As cryptocurrency adoption increases, experts have realized that there is a hidden impact of blockchain on the environment. Per the Guardian News, in a 1/17/18 article titled, Bitcoin’s energy usage is huge – we can’t afford to ignore it, “in November 2017, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. Since then, its demands have only grown. It’s now on pace to use just over 42TWh of electricity in a year, placing it ahead of New Zealand and Hungary and just behind Peru, according to estimates from Digiconomist. That’s commensurate with CO2 emissions of 20 megatons – or roughly 1 (million) transatlantic flights.”
Bitcoin alone produces 17.7 million tons of carbon emissions each day, and once other cryptocurrencies are included, the carbon emissions increase that number by close to 50 per cent. Also, the energy demand of mining rigs and mining farms is creating a huge strain on the limited supply of energy available. This added demand will only increase the likelihood of energy companies turning to more and more fossil fuels to meet the demand. The HashByte team noticed this, and they have embarked on a journey to create a more sustainable cryptocurrency mining approach.
HashByte is currently beginning to solve this problem by liaising with renewable energy firms in Europe to create cloud mining contracts that rely only on wind and solar power. The technology is already there, and all that was needed was a team willing to use it to make green mining possible.
HashByte currently uses leased windmills and solar panels in different parts of the world to mine Bitcoin, Ethereum, Monero, and Litecoin efficiently and cost-effectively. The benefit over conventional mining farms is that there are no high operating costs due to high energy bills and these savings are passed back to our contract holders. This allows us to increase the profits for investors on our platform.
We are currently issuing HSB tokens, an Ethereum based ERC-20 token for HashByte to raise funds for further research and development for the next stages of our plan. Sequentially we intend to create:
Q4 2015
Q2 2018
Q4 2018
Q1 2019
Q3 2019
Q4 2019
Q1 2020
Verified 20%
Attention. There is a risk that unverified members are not actually members of the team
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.