Crypto 360°

Saturday, 25 August 2018

Fully Dedicated Cryptocurrency Mining Farm In New York

Dedicated power source for a cryptocurrency mining

There is a plan to repurpose a New York-based hydroelectric facility particularly to function as a dedicated power source for a cryptocurrency mining farm. Super Crypto Mining is building the said mining farm.

It was in 1983 when the Valatie Falls project with a capacity of 1-MW was originally constructed. Thereafter, the project was bought in March 2018 by Valatie Falls Hydro LLC using finances from a subsidiary of DPW Holdings.

A fully-owned subsidiary company of DPW, Super Crypto Mining is operating as well as creating the said cryptocurrency mining farm. The chairman and CEO of DPW Holdings, Milton “Todd” Ault III said they are successfully repurposing their Valatie Falls dam in order to offer renewable, low-cost, and clean power to the co-located mining farm of Super Crypto.

The CEO added that it is a major step in the company strategy to develop a self-sustaining and economically viable crypto mining business. Ault added that since electricity is the biggest operational cost factor, his company could retrofit and upgrade the dam for this interesting fresh stage.

New Plant To Supply Electricity At Economical Rate

So, it appears that the plan to repurpose DPW Holdings’ hydroelectric dam is to supply electricity for its upcoming crypto mining operations. Once the repurposing is completed, this dam will be able to offer low-cost electricity to an upcoming crypto mining plant to be operated by a subsidiary company of DPW.

The plan when successfully implemented can have a great significance for the crypto space moving forward. This is because there have been widespread concerns over the tremendous amount of energy consumption by the digital currency mining centers.

Meanwhile, there is no consensus reached yet on the ongoing debate concerning the amount of energy consumption by the cryptocurrency mining activities. According to a statement by DPW, their hydro plant is expected to become operational by the last quarter of 2018, Power Engineering Magazine reported.

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Buy Electroneum Cryptocurrency Through Popular Exchanges Like CoinBene, KuCoin,Cryptohub

People Keen To Buy Electroneum Cryptocurrency

People are excited to buy a cryptocurrency called Electroneum. The currency offers exceptional decentralized capabilities and special focus is given to its crypto mining process.

The Electronum cryptocurrency incorporates an intuitive protocol called Cryptonote that results in an effective decentralization of crypto mining. The altcoin can be seamlessly mined on any normal GPU or CPU. The organization unveiled the mobile-based digital currency mining on March 5, 2018.

Electronum is also nicknamed as a “mobile cryptocurrency” because of its intuitive protocol. Cryptonote allows the crypto miners to conduct their mining operation via a mobile-based app that can be downloaded from Google Play Store.

Hence, interested investors should not query about how to buy the cryptocurrency since they can easily mine them. Also, the cryptocurrency can be purchased through popular exchanges such as Qryptos, Cryptohub, Cryptopia, BITbns, KuCoin, and CoinBene.

A second simple way to purchase Electroneum is to use its mobile-based app for mining the digital currency. It is important to mention here that it is the maiden digital currency of its kind to launch mobile-based mining. Both Electroneum and Monero use the same protocol to incorporate a similar form of privacy within their Blockchain network.

Electroneum To Come Up With Mobile-Based Game

While one can purchase this cryptocurrency from various exchanges, KuCoin is the preferred crypto exchange because of its lowest trading fee. At the same time, users are not able to deposit their traditional fiat currencies here. As such, they need to explore other crypto exchanges to buy the currency.

A major goal of this cryptocurrency project is to come up with a mobile-based game. The game will enable the users to sell or purchase their Electroneum tokens to one another, Coinnounce reported.

Many crypto investors are showing a keen interest to buy this cryptocurrency. As Electroneum has the ability to be mined through a person’s mobile phone and stored in the mobile, it has led to plenty of speculations from innumerable cryptocurrency experts from across the world.

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