Self-Expanding Crypto Mining Infrastructure using green energy: Get to know ENVION
As you may know, several cryptocurrencies nowadays use Proof-of-work (POW) protocols, where you have to spend energy to mine new coins and support the existing transactions. This often uses lots of GPUs and consequently quite a lot of electricity.
Many people are asking theirselves if there's a way to use cleaner sources of energy (like the wind and the sun for example) to optimize mining facilities.
And of course, many other questions arise when we think about the subject:
- How to optimize power consumption for mining?
- How to make facilities easy to scale up with low costs?
- How can I utilize the otcomes of this energy production (e.g heat produced) to add value to my envinroment?
These and many others are questions that vaporize when we think about the original model created by Envion.
Quite nice graphics!
Their First generation mining unit was ready in 2015 and they want to go full-mode on mass production in 2018.
They can reproduce these containers full of mining power quite fast and for the video you can see that the plan is to expand all around the world and not only in the region of Europe.
Their main website also contains a ROI calculator where you can check how long it'll take for your investment to return and how it may grow with time.
They claim that a $8,000 USD investment can give a total return of $141,645 USD in 5-year time. With a projection of 161% each year.
The mining facilities use a mix of their own system called Envion OS and Linux. (you know it's much safer than windows!), all of it has cooling optimization and is easily scalable!
They also have great security system for the containers and even a DDoS mitigation to protect their servers.
Make sure to check their ann on bitcointalk, follow them on Twitter and of course check their whitepaper to learn more about the project.
Remember: always do your own research and never invest more than you can afford to loose!
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Thank you for the information and knowledge
I think their project is not legitimate. Better watch out guys
do you have more info on that?
Do you have more info?
I don´t see the use of this concept. Putting 100 000$ in a container, just so it´s mobile. No one on site to solve problems with hardware. They said on bitcointalk, they want to educate local people for maintenance. I do not see any good come out of this project. Now with the ICO has started and they send email about a rich investor family from Hong Kong that invested millions. All sounds very fishy. I think they have real people doing stuff, but they fail the mining and crypto expertise. If you want more info go to the bitcointalk tread
Congrats with this quality article. Envion is a good project but i can't say same thing for their community and bounty management. They should be more fair and stop stealing somebody's labor.