It started as it always does — with Elon Musk. He tweeted that surely cryptocurrency is great, though not for the planet.
His statement spiraled into a discussion about how clean mining is in general. Experts joined the debate, messages like: “Bitcoin alone consumes more electricity than a midsize country in Europe” began appearing more often.
Unpleasant fact: cryptocurrency does harm the environment. Each energy consumer leaves a “carbon footprint”, because mining requires a lot of electricity*.
*Same is true for any other global industry like, for instance, gold mining.
Another unpleasant fact: so much electricity is required, that quite often its cost outgrows the income made from mining. Hence, miners try to use cheap energy sources. For example, most Chinese mining farms used to locate at coal-fired power plants. The emissions were creating a greenhouse effect, accelerating climate change.
These two facts even prior to Musk’s statement lead to the search for alternative solutions and the emergence of “green” or eco-mining.
Eco-mining is using renewable energy sources: wind, sun and water.
Wind turbines. Not the most effective way of generating energy for the following reason: it is difficult to forecast the wind’s behavior even in a span of a week, because the strength, direction and duration of wind is changing all the time.
Solar panels. In terms of performance the sun is close to atomic energy, though it has variable quality as well. Desert stationed farms have great chances.
Hydropower. The most stable and effective energy source from a practical and economic standpoint. The energy production at a hydroelectric station goes on 24/7, regardless of what Mother Nature has in mind.
Eco-mining is thriving in many countries.
— Iceland has one the most famous mining farms, Genesis Mining Enigma, which operates solely on geothermal energy — the power produced by undercurrents.
— Canada uses the heat from ASIC-miners. The excess heat warms up water, which is then used to breed fish and grow plants in greenhouses. Another part of the energy goes into general heating, which has lowered its cost.
— In Texas, USA, an independent power network failed due to severe frost. Electricity started to malfunction, which led to the decision to resort to wind and solar energy. There turned out to be so much of it, that miners began buying off the surplus.
The conversation on bitcoin mining will go on until “green mining” becomes universal. We at Minto have set up an environment-friendly way of mining long before the start of this discussion, which is why now we provide you daily with bitcoins mined with the use of hydrogenation.
#minto_eco
His statement spiraled into a discussion about how clean mining is in general. Experts joined the debate, messages like: “Bitcoin alone consumes more electricity than a midsize country in Europe” began appearing more often.
Unpleasant fact: cryptocurrency does harm the environment. Each energy consumer leaves a “carbon footprint”, because mining requires a lot of electricity*.
*Same is true for any other global industry like, for instance, gold mining.
Another unpleasant fact: so much electricity is required, that quite often its cost outgrows the income made from mining. Hence, miners try to use cheap energy sources. For example, most Chinese mining farms used to locate at coal-fired power plants. The emissions were creating a greenhouse effect, accelerating climate change.
These two facts even prior to Musk’s statement lead to the search for alternative solutions and the emergence of “green” or eco-mining.
Eco-mining is using renewable energy sources: wind, sun and water.
Wind turbines. Not the most effective way of generating energy for the following reason: it is difficult to forecast the wind’s behavior even in a span of a week, because the strength, direction and duration of wind is changing all the time.
Solar panels. In terms of performance the sun is close to atomic energy, though it has variable quality as well. Desert stationed farms have great chances.
Hydropower. The most stable and effective energy source from a practical and economic standpoint. The energy production at a hydroelectric station goes on 24/7, regardless of what Mother Nature has in mind.
Eco-mining is thriving in many countries.
— Iceland has one the most famous mining farms, Genesis Mining Enigma, which operates solely on geothermal energy — the power produced by undercurrents.
— Canada uses the heat from ASIC-miners. The excess heat warms up water, which is then used to breed fish and grow plants in greenhouses. Another part of the energy goes into general heating, which has lowered its cost.
— In Texas, USA, an independent power network failed due to severe frost. Electricity started to malfunction, which led to the decision to resort to wind and solar energy. There turned out to be so much of it, that miners began buying off the surplus.
The conversation on bitcoin mining will go on until “green mining” becomes universal. We at Minto have set up an environment-friendly way of mining long before the start of this discussion, which is why now we provide you daily with bitcoins mined with the use of hydrogenation.
#minto_eco
Hey! We are Minto — a Bitcoin mining platform.
Mining is simple. Don't you believe it? Try to mine with us!
We've removed all the unnecessary steps. To mine BTC, all you need is to buy and stake our BTCMT token, that equals a unit of Bitcoin mining power.
Our token is secured by actively operating equipment. To make it work we use renewable energy sources with a neutral carbon footprint.
Visit our website and learn more about our project!
AND! Don’t forget to explore our Telegram channel. There are a lot of interesting things to see!
Navigation will help you:
#minto_news — updates and news
#minto_education — educational posts
#minto_fun — just for fun
#minto_eco — about environment in relation to mining
#minto_about — about the project
#minto_contest — giveaways and airdrops
#minto_newbies — for crypto beginners
#minto_events — events we take part in
Mining is simple. Don't you believe it? Try to mine with us!
We've removed all the unnecessary steps. To mine BTC, all you need is to buy and stake our BTCMT token, that equals a unit of Bitcoin mining power.
Our token is secured by actively operating equipment. To make it work we use renewable energy sources with a neutral carbon footprint.
Visit our website and learn more about our project!
AND! Don’t forget to explore our Telegram channel. There are a lot of interesting things to see!
Navigation will help you:
#minto_news — updates and news
#minto_education — educational posts
#minto_fun — just for fun
#minto_eco — about environment in relation to mining
#minto_about — about the project
#minto_contest — giveaways and airdrops
#minto_newbies — for crypto beginners
#minto_events — events we take part in
Then the industrial revolution happened and we began using fossil fuels, causing irreparable damage to the climate in the process.
To support the environment, Minto uses solely renewable energy. Our data center is located next to a hydroelectric plant. We see a number of advantages to having water as our power source:
🌱 Our work does not produce harmful emissions of carbon dioxide, sulfur dioxide, nitrogen oxide or any other particles.
🌱 Hydropower is the most flexible electricity source. We can easily adjust the energy amount and adapt to the changing needs.
🌱 Hydroelectric stations have a long economic life.
🌱 Water power is cheap. Firstly, because it’s renewable. Secondly, because hydroelectric stations are easy to operate and require far less staff resources than, say, a thermal power plant.
🌱 Water dams often become tourist attractions. You should see the view at our HPP!
You could pay no mind to a project’s efforts towards protecting the environment. Or you could take a conscious approach and support the projects that aim to minimize environmental damage.
The choice is yours.
#minto_eco
To support the environment, Minto uses solely renewable energy. Our data center is located next to a hydroelectric plant. We see a number of advantages to having water as our power source:
🌱 Our work does not produce harmful emissions of carbon dioxide, sulfur dioxide, nitrogen oxide or any other particles.
🌱 Hydropower is the most flexible electricity source. We can easily adjust the energy amount and adapt to the changing needs.
🌱 Hydroelectric stations have a long economic life.
🌱 Water power is cheap. Firstly, because it’s renewable. Secondly, because hydroelectric stations are easy to operate and require far less staff resources than, say, a thermal power plant.
🌱 Water dams often become tourist attractions. You should see the view at our HPP!
You could pay no mind to a project’s efforts towards protecting the environment. Or you could take a conscious approach and support the projects that aim to minimize environmental damage.
The choice is yours.
#minto_eco
— The White House Office of Science and Technology Policy threatened to ban bitcoin mining due to its unsustainability. Their report calls for miners to reduce greenhouse gas emissions. The US Environmental Protection Agency, the Department of Energy and other federal agencies are promised to come to their aid.
— Green blockchain project GRNGrid secured a $50 million investment. The L1-blockchain from GRNGrid has been touted as highly scalable and ecologically pure. Users can choose nodes that run solely on renewable energy sources for their transactions verification.
— A town in Norway is waging war on bitcoin miners. Locals are fed up with the noise made by the farm. Complaints arose regardless of the fact that the company creates jobs and utilizes the heat generated by mining equipment for its purposes.
— Environmental scientists claim: bitcoin needs to switch to the PoS algorithm. The Environmental Working Group announced the launch of a $1 million ad campaign to push bitcoin to change their consensus algorithm from Proof-of-Work to Proof-of-Stake.
#minto_eco
— Green blockchain project GRNGrid secured a $50 million investment. The L1-blockchain from GRNGrid has been touted as highly scalable and ecologically pure. Users can choose nodes that run solely on renewable energy sources for their transactions verification.
— A town in Norway is waging war on bitcoin miners. Locals are fed up with the noise made by the farm. Complaints arose regardless of the fact that the company creates jobs and utilizes the heat generated by mining equipment for its purposes.
— Environmental scientists claim: bitcoin needs to switch to the PoS algorithm. The Environmental Working Group announced the launch of a $1 million ad campaign to push bitcoin to change their consensus algorithm from Proof-of-Work to Proof-of-Stake.
#minto_eco
Let’s remember the difference:
⛏ PoW — miners compete with miners to create new blocks and earn rewards, which requires extensive hardware, uses a lot of electricity, and not sustainable.
👛 PoS — validators secure the network by staking ETH. This way, it consumes less energy to create new blocks and earn rewards. 99.95% less, to be precise.
Prior to the Merge, Ethereum was doing up to 900 billion calculations per second. That is not needed anymore, which means drastic reduce of energy consumption and carbon dioxide emissions.
So, apart of cutting the environmental impact, being one of the greenest chains means that:
- The entire NFT will benefit from The Merge by eliminating one of the most serious arguments against it.
- Now institutional investors may be more open to crypto as its ecological issue seems solvable.
- Ethereum confirms its the world’s second most valuable cryptocurrency title.
Could Ethereum become the first? We’ll see.
#minto_eco
⛏ PoW — miners compete with miners to create new blocks and earn rewards, which requires extensive hardware, uses a lot of electricity, and not sustainable.
👛 PoS — validators secure the network by staking ETH. This way, it consumes less energy to create new blocks and earn rewards. 99.95% less, to be precise.
Prior to the Merge, Ethereum was doing up to 900 billion calculations per second. That is not needed anymore, which means drastic reduce of energy consumption and carbon dioxide emissions.
So, apart of cutting the environmental impact, being one of the greenest chains means that:
- The entire NFT will benefit from The Merge by eliminating one of the most serious arguments against it.
- Now institutional investors may be more open to crypto as its ecological issue seems solvable.
- Ethereum confirms its the world’s second most valuable cryptocurrency title.
Could Ethereum become the first? We’ll see.
#minto_eco
We often hear that cryptocurrency mining is a real environmental catastrophe. These issues do exist, but that statement doesn't accurately describe us.
Mining requires significant computational resources and, consequently, electricity. We understand the importance of environmental responsibility. To support the environment, Minto uses solely renewable energy. Our data center is located next to a hydroelectric plant.
Our work does not produce harmful emissions of carbon dioxide, sulfur dioxide, nitrogen oxide or any other particles. We can also easily adjust the amount of energy and adapt to the changing needs, since hydropower is the most flexible source of electricity.
Minto optimizes energy consumption. We aim to ensure that our operations not only bring benefits but also minimize the environmental footprint.
#minto_eco
Mining requires significant computational resources and, consequently, electricity. We understand the importance of environmental responsibility. To support the environment, Minto uses solely renewable energy. Our data center is located next to a hydroelectric plant.
Our work does not produce harmful emissions of carbon dioxide, sulfur dioxide, nitrogen oxide or any other particles. We can also easily adjust the amount of energy and adapt to the changing needs, since hydropower is the most flexible source of electricity.
Minto optimizes energy consumption. We aim to ensure that our operations not only bring benefits but also minimize the environmental footprint.
#minto_eco