Jalan Sukses: Bitway: The Future of Cryptocurrency Mining

A new green energy company claims to have the answer to a problem plaguing the digital currency industry. As cryptocurrencies like bitcoin continue to grow in price and popularity, they have put larger and larger demands on the world’s energy supply. Although the currencies are digital, they nonetheless require massive amounts of electricity and computing power to mine.

The surge in electricity consumption has caused some concern among developers and investors alike, particularly at a stage when digital currencies seem to be close to breaking through into the mainstream worlds of investment and business. Now, a Norway company claims to be able to use hydropower in order to fuel the energy needs of the industry.

Bitway: Crypto Mining Powered by Hydroelectric

Bitway is a sustainable mining operation based in Norway that plans to optimize the cost of production through the construction or acquisition of unconventional sources of electricity through the use of hydroelectricity. Founded by Hamid Sarwary, the mining centres will be located in the north of the country along the same latitude as Siberia and Alaska. Within the project, Bitway will install the mining modules on their established centre with an increase power at a rate of $ 0.06 per 1 kW / h.

Bitway development Plants are fully automated and do not require maintenance personnel and no raw materials are required. Also, their plants aim to resolve a number of environmental concerns, as well as to build one of the most profitable crypto mining operation centres.

To be a part of the pool, miners must have Bitway native token, BTWN. The token holder then will receive monthly pay-outs in Ethereum from the mining network. The mining network will be built from the ground using ASIC miners and a secure integrated token that will be utilized as shares of the mining network earnings and traded on major cryptocurrency exchanges

The Bitway Network will work on clean energy, and decentralized way. Decentralization is one of Bitway priority in which users have full access to their accounts anytime they want. Mining reward will be allocated on the basis of a smart contract which is offering 70% ROI monthly.

Bitway Token’s BTWN

A total of 21,000,000 BTWN token will be created. 93% of it will be allocated to the community. 4.3% will be allocated to team, and the rest 2.7% will be allocated to Rewards. Currently, the token is available for purchase at the rate of 1700 Bitway tokens per $100 (include 70% bonus). You can find more option regarding to the token sale here.

Conclusion

One other reason that hydropower may be beneficial is the steep slope of profitability that miners are experiencing. According to analysis by Citigroup, miners may need the price of bitcoin to reach as little as $300,000 per coin by 2022 in order for the mining operations to remain profitable. This estimate is based on current growth rates for mining and for the electricity consumption associated with it.

In the face of these steep barriers, Bitway and other companies like it are likely to find many strong supporters in the mining community. As bitcoin continues to climb in price, alternative energy sources for mining may become increasingly desirable.

Bitway platform has been tested and trusted by series of miners and lovers of crypto-currency mining program and in order to confirm its legality and seriousness, it has also announce to allow its trading on some top crypto-currency exchange in which users will be able to trade its token after listing on these exchanges which is why I believed the best time to invest in Bitway project is now.