4NEW | Project Overview

Hello everybody! Today we will consider a new 4NEW project. Let's start!

4NEW is the world's first eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants. The concept is quite simple, the process of refining waste product into water and organic materials creates energy and that is then leveraged to either be sold to the national gridor applied to operate mining processes at an onsite mining farm.

Roadmap

The cost to produce the energy is met through the revenue generated from the waste collection services and sale of byproducts facilitating a sustainable operation at breakeven or a marginal profit. Therefore, the energy produced is unencumbered and freely available for utilization or sale to the national grid.

The KWATT Coin will represent a certain hashing capacity per coin. This concept is not new; Companies such as Giga Watt have offered similar mining items for lower costs, however, KWATT Coin is extremely unique in scope. Team do not charge energy fees for mining, the only cost to a coin holder is the cost of the coin. This means that a coin holder will be able to mine all cryptocurrencies for the lifetime without spending an additional penny for their energy bill. The energy is free to us, so it is free also to the coin holders.

The concept of 4NEW relies upon the waste to energy model. In this model we are paid for the waste that we process, and the sale of byproducts such as fertilizer, organic materials and clean water. The start up costs to this mechanism are funded by the coin sale, and the plant’s overhead is funded by cash flow generated from collection of waste and revenue from sale of byproducts.

Additionally, 4NEW, and the 4NEW team will retain a portion of the KWATT Coins (and their associated mining capacity) which will provide an additional revenue stream moving forward.

Users will have the ability to decide which coins or coins they would like to put their KWATT Coin power towards to mine. The options will consist of the top twenty minable coins, this decision will automatically point the necessary amount of hash rate towards mining that coin, and the yield will be transacted to the account associated with your 4NEW Wallet.

Organic waste is collected from homes and businesses, and is mixed with farm residues to form a substrate which is fed into the digesters. Here, the mixture is heated to between 35-55 degrees Celsius, and it begins to release biogases. This release of gases continues for 65 days through to the pasteurisation process, where the substrates are then further heated to over 70 degrees, in order to kill any harmful bacteria. Following this, the "digestate" - the matter left behind after the biogases have been extracted - is stored until it can be spread as fertiliser on agricultural land.

Electricity is an intangible commodity. Nevertheless, it is not practical or feasible to scale access to electricity globally due to its dependence on tangible infrastructure that tends to be localized and dependent on jurisdictional laws and local supply demand economics.

With the advent of the blockchain technology, for the first time in human history, we have the ability to scale a localized, intangible commodity such as electricity, globally. Historically, power providers would structure Power Purchase Agreements with large consumers of power such as factories or manufacturing lines. This would allow the consumers of power to negotiate deeply discounted prices due to the collective bargaining strength of their unique vantage point.

The KWATT Coin allows us to fractionalize the output capacity of a power plant down to the most fundamental and basic unit, which is the kilowatt hour. Moreover, by pegging the power unit to the coin, for the first time we can make power mobile as long as the power plant has the supply of electricity to back it up 4NEW has successfully configured the KWATT coin to be pegged with electricity since we are a power producer not an exchange.

The 4NEW decentralized, distributed ledger is also where all actors in any industry will be able to transact using the KWATT coin. The coins are smart contracts which establish a binding relationship between transacting parties and provide a value for each transaction.

4New mining rigs will be set up with retrofitted shipping containers. In this fashion, the shipping containers provide mobility which translates into scalability as the company grows and expands internationally. 4NEW has currently contracted prototypes already under development and scheduled for delivery in June 2018 to its plant site. Containers can hold either up to 432 Antminers for bitcoin mining or 2675 GTX 1060 GPU for mining most cryptocurrencies. Mining efforts will be focused on ASICS S9 Antminer ASICS and GTX 1060 GPU.

Waste to energy power plant operates at breakeven given the revenue generated from waste collections process. Consequently, energy produced is free. This translates into a unique and significant competitive edge over all the competition even though mining difficulties are expected to rise in the near future.

Team

In my opinion, the project looks ambitious. Among the advantages of the project I want to highlight its environmental friendliness that is now very important. I hope the team will succeed.

Website: https://4new.io
WhitePaper: https://4new.io/wp-content/uploads/2018/05/4New_WhitePaper_English.pdf
Lightpaper: https://4new.io/wp-content/uploads/2018/05/Lightpaper.pdf
Telegram: https://t.me/FRNCoin
Facebook: https://www.facebook.com/4newcoin/
Twitter: https://twitter.com/4newcoin?lang=en
Youtube: https://www.youtube.com/channel/UCLzicKiydBSy1nmLSjmkMYg?view_as=subscriber
Instagram: https://www.instagram.com/4newcoin/
Reddit: https://www.reddit.com/r/4newNetwork/

My BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=1194601
My BitcoinTalk Username: kable78