When it comes to the talk about a new evolution in the world of cryptocurrency especially cryptocurrency mining whereby individuals aid or influence cryptocurrency transactions online by the use of an algorithm in confirming and verifying transactions that are transacted within cryptocurrency networks, then it is Future Energy. Future Energy project aiming at a total change of how energy is being consumed by miners in the cryptocurrency mining world is the right needed influence the cryptocurrency world lacked.
Ever since the discovery and practicing of cryptocurrency mining, there have also been worries of the amount of energy-electricity used in its operations as the main cost of crypto mining is electricity. The whole set up of mining heavily involves the constant use of electricity as all dater mining are computerized and entail the use of the internet. Aside that is the need for cooling systems and other major electronic diverse which only count on electricity as its mode of power. The dying need for a solution for this great burden of energy consumption when mining leads to the establishment of Future Energy and its tremendous influence in the cryptocurrency world.
What is the influence then? As stated already the founders of Future Energy who saw the disappearance of home mining as it was being gradually replaced with high-performance data centers which consume an enormous amount of energy resources, then decided to come up with a better way on a non-traditional source of renewable electric power with operational component 0. Mining equipment was then placed in mobile modules designed by shipping containers and powered by landfills which are basically free. Landfill gas is a product of the natural decay of solid domestic industrial waste goes through an intensive biochemical breakdown, which causes the generation of biogas called landfill gas (LG). Future Energy makes use of direct combustion of LG for the production of thermal energy and fuel for gas engines to generate electricity and heat. This invention is gradually having a great and massive impact of cryptocurrency mining as energy consumption is not only on the low but also free and eco-friendly and like the traditional sources of energy.
Like in every business everyone sorts out to seek a minimal cost of establishment and derive a good amount of profits so does cryptocurrency miners. The need to cut down energy consumption is always sought and viewed as an opposing factor regarding cryptocurrency mining, hence proving Future Energy are in the right direction of influencing and changing cryptocurrency as it solves the problem of energy-electricity consumption. Future Energy also solves the issue of recycling by providing individuals and establishments with their own renewable source of electricity for their designed mining modules. The method of generating electricity does not only prevent the damage to the environment but also reduces the negative impact of LG hence giving Future Energy electricity for mining with an operational component of 0.
The world of Cryptocurrency mining has indeed been influenced the right direction with the uprising of Future Energy.
Whitepaper: http://icoenergy.org/docs/WP_eng.pdf
Website: http://icoenergy.org
My BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2163464