Reports shows, Crypto miners are using more electricity than Serbia, Eric Holthaus calculated that by July 2019 Bitcoin would require more electricity than all of the United States and that by November of 2020, we’d use more electricity mining than the entire world. This sort of precipitous rise is stunning and poses great danger towards our climate in which it’s effects are already evident. Cryptocurrencies are here to stay but it’s environmental effects needs to be addressed early on. HashByte ensues to foster the current cryptocurrency mining landscape towards a green / renewable model, annihilating the need for fossil fuel powered electricity.
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