HashGains Constructing Crypto currency Mining Data Centers on Sustainable Energy
What is the future of cryptocurrencies? Will these ever become a mainstream currency like the US dollar? Blockchain experts and crypto veterans strongly answer in the affirmative. No doubt, somewhere or the other, all of us wish to be a part of the latest cryptocurrency revolution despite the fact that it entails grave consequences and may leave an adverse effect on our green planet.
Estimates suggest that Bitcoin mining alone consumes far more power than the total energy consumption of the entire Bulgaria region. The process of cooling the heated mining rigs also involve a lot of energy. If crypto transactions are meant for the long-term, then what are the most sustainable and environment-friendly methods to carry out crypto mining? The answer is green power!
HashGains is a versatile player in the cloud mining industry and is all set to build its mega data centers in India and Canada which will facilitate the mining process for cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Zcash and Monero at a global level. HashGains started commissioning work of its data centers back in in October 2016 and its future goal of emerging as the leading cryptocurrency mining company in the world will be achieved by efficiently utilizing cost-effective, sustainable green energy.
“Our data centers will run on 100% clean and green renewable power resources, essentially power generated from solar panels and wind turbines,” said Anuj Bairathi, Founder and CEO of HashGains. Even the overall cooling cost will be reduced as a result of solar and wind-powered cheap electricity.
Mr Bairathi also added that the data centers will be employing advanced blockchain technology, apart from the use of environment-friendly tools for generating electricity and cooling purposes. “HashGains will be installing customized mining hardware and software that are already out in the market,” said the CEO. “In addition, our teams will implement some remarkable mining tech, including artificial intelligence and customized algorithms, to aid the miner management system and to ensure that our endeavours yield profitable returns.”
Despite the fact that the price of Bitcoin has abruptly gone downhill in February, the cryptocurrency craze continues to take the world by storm. Since cryptocurrency mining consumes a lot of power, HashGains has intuitively come up with a unique idea to utilize renewable energy resources in the best possible manner.
HashGains is founded by US-based Futuristics Internet Services LLC and backed by Cyfuture, the technology giant with over 15 years of experience in managing and monitoring data centers and providing cloud servers across the globe. The company has a team strength of 1500 professionals and is known to serve some of the prominent Fortune 500 clients. HashGains expects to accumulate a total revenue of $30 million from its ICO crowdsale, and the proceeds will be used to finance the green cloud mining data centers.
Speaking of long-term prospects, when the company brings in profitable returns, HashGains will launch its own mining pool with a hashrate of 100 PETA per second and compete to become one of the top 5 mining pools in the world.