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Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech.
#energy #saudiarabia #Web3
#energy #saudiarabia #Web3
Rising interest rates weigh on technology stocks, while energy stocks rise against the trend.😍
Unsurprisingly, tech and interest rate sensitive stocks performed the past week on the dramatic blow out in rates, and energy was the lone positive sector with oil futures up a whopping 20% from their late June lows. The combination of sticky inflationary pressures, further, oil production cuts from Saudia Arabia and OPEC+ countries, and record lows in the US's Strategic Petroleum Reserve (SPR) have fueled the move in crude, with the squeeze likely to continue in the near future.
#stock #energy #inflation #SaudiArabia #OPEC
Unsurprisingly, tech and interest rate sensitive stocks performed the past week on the dramatic blow out in rates, and energy was the lone positive sector with oil futures up a whopping 20% from their late June lows. The combination of sticky inflationary pressures, further, oil production cuts from Saudia Arabia and OPEC+ countries, and record lows in the US's Strategic Petroleum Reserve (SPR) have fueled the move in crude, with the squeeze likely to continue in the near future.
#stock #energy #inflation #SaudiArabia #OPEC
Renewable Energy Initiatives: In response to these concerns, efforts are being made to promote the use of renewable energy in mining operations. Some mining farms are exploring options to shift to renewable energy sources such as solar or hydroelectric power. Additionally, there are initiatives to develop greener cryptocurrencies or more energy-efficient consensus mechanisms to reduce environmental impact. #energy #green #crypto2023
ANALYSIS: Pre-transition, #Ethereum = Switzerland's energy usage. Post-transition, Ethereum = raspberry-sized energy usage, as per University of Cambridge research. #bitcoin = skyscraper-like energy consumption.
#BTC #energy #crypto2023
#BTC #energy #crypto2023
- Researchers Juan Ignacio Ibañez and Alexander Freier propose that #Bitcoin #mining could facilitate the shift to #renewable #energy sources.
- The energy-intensive nature of #cryptocurrency mining could incentivize the adoption of eco-friendly power solutions.
- This transition to renewables driven by Bitcoin mining could contribute to global sustainability efforts.
$BTC $ETH $BNB
- The energy-intensive nature of #cryptocurrency mining could incentivize the adoption of eco-friendly power solutions.
- This transition to renewables driven by Bitcoin mining could contribute to global sustainability efforts.
$BTC $ETH $BNB
As of May 2023, Coin Metrics estimates 🪙Bitcoin network total power draw at roughly 13.4 gigawatts (GW), or about 16% less than Cambridge University’s estimate of 15.9 GW. This also puts 🪙Bitcoin in the vicinity of 1/10th of 1 percent of global energy use.
#bitcoin #BTC #energyuse #energy
#bitcoin #BTC #energyuse #energy
Balancing Profits and the Planet: Addressing the Environmental Impact of Crypto Mining
key points
Crypto mining requires a significant amount of energy and has a high carbon footprint.
The production and disposal of mining hardware also contribute to the environmental impact of crypto mining.
Switching to renewable energy sources, developing more efficient hardware and algorithms, and exploring the use of waste heat are strategies to reduce the environmental impact of crypto mining.
Prioritizing sustainability is essential for the crypto industry to continue to grow without sacrificing the planet's health.
In recent years, the rise of cryptocurrencies like Bitcoin and Ethereum has captured the attention of investors and traders worldwide. However, this surge in demand has come with a significant environmental cost, as crypto mining is notorious for its high energy consumption and carbon footprint. As the world becomes more conscious of the need to reduce emissions and combat climate change, there is a growing interest in finding more sustainable solutions for crypto mining.
To understand the environmental impact of crypto mining, it is essential to first understand how it works. Cryptocurrencies are created through a process called mining, which involves using powerful computers to solve complex mathematical equations. These equations are necessary for verifying transactions and adding them to the blockchain, which is the public ledger that records all crypto transactions.
The mining process requires a significant amount of computational power, which in turn requires a lot of energy. In fact, it is estimated that the Bitcoin network alone consumes more electricity than entire countries like Argentina and Norway. This high energy consumption results in a substantial carbon footprint, as most of the world's electricity is generated from fossil fuels.
Moreover, as the demand for cryptocurrencies grows, so does the need for more powerful computers and specialized hardware. This has led to a surge in demand for graphic processing units (GPUs) and application-specific integrated circuits (ASICs), which are used for mining. The production and disposal of these devices also contribute to the environmental impact of crypto mining.
However, there are various approaches to reducing energy consumption and the environmental impact of crypto mining. One strategy is to switch to renewable energy sources, such as solar or wind power, to power mining operations. This would significantly reduce the carbon footprint of mining and make it more sustainable in the long run.
Another strategy is to develop more efficient mining hardware and algorithms that consume less energy. For example, some researchers are exploring the use of proof-of-stake (PoS) algorithms, which require less computational power and energy compared to the current proof-of-work (PoW) algorithm used in Bitcoin and many other cryptocurrencies.
Furthermore, some mining companies are exploring the use of waste heat generated by mining operations to heat nearby homes and buildings. This could potentially reduce the energy consumption of both the mining operation and the buildings being heated.
In conclusion, the environmental impact of crypto mining is a growing concern that requires urgent attention. The high energy consumption and carbon footprint of mining operations are not sustainable in the long run, and the industry needs to adopt more sustainable practices. Strategies such as using renewable energy sources, developing more efficient hardware and algorithms, and exploring the use of waste heat can help reduce the environmental impact of crypto mining. It is essential for the industry to prioritize sustainability to ensure that cryptocurrencies can continue to grow without sacrificing the planet's health.
#mining #cryptomining #energy #crypto #educational
Photo by Karsten Würth on Unsplash / freepick
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Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Crypto mining requires a significant amount of energy and has a high carbon footprint.
The production and disposal of mining hardware also contribute to the environmental impact of crypto mining.
Switching to renewable energy sources, developing more efficient hardware and algorithms, and exploring the use of waste heat are strategies to reduce the environmental impact of crypto mining.
Prioritizing sustainability is essential for the crypto industry to continue to grow without sacrificing the planet's health.
In recent years, the rise of cryptocurrencies like Bitcoin and Ethereum has captured the attention of investors and traders worldwide. However, this surge in demand has come with a significant environmental cost, as crypto mining is notorious for its high energy consumption and carbon footprint. As the world becomes more conscious of the need to reduce emissions and combat climate change, there is a growing interest in finding more sustainable solutions for crypto mining.
To understand the environmental impact of crypto mining, it is essential to first understand how it works. Cryptocurrencies are created through a process called mining, which involves using powerful computers to solve complex mathematical equations. These equations are necessary for verifying transactions and adding them to the blockchain, which is the public ledger that records all crypto transactions.
The mining process requires a significant amount of computational power, which in turn requires a lot of energy. In fact, it is estimated that the Bitcoin network alone consumes more electricity than entire countries like Argentina and Norway. This high energy consumption results in a substantial carbon footprint, as most of the world's electricity is generated from fossil fuels.
Moreover, as the demand for cryptocurrencies grows, so does the need for more powerful computers and specialized hardware. This has led to a surge in demand for graphic processing units (GPUs) and application-specific integrated circuits (ASICs), which are used for mining. The production and disposal of these devices also contribute to the environmental impact of crypto mining.
However, there are various approaches to reducing energy consumption and the environmental impact of crypto mining. One strategy is to switch to renewable energy sources, such as solar or wind power, to power mining operations. This would significantly reduce the carbon footprint of mining and make it more sustainable in the long run.
Another strategy is to develop more efficient mining hardware and algorithms that consume less energy. For example, some researchers are exploring the use of proof-of-stake (PoS) algorithms, which require less computational power and energy compared to the current proof-of-work (PoW) algorithm used in Bitcoin and many other cryptocurrencies.
Furthermore, some mining companies are exploring the use of waste heat generated by mining operations to heat nearby homes and buildings. This could potentially reduce the energy consumption of both the mining operation and the buildings being heated.
In conclusion, the environmental impact of crypto mining is a growing concern that requires urgent attention. The high energy consumption and carbon footprint of mining operations are not sustainable in the long run, and the industry needs to adopt more sustainable practices. Strategies such as using renewable energy sources, developing more efficient hardware and algorithms, and exploring the use of waste heat can help reduce the environmental impact of crypto mining. It is essential for the industry to prioritize sustainability to ensure that cryptocurrencies can continue to grow without sacrificing the planet's health.
#mining #cryptomining #energy #crypto #educational
Photo by Karsten Würth on Unsplash / freepick
If you enjoy our content and want to show your support, please like, share, and follow us for more high-quality updates.
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Rising interest rates suppress the stock market, with technology stocks leading the drop😿
The higher-for-longer narrative continued to weigh heavily on equities, particularly on high-growth sectors and unprofitable companies. Energy was the only SPX subsector to be in the green yesterday, with Tech (-1%) and consumers (-1.6%) leading the move lower yesterday. Citi's index of "unprofitable tech" index fell by -3.3% yesterday, while the Russell 2000 dropped for the 8th consecutive session to the lowest levels since July.
#interestrates #technology #stock #energy #SPX500
The higher-for-longer narrative continued to weigh heavily on equities, particularly on high-growth sectors and unprofitable companies. Energy was the only SPX subsector to be in the green yesterday, with Tech (-1%) and consumers (-1.6%) leading the move lower yesterday. Citi's index of "unprofitable tech" index fell by -3.3% yesterday, while the Russell 2000 dropped for the 8th consecutive session to the lowest levels since July.
#interestrates #technology #stock #energy #SPX500
1. #Bitcoin mining has the potential to be environmentally friendly and even carbon negative. Methane capture mining is offsetting CO2 emissions, and an investment of $450 million could make the entire process carbon negative.
2. Enterprises like CH4 Capital are leading the charge in green initiatives, injecting funds into methane capture mining to significantly reduce emissions. Miners shifting to #renewable #energy sources and innovative projects contribute to emission reduction.
3. Notable analysts like Willy #Woo and initiatives like CH4 Capital are driving positive change in the perception of Bitcoin mining's environmental impact. Recent studies from respected institutions, such as MIT and KPMG, further support the potential benefits of Bitcoin #mining for the planet.
2. Enterprises like CH4 Capital are leading the charge in green initiatives, injecting funds into methane capture mining to significantly reduce emissions. Miners shifting to #renewable #energy sources and innovative projects contribute to emission reduction.
3. Notable analysts like Willy #Woo and initiatives like CH4 Capital are driving positive change in the perception of Bitcoin mining's environmental impact. Recent studies from respected institutions, such as MIT and KPMG, further support the potential benefits of Bitcoin #mining for the planet.
Crypto and Renewable Energy
#Clean Coins: Exploring Crypto's Contribution to Renewable Energy 🌐 Join the green revolution! Our series delves into the role of crypto in promoting renewable #energy initiatives. Discover how blockchain technology is driving sustainability in the crypto space. Contribute to a cleaner, greener future. #sonaraza #CryptoRenewables #GreenRevolution
An Idea Can Change Your Life, Please make Follow & get Update, Thank you. $DIA $DOCK $DATA
@Elinor Boffa UMN7 @Krystina Gowans Xcwr @Gwen Polovoy nJKO @Onita Kukauskas dBhD @Leanora Pomeroy Kv4s @Kayleen Zambrana WzJQ @Vanna Capellas J7CC @Carroll Ballengee KRz6 @Shae Boushie KYOe @Ermelinda Graffney ocTQ
🙏Thanks For Support Me, Please Follow For Next Update🙏
#Clean Coins: Exploring Crypto's Contribution to Renewable Energy 🌐 Join the green revolution! Our series delves into the role of crypto in promoting renewable #energy initiatives. Discover how blockchain technology is driving sustainability in the crypto space. Contribute to a cleaner, greener future. #sonaraza #CryptoRenewables #GreenRevolution
An Idea Can Change Your Life, Please make Follow & get Update, Thank you. $DIA $DOCK $DATA
@Elinor Boffa UMN7 @Krystina Gowans Xcwr @Gwen Polovoy nJKO @Onita Kukauskas dBhD @Leanora Pomeroy Kv4s @Kayleen Zambrana WzJQ @Vanna Capellas J7CC @Carroll Ballengee KRz6 @Shae Boushie KYOe @Ermelinda Graffney ocTQ
🙏Thanks For Support Me, Please Follow For Next Update🙏
#PERL Price jump with big news in coming days/weeks😍
- #Binance Launchpad
- Carbon Credit Project same vision #elonmusk #energy
- Only on Binance among big Exchange
- Announcement due in March as per Discord channel
- LOW Cap coin below $20M
#crypto2023
- #Binance Launchpad
- Carbon Credit Project same vision #elonmusk #energy
- Only on Binance among big Exchange
- Announcement due in March as per Discord channel
- LOW Cap coin below $20M
#crypto2023
Turkey's Energy Dilemma: Sticking to Coal or Embracing Renewables? ⚡🔋🇹🇷
As Turkey gears up for COP28, the debate intensifies over its commitment to coal phase-out and embrace renewables. Here's a snapshot:
1. Turkey's Coal Reliance (2022):
Despite global renewable trends, 35% of Turkey's electricity came from thermal power plants.
2. Climate Goals vs. Coal Expansion:
Aiming for net-zero emissions by 2053, Turkey develops new coal-fired plants, defying European norms.
3. The Wright Law:
Renewable costs drop with the Wright Law, but coal remains an outlier.
4. Global Context:
Slow coal departure hampers global efforts to meet the Paris Agreement's 1.5-degree target.
5. Financial Pressures:
International banks shy away from coal funding, with 17 Turkish banks pledging against coal investment since 2018.
6. Renewables in Turkey:
Growing wind energy capacity, but solar energy utilization needs enhancement.
7. Expert Perspectives:
Experts stress the need for a decisive shift to renewables, highlighting a clash with long-term climate goals.
8. Economic Benefits:
Transitioning to renewables can enhance economic resilience and reduce dependence on imported fossil fuels.
9. Potential Savings:
Studies indicate significant cost savings with renewables compared to importing fossil fuels.
10. Challenges and Solutions:
Bureaucratic hurdles and legislative unpredictability impede progress. Solutions include incentivizing rooftop solar installations and easing permit processes for renewable projects.
#Turkish #türkiye #Turkey #energy
As Turkey gears up for COP28, the debate intensifies over its commitment to coal phase-out and embrace renewables. Here's a snapshot:
1. Turkey's Coal Reliance (2022):
Despite global renewable trends, 35% of Turkey's electricity came from thermal power plants.
2. Climate Goals vs. Coal Expansion:
Aiming for net-zero emissions by 2053, Turkey develops new coal-fired plants, defying European norms.
3. The Wright Law:
Renewable costs drop with the Wright Law, but coal remains an outlier.
4. Global Context:
Slow coal departure hampers global efforts to meet the Paris Agreement's 1.5-degree target.
5. Financial Pressures:
International banks shy away from coal funding, with 17 Turkish banks pledging against coal investment since 2018.
6. Renewables in Turkey:
Growing wind energy capacity, but solar energy utilization needs enhancement.
7. Expert Perspectives:
Experts stress the need for a decisive shift to renewables, highlighting a clash with long-term climate goals.
8. Economic Benefits:
Transitioning to renewables can enhance economic resilience and reduce dependence on imported fossil fuels.
9. Potential Savings:
Studies indicate significant cost savings with renewables compared to importing fossil fuels.
10. Challenges and Solutions:
Bureaucratic hurdles and legislative unpredictability impede progress. Solutions include incentivizing rooftop solar installations and easing permit processes for renewable projects.
#Turkish #türkiye #Turkey #energy
Turkey's Remarkable Renewable Energy Surge in 2023. ⚡🔋🇹🇷
In a groundbreaking revelation, Energy and Natural Resources Minister Alparslan Bayraktar unveiled Turkey's extraordinary surge in electricity capacity in 2023, with a remarkable 99.5% driven by renewable energy sources.
⚡ Renewable Dominance:
Bayraktar emphasized the monumental shift, with an astonishing 99.5% of the 2,858 megawatt increase in electricity capacity attributed to renewables. This underlines Turkey's commitment to a sustainable energy landscape.
⚡ Carbon Neutrality Goals:
Highlighting a bold pledge to achieve carbon neutrality by 2053, Bayraktar underscored the pivotal role of renewable energy. The total renewable energy capacity now stands at an impressive 59,236 megawatts.
⚡ Energy Transformation:
The energy transformation aligns seamlessly with the 2053 carbon neutrality objectives, positioning renewable energy as the primary driver of this transformative change.
⚡ Production and Capacity Share:
In 2023, Turkey generated 326.3 terawatt-hours of electricity, with renewables contributing 42% to production and holding 56% of the total installed capacity. Ambitious goals include pushing the renewable capacity share to 65% and production to 55% by 2035.
⚡ Diverse Renewable Portfolio:
The electricity capacity distribution boasts contributions from various renewables, including wind (11,803.3 MW), solar (11,315.6 MW), hydro (23,650.2 MW), and geothermal (1,691.3 MW).
This monumental shift not only showcases Turkey's commitment to sustainable practices but also sets a powerful precedent for nations striving to embrace renewable energy and achieve ambitious environmental goals. Turkey's journey stands as a beacon, illuminating the path towards a greener and more sustainable future for the entire world.
#Turkey #energy #türkiye #Turkish
In a groundbreaking revelation, Energy and Natural Resources Minister Alparslan Bayraktar unveiled Turkey's extraordinary surge in electricity capacity in 2023, with a remarkable 99.5% driven by renewable energy sources.
⚡ Renewable Dominance:
Bayraktar emphasized the monumental shift, with an astonishing 99.5% of the 2,858 megawatt increase in electricity capacity attributed to renewables. This underlines Turkey's commitment to a sustainable energy landscape.
⚡ Carbon Neutrality Goals:
Highlighting a bold pledge to achieve carbon neutrality by 2053, Bayraktar underscored the pivotal role of renewable energy. The total renewable energy capacity now stands at an impressive 59,236 megawatts.
⚡ Energy Transformation:
The energy transformation aligns seamlessly with the 2053 carbon neutrality objectives, positioning renewable energy as the primary driver of this transformative change.
⚡ Production and Capacity Share:
In 2023, Turkey generated 326.3 terawatt-hours of electricity, with renewables contributing 42% to production and holding 56% of the total installed capacity. Ambitious goals include pushing the renewable capacity share to 65% and production to 55% by 2035.
⚡ Diverse Renewable Portfolio:
The electricity capacity distribution boasts contributions from various renewables, including wind (11,803.3 MW), solar (11,315.6 MW), hydro (23,650.2 MW), and geothermal (1,691.3 MW).
This monumental shift not only showcases Turkey's commitment to sustainable practices but also sets a powerful precedent for nations striving to embrace renewable energy and achieve ambitious environmental goals. Turkey's journey stands as a beacon, illuminating the path towards a greener and more sustainable future for the entire world.
#Turkey #energy #türkiye #Turkish
Introducing the Twin-Tech Solar Tower: Revolutionizing Solar Energy. 🗼🔋⚡
1. Double the Power Output:
- Generates 2.14 times more power than traditional solar towers.
- Achieved through an innovative dual-tower design.
2. 24/7 Energy Production:
- Operates continuously, providing a dependable renewable energy source.
- Inner towers produce energy at night, complementing outer towers in the afternoon.
3. Enhanced Efficiency:
- Addresses thermal efficiency challenges with water spray on updraft air.
4. Geographical Suitability:
- Tailored for hot, arid conditions; ideal for regions like Jordan and Qatar.
- Demonstrates exceptional performance in desert climates like Riyadh, Saudi Arabia.
5. Challenges and Future Prospects:
- Humidity impacts efficiency; ongoing research focuses on scalability and integration.
6. Potential Energy Output:
- Simulations suggest a single TTSS could yield 753 MWh annually.
7. Commercial Viability:
- Economically promising, overcoming limitations of traditional solar towers.
8. Environmental Impact:
- Operating 24/7 reduces reliance on non-renewable sources, contributing to a positive environmental footprint.
The Twin-Tech Solar Tower signifies a significant leap in solar energy, with heightened efficiency and continuous production. Ongoing research aims to overcome challenges, paving the way for widespread adoption. A new era in solar energy is on the horizon!
#SolarEnergy #energy #Twin-Tech
1. Double the Power Output:
- Generates 2.14 times more power than traditional solar towers.
- Achieved through an innovative dual-tower design.
2. 24/7 Energy Production:
- Operates continuously, providing a dependable renewable energy source.
- Inner towers produce energy at night, complementing outer towers in the afternoon.
3. Enhanced Efficiency:
- Addresses thermal efficiency challenges with water spray on updraft air.
4. Geographical Suitability:
- Tailored for hot, arid conditions; ideal for regions like Jordan and Qatar.
- Demonstrates exceptional performance in desert climates like Riyadh, Saudi Arabia.
5. Challenges and Future Prospects:
- Humidity impacts efficiency; ongoing research focuses on scalability and integration.
6. Potential Energy Output:
- Simulations suggest a single TTSS could yield 753 MWh annually.
7. Commercial Viability:
- Economically promising, overcoming limitations of traditional solar towers.
8. Environmental Impact:
- Operating 24/7 reduces reliance on non-renewable sources, contributing to a positive environmental footprint.
The Twin-Tech Solar Tower signifies a significant leap in solar energy, with heightened efficiency and continuous production. Ongoing research aims to overcome challenges, paving the way for widespread adoption. A new era in solar energy is on the horizon!
#SolarEnergy #energy #Twin-Tech
Protocol for the Establishment of Solar Power Plant (SPP) Signed in Van. ☀️🔋⚡
An important step has been taken for the establishment of a solar power plant (SPP) in Van. This protocol, realized in collaboration between Van Metropolitan Municipality, the Ministry of Environment, Urbanization and Climate Change, and the Directorate of Provinces (İller Bankası), was signed by Governor Ozan Balcı and the General Director of İller Bankası, Recep Türk.
The investment is planned to be 38.5 megawatts in size, with an approximate value of 1 billion Turkish Lira (32 million Euros). The establishment of the SPP aims to provide an additional income of 300 million Turkish Lira annually to the Van Metropolitan Municipality. With this income, public investments will be made in Van, and services will be improved.
A portion of the 300 million Turkish Lira worth of electricity acquired by the Van Metropolitan Municipality from the national electricity distribution company will be provided from the established SPP. In addition to this step, among the attendees of the signing ceremony were Governor Ozan Balcı, Van Members of Parliament Kayhan Türkmenoğlu and Burhan Kayatürk, Van Metropolitan Municipality Secretary General Ali Özvan, and VASKİ (Van Water and Sewerage Administration) General Manager Ülker Cem Kaplan.
Governor Ozan Balcı expressed his gratitude to everyone involved in the project and wished the investment to be beneficial for Van, its residents, and the country. He emphasized that this significant step is a major milestone in meeting Van's energy needs and striving for a sustainable future.
#VAN #Turkey #türkiye #SPP #energy
An important step has been taken for the establishment of a solar power plant (SPP) in Van. This protocol, realized in collaboration between Van Metropolitan Municipality, the Ministry of Environment, Urbanization and Climate Change, and the Directorate of Provinces (İller Bankası), was signed by Governor Ozan Balcı and the General Director of İller Bankası, Recep Türk.
The investment is planned to be 38.5 megawatts in size, with an approximate value of 1 billion Turkish Lira (32 million Euros). The establishment of the SPP aims to provide an additional income of 300 million Turkish Lira annually to the Van Metropolitan Municipality. With this income, public investments will be made in Van, and services will be improved.
A portion of the 300 million Turkish Lira worth of electricity acquired by the Van Metropolitan Municipality from the national electricity distribution company will be provided from the established SPP. In addition to this step, among the attendees of the signing ceremony were Governor Ozan Balcı, Van Members of Parliament Kayhan Türkmenoğlu and Burhan Kayatürk, Van Metropolitan Municipality Secretary General Ali Özvan, and VASKİ (Van Water and Sewerage Administration) General Manager Ülker Cem Kaplan.
Governor Ozan Balcı expressed his gratitude to everyone involved in the project and wished the investment to be beneficial for Van, its residents, and the country. He emphasized that this significant step is a major milestone in meeting Van's energy needs and striving for a sustainable future.
#VAN #Turkey #türkiye #SPP #energy
Meter.io, $MTR is not just another cryptocurrency; it's a beacon of stability powered by a unique energy-based consensus mechanism.
Every $MTR token is tangibly backed by 10 kWh of electricity, ensuring a stable purchasing power superior to fiat currencies.
Meter's smart design allows for an elastic response in block rewards based on miners' activity, constantly adjusting to maintain the value of $MTR.
Meter.io's financial acumen doesn't stop there. The platform also features a revolutionary on-chain auction for $MTRG, which serves to buffer any excess $MTR from the market, continually nudging the price back to its sustainable range.
In essence, $MTR embodies a non-dollar-pegged metastablecoin, steadfast in its value thanks to the ingenious coupling of mining activity with real-world energy costs.
#MTR #energy #currency #Consensys
Every $MTR token is tangibly backed by 10 kWh of electricity, ensuring a stable purchasing power superior to fiat currencies.
Meter's smart design allows for an elastic response in block rewards based on miners' activity, constantly adjusting to maintain the value of $MTR.
Meter.io's financial acumen doesn't stop there. The platform also features a revolutionary on-chain auction for $MTRG, which serves to buffer any excess $MTR from the market, continually nudging the price back to its sustainable range.
In essence, $MTR embodies a non-dollar-pegged metastablecoin, steadfast in its value thanks to the ingenious coupling of mining activity with real-world energy costs.
#MTR #energy #currency #Consensys
#NEW MINING APP-ALERT
OPENVERSE
TOKEN - $GCV
Openverse, is a Layer0 hub network based on blockchain technology.
the Openverse team decided to allocate 61.8 billion pieces of Energy to enthusiasts in almost the same way as PiNetwork, in order to create a new community of 100 million participants, the Open Society.
How to start mining
1. Goto the website https://opensoci.com
2. Download the app
3. Register with your email. Use LXMZ6J8A as you invite code.
4. Start mining.
#energy #GCV #MiningMadeEasy
OPENVERSE
TOKEN - $GCV
Openverse, is a Layer0 hub network based on blockchain technology.
the Openverse team decided to allocate 61.8 billion pieces of Energy to enthusiasts in almost the same way as PiNetwork, in order to create a new community of 100 million participants, the Open Society.
How to start mining
1. Goto the website https://opensoci.com
2. Download the app
3. Register with your email. Use LXMZ6J8A as you invite code.
4. Start mining.
#energy #GCV #MiningMadeEasy
ENERGY SECTOR CRYPTO: POWER LEDGER 🔥
Many of the traders want to invest in Energy based CRYPTO. Because it's FutureAs per increasing demand of EV sector you must have some crypto in your portfolio.Let's see the energy Sector : POWERLEDGER Power Ledger $POWR is a technology start-up that has developed a blockchain-enabled energy trading platform with the aim of making energy markets more efficient. The business helps people transact energy, trade environmental commodities, and transact in renewables.Their Clients are major companies and government organisations.Some of their Clients are :Tata Power , Uttar Pradesh Government UPPCL, TDED Thailand, KePtos Japan and many more.They are dealing with solar & wind energy.Formed in 2016 when they saw the need to disrupt traditional energy, they have projects in eleven countries across four continents.#XAI #ai #energy #power
