It all started with Bitcoin, when in 2009 a great invention has been made. Satoshi Nakamoto created Bitcoin and caused revolution in the technology world. Today, people are obsessed with cryptocurrencies, initial coin offerings (ICOs), and blockchain technology.

Bitcoin, as well as the other cryptocurrencies, are confirmed through process called mining. The process of cryptocurrency mining takes place online, without need of a third party. Everything is connected through the blockchain. The world of cryptocurrencies is growing and there are a lot of opportunities for each miner to create blocks and to include them in the blockchain network.

According to the BraveNewCoin website, there are around 100,000 Bitcoin miners. So, how much electricity is needed to mine 1BTC or ETH? Both Bitcoin and Ethereum, the two most world-widely adopted cryptocurrencies, are having the highest values now, and that causes some real consequences, because they require more and more power to be profitable. Given that cryptocurrencies could potentially continue to rise in value, it’s likely that the electricity needed to mine them will continue to rise as well.

Trending Cryptocurrency Hub Articles:

“Bitcoin is far more power intensive than Ethereum when looking at a single transaction, at 163 kilowatt-hours (KWh) versus 49 KWh. That means that a single Bitcoin transaction could power the typical U.S. household for roughly 5.5 days as compared to the 1.5 days of a single Ethereum transaction.”

There is a great solution for this problem, developed by experts — it is a new software platform called Energy Premier, through which the miners can get better deals on electricity supply. Energy Premier is an advanced blockchain-based electricity retail bidding platform that allows users to trade electricity by utilizing the EPC token.

Energy Premier allows the crypto miners to register free of entrance fees on the Energy Premier platform, and therefore to make bidding sessions to get the lowest electricity prices. They are allowed to pay for their mining electricity costs in EPC tokens as well. The bidding, pricing, and registration process are fully transparent.

Moreover, through mining, the crypto miners get BTC or ETH as a reward. In order to participate on the platform, they have to exchange BTC and ETH with EPC tokens. There, the crypto miners pay with EPC tokens, never use real money, and that is how they get free electricity.

Energy Premier offers you the next generation of token economy, the EPC Token. We are introducing this token model to revolutionize the current trading environment.

Energy Premier enables fair, direct and transparent access to the platform for all participants to get cheaper electricity . The use of the blockchain technology makes Energy Premier completely trustworthy and reliable place. The blockchain not only ensures that the tokens are delivered within seconds without third parties, but also provides security.

If you are a miner, you can use Energy Premier free of charge and pay for electricity with EPC Tokens.

The crypto miners can be sure that they are participating in the best and safest place for electricity bidding, because the Energy Premier platform is live and operating already. It has lead users (consumers and suppliers) and strong team (blockchain experts, ex top-consultants, contribution bankers and energy traders, including Tomoaki Sato). On the other side, the EPC token has the capability to become the token with which the electricity trading is performed in the world.

Crypto miners get the best prices in a crypto loop!

Our platform saves you time and money. Curious? To get started sign up here https://tokensale.energypremier.com/.