PIETA NETWORK: Mining Cryptocurrency With Renewable Energy Resource

-
Hasil gambar untuk Pieta An Ecosystem

It has been well-documented that popular cryptocurrencies such as Bitcoin and Ethereum combined use more energy than Iceland, Syria and Jordan. The good news though, is that this is driving crypto-miners to use clean energy, lowering costs, helping the planet and even generating profit.

Mining is the process by which new crypto coins are created. Unlike traditional money that is printed and distributed by the government, cryptocurrency doesn’t have a ‘central government’.

Instead, ‘miners’ use software to solve mathematical equations (known as hashes) which verify transactions. As an incentive, each miner receives a small amount of cryptocurrency in exchange; a service that could be described as competitive bookkeeping.

The mining process itself is both computationally and energy intensive, especially as the millions of processors worldwide need to be cooled, using even more power. Sebastiaan Deetman, an environmental researcher from Leiden University calculated that if the Bitcoin network continues expanding at this rate, it could draw over 14 Gigawatts of electricity by 2020. This is the same total power generation capacity as Denmark.

As the value of popular virtual currencies increases, so too does their potential to expand and be transacted; this means more strain on the grids. In Venezuela, for example, authorities uncovered a warehouse full of 10,000 mining computers, reportedly drawing enough electricity “to power a whole town.” On the bright side, however, this is also pushing some companies and individuals to mine cryptocurrencies using renewable energy.

Whilst it’s much harder to profit from mining on your home computer than it used to be, clean energy might just bring some of the smaller players back in the game. The PIETA NETWORK project is an innovative examples of crypto-mining, harnessing the power of mother nature.
____________________________________________________________________________

image.png

Developed in 2018, PIETA NETWORK is a sustainable operation based in Arab Saudi that plans to optimize the cost of production through the construction or acquisition of unconventional sources of electricity through renewable energy and he new X20 algorithm which will keep the mining equipment cooler.

Founded by Rawi R. Alsayed, the main goal of this company is to drive adoption of blockchain powered renewable and efficient energy solution for businesses of all scale and size. PIETA NETWORK envisions to make Mining a profitable and attractive affair for everyone irrespective of the individuals technological and financial prowess.

PIETA NETWORK development Plants are fully automated and do not require maintenance personnel and no raw materials are required. Also, their plants aim to resolve a number of environmental concerns, substantially reducing carbon emissions with internally developed security system for mining modules and software protection. The low energy (carbon) emission will also have a positive impact on the environment.
____________________________________________________________________________


To be a part of the pool, miners must have PIETA NETWORK native token, PITC. PITC token is one of the most anticipated tokens of the year, both in terms of popularity and investor profitability. Besides providing multiple revenue options to the holders of the tokens, Pieta enables users to engage in quick and cost-effective blockchain mining for amazing returns.

PITC Token is available for purchase during PIETA NETWORK Initial Coin Offering (ICO). Currently, It is on the pre-ICO phase. The total of 900,000 tokens is available on this phase with the initial price of $0.25 to $0.75 equivalent to BTC or Dogecoin. An exclusive bonus of 40% will be given to all the pre-ICO buyers. This phase will end on May 14, 2019.

Meanwhile, the ICO phase will will be held in 6 phases between May 15 and November 14, 2019. The price per token at the time will be $1.5 to $5 equivalent to BTC, Dogecoin or ETH. The total of 9,000,000 tokens will be available to purchase. The company will spend part of the funds raised during the ICO for Branding and Marketing (35%), Development & Infastructure (20%), Investment & Charity (20%), Group Operations & Administration (15%), Legal & Finance (5%), and Platform Operations & Security Audits (5%).

The PIETA NETWORK project team consists of passionate people on making cryptocurrency mining more profitable and environmental-friendly.

____________________________________________________________________________

ACCURATE INFORMATION
____________________________________________________________________________

AUTHOR
BTT Username: Ris88
ETH WALLET ADDRESS: 0x2CF4F93348116B2Ce67Ecb7A9eA57E10Bf0f81A2

Komentar

Posting Komentar

Postingan populer dari blog ini

The Suite ICO Review

-
Gambar
The Suite uses blockchain technology to decentralize the bonus card structure and is a new generation of blockchain loyalty program. The Suite uses blockchain technology to decentralize the structure of the Bonus cards and is a new generation of blockchain-based loyalty programs. The Suite  is a platform through which users can accumulate bonus points on one account, thereby simplifying the process of accumulating these points and there is no need to use a large number of Bonus cards.  On the platform, you can receive goods, request gift  cards of such basic online services (Amazon, Playstation, etc.), pay medical bills (national dentists). You can even make a request to exchange points for fiat money and transfer them to your bank account using a bank transfer. The basis of the project as a whole is the FidelitySuite platform . FidelitySuite  is a loyalty management platform that allows customers to collect and convert bonuses of partner companies registered...
Baca selengkapnya

Relam Investment launches Hetachain ICO based on 3rd Generation Blockchain technology

-
Gambar
Relam Investment has officially launched its 3rd generation blockchain technology ecosystem - Hetachain - and it's ICO. The global launch started in Dubai, and will proceed to London and Turkey throughout 2018. Hetachain is a super-fast DPoS + BFT hybrid blockchain network focused on addressing the age-long scalability dilemma and pushing forth a truly democratically governed platform built for industry scale transactions while also uniquely designed for private users. With its array of features integrating a blend of public and individual adoption-focused design through a multi-chain system, users can use Hetachain for both public and private blockchain preference. The Hetachain ecosystem consists of smart contracts, Hetacoin, hot and cold Heta Wallets, Heta App Store, Blockchain feature-enablers and comprehensive solutions that enhance its applicability in smart banking, healthcare, e-commerce, trade, telecommunications, data management, investment, cash exchange, and...
Baca selengkapnya

EzyStayz Token - Booking Holiday For Cryptocurrency Is Now a Reality

-
Gambar
EzyStayz is the first Australian-based global holiday rental platform based on blockchain technologies. Its main goal is to provide people with affordable accommodation on a global scale. Implementing the core principles of the blockchain such as immutability and decentralization, EzyStayz provides: Property owners — with a seamless and low-cost way to rent their accommodation. Travelers — with a quick way to find a place to stay on a holiday without paying to numerous intermediaries. The core innovation of the project implies connecting these two global sides of the market directly eliminating the need for third parties and thus reducing operational costs. EzyStayz has over 155,000 property listings and covers 34,000 cities in 190 countries where it has received regulatory approval for business operations. The project has raised 1.5 million USD in the private funding and now aims to conduct a public token sale. _________________________________________________________...
Baca selengkapnya