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RE: How to own Energy anywhere in the world?
This is a really interesting idea to generate electricity through waste incineration and mine coins. The miners are always accused of the great waste of energy, if the electricity is now produced by waste incineration, which will hopefully mute some critics :-) Thanks for the article, really very interesting
Which also means electricity companies and government agencies won't accuse blockchain miners of using too much energy and also not following the green computing guidelines.
Yeah, if you haven't already should check out the average electric that BTC uses for a single transaction, last time I looked it was the equivalent of 34 US households, insane. Hopefully 4NEW will help with this.
I agree with you. Token mining consuming lot of energy and this could have been big issue in future. But 4NEW team came up with solution which will solve 2 issues at same time. Tonnes of waste will be removed and energy will be created.