As of September 30, 2017, 1 Bitcoin transaction could power 7.5 homes in the US for a day.
As of December 31, 2017, 1 Bitcoin transaction could power 10.5 homes in the US for a day.
In lieu of this culminating impending crisis, one company has taken measures to solve this head on. 4NEW Limited, a UK based Waste to Energy treatment plant, launched its pre-sale in the fall of 2017. 4NEW successfully raised USD 30.5MM from US private equity funds in a conventional round of funding, achieving their soft cap requirement. Now with the funding for the plant secured, 4NEW has allocated all its electricity output into its coin, namely KWATT. The plant has a capacity of generating 300 million kilowatts per annum. With a total coin supply of 300 million, each KWATT Coin will be backed by 1 kilowatt of electricity.
Furthermore, for the first time, we have a utility company solely dedicated to providing energy to blockchain networks; With the people holding the power to allocate this energy in their desired location via a voting structure only available to the KWATT coin holders. Needless to say, 4NEW has successfully tokenized electricity, the most sought after commodity for our civilization with applications not just within the crypto community but also mainstream utilization.
Website: www.4new.co.uk