund their operations. But the company stands behinds its principles for a better, less polluted world by launching a new public ICO that puts the future of digital currencies in the hands of those who are truly interested in getting the best out of Blockchain technology while keeping a safe environment. Their true decentralized MMU will offer a chance to new players in the mining of cryptocurrencies while keeping the planet safe, starting on December 15 at https://envion.org/