Most people live their lives and rarely think about the consequences of their life, hoping for their complete absence or some other fact that allows to exclude their appearance. But alas, the reality is that absolutely every action has a consequence. It does not matter whether this action is positive or extremely negative. Everything has consequences. Moreover, they are particularly acute at the time of maximum accumulation, the actions of which hide or notice is no longer possible. To this ideology can be attributed absolutely all existing processes in our world. But today we will talk about only one direction, which also has its own cause and effect.

And as you might guess, from the subject of my blog, this review will concern the crypto-currency industry, namely the mining industry with which all existing cryptocurrencies are mined in the world. The topic is actually very interesting and has its own level of responsibility, so as to produce one cryptomonad little high-tech equipment, also required electricity with the help of which and will be the entire cycle of the transaction on the extraction data amount of cryptocoins.

Problems

In fact, there is no problem in this as such, but the means by which the same electricity is produced and consumed in huge quantities are there. After all, as far as You know there are several sources of electricity production in the world, affecting both renewable and non-renewable energy sources. And to my deep regret, the priority of many countries and States is still dominated by non-renewable energy sources in the production of electricity. These can easily include minerals such as coal and gas. Moreover, the problem of their operation lies no longer in the process of their use, but rather in their post products, released after the process of operation. Most of which in turn have too negative an impact on our entire environment. And given the fact that every year the amount of electricity consumed is only growing, and the negative decay products from non-renewable energy sources will be more and more.

To get you a little deeper into the essence of the process, I will give you only a small statistics of the data, where after the study, the group of scientists calculated the amount of electricity consumed for mining only Bitcoin. The amount of energy consumed for bitcoin mining amounted to almost 2.6 gigawatts of electricity per year. Which is commensurate with the electricity consumption of the whole of Ireland (3.1 gigawatts) per year. And now remember how many cryptocurrencies have appeared over the past few years?! If I remember correctly, their number has long exceeded two thousand pieces, which in turn leads to a huge amount of electricity consumption for their mining around the world.

But it does not say, the topic of harmful emissions from non-renewable sources of energy is not the only one. As the growth, the cryptocurrency environment has gradually formed its circle of problems, which from year to year only increases. At the top of this list is such an important item in the mining industry as the cost of the same electricity. Yes, its price also has a very strong impact on the development of the entire cryptographic space, as over the past few years it has increased by almost 700%. And this, I want you say, not small money! This issue of rising prices was particularly acute in 2018, when there was a General decline in prices in the cryptocurrency market and the value of Bitcoin slipped to 3000 us dollars. It was at that moment that many miners grabbed their heads and were ready to wind down all their mining farms, as the cost of mining Bitcoin exceeded revenues.

Naturally, in order to prevent such situations in the future, it is necessary to come up with an alternative that allows not only to reduce current electricity costs, but also to change the principle of its production, making this process more environmentally friendly and safe for the entire environment. And as you may have guessed, according to such a long Preface, the solution to these problems is already there! It is about them that we will talk further.

Project and its features

The project I want to tell you about is called –Pieta–. The main objective of the project is the large-scale introduction of renewable energy sources, which will form a new cost-effective profit model, both for miners and for a wide audience of users. To do this, the founders of the project have developed a unique blockchain ecosystem (Pieta) within which a new stream of renewable solar energy will be generated. This decision will allow the entire ecosystem Pieta to be not only a pioneer in this direction, but also to establish an economically sustainable environment with all socially fair indicators.

For the implementation of all the above factors, the team of experts, developed a unique X20 algorithm, which is capable of lightning-fast transaction in all areas of the transaction, and accompany them maximum safety and future operational profitability.

Advantages

In fact, the choice in the direction of solar renewable energy fell by chance:
*First, it is green energy, which humanity has already learned to exploit.

• Secondly, its application at the current stage of development of the blockchain industry will quickly switch the existing volumes of the mining environment to a new type of energy. Now it will happen much faster and more budget than later, when the whole industry will gain all its power in the technical and mining character.
• Third, it is one of the cheapest renewable energy sources these days.
• AND, fourth, the low cost of energy will prevent the formation of oligarchic cryptocurrency farms, revealing the potential of the mining industry to all comers.

Moreover, the developed algorithms X20 have clear advantages in front of the main functions of other blockchain structures. The main indicators of which allow you to easily reduce the size of the generated block to 2 MB and reduce the processing time of such a block as much as 20 seconds. At the same time, the speed of simultaneous hash checking, in real time, can easily reach 20 rounds, which is naturally faster than all existing processing systems by 20 times! This phenomenon is able to make a qualitative breakthrough in the entire mining industry, as well as become the basis for a new mining community.

Conclusion

It is important to note that the founders of the project are active partners, through which they will have the opportunity to successfully implement all their plans, as well as to have the most energy-efficient equipment in the cryptographic space. As for the location of their solar farms, they will be in Africa, where more than 300 days a year the sun shines.

Naturally, the idea and concept Of pieta ecosystem is multifaceted and unique. After all, you will agree that you do not often meet such projects, whose principle of operation affects at the same time such broad aspects of our life. Taking into account such important indicators as: environmental protection, energy conservation and accessibility for the General population. Read more information about Pieta you can through a selection of their official resources, links which are waiting for you at the end of this article. *** Thank you for your attention and good Luck!***

Official resources of the project Pieta:

WEBSITE: https://pieta.network/
TELEGRAM: https://t.me/pietacoin
WHITEPAPER: https://pieta.network/WhitePaper.pdf
BITCOINTALK: https://bitcointalk.org/index.php?topic=5125926.0
FACEBOOK: https://www.facebook.com/Pietacoin/
TWITTER: https://twitter.com/pietacoin
MEDIUM: https://medium.com/@pietacoin
LINKEDIN: https://www.linkedin.com/in/pieta-coin-308ab0179/
INSTAGRAM: https://www.instagram.com/pietacoin/
YOUTUBE: https://www.youtube.com/channel/UCNCcxW9MwZc6UFqdPhuBkAg

AUTHORSHIP:
MY BITCOINTALK USERNAME: klimenok1991
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1238493
MY ETH ADDRESS: 0x90051516FC3451D7bF1b5e7D0A4486757FC81C32
UNIQUENESS 100%: https://text.ru/antiplagiat/5d681a096dd6a