Crypto&Energy: Combustible Ice, alternate energy and Crypto mining.

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(Edited)

Japanese and Chinese flammable Ice miners Team on the South China Sea


Green energy is the future, it is also the best to mine crypto energy considering power dissipation and consumption. Mining is another huge entity on the Blockchain as well as trading, Sometimes it pays more than trading if you have the necessary rigs set up for optimum outputs. However, it comes with a huge energy consumption and no individual mining at large capacity won't have a fall out with your resident district officials and or private/government power sectors.

Solar energy and Wind Energy still remains the common energy source. Yet, the wind turbines you see cost a fortune as well as the hybrid solar grids. The good thing is that, they can be owned by private entities, individuals with license from the government with nasty terms and conditions as applicable in the country where I reside. If you must set up a private power grid, be it alternative and green energy or conventional fossil fuel energy, you must produce double of the capacity you need and relay 50% back to the national grid.

Meaning you can't feed your friends or neighborhood energy, the power companies will control half of your energy generated and sell it back to the people around you. Dirty business huh?

So mining Cryptocurrencies could be daunting if there was no readily available energy, generating energy privately could also be stressful process like i explained earlier. Now its not the hashrates and the sophisticated algorithms by supercomputers that is the problem. That's why its becoming more expensive to mine Bitcoin and some other crypto, you could end up on the losing end at the end of the day if the amount you spent on power is above what you earn from the whole mining process.

Renewables(wind energy solar energy etc) Fossil fuels, Oils mined from inside the Earth-crust and under the ocean are energy sources that could be used to do this sophisticated calculations(mining) but they come at some disadvantages over another. Renewable energies like Solar energy, wind energy, Biogas are the common alternatives fossil fuels. Yet, each region have perculiar shortcomings and one of these fits in places where other's don't fit.

WHAT DO YOU KNOW ABOUT FLAMMABLE/COMBUSTIBLE ICE

China has successfully extracted "Methane Hydrate" also refered to as Flammable Ice from the trial mining sites in the South China Sea. This is a frozen mixture of water and concentrated natural gas, another energy source, a special type of fossil fuel which could substitute for Diesel and Petrol as well.

For volatility test, it can be lit on fire in its frozen state, also a natural gas that could power houses and heavy mining equipments. This means, in polar regions and places with extremely low sunshine and or Wind, this is the perfect replacement for energy needs.

Wind and Sunshine have conditions to supply wind turbines and Solar panels, flammable ice fits in these places and could also lower carbon emission to some barest minimum level.

Irrespective of how advanced we humans are, we can't live without certain things anymore. Such as power, internet, heat in our homes and so on. Power outage for days could make some people lose their minds, so is not been able to mine certain cryptocurrencies due to energy problems, which is becoming common source of living for people all over the world.

Ref:

China, Japan mine combustible ice from sea floor

Posted Using LeoFinance Beta



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