The world is really concerned about the environment and the amount of energy crypto mining takes is becoming a big concern. There are claims that bitcoin mining takes more energy than some small countries. This type of news doesn’t fly well with many people because they feel that if Bitcoin had more adoption, the problem would be even worse.
It is possible that as stronger laws are made to protect the environment, mining facilities could face problems. Spotcoin is coming up with a way to not face this problem even if the future holds strong energy saving laws.
Spotcoin will be using multiple avenues to generate revenue, one of the companies streams of revenue is generated from cryptocurrency mining. Cryptocurrency mining is one of the more secure methods of generating revenue in the cryptocurrency economy. Even though, cryptocurrency mining comes with a lower risk, it still does have potential for generating large amounts of wealth.
Clean Crypto Mining
So far, Spotcoin has plans of creating a large, $3.5 million cryptocurrency mining facility. The company is working on creating a new facility that will use a total processing power of 4500 GPUs, and this facility will still have more storage space leftover for another 4500 GPUs, which the company plans on utilizing as soon as they get more funding. The company’s mining facility is good because it can be doubled in size in the future. What makes it even better is the fact it is based on green energy.
People like Elon Musk have been stressing the importance of green energy for powering as many things as possible. Spotcoin is going to use green energy for powering one of the most energy intensive things. Green energy for crypto mining won’t lower the amount of energy need but it will make sure that crypto isn’t the cause of polluting the environment. Making crypto environmentally friendly makes sure governments don’t make laws against mining in the future. Even if such laws come out, Spotcoin will be safe because it is already going to avoid pollution.
There are a few concerns with the cryptocurrency mining industry. I mentioned earlier that cryptocurrency mining is low risk, but there is still some risk involved. Mining cryptocurrencies requires a lot of equipment and this equipment needs to be looked after and maintained otherwise the whole mining operation will collapse. However, with a skilled team, Spotcoin should not face this concern.
Want More Information?
Website: https://spotcoin.com/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3173859.0
Whitepaper: https://spotcoin.com/whitepaper.pdf
Telegram: https://t.me/spotcointeam
Facebook: https://t.me/spotcointeam
Steemit: https://steemit.com/@spotcoin
Reddit: https://www.reddit.com/r/Spotcoin/
Twitter: https://twitter.com/therealspotcoin
Author: https://bitcointalk.org/index.php?action=profile;u=2127077
Telegram: @SunnyFang
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This post has received a 13.04 % upvote from @boomerang.
Thanks
There has been alot of negative talk recently concerning the environmental impact of crypto mining. Its great to see a project tackle a very real problem of crypto.
Thanks