Everyone agrees that converting trash into electricity is a great idea, but it has not taken hold until today. Among the reasons is that whoever does this has to have access to mass amounts of trash, they have to invest a lot of money to this, and then either sell the electricity to some other company or have it carried away by the government. Either way, it is expensive and not really feasible. With 4new and the blockchain technology, this platform will simply use the produced electricity to mine cryptocurrencies, which will make money itself. In other words, the garbage will be processed and the electricity produced will be used right on the spot to make more money. The platform will be making money using its own product. This is like growing your own wheat and producing your bread from that wheat, the middle man is gone!

I hear a lot how the ICO platforms are removing the middle man but this time, even the producer is gone and almost all of the overhead is removed, simply making the electricity and thus, the crypto mining cheaper. When the overhead is gone, mining will be a lot more profitable and 4new token owners will get to share the profits due to rising token prices.

Environmental effects of bitcoin mining can no longer be ignored and these effects may only be counteracted using sound environmental policies and companies such as 4new can remedy these problems. Using trash to power crypto mining will reduce the electrical power used and help the environment by reducing the trash released to the environment every day. Here is a nice and effective video explaining the environmental benefits of the 4new platform:

It is a bit cheesy, but it is effective. As of July 2018, mining one bitcoin costs about 4800 USD and with the halving coming in 2020, it will not be this number doubling, it will be a higher number doubling. That is because by then the number, the cost of mining will keep increasing and the cost will be a lot higher than 10000 USD. This means that the electricity used to mine bitcoin will be a lot higher than today, and there may even be riots and government bans to prevent any cryptocurrency mining. Energy is used for every little thing on our planet and producing energy simply for computing will bother a lot of people, especially tough governments who are energy hungry like China. China and USA already banned ICOs and other countries may follow suit. That is why it is extremely important that people in this business find ways to reduce or eliminate the environmental impact of cryptocurrencies.

Here is a nice presentation by 4new from the North American Bitcoin Conference:

A lot of the environmental technologies producing electricity is not stable. For example, solar power is not available at night and you have to store the electricity in batteries, which have expiration dates of their own. When I calculated the feasibility of solar power for my own home, I had to include the expiration dates of the accumulators, because if I had to change them after five years, the cost would be too high. Wind power has the same problem, it has to flow at a certain speed. If the wind flows too slow, it will not turn the turbines, but if it is to fast also, it will screw up the turbines the same, so there is a breaking mechanism that stops the blades when the wind picks up over a certain speed. None of these are reliable and continuous, so some cities, for example, have a 15 percent renewable energy policy, you cannot go above that. With the trash converting into electricity and using it right on the spot, none of these problems exist. The energy is continuous and it is reliable, if you made the arrangements so that you have trash arriving all the time. Here is an animated gif I made for 4new:





The other problem, high investment will be solved with this problem, the platform already collected 40 million USD, and their hardcap is 70 million USD, so it will be just fine and dandy!





Website: https://4new.io

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