Cryptocurrency mining company uses green energy

ga('send', 'event', 'Crowdfunding Now', 'article', 'article-industry-impression', {nonInteraction: true});ga('send', 'event', 'Eco & Sustainability', 'article', 'article-industry-impression', {nonInteraction: true});ga('send', 'event', 'Energy', 'article', 'article-industry-impression', {nonInteraction: true});ga('send', 'event', 'Financial Services', 'article', 'article-industry-impression', {nonInteraction: true});

This is part of a series of articles that looks at entrepreneurs hoping to get their ideas off the ground through crowdfunding. At the time of writing, each of these innovations is currently seeking funding.

While cryptocurrency continues to gather greater recognition and spawns more innovations, as we’ve seen recently with an app that converts users’ spare change into their cryptocurrency of choice, now a startup has found a way to increase its profit margins — by mining with cheaper, renewable energy. Austria-based HydroMiner is in the process of scaling up a project that uses hardware powered by hydroelectricity to mine cryptocurrencies. Mining is the process by which digital transactions are verified, creating new ‘money’, by adding a codified stamp of authenticity to the blockchain, or the digital ledger on which cryptocurrencies such as bitcoin…

Spotted another good idea???
Join our network and earn rewards

Add to my folders:

Select any pre-existing folders to add the current post to. Posts will be added to a 'default' folder if nothing is selected.

Create a new folder (Optional)

Separate with commas to add multiple folders. The current post is automatically added to any new folders you create (e.g. my new folder, my second folder).


Remove from my folders

Below is a list of folders where the current post appears in. Select the folder you wish to remove it from.