LONDON – February 8, 2018 – With energy consumption of each bitcoin transaction equal to 17.5 U.S household’s daily consumption as of January 31, 2018, sustainability and feasibility of cryptocurrencies has been fiercely debated by both proponents and skeptics alike.
4NEW’s elegant and efficient end to end solution, figuratively, enables blockchain to have its own battery pack with global and scalable ramifications. In an environment where conventional power providers are shrugging away from crypto mining operators as witnessed earlier this week by Bitmain. Additionally, Chinese power plants are also scathing away from crypto mining operations amid regulatory pressures. Given the lack of options to sustain crypto mining globally, one company, 4NEW, has decided to usher in a new era for cryptocurrencies by providing all its power output to crypto-mining farms.