Green Mining Company To Reduce Coin Generating Energy Costs By Harnessing Renewable Power
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Below is our recent interview with Alec Beckman from Bitcoin Green:. Alec, could you provide our readers with a brief introduction to Bitcoin Green?
Bitcoin Green is two things: Secondly, a cryptocurrency that is dramatically faster, cheaper, and more scalable than Bitcoin in its current form. We solve these problems by using proof-of-stake with masternodes to secure the network, instead of proof-of-work. As an awareness campaign, we will be educating the public green bitcoin mining the problems of proof-of-work and the benefits of proof-of-stake through future blog posts, partnerships, documentaries, talks at environmental and blockchain conferences, and many other means.
Bitcoin Green uses a masternode governance mechanism whereby holders of green bitcoin mining coin will vote on green bitcoin mining design decisions to prevent centralized governance problems that lead to hard-forks. This means that anyone can mine Bitcoin Green, without the need for specialized computer hardware. Right now not many people know exactly how and why proof-of-work is bad.
Even fewer understand how proof-of-stake solves those problems. We aim to change that and green bitcoin mining the technology mainstream. A premine was performed whereby 2. Under 10 individuals received 7, BITG or more. The maximum inequality between largest and smallest holder was then 5 green bitcoin mining 1. The proceeds from this initial distribution is what funds our initial major costs, such as exchange listings.
The vast majority of the total supply, Right now, most people in crypto just assume mining is something only possible for green bitcoin mining with powerful computers, warehouse space, and lots of technical know-how.
All you have to do is buy coins, send them to a special wallet program that validates transactions, and you receive freshly-minted cryptocurrency just like a traditional miner. Besides solving all the problems associated with proof-of-work, we believe the ability green bitcoin mining receive passive income from your holdings will be extremely attractive to those in the cryptocurrency community. Bitcoin Green aims to lead the front on raising awareness for this powerful technology, since we are the first proof-of-stake Bitcoin implementation.
Within the next month, one of our biggest deliverable is our blog series. It will initially be a 3-part series, 1 an intuition-builder for network consensus, proof-of-stake vs.
We will also be kicking off our bounty and airdrop campaign very soon. We will ultimately distribute the entirety of the Awareness Fund to community leaders and participants, green bitcoin mining building a community of stake-holders will be a huge part of the project. We also have 2 exchange listings coming up. Keep in mind this project is 2 months old, so a lot is developing and progressing rapidly. You can check out our detailed roadmap.
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