The cryptocurrency ecosystem is getting crowded by the day. So, for any newcomer to make an impact, it must combine innovative features, support the people’s cause, and be usable in the real world.
The Pieta network is doing just that. With the hope of minimizing the energy consumption expended during cryptocurrency mining to the barest minimum, Pieta is introducing a solar-powered crypto mining system on the blockchain. This will cut the cost of electricity by using sustainable energy sources and protect the environment.
Pieta certainly captured the world’s attention when protecting the environment is concerned as the insistent complaints of the amount of energy consumed by cryptocurrency miner/mining were becoming an issue to the world.
So, What Is Pieta?
Pieta is the first eco-friendly blockchain project that is trying to cut cost and energy involved in cryptocurrency mining. It is doing this by focusing on more sustainable energy sources that will reduce our carbon imprint; which is easy and cost-effective, beneficial to the environment and people as a whole.
How Does Pieta Intend To Achieve That?
In what may seem like a lifetime feat for others, Pieta has introduced a new algorithm, X20. This algorithm will reduce energy consumption and cost of mining cryptocurrency by 50 percent but also available to anyone interested.
Pieta is the vision of decentralized power propagating renewable energy among big industry investors and to the common people in the society.
The Issues With Traditional Cryptocurrency Mining
Asides from the high cost and high consumption experienced by cryptocurrency miners, there is an imbalance in the number of coins mined in comparison with the cost and consumption. In other words, mining is so expensive and doesn’t necessarily yield the expected reward.
The High CO2 Emission
The high energy bills incurred by miners, disruption of the environment, and CO2 emission are two areas that go against protecting the environment.
Lack of access and education of the blockchain features and support in most countries or how to use it when it is accessible.
The Pieta Solution
• Provide an efficient renewable source of energy that is available for all, affordable and helps keep the environment clean and safe
• Using the X20 algorithm with ASIC solar hardware to cut mining cost and energy consumption by half
• Providing cleaner and safer renewable energy source of all
• An efficient cooling system using the X20 hashtag to cut cost and increase mining efficiency
• Lower electricity bills making mining easier and profitable
Benefits of Investing in Pieta
• Trading on another exchange platform
• The Pieta coin has been listed on the P2pB2B exchange platform allowing users to trade with other top coins like BTC and ETH
• Access to the marketplace and merchants across the globe
• Pieta is looking to bridge the gap between merchants/marketplaces and consumers by linking people to more businesses that accept cryptocurrency
To Wrap It Up
Pieta X20 algorithm provides a greener planet by cutting the carbon emission. How? By combating the problem of high energy cost and consumption in cryptocurrency mining through renewable and sustainable energy source like solar.
Important Information
The token sale of Pieta is still live. You still have a chance to contribute to Pieta project, ICO Sale will last for 51 more days and will end on 14th of November. The token price is 1,5 USD at the current moment, and more than 80 percent of current batch are sold! Pieta price will increase with following ICO rounds, starting at 1,5 and peaking at 5 USD per coin. Hurry up and do not miss your chance to take part in the future of crypto currency mining.
If you wish to know more about Pieta project, please visit the following links:
Website: https://pieta.network
Whitepaper: https://pieta.network/WhitePaper.pdf
Blog: https://pieta.network/blog/
Telegram: https://t.me/pietacoin
Autor: @nik95rnd