Foleum – Giving Crypto Mining a Second Chance
One of the most-cited arguments against Bitcoin (Crypto: BTC) is the fact that maintaining its blockchain is too resource-intensive. The total power consumption of the computer hardware maintaining the BTC network exceeds that of many smaller nations. If the network continues to expand, it could even take up a noticeable chunk of the total global power supply. In the long run, if nothing is done, this could significantly impact our carbon footprint. However, for Foleum, a fledgling blockchain-based cryptocurrency mining project, this is an opportunity rather than a roadblock. Unlike other mining companies that set up equipment in locations with…