VenusEnergy – cryptocurrency mining

Today, we are witnessing the rapid development of modern technology and digital currency. A few years ago when mentioning Bitcoin, people did not understand what it was and where it came from. At the moment, Bitcoin is a whole technology, ultimately converted into a coin, the value of which is more than 6000 dollars.
The main criteria for its production is the power of equipment that consumes a lot of energy, the cost of which is not so low. Indeed, this is an urgent problem, the solution of which is proposed by the VenusEnergy project.

It can be said with certainty that at present bitcoin mining is oriented in the hands of large farms that have created a monopoly. In this situation, it remains for ordinary users to stop mining, because competition has increased the requirements for the level of computing capabilities and energy costs, which are much higher than the rewards they receive from mining.

The main goal of the VenusEnergy project is to solve the problem by introducing the use of renewable energy sources in Bitcoin mining. This energy does not require any special costs in the future, as it uses the energy of wind, sun and others. VenusEnergy converts this energy to perform calculations on the Bitcoin-blockchain network. This concept solves several problems such as reducing costs when mining Bitcoin and protecting the environment, which is very important in our time.

Currently, the project is conducting an ICO, the purpose of which is to allocate certain financial resources to study the increase in the efficiency of installations that convert renewable energy sources into electricity. It is also one of the goals of the project to allocate a portion of the funds collected for the collection of installations that will generate energy. Token holders receive additional bonuses in the form of discounts from 20% – 30% when receiving energy from renewable energy sources.
The main payment instrument of the project will be the VENUS token, thanks to which all processes and operations within the project will be carried out. At the moment, ICO is on, where you can purchase a token at a price of 0.00004300 – 0.00007640 ETH.

What offers the project to its customers:

Own currency.
Obtaining electricity at a low price for holders of the VENUS token.
Low cost of electricity due to the use of renewable energy sources.
The positive impact on the environment and the creation of a clean world.
The ability to earn on the fall and increase in the exchange rate of the token, as it is expected that the currency will be included in the currency exchange.
The ability to earn on mining Bitcoin.
One of the latest changes that the progress brought is the digital currency, which is the most significant money revolution in all of human history. But the further development of this new concept based on the blockchain technology depends very much on a very important aspect, namely the energy necessary for producing the digital coins, more specifically, the amount of energy needed for mining. At present, the largest amount of energy we use is derived from conventional sources of energy, which are petroleum, gasoline and coal. These are non-renewable sources of energy, which, sooner or later, will be exhausted. The production and use of energy derived from these sources create a series of environmental problems, the most serious of which, as we all know is greenhouse effect.

The VenusEnergy team has an ambitious vision for the expanding cryptocurrency industry. The team believes the future of money should be powered with a futuristic energy, renewable energy that is. With this in mind, the team has put together an exciting project to start leading by example in the nascent industry with the development and deployment of renewable energy sources to power the VenusEnergy mining operations.

With the use of wind, solar, and potentially thermal energy sources, VenusEnergy plans to lead the cryptocurrency mining industry with these renewable energy options. As an industry leader, the VenusEnergy team hopes to establish a new standard for responsible mining operations, a standard in which renewable energy is used to power mining operations. Let’s take a closer look at the merits of blockchain mining with renewable energy.

The process of mining new coins requires both energy and computing capacities. The consumption of electric energy is becoming very big, while the remuneration received for the performed computations is not big enough to defray the incurred electric energy expenses. The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes. The earnings from mining depend on the price of electric energy and the probability to receive a computed hash value. This probability, in its turn, depends on the amount of the computing capacities.

Energy pricing policies play a critical role in stimulating efficiency. At present, they sometimes include subsidies and seldom reflect the real costs of producing or importing the energy, particularly when exchange rates are undervalued. Very rarely do they reflect the external damage costs to health, property, and the environment.Today’s primary sources of energy are mainly non-renewable: natural gas, oil, coal, peat, and conventional nuclear power. All thermal power plants produce waste heat energy as a by-product of the useful electrical energy produced. Such significant discharge of harmful greenhouse gases into the air encourages the greenhouse effect, which causes irreversible effects for the earth and ever-augmenting global warming. The VenusEnergy team does not want to wait for such drastic global changes to come, it does not want to sit and watch the world self-destruct.

VenusEnergy team developed a plan of where to start from and what to do in order to preserve the world while keeping the bitcoins being mined.If you choose to use the solution they offer, the mining works will become cheaper with more people able to perform them; the land resources will be saved and the greenhouse gases as well as global warming will be decreased.

The VenusEnergy team offers a solution involving the use of renewable energy sources. Using of renewable energy sources for the production of electric energy, which is to be used for the performance of bitcoin mining works, significantly decrease expenses on electricity, meaning that profit received for the works performed is bigger. Also, this leads to saving nature and decreasing the greenhouse effect.

About Token

VenusEnergy ICO started on 1st of May 2018. Their token, the VENUS, is available for purchasing on their official website, at a price of 0.00002900 ETH/ Token.

VENUS token holders would receive energy produced from renewable energy sources; they would also receive mining platform capacities. It means that the VenusEnergy holders will be able to buy mining power in VenusEnergy platform much cheaper than it will cost using other currencies. The discount for VENUS token holders may be between 20% and 30%.

1 Token VENUS
2 Platform Ethereum
3 Type ERC20
4 PreICO price 1 VENUS = 0.00000920 ETH
5 Price in ICO 1 VENUS = 0.00002900 ETH
1 Min. investment 0.087 ETH
2 Accepting ETH
3 Soft cap 500,000 USD
4 Hard cap 50,000,000 USD
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