How is the future of blockchain mining linked to renewable solar energy?

in #mining6 years ago

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It is obvious that the temperature of our planet is rising, thanks to effects like climate change, the constant increase in the CO2 level, and global warming. The concentration of Co2 (Carbon Dioxide) in our environment has increased by nearly 34% in the last 60 years or so. This is a very serious issue to think about. If the temperature of the Earth keeps rising at the same rate, the life, as we see today, might not last for many more years.

The common cause of global warming or an increase in the Earth’s temperature is the high production and use of traditional energy sources like coal and gas. The consumption of energy has increased a lot in the past decades, which has effectively encouraged global warming. As a solution, the world’s government are now focusing on enhancing the production and use of clean energy sources like the Sun.

Blockchain mining, which seems like a profitable deal to many, is also one of the major causes of global warming. Do not believe us? Check the statics. According to a research report, the power consumed by blockchain mining in a year is more than the power used by over 50 small countries combined. This is a lot of power, and the consumption of so much power every year definitely puts our environment at risk.

So, what’s the solution?

Well, the obvious solution is to encourage the production and use of clean energy. Clean or renewable energy is what generated from renewable sources like the air or the water or the Sun. This kind of energy is renewable and do not have any significant adverse impacts on the environment. So, it’s a win-win situation for all. Therefore, the governments and organizations around the world are presently focusing on increasing the investment scenarios for the clean energy sector with the target to minimize global warming effects.

The blockchain industry can (and should) also play an important role in all this. Since a major part of the annual energy consumption around the globe is being contributed by blockchain mining, it is time that the use of clean solar energy is promoted in this sector as well.

There are numerous benefits of the use of solar energy for blockchain mining. Besides reducing the power consumption significantly, it will also reduce the overall cost of mining and speed up the process. In fact, there are some projects already working in that direction.

Pieta is a first-of-its-kind blockchain project that encourages crypto mining with the use of solar power. The Pieta token sale is being held presently with the purpose to raise funds, which will be used for establishing clean energy power plants around the world. The reason why this is a realistic project is that the expansion and mass adoption of blockchain technology is greatly limited by the high cost of mining, which is mostly because of high energy consumption. 

Besides the obvious harmful effects on the environment, this is also limiting the worldwide adoption of this wonderful technology. The Pieta project aims to make blockchain mining more affordable, profitable and eco-friendly with the use of solar energy power sources.

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