Project Venus Energy – mining bitcoin using renewable energy sources
VenusEnergy supports the idea of a clean world and seeks to spread the use of renewable energy in daily activities. An increase in the demand for bitcoin will also lead to an increase in the amount of mining work, and the use of renewable energy sources in the performance of work will lead to the preservation of nature, while the work will be done in the same effective way. The result of the VenusEnergy project is a mining platform where electricity is produced from renewable energy sources.
About VenusEnergy ICO
VENUSENERGY – The Environment-Friendly Solution For Our Energetic Needs
The past three decades of generally rapid growth worldwide have seen dramatic increases in fuel consumption for heating (homes and offices), transportation, electricity production and industrial use. Due to economic progress and a rising standard of living, the demand for energy is continually increasing. 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 FUTURE OF DIGITAL ASSETS, VENUSENERGY
The world continues to be transformed by the innovations of blockchain technology. The advent of a peer to peer currency without any centralized authority truly caught the world’s attention in 2017 when the market cap of all cryptocurrencies hit nearly $1 trillion dollars in total. With this huge rise in popularity, cryptocurrencies continue to consume more and more energy. Most of these energy sources are from traditional energy outlets such as electricity produced from natural gas or coal. However, the demand for cryptocurrency mining has grown to an appallingly high amount. Even during the market downside in 2018, Bitcoin mining has only grown larger. Some reports have compared the amount of energy needed to sustain the Bitcoin network alone to that of the entire country of Ireland. Furthermore, reports suggest with growing mining difficulty, adoption, and an increase in the number of miners to the network this number could jump to as high as 25% of all energy consumption in the world. Let’s take a closer look at VenusEnergy vision and the planned VENUS token holder benefits to be implemented.
THE VENUSENERGY VISION
The VenusEnergy team plans to implement a responsible energy solution to power blockchain mining. The team believes profits for token holders can be achieved while still taking into account an eco-friendly approach. Further, VenusEnergy believes it is important to tie a socially-responsible approach to their business model. To achieve this goal, VenusEnergy will develop renewable energy sources to power their future blockchain mining operations. With the implementation of solar energy, wind energy, and other renewable energy supplies, Venus energy hopes to lead by example to develop cryptocurrency mining operations in an eco-friendly manner. They will then take this renewable energy and supply it to power their mining of cryptocurrencies. Let’s take a closer look at the benefits for VENUS holders. Finally, VenusEnergy token holders will have the ability to benefit from mining operations without the hassle of setting up the complex computer rigs needed to process the cryptocurrency transactions and thus generate a profit.
BENEFITS OF VENUS
VENUS, the native token on the VenusEnergy platform will help power the development of renewable energy sources to power blockchain mining operations. All and all the team hopes to develop a socially responsible solution to their business operations. Further, not only will there be a long-term profitability through the implementation of these mining operations but the project will also help steer the cryptocurrency industry as a whole towards renewable energy sources. VenusEnergy plans to leads by example. With this in mind, the goal of the VenusEnergy project will also include the added benefit of becoming an industry thought leader with the insistence of renewable energy to power blockchain mining for the profit of VENUS token holders. Token holders will receive a portion of the mining profits generate from the business venture of VenusEnergy. This should present token holders with a powerful incentive since mining operations are bound to continue into the near and even distant future. For example, the overall operation of cryptocurrency will always require mining to process transactions and allow users to transfer value to one another.
WE BELIEVE IN THE FUTURE OF DLT
BlockChain is a rapidly developing technology, which is turning the world upside down – people have to move from standard thinking about centralized systems to decentralization and advantages thereof. However, such advantages also require both energy and computing capacities.
WE BELIEVE IN CLEAN ENVIROMENT
The increasing number of renewable energy sources and their use decrease global warming and the emission of greenhouse gases into the atmosphere, which improves the condition of the earth from different perspectives.
OUR GOAL IS TO COMBINE BOTH OF THESE ASPIRATIONS
Renewable energy sources must be of great current interest for bitcoin miners. 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.
WE WANT TO SHARE AND SPREAD THIS IDEA
Spreading our VenusEnergy token will gather together a community which supports the same ideas as VenusEnergy team. We will build a platform for sharing mining power with VenusEnergy holders. Together we can do both save the world and mine crypto currencies
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.
RENEWABLE ENERGY SOURCES
Renewable energy sources (RES) are natural energy resources which origination and renewability are conditioned by natural phenomena: sunshine, wind, river flow, sea waves, rise and fall of the ride, biomass growth, geothermal energy and etc. The renewable energy resource base is sufficient to meet several times the present world energy demand and potentially even 10 to 100 times this demand. The renewable energy sources (RES) are continually renewed by the cycle of nature and are considered to be practically inexhaustible. They also contribute to reducing dependence on conventional energy resources. The primary source of almost all renewable energy sources is solar energy. According to their White Paper, VenusEnergy is planning to concentrate its activities in the wind and solar energy sectors.
VenusEnergy’s Initial Coin Offering (ICO) was commenced with the rule inspiration driving financing the dispatch of the assignment and the stage, and a brief span later with the true objective to accumulate advantages for be utilized in research of incipient and innovative denotes/systems for elongating the efficiency of economical power source plants. The assembled resources will similarly be acclimated to engender manageable power source by presenting power plants that use wind and daylight-predicated essentialness as a crucial resource. The essentialness in like manner made will be given to the overall public involved with blockchain orchestrate counts (or mining). This fuses moreover the composition of imperativeness sharing and mining stages.
VENUS token holders would get essentialness conveyed from manageable power sources; they would in like manner get mining stage limits. It infers that the VenusEnergy holders will have the ability to buy mining power in VenusEnergy arrange extensively more affordable than it will cost using distinctive money related structures. The discount for VENUS token holders maybe someplace in the scope of 20% and 30%.
The VenusEnergy ICO objective is to sanction the assembled money for investigates of how to elongate the efficiency of plants prepared for making influence from practical influence sources. For the ICO-raised resources, the RnD adventures went for streamlining the utilization of practical influence sources in step by step works out, which is growing the efficiency of sun-controlled specialists and making wind imperativeness more open for everyone, Likewise, the VENUS cash is depended upon to be joined into the mazuma exchanges and the virtual VENUS cash holders will have the faculty to pick up from fall and additament in authentic money change scale, applying day trading techniques.
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