Arc Iris - Pioneering The Next Generation Of Cryptocurrency Minning 

The network congestion experienced by the entire cryptocurrency network back in December 2017 until January 2018 shows the dire need for more cryptocurrency miners as well their importance to the entire cryptocurrency financial system. In as much as the blockchain and cryptocurrency sector has been praised for offering the whole world a new form of decentralized financial system like never before, the congestion on the network when new people comes in with lot of transactions is against the whole concept of cryptocurrency network. The speed and efficiency with the current mining process is not enough for the ever growing adoption seen with the usage of cryptocurrency.

During the 2017/2018 network congestion, bitcoin and other cryptocurrency transactions were getting stuck in the network, causing people to wait for several days or even weeks before their transactions went successfully through. Then, anyone that needed his/her transactions to go through without delay or related problems will have to pay as much as $50-100 as transaction fees, which i believe everyone would possibly agree is not suppose to be happening. As we believe and hope both cryptocurrency and blockchain will go mainstream with the whole world using bitcoin, the peak moments we experienced in the past will be nothing compared to the load of transactions coming our way.

Mining Is Rewarding, Why Are People Not Mining?

The entire Cryptocurrency mining profitability is dependent on many factors such as the overall volume growth, the price of cryptocurrency, the cost inputs for setting up a mining farm that consist of the electricity, the equipment, and various mining hardware. Due to the high cost required to set up a mining farm especially the electricity cost, lot of miners have found mining less profitable therefore, they start looking for alternatives ways to earn money and the problems scare new potential away. several speculations predict the demand for cryptocurrency will be massive in the next 5 years as bitcoin will soon hit a fixed supply, then what will be the fate of cryptocurrency transaction speed?

The Way Forward - A Use Case Of Arc Iris

Arc Iris is Revolutionary project that aim to create a robust cryptocurrency mining operation that will utilize water as source of energy through it specially designed fuel cell technology that split water compound into hydrogen and oxygen thereby solving the major cost and setback to profitable cryptocurrency mining. Arc Iris will make use of various  innovative and disruptive mining hardware and technology  that will pave way for more rewarding cryptocurrency mining In  the  coming years, because the  newer  and more advanced The technologies, the more it could change the cryptocurrency industry and  cryptocurrency  mining.  This advance changes will have  a massive impact  on  the profitability  and pollution of cryptocurrency  mining to the environment 

With the various solutions Arc Iris aims to provide, it will unleash the next-generation of profitable cryptocurrency mining backed by a low cost input and eco-friendly energy source. The cost effective and efficient cryptocurrency mining operation being develop by Arc iris will drastically reduce the cost and demand for external energy source their by making the environment more friendly as the entire mining process will be powered by hydrogen energy with a sustainable practices.

Arc  Iris's main goal  is  to leverage the  untapped  opportunity of  the cryptocurrency  mining industry with the  deployment  of  the high-end technology  to  satisfy  the massive demand  for  cryptocurrency  mining at  a low cost. This  will make Arc Iris the lead player in the mining industry for long term. Arc Iris will  also provide continuous  improvement  in  the  various  technologies in  order  to  keep miners happy  and  loyal  as  well  as  maintain competitive market edge. 

To Achieve This Goal, Arc Iris Will Address These Key Challenges

✒ High-tech mining Hardware:

Cryptomining is most profitable when done with high end specialized and sophisticated equipment. As such, Arc iris mining operation will be based on cloud mining to help miners avoid the cost involved in setting up personal mining operation equipment and maintenance of such hardware. Arc Iris will also work with the world's largest hardware producers in order to produce top quality hardware

✒ Low-cost and eco-friendly energy

A key factor to profitable cryptomining is electricity costs. Arc Iris has worked out a go to solution that solves both cost and environmental problem related to electricity usage. The approach involves the use of many cost efficient energy such as solar energy, wind energy and the new hydrogen source of splitting the by products of structures water into hydrogen and oxygen.

✒ Crypto price volatility

Among the biggest challenges to cryptocurrency mining is the high volatility nature of cryptocurrency prize. price instability has been one of the major factor behind the turnoff of miners from mining activities as price downtrend peculiar to cryptocurrency market will lead low profit earning. I'm delighted to let you know that Arc Iris have designed a robust token system back with high utility to protect miners from crypto price fluctuation.

✒ Government regulation

Often at times, government regulations amd policies determines the profitability of mining operation. The government of some countries put a total ban of cryptocurrency related activities While other countries such as china do impose strict law and taxes on mining activities making it more costly and less rewarding. Arc Iris has taken care of such problems as the location choosen by the team for the mining operation is cryptocryptominig friendly with low cost.

Tokenomics - The Rainbow Currency

In The light of making cryptocurrency mining more profitable and to protect miners against the price volatility nature of cryptocurrency market, Arc Iris created a cryptocurrency token called ACI COIN designed based on the scrypt Proof-of-work algorithms giving it the needed security. 

The ACI Coin will be the primary currency to power the entire Arc Iris ecosystem as all the loyalty, contrast and all the referal rewards will be paid in the ACI COIN. The total supply of 10 billion tokens were created and the team has designed a robust functionalities that will give the token utility and make it. The token allocation is 

Conclusion 

Arc Iris is been piloted by experienced professionals that has gathered lots of experience across many fields and sectors having adequate knowledge of the entire process involved in building and running Crypto Mining operations. The team aims to share this experience with the community by creating Arc Iris project - the next generation of crypto mining operation with the latest technology, low-cost and eco-friendly energy towards a profitable mining.

With all these solutions, Arc Iris will become the  largest  hashpower  provider  in  the entire cryptocurrency  mining  industry, the coins to be mine profitably includes bitcoin and various other cryptocurrencies. Arc  Iris  will  adopt  various go-to approach  in  it's operational model.  The will offer  different  types  of  mechanisms of best value for money cryptocurrency  mining operation for everyone that has interest in mining bitcoin. 

Arc Iris Official Links

Website https://www.arciris.org/

Whitepaper https://www.arciris.org/WHITEPAPER.pdf

ANN https://bitcointalk.org/index.php?topic=5207298.new#new

Telegram https://t.me/arciris_community

Twitter https://twitter.com/ArcIrisofficia1

Medium https://medium.com/@ArcIris

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