GX Blocks: Developing an ecosystem of reliable energy and blockchain network
INTRODUCTION: GX Blocks is not defined to only mining. GX Blocks gives customers access to a well-defined economy, cryptocurrencies and it's advantages. The contract offering started on an important day being World Environment Day, 2020 and would end on the 30th September, 2020 after reaching it's soft cap. GX Blocks Energy is different from various mining contracts because it is eco-friendly thereby finding a solution to mining's greatest problems. GX mining contract bearers would receive 100% of their earnings from active mining using the GX hashing computing power and would be paid every month in the private wallet of customers.
The hydro-power prices are cheap produced by hydropower plants with electricity cost at $0.055/kWh at the first instance but hopes to drop to $0.033/kWh in subsequent years. GX Blocks is professionally managed and flexible to use. It's mission is to provide solution to users to create a simple passage to mining cryptocurrency. At present, 717 GX mining contracts has already been traded which is a progressive journey to attaining the soft cap at 1250 GX mining contracts. Bitcoin and different altcoins would be mined on their resourcing page. The cryptocurrencies acquired is dependent on the cryptocurrencies provided in the accepted wallets. An allocation program is to be chosen to mine GX Blocks but if none is selected, the mining output would be defaulted at SHA-256 contract - Bitcoin. The operations would also be expanded in various algorithms to mine various digital assets.
Opening of GX contracts starts 60 days following the GX pre-sale. Returns would be received after the opening month of progressive mining. GX soft cap is traded for $280, GX mid cap at $550 and GX large cap at $1000. The different mining areas of GX Blocks is based inside and outside Greece borders and the area selected is based on available electricity and accessibility of cooling. The data center that would be used for Research and Development has been developed. The installations that would be used for mining on a large scale has not being developed yet but the setting and technical features of the facility has being fixed.
CHALLENGES OF GX BLOCKS ENERGY
- Energy for technology: Generating electricity causes air pollution globally which is harmful to our lungs. A reasonable percent of the world's electricity is gotten from coal and non-sustainable sources. The blockchain platform uses about 113.1 Terawatts of electricity every year.
- The storage of energy: Storing renewable energy is not possible and therefore leading to waste when produced in excess. Renewable energy should be used after a short time of production.
SOLUTION - Independent sustainable energy sources: Existing sustainable sources will be attached to the grid and photovoltaic and hydropower plants will be constructed.
- GX Blocks offers resolution to the issue of storing energy by obtaining a business model that combines mining units to sustainable energy sources making use of the excess energy. The total power mining needs will be reduced by 20% by making use of liquid cooling methods.
Useful Informations :
(Website) : https://gxblocks.com/
(Whitepaper) : https://gxblocks.com/wp-content/uploads/GX%20Blocks%20Energy_Bitcointalk_6_20_2020.pptx%20
(Twitter): https://twitter.com/GxBlocks
(Facebook): https://www.facebook.com/gxblocks/
(Telegram): https://t.me/gxblock
(Instagram) : https://www.linkedin.com/company/26270450
(Medium):https://medium.com/@gxblocks
Publishers Details :
Bitcointalk Username : Bukalala
Bitcointalk profile link :
https://bitcointalk.org/index.php?action=profile;u=2835402