Bitcoin Forum

friends, Good day to all! The cryptocurrency world does not stand still and, as it seems to me, any projects facing humanity can make excellent projects that will benefit people! What do you think?

undoubtedly, I support everything that you say. Please note that the most expensive resource is the energy consumed by mankind. And most countries use fossil fuels to meet their energy needs.

the way it is. By the way, I think that it is worth pointing out that it accounts for almost 77% of the total fuel consumed by Central European consumers for their needs. Atomic energy is 14% of the total. energy, only the remaining 9% - from renewable energy sources.

friends, I recently appeared on this resource and, accordingly, do not understand all the intricacies of this industry. tell me how energy consumption is related to the cryptocurrency world? What happens if this project becomes popular? Although I think that the unusual theme is well-grounded.

firstly, it is energy extracted from fossil fuels that is used for the extraction of cryptocurrency. you need to buy more powerful ASIC servers that will consume even more power. This is due to the fact that the extracted cryptocurrency does not cover the cost of electricity.

but for whom will the proposal of the developers of this project be relevant? In general, I am most interested in what exactly they offer. How much humanity can save on electricity. To be more precise, how financially profitable is the project?

its literally a single infographic : /
no links at ALL? :(
im not big on ICOs generally, but this one has no chance imo
we have seen like TWENTY "green mining ICOs"
they ALL go scam or fail :(
your roadmap just has like 10 rounds of fund raising planned and not much else :P haha

I think that the project is very profitable financially from the point of view that, firstly, farms will consume much less electricity. By the way, now the average European consumes 27 megawatt-hours (MWh) per year, including all household, industrial and transport needs.

by the way, a medium-sized farm can consume up to 20 MWh of electricity. It is almost the same. And in general, it is worth investing in the VenusEnergy project not only for his beautiful idea - “A Cleaner World”. Remember this idea of ​​a pure world.

I do not quite understand what will result in cleaner electricity consumption, and most importantly, economical. What is this ecological way? I also thought now about what the current method of producing electricity is fraught with. These are greenhouse gases that are released into the environment and deplete the Earth’s resources.

I would also add a few words about the temperature increase, which has recently been considered too fast. This is due to the increasing consumption, in particular, the consumption of electrical energy. It will lead to irreversible consequences for the environment and not only ... I think this is a big problem for humanity.

as regards environmentally friendly methods, this is the use of renewable energy sources, which sufficiently reduce the greenhouse effect. Such sources of electrical energy as the sun, wind, geothermal heat, are natural energy resources, the appearance and renewal of which depend on the processes of nature itself.

then I can conclude that Renewable energy sources should be of great interest to bitcoin “miners”. This is a much higher percentage of profit, plus the preservation of nature and a decrease in the greenhouse effect. Many people say that bitcoin is bad, but in fact, it is very good.

I agree, this has its advantages, as there is a solution for the problem of reducing the temperature. I am pleased that VenusEnergy supports the idea of ​​a pure world. This can be considered and such an advantage, as an increase in earners, and not just profits.

yes, I totally agree with you. Just think about what would happen if electrical energy was produced by solar panels and wind power plants. Renewable energy sources account for only 19% of the production of electricity, of which 16% is produced by hydroelectric power plants and 3% from other sources. Why is it not so popular today?

I am also sad that now it is not so popular. I am also sad that, unfortunately, people do not care about the planet at all. I know that renewable energy sources are quite expensive, however, it is necessary to study fully and completely the advantages and disadvantages of both thermal power plants and renewable energy sources.

I am as confident as the team is that there is an opportunity to reverse this tendency. People use power plants for the simple reason that they are the most common type of power plant in the world and prevail in countries that have enough fossil fuels or import large quantities of it.

any system has both advantages and disadvantages. In this case, it is consumption of depleting resources, dependence on transport, relatively expensive energy production, significant pollution. But on the other hand, it has an uncomplicated and inexpensive construction, it is convenient to assemble with it not far from big cities and many other properties.

in addition, it is the consumption of various fuels, relative safety. But I repeat that we should not forget that thermal and nuclear power plants, other enterprises that supply and use electrical energy and heat, emit a significant amount of heat into the environment.

As a confirmation of this, one can cite the use of water from natural reservoirs, which is then returned by them to cool the equipment of power plants. This process has a negative impact on the environment, and there are quite a few factors.

One study predicts that it is possible that the climate will change to such an extent that 18–35% of the 1103 species of animals and plants on Earth will disappear by 2050. It is sad that few people think about it. I would really like to be part of the VenusEnergy team to do a good job with them.

to be honest, I'm afraid to interact with cryptocurrency, because this is a fairly new area for me. But now, when I learned more about this project, I also want to become part of this community. I believe that the team does not want to wait for radical global change.

in addition, one of the goals of the project is to encourage mutual communication between people without the intervention of any intermediaries, which is beautifully illustrated by the blockchain network and the idea of ​​bitcoin. VenusEnergy proposes to use renewable energy sources to perform computational work in the blockchain network.

this will be one of the small steps towards a better and cleaner life for humanity and a big step for the new blockchain technology with increased computing power to help it become massively used and maintain competition with modern systems, such as payment systems. system.

I think that if we decide to use the proposed solution, mining will be cheaper if more people can execute them; Earth’s resources will be saved, and greenhouse gases as well as global warming will be reduced. This will be a great contribution to the development of mankind and the preservation of the resources of the planet.

it is to take into account the words of Thomas Schelling, a professor at the University of Maryland. He says that the risk that current climate control actions will not be sufficient will be up to 50 percent. It is necessary to take actions to minimize these risks.

friends, I would be grateful if you could tell me in a few words what the essence of this project is. I heard that environmental problems now occupy a leading position in the world, because people do not care about the planet at all and do nothing to save its resources.

you are absolutely right. This project is for us. The developers have designed an idea of ​​the kind that the electric energy that is produced by power plants will not be extracted by them, but by renewable energy sources. This is an environmentally friendly project.

but renewable energy sources are so expensive! Yes, they do contribute to reducing greenhouse and exhaust gases, but they are not as popular as thermal power plants. How, then, will the trend of these power plants be reversed?

my friend, in fact, everything is quite simple. First, mutual communication, which is one of the goals of this project, will be perfectly combined with the blockchain network and the idea of ​​Bitcoin. It is worth noting that with this project, bitcoin mining will be much cheaper, which will positively affect its image.

with this I fully agree. Moreover, the computational capacity will increase, which will help the blockchain network to be used on a massive scale and to maintain competition with other similar systems.

by the way, by similar systems you can mean payment systems. However, they use intermediaries, and in the case of the blockchain this will not happen. In addition, renewable energy will be used to perform computational work in the extraction of cryptocurrency.

this is a great relationship, I think. I am sure that this idea will be quickly adopted in society. However, not all people use cryptocurrency, so it is necessary for it to become a mass product, since it is now available to a limited number of people.

guys, I think that VenusEnergy was invented for this purpose. Just think about the scale of the development of cryptocurrency and what additional popularity Bitcoin will acquire. Now it is inaccessible to many people due to the inability to mine it, since a large amount of electricity is spent on it. Now it will be much easier thanks to this project.

we began with the fact that Earth’s resources are being depleted due to the use of power plants. But it is worth noting that participation in this project will have only one benefit: more people will be able to extract bitcoin, Earth resources can be saved as much as possible, and the amount of greenhouse gases and the level of global warming will be reduced.

as far as I understand, the price of Bitcoin is formed just on the basis of the high cost of electricity? It turns out that if this revolutionary project will gain worldwide popularity, then the cost of Bitcoin will drop sharply? What other advantages for bitcoin are there?

yes, the price of bitcoin, which is currently formed on the basis of the relationship between the price of electricity and computing power, will be simplified to the cost of computing power. But the price of electricity will not affect the calculations in the blockchain networks so much that it will be necessary to expand the number of people and equipment to perform the calculations.

Just curious - why Lithuanian team made a site in English and Russian? Russians (and also those who speaks Russian) are  not that fond on being green or support it and I doubt you can find a lot of supporters  there. Why not target  nations who really spend a lot for green future?

it seems to me that an increase in the number of people who extract bitcoin would increase not only the transaction times, but also increase the network security level: the network will develop and reach a faster version faster; and revolutionary technology can become competitive with the technologies currently available. Don't you think so?

in general, yes. For comparison, it is worthwhile to cite some facts about the consumption of electricity by mining farms: the calculation of all bitcoins in a blockchain network consumes as much energy as a medium-sized country, such as Denmark or Ireland. I think it is worth taking into account before you begin to doubt the realization of the VenusEnergy product.

the implementation of the VenusEnergy proposal will lead to the fact that more and more people will start mining using renewable energy sources, which, in essence, will contribute to the idea of ​​clean land. For me it is very important, because I know that we will be of great benefit to the planet.

this can be a good start and an example of switching to renewable energy in other areas. The massive use of renewable energy sources will also contribute to the promotion of industry; more and more solar collectors and wind power plants will be produced; these technologies will be developed, and their quality and efficiency will also improve.

friends, and as such renewable energy is what? What are the components of them? As I understand it, the sun is a renewable source of energy. And what else is included in them? It seems to me that the developers should have considered this moment.

the Sun is a common source of energy, and renewables include solar panels, wind power plants. It is a pity that in production their percentage is very small - only 19%, while the remaining percentages are thermal power plants. I do not know why it is not so popular now.

above we talked about this. Renewable energy recovery is an expensive procedure, because devices that effectively recover energy from renewable energy sources are expensive and their efficiency is low.

friends, this is as clear as day - thermal power plants are the most common type of power plants in the world. They often feed on mineral fuels (petroleum products, bituminous coal, natural gas, etc.), biofuels, public and industrial wastes.

and they are also popular in those countries where deposits of fuel in large quantities. An example of such countries is the United Arab Emirates, Kuwait, Qatar, etc., it remains to be hoped that someday it will be possible to reverse the popularity of power plants and draw public attention to a green world.

I think that it is worth paying attention to the advantages of using renewable energy sources. their use reduces global warming and the emission of greenhouse gases into the atmosphere, which improves the state of the Earth from different points of view. Their sources are natural energy resources, and the main source of almost all renewable energy is solar energy. As far as I know, there are a number of countries where renewable energy sources are quite popular.

RES usage is growing rapidly in North and South America, Europe and Asia. Among RES, wind and solar power industries are particularly popular. I refreshed knowledge from the school curriculum, but it turned out that this information is in white paper. The developers have really tried!

I would add to this that the largest consumers of renewable energy are China, the USA and Germany. Rapid growth is observed in South Korea, Australia, France and other countries. Therefore, I would not say that this trend is not popular.

if my memory serves me, then renewable energy sources can be used in several sectors. In which of them does VenusEnergy plan to operate? Will it be biofuel or geothermal energy?

my friends, you are mistaken. VenusEnergy plans to concentrate its activities in the sector of wind and solar energy. In addition to these sectors, there are still wind energy, solar energy and those 2 types that were voiced by the previous commentator: biofuel and geothermal energy.

I believe that humankind itself is to blame for these environmental problems that arise in the world. We should be responsible, for example, for the ever-increasing level of carbon dioxide in the atmosphere. Especially after the industrial revolution. This project should help all of us understand that our planet is in danger.

how will this help us? The use of non-environmental products that do not reduce, but rather increase the level of the greenhouse effect, is becoming increasingly popular. An example is China, which continues to develop its wind energy structure.

I heard that China currently does not agree to take measures to reduce the greenhouse effect, asking for economic support from other countries. What will be then with our planet? After all, the use of non-ecological products not only increases the level of the greenhouse effect, but also affects people’s health in a negative way.

I totally agree with you. This is becoming increasingly problematic from the point of view of the impact not only on the climate, but also on the health of people and other animals, as well as ecosystems, and the ever-increasing amount of carbon dioxide in the atmosphere causes adverse processes.

then I do not understand the following details. If thermal power plants are simple to install, cheap and, in principle, popular, then why use renewable energy sources? Just because they negatively affect people and the planet? I am completely new to this topic.

of course that's why. Yes, renewable energy sources are expensive, and their installation and connection to the electrical network of the system, including the purchase of land for construction, asphalt roads passing by land and many other components, is also expensive. But it is safe for all of us.

as far as I understand, you are now referring to the installation of wind structures, right? This really applies to one of the ways to use renewable energy sources. Just why the wind? There are other sources, biofuels, for example.

I also heard that the wind is an energy resource that does not cost anything and that the electrical energy generated by the wind power plant is also worth nothing. But I know that wind farms are too expensive to use. One installation is worth ... ???

however, wind power plants are much more expensive than operating conventional methods of producing electrical energy using solid, liquid gaseous fuel, which requires reimbursement of the cost of purchasing fuel and delivering it to power plants.

it should also be borne in mind the burning and removal of ash for the purification of smoke and water in collagens. Wind power plants are not so expensive, so the theme of the developers that it will become very popular is absolutely correct and their expectations will be met. From participation in this project will be some advantages.

you probably see advantages in this as a miner, because a very large amount of electricity is spent when mining cryptocurrency, especially Bitcoin, which is why it is so expensive and popular among those who have the means to purchase it.

and I support the developers in this thread. Surely they explored this topic and know that solar energy will become the world's largest source of electricity by 2050 using solar photovoltaics and concentrated solar energy, which will be 16 and 11 percent of global total consumption, respectively.

yes, that's right. This is not bad data. In addition, in 2016, after another year of rapid growth, solar energy produced 1.3% of world power. People are just used to using only thermal power plants. And the developers develop the theme of an environmentally clean world.

you are a little mistaken. People began to consider power plants using renewable energy for a very long time. For example, the Ivanpah solar power plant with a capacity of 392 MW, in the Mojave Desert in California, is the world's largest solar power plant. And there are many such examples!

I would also add a Solnova solar power plant with a capacity of 150 MW and a Andasol solar power plant with a capacity of 100 MW in Spain. Solar projects are currently being developed that exceed 1 GW. But, if I am not mistaken, completely different capacities are used.

Most of the deployed photovoltaic cells are located on the roofs of small buildings with a capacity of less than 5 kW, which are connected to the grid using final metering and / or feed rates. Therefore, in part, yes, this is a different power.

friends, I would also like to raise another pressing issue. Who will benefit from the project? To be more precise, what will be its main value, because according to its goals, I approximately understand what it represents.

the main goal, of course, is a commercial platform based on the use of renewable energy sources for the production of electrical energy. And considering that this topic is related to cryptocurrency, this implies the following: investors will be able to earn not only on the production of cryptocurrency, but also on the sale of electricity.

but not only investors, but also ordinary users, as well as coin holders will be able to earn. All this will be available after the launch of the platform. hence the benefits: developers make it possible for investors to earn money, and funds are distributed to create platforms that use renewable energy sources.

friends, I, as a future member of this community, have already figured out the details and found out that investors will get quite good benefits. For example, this is the ability to extract more than 24 cryptocurrencies in real time. Imagine how this project will become popular? I imagine this: there will be a lot of participants.

do you also know about this? I thought I alone found out about 24 cryptocurrencies. Also, very importantly, the VENUS coin will be placed on stock exchanges and will have liquidity, which will allow investors and users to trade currencies on the exchange. For me, for example, this is important because too many cryptocurrencies appear on the market.

guys, you forgot to mention one more advantage gained from participation in the project - the additional integration of contracts that will open up the opportunity to sell directly generated electricity. This is an additional property, as I understand it, but it also plays a big role in attracting a large number of participants.

let me add one more thing: Production contracts are distributed in such a way that the user gets a threefold increase in the investment. I'm just amazed at this developer tactic. They create all the conditions in the name of pure peace!

I think that this is exactly how we should contribute to solving the problem of global warming - starting with ourselves. This should help other platforms pick up our idea and apply this principle not only in regulating global warming, but also in other areas.

yes, this is exactly the case. The developers' goal is a synthesis between the desire for a cleaner world, and the commercial main, which will be a good aggregator for attracting an increasing number of users, building more platforms for the production of electricity - scaling the platform.

for me, as for the future investor, some details are important as to whether the coins of a project are listed on the stock exchanges. What can you say about the coin VENUS? Will it be placed on stock exchanges?

hello friend! In addition to being placed on stock exchanges, it will also have liquidity. And this is just the result of that very importance for you - you will be able to trade currency on the exchange.

this project has many more cool advantages. I believe that developers want their idea to be supported by other platforms, not only in the clean world, but also in other areas. I am sure this will be supported.

then I can not wait when the coin will be placed on the exchange. By the way, when will this significant event happen? Also tell me how much cryptocurrency can I mine? What is the mining threshold? I notice that the project offers quite favorable conditions. what is it connected with? What is its main purpose?

you should take a closer look at the details in white paper. First, the developers' goal is to create a commercial platform that would use coin mining with the participation of renewable energy sources. Secondly, the coin will be placed on the exchanges after the ICO.

project has great potential. Specifically, this and others like it will also be promising over time, as the BlockChain technology market grows, and with it the importance of renewable resources and interest in the sustainability of this trend grows.

it would be much easier if Blockchain became common in the daily lives of people. In addition, with him to extract currency is much cheaper in terms of energy costs, you probably know it. It is also a subsidy, which can also be attributed to the possibilities of further development.

friends, I think that this is not the only system in the world that offers such conditions. however, even such a system certainly has its weaknesses. If you understand what I mean, I suggest discussing this. For example, the reluctance of the market to invest. What do you think about this?

I believe that this is the reluctance of a separate circle of people who do not have information about the cryptocurrency world and are afraid to interact with it, are afraid of losing the invested funds. It is for this reason that not everyone invests in Bitcoin. It is not only the most expensive digital currency, but also investing in it is also not cheap.

strengths, it seems to me, still benefit, because there are more, and they are more significant. Moreover, these are benefits from participation in this project and the result of environmentally friendly interaction, if you can call it that. I think the main one is the reduction of greenhouse gas emissions.

I think it is worth mentioning the many partners and high ratings on the ICO review sites. It is also a simple and secure transaction process, community activity and many other benefits. But the reduction of greenhouse gases is also important, here I do not deny, since this is a big environmental problem. But what is a whole greenhouse gas?

it is a complex natural process leading to global warming. To some extent, greenhouse gases are even useful for Earth and climate processes, but due to emissions of carbon dioxide, methane, nitrous oxide and other gases into the atmosphere, the established balance fails, which causes global warming.

I read about this and the consequences of global warming. It terrified me, because one of the studies predicts that the climate may change to such an extent that 18–35% of the 1103 species of animals and plants on Earth will disappear by 2050. This is sad and something needs to be done about it. So, the idea of ​​developers to develop renewable energy sources through cryptocurrency should be crowned with success!

it is absolutely right. The benefits of participation in this community will be not only for investors who will trade currencies on the exchange, but also for our planet, since renewable energy sources will become even more popular, and this will avoid the consequences that we described above.

as I understand it, the strategic goal of the VenusEnergy project will be as follows: ASIC server farms will be built for the extraction of cryptocurrency, and they will be supplied with electricity generated from renewable energy sources. What exactly? As I recall, there are several renewable energy sources.

renewable energy sources - wind power plants, which are located in Lithuania. The coastal region of Lithuania is ideal for windmills, as this region has the highest wind power in the country. Read the details in white paper: there are detailed tables from which you can understand how profitable it is to use wind turbines for the extraction of cryptocurrency.

but after all the prices for the electric power grow every year. How profitable are investments in wind power plants in this particular region? How high is the occupancy rate?

yes, the electricity really rises in price; however, the prices of electricity produced at VenusEnergy wind power stations will be fixed. Moreover, today the price of energy produced by windmills is much cheaper than the price of electricity purchased in electric networks (the difference is for 1 kW / h = 0.008 euro).

in addition, I would also like to note that all these conclusions are not unreasonable: an extensive study was carried out, according to which the operation of wind power plants in Lithuania is most beneficial due to its geographical position, especially on the Baltic coast, where energy will be produced for 365 days year with a wind force of 3.5 m / s.

there are also calculation parameters: the price for the purchase of excess energy from wind power plants was adopted in accordance with “Resolution No.. O3E-171 ”and amounts to 0.047 EU per 1 kWh (excluding VAT), with VAT it turns out: 0.039 EU. And the term of operation of a wind power installation is about 20 years. In general, this is a truly eco-friendly way to reduce the greenhouse effect and slow global warming.

I think that for this you need to be a little more responsible, because it is humanity that is responsible for what the planet will be in a few decades. Developers do not want major changes in climate and the death of animals and plants, so their idea will be 100% appreciated by everyone who cares about our world!

By the way, regarding occupation, it should be said that the investment pays off after about 8 years (BEP = 8). A high return on investment (ROI) of 12.5% ​​indicates a good return on investment. Yes, this is not a few months, it takes time, but as a result we will get a much better result in the form of an environmentally clean and green world. I think this is more important.

The main question remains: how much cryptocurrency was chosen for production through renewable energy sources and how are they mined? I mean the algorithm that is being used. As I recall, there were about 24 cryptocurrencies. I think it will be the most popular coins.

evaluating the volatile and constantly changing course on the cryptocurrency market, it was decided to choose the most stable and promising currencies for mining. You can familiarize yourself with them in white paper in more detail, but I remember for sure that Bitcoin is among them, Ethereum is both conventional and classical, and many others.

by the way, as regards the algorithm, different algorithms will be used in mining. The equipment, of course, is ASIC servers, which are the best option. But there are some nuances: due to the manufacturer’s limited number of units purchased per customer, the purchase of a server farm and its connection to the network will be carried out in several stages.