Both consumers and professionals in the currency can buy encrypted mining equipment. The drawback, however, is that these technologies require high energy costs. Which made Cointed, the largest provider of Bitcoin ATMs in the world, looking to find more sustainable ways to generate currency. One of the most prominent of these methods is green mining, which will be the subject of this article.

Cointed company is working on green mining to reduce energy costs

Bridging the gap between the real world and encrypted

By harnessing both hydropower and wind, Cointed pursued the field of "green mining" by relying on its machines in both Austria and Sweden. These mining machines are designed specifically for optimum cooling, in order to minimize maintenance (replacements that are normally found in GPUs are replaced with heat exchangers). The client is also the owner of the devices. According to the company, which proves that it is possible to operate these machines relying solely on renewable energy without losing performance, Cointed is ahead of the rest of the world encoded in this initiative, in the hope that others will follow suit.

Cointed not only provides mining equipment and ATMs (70 machines in four European countries), it also "bridges the gap between the real and encrypted world", making it easier for traders to exchange currency for a currency. Users can take advantage of the Cointed site to buy and exchange encrypted currency, at much lower prices and with much higher security levels compared to other providers. Cointed's white paper also states that it offers payment solutions that can be "integrated into online shops" by creating special bank cards in encrypted currency, which will soon be accepted in an easier way with Visa credit cards and that are "in the final stages of obtaining a banking license."

Openness and transparency

Detailed information on Cointed's work and a map is made publicly available in a transparent report. Clients can find everything they need to know about the business model and the Cointed team, and how operations are split between multiple countries (Hong Kong, Switzerland, Austria, Turkey, Sweden and more). The above report is presented personally by Cointed's main team, consisting of: Wolfgang Thaler, Christopher Rieder, Charlie Aho and Daniil Orlov. All of them share decades of experience in information technology and encryption, which can ensure smooth and exciting developments for Cointed.

After the initial presentation of the currency and the installation of several ATMs, Cointed plans to succeed in joining MasterCard and Visa.

Cointed already has 15,000 active users of its currency exchange system. It is specifically designed to be user-friendly even for the weaker traders with a level of experience, allowing customization of the interface based on client priorities.

Among the other attractive features of Cointed is the ability granted to its users to vote on their business decisions. Meaning that the CTD holders (regardless of the small amount of their shares) available on a verified account will be eligible to vote (on issues such as any encrypted currency to be provided on the platform) and to improve democracy and transparency in the organization in general. "