Nowadays the usage of blockchain technology gives various opportunities to the mankind to create digital assets. When cryptocurrencies had been introduced to the market, they were mined even by novices. The crypto world was discovered by the majority of digital currency users due to the mining process undertaking. But tendency has been changed and today’s sphere of crypto mining is more popular among entrepreneurs and investors.
The process of mining requires the following sources: electricity, space and engineering skills. Therefore mining can occur to be less profitable or even problematic for novices. It should be mentioned, that quite often the mining facilities are not environmentally friendly. It is another challenge to be solved.
Global concerns of cryptocurrency mining
At the moment each Bitcoin transaction consumes as much energy as 29 houses in one day. It is obvious that the energy consumption will grow. The Electrominer project developers consider that alternative energy usage will help reduce carbon emissions to zero. The problem of global warming has a huge impact on the environment and the project is aimed to become a part of the solution of this huge problem.
Electrominer is planning to create its own solar energy generation plant to minimize energy expenses and to reduce negative impact of mining on environment. As an additional feature the project suggests easy-in-use cloud mining platform. Users can rent platform’s hashing power to mine digital coins. Electrominer team will provide technical support for these users. Novices and professional miners will be satisfied with various options offered by the system.
How it works
Usage of the platform can bring an exciting experience. The mining process is simplified and only a few steps are needed to be done in order to begin it.
1. In order to access the platform user is required to buy Electrominer Tokens (ELM) and to verify the Ethereum wallet.
2. Members of the platform will have to purchase an annual membership subscription.
3. Users are required to have some crypto-funds on their mining balance in order to rent hashing capacity.
4. There will be a great variety of coins available for mining by the platform members. The system will provide users with updated information about each mineable coin.
5. When user takes the decision to mine coins, he may start mining setting the hashrate limit.
6. The final step for the user is to be rewarded by the system. Mined coins will be transferred directly to the user’s wallet.
Token Sale Plan
The advent of blockchain technology has resulted in various digital opportunities. The process of the Internet evolution requires a great amount of computing power. Simultaneously with the cryptocurrency boom, the industry of solar energy is on the rise. The Electrominer platform founders are planning to set the solar panels in California, USA. This location was chosen after a great research work done by the developers. It is an important step to choose the right place, where solar generation equipment will be used in a full capacity. Currently the government of California motivates local business ventures to use solar energy offering tax incentives. It should be added, that the key idea of the project is to help the growing industry stay environment friendly. Therefore, the project is worth of our attention.
Links:
Website: https://electrominer.io
WhitePaper: https://electrominer.io/docs/white_paper.pdf
Telegram: https://t.me/electrominer
Facebook: https://www.facebook.com/electrominerITO/
Twitter: https://twitter.com/electrominerITO
Medium: https://medium.com/electrominer-journal
ANN: https://bit.ly/2NeGoZD
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.