Germany based Start-up, Envion AG, Has Pioneered Decentralized Mobile Mining by Combining Blockchain with Renewable Energy
17 November 2017 - BERLIN--(BUSINESS WIRE)
Envion AG has created a technology for the first truly mobile data-center that uses low-priced local energy to mine a broad spectrum of cryptocurrencies (Bitcoin, Ethereum, etc.). By harvesting locally available clean energy right at the source, envion can operate at lower costs than competitors and at the same time reduces the CO2 footprint of the blockchain industry. Envion aims at decentralizing the highly-concentrated mining market (China holds 80% in Bitcoin mining) and at bringing control of the market back to the users. That’s why envion gives 100% of its mining profits back to its community.
Current challenges in the energy and blockchain industries
The blockchain industry is suffering from an ever-increasing energy demand. This can mainly be explained by the fact that transactions take up high amounts of mostly fossil energy. At the same time, envion sees an ever-increasing production of clean regenerative energy, which frequently gets lost due to maxed out energy grids. This results in locally available excess energy, as solar power plants produce overcapacities. These overcapacities can now efficiently be used by envion’s innovative mobile mining units.
Photo: Decentralized mobile operating unit by combining blockchain with renewable energies (Photo: Business Wire)
Envion has developed fully automated (“industry 4.0”), mobile mining units (MMU) inside standardized intermodal shipping containers that can be shipped to virtually any location in the world within days or weeks, decentralizing the blockchain infrastructure. Envion mobile mining units are designed and built to operate at remote locations near energy sources such as solar plants, wind turbines or hydropower plants. This allows envion to make use of energy overcapacities in a profitable setting. The mobility of the MMU furthermore allows for targeted placement of the units at sites requiring thermal energy and can be used for heating. This way, envion recycles energy consumed in the MMU for external heating purposes in buildings or greenhouses and achieves revolutionarily low electricity prices.
Envion’s MMUs can be integrated into a smart grid and flexibly move energy demand closer to energy supply and hence, take the burden off the grid.
Source: Envion AG