Crypto Hour Initiative For Miners During Earth Hour On March 24, 2018
Crypto miners around the world have been invited to this year Earth Hour campaign. It is by these miners turning off their hardware’s from 8:30 pm to 9:30 pm on 24th March. This initiative came from a Russian crypto community, the aim of this annual event is the hope for people to focus their attention on eco-friendly blockchain technologies.
The Crypto Hour will be taking place at the WWF’, World Wildlife Fund annual event that has been known as Earth Hour. The company that has been run by WWF usually encourages business to turn off their electric lights for just one hour every year; commonly it is done the last days in the month of March.
This year, the campaign has hoped to reach out to more individuals, thus inviting the various miners around the globe to also do the same, just to switch off their equipment for an hour. By these miners joining this humble initiative, they will demonstrate their commitment to carrying for the world and their social responsibility to the planet.
All this is in the hopes that the Crypto hour will make the various miners think of new ways they could greenify the technology surrounding blockchain. According to some estimates that were done, the bitcoin network consumes about 50 terawatt-hours of electricity in each given year, and this rate is rapidly increasing with the increased demand surrounding the crypto market.
Additionally, the mining of cryptocurrency also releases a lot of heat and cooling this specialised hardware also requires more energy. As a result, the Crypto Hour Campaign will lead the various authorities to create an effective eco-mining map. This map should show a clear indication where the various mining farms can be built; this should be in areas sources of renewable energy are close.
A Great Initiative For Our Planet
The Russian Federation will insist on taking the necessary measures to stimulate the proper flow of investments in these eco-friendly mining projects. It is definitely a move in the right direction, without us caring for our planet we will not be able to make the future investments we hope for.