Excess solar, hydro, and wind energy is lost locally when production outstrips usage and capacity.
This lost potential can be tapped by Envion's MMUs as they were designed to utilize alternative energy over-production that can be purchased at lower prices and dedicated to cryptocurrency mining for drastically more efficient operations.
Less than one-fourth of energy produced and consumed in China is renewable.
Instead, blockchain mining has become highly centralized and controlled, thereby blocking out what could be diverse participation in a market that should be global-wide, but is not.
Envion's CEO, Matthias Woestmann, said, "Someone will do the mining somewhere on the planet." With this mobile solution, many can mine, and mine everywhere on the planet without regard to centralization and with more individuals participating and benefiting than is currently practical.
As the availability of cryptocurrencies expands beyond Bitcoin, Ethereum, Litecoin, etc., so will opportunities to mine them, but only for those that can afford to expend computing power, and therefore energy, to take advantage.
Currently, China holds the Bitcoin mining market captive thanks to its resources, but Envion aims to change that with mobile mini data-centers designed to be deployed in CSC containers.
Cryptocurrency was invented to disrupt the way capital operates, and Envion intends to disrupt cryptocurrency itself by drastically altering access to blockchain mining.
Envion's Round 1 ICO begins December 1 at just 70 cents per token with a projected ROI of 161% per annum with a 25% reinvestment requirement, and a commitment to apply 91% of generated funds to manufacture and deployment of MMUs, with a modest 9% of the proceeds to R&D and administration costs.By off-loading the thermal energy generated by the MMU's crypto-mining operations onto nearby structures that need heat, Envion is developing energy opportunities that can simultaneously reduce their carbon footprint and that of others.Although Envion could offer its patents to corporations, the startup has its eye on honoring the spirit of decentralization inherent to cryptocurrency.Cryptocurrency mining is energy-intensive, and the computing power required results in generation of heat, thus the need for enhanced cooling which further increases energy costs.By tapping the thermal energy produced from mining operations to heat nearby facilities, the mobile data-center produces energy even as it consumes, creating an opportunity to lower costs by leveraging, rather than losing, thermal output.Sign up for a free Coinbase account to get started!