Bitcoin Forum

THE PROBLEM
The main problem facing the cryptocurrency community today is that mining operations are using a huge amount of electricity in order to meet the mining needs of the various currency users. If we consider that coins such as BitCoin are only passing 7 transactions a second and newer coins process transactions at a much higher rate, the demand for electricity will become unsustainable within the next few years. However for the sake of decentralization many coins still consider POW (proof of work) as a worthwhile solution in order to deliver all true blockchain qualities to the coin users.

As national governments have shown a reluctance to switch to renewable energy, this means that most of the mining operations are still being powered by older, fossil fuels. Everyone knows the major downfalls of using fossil fuels including the general damage to the environment through both their mining and burning to generate energy and the lasting impact that this will have on our world if it is not changed.

However, despite all of the facts, it is estimated that only 22% of all energy (globally) will be from renewable sources according to the International Energy Association. This was also decided before the more mainstream adoption of cryptocurrency mining and its commercialization.
Electricity is used by cryptocurrency mining operations in two main ways. The  rst is by powering the actual GPU units and ASIC miners themselves. As the GPU units and ASIC miners are being used 24 hours a day, they generate a large amount of heat through their operations. This means that they need to be cooled in order ensure that they continue working. If a GPU’s temperature passed a key point, it will destroy the hardware, rendering it useless. Therefore the facilities that house these mining operations are required to be temperature controlled to ensure functionality of the mining hardware within them.

THE WINDMINE PROJECT

The WindMine project will have three main parts to it. The  rst part is to acquire a wind farm in Northern Europe (already completed). The second part is to deploy mining facilities utilizing latest available mining technologies allowing individuals to lease mining power/hashrate directly from the company to generate income. The third part is to sell excess electricity directly back to European districts to assist with energy shortages.
THE THREE PARTS TO THE WINDMINE PROJECT

1) Develop wind farms across Northern and North Eastern Europe within the European Union.
2) Allow individuals to lease mining power/hashrate directly from the company to generate income.
3) Sell the excess electricity generated by the wind farm to domestic regions within the European Union.

https://www.windmine.com

The project seems really promising and hopefully this will solve the problem prevailing. I am looking forward to this. The best thing I liked about the project is that it will allow individuals to lease mining power/hashrate directly from the company to generate income. I am sure that investors will like like it just like I did.

This is a great idea based on this we all know mining consume lots of energy and it is expensive enough based on this type of initiative may help our environment also can reduce cost also this is great step for environment.

We all understand, it's a good idea. I hope this will not be another project, which overuse on good intentions in preserving the environment.

Yes, I also agree that it is a very good idea because of the amount of energy that mining consumes and also the time your spend doing it. I hope this project will be very effective and will not end up being crashing on the way .

Wind mine is an interesting mining project. It is the first cryptocurrency mining project which will absolutely use no external energy. The energy is 100% renewable which will have no negative impact on the environment. This is an innovative project where excess unused green energy will be sold back to the market.

This is a very thoughtful project and it does seem to have potential to thrive in the future. Caring for the environment is what we all are concerned about nowadays. And the fact that mining does take up a lot of energy is something that has been bothering the environmentalist in the back of their heads. So using wind energy is a great idea indeed.

This is a very good initiative and a unique idea too, to be able to generate energy by using wind. Not only will it be a good thing for the environment, this will even attract more miners. Because mining does require a lot of energy and wind energy conversion is a great idea,. and it will save money too.

It can also be attributed to such projects, the project of Pavel Durov, who wants to solve the problem of transaction cost and transaction speed. I think his project is very promising. But when it will appear so far no one knows, but I think that by the end of 2019 we will see it for sure.

Such mining doesn't make me sure so I can't trust it. I am for the usual constant mining which is more reliable and stable in its profit. But there are some interesting facts in your article that can be very useful in choosing the right type of mining which can be used.

Yes it is true that there is a bit of a problem in electricity consumption due to mining causing fluctuations in profits that a miner could get along with mining difficulty and altcoin market prices specially in a bear market like what we have now. Tha project is really promising with the the solution of using renewable energy like a wind farm to be used for mining purposes which in return lower energy costs, the only problem that I see here is that the proposed project will do clould mining which has a bad reputation in the industry due to scams and if this project is going to be successful then it will change the view of investors that would want to do mining as an alternative way to make profits in the crypto industry.

I think this project will be great for the people who want to invest in ICOs as well as try to make a better eco-friendly world. I suggest going in the whitelist and do maximum research before you make an investment.

WindMine is en route to take care of one of the central issues of the blockchain - reduce the strains to nature caused by monstrous vitality utilization utilized for crypto mining.

The project is very interesting and it catches the eye by just its moto which is ensuring a eco friendly mining system. But it is just based in Europe. Moreover though they have a strong team, there is a room of improvement still now.

thaks for sharing such kind of interesting project. i have seen for the first time this kind of project which related to electricity. main part is the demand of electricity never fall down. if this project involve in cryptocurrency it looks really great.

i like the project purpose. energy storage and the extra electricity selling thought is really appriceated. hopefully this project have better future.

the windmine project about electricity is really a great idea.People will be benefitted by using this project. company will also be benefitted they can sell their excess electricity.

That sounds unique, so unlike other profit sharing mining programs this project will sell its electricity to miners and that electricity is produced from the renewable wind energy, looks exciting but i think i will need to study this project in more detail soon.

They serve their clients passing on predicted those advantages and would give best in class client encounter the base of their activities will be Bitcoin related.

Power is utilized by cryptographic money mining tasks in two fundamental ways. In this manner the offices that house these mining tasks are required to be temperature controlled to guarantee usefulness of the mining equipment inside them.

its market value are probable. it will do something good. it has better chance to prove itself. its economy flowchart are good. it will take a good position in 2018.

you are right its economy flowchart are very good. it will do something good in next year. its work plan are so nice. its future are more probable.

i am agree with you. it has more chance to do something good. if its provide better service than it will get top position. it future are bright. its economy flowchart are good.

it is good that you are having all the market recent updates ,which is very good move to have progress on the market but we haven't found any review about this topic cause it is still not that much famouse yet so hopefully we will able to get more updates about it soon

well it is not a very popular thing of this market and because of that reason I don't have much knowledge about it but as far I know it basically a wind system which some how relate with mining , if we wait bit longer then we will able to have more information about it

I appreciate you concern and I am glad you are asking for our opinions but I am really sorry to say that I haven't heard about it much so I suggest you to check the officially web of crypto currency hopefully you will get your necessaries information over there

There are many crypto project. Wind Mine is one of them. There are many things required for the project to done. It needs to develop the project and make more efficient to make it usable.

Your ideas is so great, I have never though about mining in this case, especially about wind mining which has so good predictions and I think it is promising doing.

I saw on the website that you linked it was not registered in the Netherlands for the WindMine project, why?
Because to my knowledge that the Dutch Country is a lot of its windmills, that is definitely one destination with the project that you are handling.

The transaction would always matter to the speed you undertake all along. Their are might problems that affect the status and and the standing of the project but that could be part of success either failed one. Their are a lot of promising project that cannot give the exact one but can give the best.

The problem you described (wasting energy on mining) can be solved very easily - switching blockchain
to the PoS (Proof of Stake) consensus. Proof of Work is just one of the possible type of consensus and -
as you see - not the best.