VENUSEnergy project: the essentials

There was no shortage of headlines in the media ridiculing the amount of energy consumed when mining Bitcoin and other cryptocurrencies. Moreover, it is true that the crypto hype has somewhat lost its acceleration, new cryptocurrencies and blockchain-related projects are still being born every day.

The electric consumption is growing daily, while the rewards received for solving the cryptographic tasks are no longer big enough to cover the expenses. Today’s top-grossing energy sources are natural gas, oil, coal, and conventional nuclear power.

The VENUSEnergy project is creating a mining farm ecosystem that is primarily powered by energy produced via renewable sources, mainly from wind power plants in Lithuania.

According to local meteorologists, the average wind power mediates somewhere between 6.5 and 7.5 meters per second. Based on these figures, financial estimates suggest that wind power plants generate a 12.5% ROI which equals 8 years to reach break even. And that’s only for the energy generated — given the potential of cryptocurrencies the remuneration for such activity may increase tenfold or even more.

Use of gathered funds

The priority of where to use secured funding goes to fund research on how to make renewable energy sources more efficient. The secondary goal of money allocation will be used for generating the energy itself through the utilization of processes researched.

Another indirect externality of the VENUSEnergy project will be the reduction of pollutants coming from plant emissions. A more efficient and green infrastructure will in the long-term be a more sustainable solution for our environment. If there’s a chance to set up a status quo when growing numbers of electricity from renewable sources can be obtained in a safe and dependable manner — the whole industry would benefit greatly.

“ExMarkets is a global exchange with a fantastic presence in Europe. An IEO listed on ExMarkets will have a reach of millions of users from around the world. ExMarkets help IEOs with all stages of the process to ensure that they maximize their raise potential.” — A. Belozaravičius, CEO of VENUSEnergy.

To make the cake even sweeter, VENUSEnergy project supporters and contributors will have access to acquire ‘green hashing’ power with a 20% discount than regular platform users.

So circle your calendars for April 1st, that’s when VENUSEnergy initiates on ExMarkets LaunchPad! Register an account in advance.

ABOUT THE AUTHOR

ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad.

Fairly recently ExMarkets was granted 2 operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of a few certified players in the market.

It takes only a few minutes to set up your account and users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, tokens, and most importantly Euros.

To top it all off, ExMarkets is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity — a feature which can seldom be seen in the current market.

All IT solutions and technology of ExMarkets and CoinStruction’s services are developed in-house guaranteeing that all security threats and third-party associated risks are kept at minimum levels throughout all stages of product deployment.

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