The cryptocurrency industry has taken off in popularity with a huge influx of users accepting the assets, using them for daily purchases, and even government entities following along with a regulatory framework to promote the use of blockchain technologies. With this large amount of growth, the industry has also seen record-breaking levels of mining operations taking hold. According to The Bitcoinist, the hashrate hit record highs this year with over 72 Quintillion hashes per second. These hashes are the foundation of the Bitcoin network, allowing transactions to be processed through the decentralized peer to peer system. This huge increase in mining comes with significant levels of energy consumption. It’s estimated with a story from CoinTelegraph, that a single day’s worth of Bitcoin mining electricity could power over 6.7 million households with their daily electricity needs. With this in mind, we hope to take a closer look at the carbon footprint of Bitcoin and cryptocurrency mining in 2018. Then we’ll take a short moment to discuss the VenusEnergy’s proposed solution to this massive carbon footprint created by cryptocurrencies.
Key Network Energy Consumption Statistics
There are some surprising statistics about Bitcoin’s mining and energy consumption levels. A single transaction on the network takes as much power as 31 households use in a single day or in terms of energy, 200 million kilowatt hours are consumed each day to power the Bitcoin network. The report goes on to suggest that the daily level of carbon footprint hits nearly 36,000 kt of carbon dioxide. These massive levels of the greenhouse gas producing activities simply cannot be sustained if the assets of cryptocurrencies are to be accepted by the masses. Yet, the entire Bitcoin network operates exclusively through these mining operations. They allow the network to securely transact in a decentralized yet secure manner. To combat this problem of massive non-renewable energy consumption, VenusEnergy plans to develop mining operations which are nearly carbon neutral, powered by renewable energy.
The VenusEnergy Solution
To combat this problem of massive consumption of nonrenewable energy, VenusEnergy plans to develop a solution for mining operations focused on renewable power. The project will aim at mining the top tokens on the market which bring back the best profitability to token holders. Furthermore, the project will aim to become a thought leader in the 
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.
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%.
NO TOKEN INFO
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
6 BONUS 50% (LIMITED TIME OFFER) !!!
NO INVESTMENT INFO
1 Min. investment 0.087 ETH
2 Accepting ETH
3 Soft cap 500,000 USD
4 Hard cap 50,000,000 USD
For more information:
Website : https://venusenergy.io/
white paper : https://venusenergy.io/data/uploads/files/venusenergy_white_paper.pdf
Facebook : https://www.facebook.com/VENUSTOKEN/
Twitter : https://twitter.com/Venus_Energy
Telegram : https://t.me/joinchat/Idh46RKtPtuh1d9Gf02iEw
AUTHOR :
Fropil link :
https://bitcointalk.org/index.php?action=profile;u=1322879