Envion(EVN) AG uses low-cost local energy to mine various cryptocurrencies (bitcoin, Ethereum, etc.). By collecting locally available clean energy from the source, envion can take advantage of lower cost than competitors, while reducing CO2 emissions from the blockchain industry. Envion's goal is to diversify the highly concentrated mining market (China holds 80% of bitcoin mining).
The energy requirements of the blockchain industry
The blockchain industry is facing increasing energy demand. According to the bitcoin energy consumption index provided by data expert Alex de Vries, the total amount of energy consumed in digital currency transactions and mining processes exceeds the consumption of 159 countries. The entire Bitcoin network costs about $2.35 billion annually. The data shows that the current annual consumption of Bitcoin is estimated to be approximately 47.07 TWh, and the total annual mining revenue is approximately US$7.968 billion.
Envion's solution
Envion has developed a fully automated (Industry 4.0) mobile mining unit (MMU) built into a standardized intermodal container that can be shipped to the world in days or weeks to implement blockchain infrastructure Scattered distribution. The Envion mobile mining unit is designed and built to operate in remote electricity sources, such as solar power plants, wind turbines or hydroelectric power stations.