Much crypto-minning has consumed a lot of energy, However, due to mining requirements, the process is leaving a huge carbon footprint, one that is much worse than originally expected.
PROBLEM
As of September 30 2017, 1 Bitcoin transaction consumes as much power as the daily average consumption of 7.5 US households.
As of December 31 2017, 1 Bitcoin transaction consumes as much power as the daily average consumption of 10.5 US households.
As of January 31 2018, 1 Bitcoin transaction consumes as much power as the daily average consumption of 17.5 US households.
Mainstream adoption of cryptocurrencies is not feasible or sustainable at this rate.
This
is a solution that is really needed for everyone, all regions and areas
that exist in the world. Waste must be managed properly. The latest
technology must be used to solve this problem. And this will have a very
positive effect for the good of the environment.
Profile 4NEW
4New is the world’s first blockchain solution for the conversion of waste to energy. It is a real and eco-friendly solution that brings the world better. 4New currently offers coins for investors interested in engaging with the first ever waste management for energy conversion and maintenance facilities. This will be entirely based on the blockchain network.
In
essence, the 4NEW platform is the world’s first public sewage utility
waste treatment plant. 4NEW will revolutionize the Waste and Energy
industry by offering services as a wholesaler in the Utilities sector
that is fully integrated into open source, decentralized public
exchanges that allow consumers and industry partners to trade their 4NEW
Coins for payments in the 4NEW ecosystem.
4New
is based on the idea that the conversion of waste to energy is a new
necessity. They claim the new 4New will solve many of the problems
facing the whole world: waste in surplus and energy is running low. By
using 4New, these social and global issues will be overcome and the
environment, and the people, will benefit.
The
supply chain will switch from garbage collection to the conversion and
generation process that will supply electricity. This electricity will
be sold in units to the national network.
Above
the concept behind 4New becomes a breakthrough way to reduce waste and
generate energy, 4New is also utilitarian. This is beneficial because
everyone uses electricity on a regular basis, and the waste will never
stop being produced. Recently I saw it this way: instead of trying to
reduce the amount of waste generated or reduce the amount of energy we
consume-because both are inevitable to a certain extent-why not harness
the energy this waste can generate? That’s what drives forward.
4New
said that they will successfully integrate the real-world waste
disposal process with blockchain technology to take the waste, convert
it to energy, and sell the energy unit.
4New
will standardize the waste and energy industries, which they describe
as two industries in desperate need of innovation and technology
integration. They also predict 4New Coin to be the global currency of
peers and consumers for waste or energy-related services they seek. In
addition to this information, 4New provides many other insights about
the company’s plans and their development.
Overall,
they claim that their management team has a combined experience of more
than 300 years and their research claims that they can provide 15% to
20% savings to consumers. They also promise zero impact on the
environment and compliance with all government regulations and standard
best practices.
Sales Token 4New
4New offers coins throughout October, November, and December 2017 .
4New’s decentralized blockchain network recently used 4New coin as
currency. These coins will be used in all transactions to acquire and
sell waste and energy. The 4New ledger will contain all transactions and
will feature an auditable journal for each new purchase and sale. All
parties involved or associated with each transaction will be able to see
the ledger entries — including potential disputes, reconciliations, and
revenue leaks, all of which will be controlled as much as possible.
THE KWATT COIN PRICING
Each
KWATT Coin is equal to 1kW of electricity. Global average retail price
per kW of electricity is $0.15. Global average wholesale price per kW of
electricity is $0.05. 4NEW mining operation will pay $0.20 per kW.
Therefore, each coin represents an intrinsic value of $0.20 per 1 kW of
electricity. All energy generated by the plant will be owned by the
KWATT Coin holders. KWATT Coin holder can either sell this power to the
UK national grid or apply it to 4NEW’s mining farm. Net revenues, after
administrative and facilitation fees, generated from the sale of the
energy to the crypto mining farm will be distributed to the coin holder
annually in cryptocurrencies. Net revenues, after administrative and
facilitation fees, generated from the sale of the energy to the UK
national grid will be retained for future plant build out leading to
additional KWATT Coins being delivered to the coin holder. Revenue
distribution will initiate 24 months after the completion of the Initial
Coin Offering. The first 12 months will be plant buildout period and
the second 12 months will be reserve build up period. Distribution will
be annually thereafter.
More info :
https://4new.io/token/\
https://www.facebook.com/4newcoin/
https://t.me/FRNCoin
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