Arc Iris - Leveraging The Potentials Of CryptoMining Industry
The cryptocurrency market is experiencing a rapid increase in the number of cryptocurrency and their usage and still showing great tendency for the growth to increase even more in the coming years. With each increase to the number of bitcoin transactions comes a need for more miners to validate bitcoin and other cryptographical transactions thereby creating potential opportunities for cryptocurrency mining industry
Over time, the cryptocurrency market has gathered lots of positive figures and a fluctuating market worth of around $200 billion compare to the value recorded during 2017/2018. As part of the numerous benefits that comes with cryptocurrency sector, cryptocurrency mining has provided opportunity for potential miners to earn revenue without investing any money aside their time and devices used in validating transactions on the blockchain network.
Challenges Associated With Cryptocurrency Mining Industry
Nevertheless, even with the positive figures and market cap accomplished by the entire cryptocurrency market and the potential opportunity of cryptocurrency mining industry the industry has been faced with lots of problems that have rendered mining less profitable and more environmental hazardous. Cryptocurrency miners faces lots of problems and limitations and as such, this write-up will explain the various challenges perculiar to crypto minng and the potential solution proposed by Arc Iris
✔Environmental Hazard
✔High cost of electricity
✔Low profit earning
✔Crypto price volatility
✔Government regulations
✔High cost of mining equipment
✔Obsolescence of mining equipment
A Crypto mining Project Aim To Provide Solutions To These Challenges - Arc Iris
Arc Iris is a start-up mining project with an innovative and robust usecases aimed at leveraging the potentials of cryptocurrency mining industry by successfully solving the environmental, electricity and other various related problems that has made cryptocurrency mining less profitable. The brain behind Arc Iris have worked out a go-to strategy by using hydrogen technology as the source of energy and electricity for powering its entire mining operation through the splitting of hexagonal water into hydrogen and water.
Arc Iris will adopt the use of various Cutting-Edge technology especially the sophisticated fuel cell technology that focuses on the synergy of wind energy, solar energy and most importantly the newly discovered hydrogen energy to drastically reduce the amount of external electricity usage upto 85% making the entire cryptocurrency mining less expensive and more profitable as well as environmental friendly.
Arc Iris is proposing an entirely different approach to cryptocurrency mining with it's redefined energy generating system of using fuel cell technology by combining solar energy, wind energy and hydrogen energy to provide an eco-friendly mining operation. In a way different to various other projects that emerged with different approaches to solve the challenges prevalent to cryptocurrency mining through out history, the various solutions provided by these companies have not yielded a go-to solution to make cryptocurrency mining more profitable.
As such, Arc Iris will present an entirely new sophisticated eco-friendly mining operation by implementing the next generation state-of-the-art to pioneer a profitable cryptocurrency mining without any detrimental effect on the environment and nature. To see to the effect of making mining more profitably with low input, the project came up with a concept of equipping hydrogen-bases cryptocurrency server mining farms and a rainbow cryptocurrency - ACI COIN based on script of proof of work algorithms for every interested miner.
The ACI COIN was created to serve as the primary currency that offer miners and user alike the opportunity to enjoy all the services offer by the Arc Iris ecosystem. The token will have a steady price growth with the continous revenue generated by Arc Iris mining operation as well as the various utilities pegged to the token. The total of 10,000,000,000 were created and 65% of the total token will be offered for crowdsale, 18% for development, 10% for pre-sale, 5% for legal Management
Still on the verge of making cryptocurrency mining more rewarding at low cost, Arc Iris will adopt the use of advance multimining algorithms of dedicated Cloud mining facilities which provide the mining system where the company provides all the mining resources, equipment, electricity and energy as well as maintenance of the mining hardware. The approach will gives miners and users alike the advantage of mining freely without spending on purchases and maintenance of hardwares as well as cost of obtaining a workplace.
Conclusion
Based on the various Use cases of advanced technology, low costs, and sustainable eco-friendly approach, Arc Iris will be the major player in the entire cryptocurrency mining industry as the potential of the market is not yet fully tapped and there isn't any current competitor dominating cryptocurrency mining market. Although, there are several mining projects mostly whom are small and medium size players that are already operational in the market but none stand the potentials of the Arc Iris.
For More Information, Visit
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
Writer's Info
Username : Utoy101
Link : https://bitcointalk.org/index.php?action=profile;u=2098768