Envion ICO – Decentralized Mobile Crypto Mining Units Directly at Energy Source!
Today we shall be looking at the Envion ICO and what exactly they are offering to the table.
The best way to start as always is by taking a look at their white paper, so here is some important points from the introduction section:
When cryptomining was still in its infancy, it was well distributed among a couple of thousand private miners, governed by transparent rules and not harmful to the climate because its energy requirements were microscopic.
All that has changed: the exponential growth of cryptocurrencies has led to a dramatic increase in the sector’s energy consumption and a concentration of mining activities in countries with low social and environmental standards – where electricity is produced using predominantly fossil fuels.
Even worse, the concentration of mining power in the hands of a couple of large corporations is distorting the formerly democratic decision-making process in these networks: changes in protocols and hard forks are in danger of being influenced by the economic interests of a few.
So Envion intend to tackle the centralization issue of what was supposed to be a decentralized economic system, thats a good start, let’s continue:
Envion has developed a system of Mobile Mining Units (MMUs) that can tap electricity directly at the source: at hydro, solar, wind and fossil power plants in every corner of the planet.
As well as tackling the decentralization issue related to Crypto mining Envion appear to be tackling the energy consumption issue to a degree. These mobile units are designed to be easily transported and can be parked right next to a solar farm, wind farm and any other form of renewable energy source. In a time when cryptocurrency proof of work mining is coming under more and more scrutiny everyday for it’s mass energy consumption this could be a step in the right direction.
The flexibility of the MMU system helps us to fuse two of the most important sectors of the 21st century: blockchain technology and renewable energies. Using the dynamics of exponential growth for both, we promote climate preservation and the welfare of our token holders. It is the physical incarnation of the blockchain spirit: a robust and decentralized system that can withstand disruptions in government policies, price structures and the energy supply.
Well, so far so good. They’ve ticked all our boxes as far as a viable business plan goes.