CLEAR EXPLANATION ON WHY VENUS ENERGY IS NECESSARY FOR CRYPTOCURRENCIES

source
Electricity is the food for blockchain, just like food is important and vital for human well being, electricity is very important and vital for blockchain technology. Adaptation for blockchain is becoming more popular and we can't ignore the additional load placed on electricity.

One watt of power is used for every gigahash per second of computing performed when mining for Bitcoins. Bitcoin is just one of the many other cryptocurrency that is mined daily. At this rate, mining is expensive and consumes high energy.

Profit made from mining is quite low and this should be treated with much concern because the importance of mining in cryptocurrency is vital. if the miners quit, there would be a bigger problem to face.

The solution for mining and electricity supply by VENUS ENERGY places blockchain in a good fate. It's an idea that should be implemented without delay and supported by everyone that believes in block chain and want the best for it.

Green continent, Steady energy, profitable mining, VENUS ENEEGY is the key we need.

Mining is an important factor in cryptocurrency. It entails solving mathematical problems, approving/verifying transactions, opening new blocks, eliminating fraud and keeping the system decentralised.

There is huge competition in mining bitcoin, same as other cryptocurrencies. For bitcoin, only the first to solve a block on the network receives bitcoin for mining. The more circulation for a cryptocurrency, the more difficult it is for the miners to mine.

The miners are forced to enhance their equipment for better productivity and these equipment mostimes consume high power. it's been recorded that Bitcoin's network total capacity has surpassed that of most powerful super computer and the increase in computing power is likened to the increase in mining complexity.

The threat from the high demand of electricity can be solved and that is what VENUS ENERGY is about.