Green Mining with Cointed and Nvidia

in cryptocurrency •  7 years ago  (edited)

Digital currency mining is certainly an interesting source of income. However, bitcoin mining alone accounts for 0.14% of global energy demand. Covering this need with something other than renewable energy would have a fatal impact on our environment.

Fortunately, more and more mining companies are switching to hydro and wind power plants, as confirmed in the current Bitcoin News.

Europe's larger Bitcoin ATM provider and Crypto-Exchange Cointed is shaking up the 'green' mining industry. In order to be able to offer customers the best possible service, only custom-made hardware and software are used.

Cooperation with Nvidia


The company has pre-ordered 125,000 custom-made GPUs. In co-operation with Nvidia and Zotac these were adjusted particularly to Cointeds needs. 18,000 of them are already assembled in 2,000 rigs of 9 cards each and are fully operational in a Swedish warehouse.

Optimized mining rig


The rigs and GPU cases are tuned for optimal performance. To avoid overheating of the GPUs, the conventional fans were replaced by heatsinks. Bringing the fans onto the chassis for better circulation improves cooling and simplifies maintenance. The motherboards have also been redesigned to work optimally with the other components.

In-house built software


One of the biggest advantages, however, is the software developed in-house. The team programs its own operating system and BIOS to increase performance and make the most of the components.

The customer owns the rigs


The best thing about mining with Cointed is that you own the own rig. The majority of Cointeds mining rigs are owned by the customers themselves. The company takes care of service and maintenance, and only charges a small fee. Whatever the GPUs earn, less this fee is the customer.

CTD token


Cointed is currently holding an ICO campaign to expand the company. The CTD tokens are the only way to use the deals on Cointed. Some of the advantages are:

  • Discounts on ATM fees, software licenses and exchanges
  • Mining: 15% discount on rigs and 5% on hosting fees
  • Access to GPUs with 25% more power and in-house BIOS
  • Discounts on crypto cards
  • PayCo Discounts: 15% POS and 20% lower fees
  • 5% lower hosting fee
  • 15% discount on mining equipment

For more information: www.cointedtoken.com or the white paper

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I prefer proof of capacity that Burst uses. Hard drives use up a small amount of electricity and can be reused, if you stop mining. I hope more coins start using proof of capacity.

Burst According to me was the bast coin in terms of energy saving but the ecosystem was destroyed by some pump and dump schemes,
i don't see even mention of Burst now a days.

feel sorry that it had all one needs but didn't succeed at all, hope in future burst will earn back its righteous place.

Perhaps you should take another look? There's a new group working on it, they definitely don't seem to be pump and dumpers. This is a good place to read what's been happening in the past few months https://www.burstcoin.ist/

Great news it is always good to save the environment so that we can live healthily in this world
Thanks bro

Thanks

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Who do you think the winner is?
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I still think the electricity utilization will be the death of bitcoin. It is just becoming less and less economical. Let alone the transactions speed being so slow

Yes the electricity part is ridiculous

Discounts on ATM,how?

Great.. Environment friendly news.. now we breath fresh air..

Getting of the grid and producing your own electricity from renewable energy sources like the sun and the wind must be the right path for digital currency mining.

For all those that tried hardcore crypto-mining like me and it kinda didn't work for them say I.

hi guys..please also follow me..thank you :)