In the early stages, the notion of green computing was presumed by most people as a goal for only environmental organizations, however, recent times has seen the concept being adopted by businesses in industries. The blockchain and cryptocurrencies have also done exceptionally well in many industries it has been applied to. Despite all these good sides, research conducted worldwide has brought to limelight the impacts mining of cryptocurrencies has on our environment. The mining of cryptocurrencies has raised concerns by many organizations and individuals across the globe and has made people start to discover eco-friendly ways of carrying out mining activities.

The aforementioned issue has led to the emergence of Dago Mining who are poised to revolutionizing cryptocurrency mining industry by implementing a business model that will make the entire mining process profitable and at the same time promoting a greener environment. They are going to achieve this by leveraging renewable sources of energy and using them cryptocurrency mining.

What is Mining in the context of cryptocurrencies

Cryptocurrency mining refers to the process of validating a transaction for a cryptocurrency and adding them the blockchain digital ledger. Because cryptocurrencies aren’t regulated by central authorities, it is supported by millions of computers around the world usually know as crypto miners. The miners are responsible for recording all executed transactions data in a public record that can be accessed by everyone for transparency sake.

Anytime someone makes a payment (transaction) with cryptocurrency let say Bitcoin as it is the widely used and mined, it is the duty of miners to guarantee the authenticity of information and updating the blockchain with the transaction according. As stated earlier, mining involves millions of computers and as such competition is intense among miners. Cryptominers are required to solve a complex mathematical puzzle in order to guess a hash for a block containing several transaction data. The entire process demands sophisticated and dedicated computing resources such as ASIC miners and above all poses a threat to our environment. The hardware used in cryptocurrency mining is relatively expensive and consumes a large volume of electricity. These factors have made mining not profitable for most people because the cost involved outweighs the returns.

Dago-Mining Solution Model and Approach

Dago-Mining solution to the mentioned problem is discrete in nature and consists of three innovative technologies making up their proposed mining system. Let us delve deep into these distinct but incorporated technologies:

Producing its own electricity:

As highlighted in the previous paragraphs, energy usage is a crucial component in the mining process. Miners spend much on electricity bills which even exceeds their profit from mining. Having a problem of this nature at hand, Dago-Mining focuses on producing their own electricity for the mining process. They plan to adopt the CSP-Fresnel to convert heat to energy by making use of sunlight concentrating mirrors and steam turbines. The set up will be able to produce energy even at night and saving energy cost.

Storing of electricity generated:

As we are all aware that renewable energy usual have ways and systems to store them for future use. Dago-Mining also wants to come up with proprietary storage systems that are safe to use, sustainable, high performance, and cost-effective.
Dago-Mining battery Composition:

saltwater electrolyte
manganese oxide cathode
carbon phosphate and
titanium composite anode and a synthetic cotton separator.

These high-performance batteries will help use all solar energy stored and serve as a cost-controlling mechanism.

Mining Equipment:

There mining hardware all over the market, however, each one of them has its own attributed challenges. To help in achieving their motive of “profitable mining”, Dago-Mining plans to leverage the product of GMO (a 33nm 7nm ASIC chip with consumption of 3.4Kw). They will be responsible for assembling this hardware which makes it possible to integrate components which are most efficient and comes with a higher renewal speed at lower costs.
Beside these configurations, there will be an Immersion Cooling that will help significantly reduce operational and yield better performance.

Conclusion

Dago-Mining is embarking on an adventure which will improve how cryptocurrency mining is done and at the same time advocating for a greener environment. Their approach is mind-blowing but feasible considering their team and other relevant factors. They have interesting arrangements for their various stakeholder, most importantly investors.

The dago-mining token sale is live now and will last for a couple of months. Become an early bird today and reap all the benefits Dago has in store for its loyal community.

Dago-Mining: Extraction of crypto-currencies through Green Energy from a self-sufficient mine.

What is Mining in the context of cryptocurrencies

Dago-Mining Solution Model and Approach

Producing its own electricity:

Storing of electricity generated:

Mining Equipment:

Conclusion

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