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RE: How To Mine Crypto Using The Power of the Sun.

in #freedom7 years ago

Now THAT is a resourceful way to mine! I've been thinking alot about the environmental implications of the crypto-phenomenon... Mining farms sucking up boat loads of electricity solely to create an invisible currency that's worth LOADS of money.... for this reason I have been looking towards Proof of Stake style Cryptos like CLOAKcoin and Mintcoin that move away from the traditional coin creation process of mining.

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Yes, I see this becoming a problem when crypto goes mainstream.

I shall look into cloak and mint, sounds interesting.

Thanks for the feedback.

Bless.

MINT was the first one that created the Proof of Stake but it's rather irrelevant now. CLOAK adopted the Proof of Stake concept AND also works as an Anonymous network of transactions. They plan on open-sourcing their 'Enigma' project in December which could give it a price jump in the near future... we shall see

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