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Moonlite.Io to Launch Completely Renewable Cryptocurrency Mining Operation | https://leowiki.com

Bitcoin mining has grown exponentially, and this has huge energy implications for the world. For mining to be sustainable into the future, renewable methods must be developed and used.

The Time to Mine Crypto Has Passed for Many

For many entering the cryptocurrency space, they come across the idiom “ Bitcoin mining ” and are immediately intrigued. Mining comes with the intension of getting rich quick, striking a fortune, or getting lucky and earning a life-changing sum of money. unfortunately, it is normally wholly uneconomical for average joes to start up a crypto-currency mining operation. On crown of the massive initial investment for mining hardware and cooling systems, miners need to factor in the cost of the electricity that is needed to baron the equipment. The Bitcoin mining industry has a razor-thin net income margin as it is and having a price of electricity that is even a few tenths of a penny more expensive over the rival can mean getting beaten out of the market .
apart from the massive economic hurdles with mine, a serious refer for all PoW based cryptocurrencies is their effect on the environment. Over the by several decades, there has been a huge push button for greens, renewable energy sources all over the world. Bitcoin mining has blown up to massive levels in the past year, with the total energy used by the network rivaling the ability consumptions of some smaller countries. This measure of consumption, specially from fossil fuel department of energy sources, will continue to harm the environment until we come together and find better ways to create energy.

Cryptocurrency Mining Goes Green

Moonlite is looking to launch one of the beginning wholly green Bitcoin and cryptocurrency operations using 100 % renewable energy. They ’ rhenium launching a token sale to get to project off the anchor, and they ’ rhenium offering an attractive token structure to get investors on board. They plan on taking 60 % of the proceeds and converting them to fiat currency to offset the costs of operation and invest in refer opportunities.

Another 20 % of the funds will be retained and used to create a cryptocurrency hedge fund, safely in the control of people whose job it is to not lose money. This will be spread around different projects to give the best return on invested capital for investors. The concluding 20 % will be used to reinvest in fresh equipment and expand operations to generate even more tax income .
If you make the decision to invest in the project and become a token holder, you ’ ll have a read in all operations of the caller. Token holders have the right to vote on versatile fiscal matters via the Security.Vote platform. With this ability, they give input signal on the party ’ mho steering and stream lookout. For exemplar, if token holders were infelicitous with the 60:20:20 proportion disconnected and they change the percentages consequently.

The ICO is set to launch in less than 24 hours, with the second base phase of the pre-sale assailable now for those looking to join the whitelist. The first phase of the pre-sale ended in January, with already over $ 3 million invested and another $ 2.75 million pledged. Those looking to find out more information about the plan and the token sale can visit Moonlite.io .
What do you think about mining with renewable energy? Is this an important factor for the future of mining? Let us know your thoughts in the comments down below!
Images and media courtesy of Moonlite.io

source : https://leowiki.com
Category : Economy

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