(https://i.imgur.com/zUBN4ys.jpg)
One of the rising and obvious concerns of the crypto mining industry is the increasing consumption and cost of electricity, which is greatly limiting the profitability of miners.
There is a timely need for an energy-efficient crypto mining solution that can devise a way of mining cryptocurrencies without high energy consumption.
Solarypto presents a viable solution.
What’s the problem?
As the user interest in the cryptocurrencies and blockchain is increasing, so is the number of blockchain transactions being performed every day. And as the number of transactions in a blockchain increases, so does the burden on the resources and the amount of energy consumption.
The solution is to add more miners (who validate and process the transactions) to meet the increasing demand. That means more resources and more energy consumption.
Besides increasing the cost of mining, high energy consumption in crypto mining also impacts the environment badly. The Co2 and other harmful gases released in the process are deadly for the environment and may ruin our ecosystem in the long term.
So, an immediate solution is required.
Solarypto - A feasible solution to Energy Efficiency problem of crypto mining
Electricity is not cheap, not unless you are living in China (USD 0.08/kWh) or Argentina (USD 0.01/kWh). And even if you are, the high energy consumption in cryptocurrency mining will leave you out of electricity sooner or later.
Solarypto is creating a solution - an energy-efficient crypto mining system - that will disrupt the industry by not just providing a way for energy-efficient crypto mining but also ensuring a cheaper and unlimited supply of green (renewable) energy.
Solarypto = X21s Algorithm (low energy consumption) + Solar Energy (low electricity cost)
The Solarypto crypto mining solution will focus on the two core problems of the mining industry. It will create solutions for the problems in two steps.
First, an unlimited source of eco-friendly electricity will be created with the help of solar energy. Solar energy is a definite, green and unlimited source of energy that can be used to produce electricity that is cheap and eco-friendly. To do that, Solarypto will establish solar electricity plants across Africa and some other places where constant solar energy supply will not be an issue.
The electricity produced from the Solarypto power plants will be primarily used for meeting the energy demands of the crypto miners all around the world, starting with those engaged in the mining of Solarypto coin.
Also, a part of the produced electricity may be supplied to businesses looking for efficient and cost-effective energy alternatives, as a way to create a revenue source for the platform.
Second, there will be developed a new kind of crypto mining platform that will be powered with solar electricity. On top of that, Solarypto crypto mining system will use the X21s algorithm for reducing energy consumption in the mining process.
* X21s is a mining algorithm created with the merge of X16S and X22i algorithms. It has 21 hash functions, including Lyra2z which is responsible for reducing power consumption by keeping the mining hardware cool.
The combination of affordable solar electricity with X21-based energy-efficient mining will make Solarypto a definite solution to all the mining industry problems.