- China crackdown on mining of cryptocurrencies opens opportunity for U.S. market to explode
- PRPI building efficient, powerful network of cryptocurrency mining operations that offers environmentally friendly solutions for sustainability of the blockchain industry
- Revolutionary GEM system optimizes the collection of green energy such as solar, wind and hydro
While China is cracking down on the mining of cryptocurrencies over concerns about environmental impact, savvy companies in the United States, including Perpetual Industries (OTC: PRPI), are looking to benefit. A recent Forbes articles reports that mining is about to get both easier and more profitable for North American crypto miners (https://ccw.fm/26AW1).
“Until recently, China accounted for between 65% and 75% of all Bitcoin mining,” stated Forbes. “Market dominance is expected to shift to North America, though, after an estimated 90% of China’s Bitcoin mining capacity has been ordered to shut down due to concerns over its environmental impact. . . . This could be highly favorable for U.S. and Canadian crypto miners . . . who (for now) will no longer have to compete with China for precious blocks.”
An incubator for the development of new and innovative energy-efficient technologies, Perpetual Industries has been working on building an efficient, powerful network of cryptocurrency mining operations that offer environmentally friendly solutions for the sustainability of the blockchain industry (https://ccw.fm/mPiIV).
“Our goal is to advance and integrate green energy power sources such as solar, wind, and hydro in order to lessen the environmental impact of decentralized blockchain systems,” the company states, noting that current research and development efforts are underway for the creation of a proprietary system. “We are researching a new, revolutionary design for a crypto-mining farm system that optimizes the collection of green energy to produce a powerful, self-sustaining mining farm called the Green Energy Mining (‘GEM’) System.”
The innovative GEM approach will incorporate masternodes, proof of stake, proof of work and Dapps all in one system. “We hope to significantly reduce the cost of power consumed by miners in the fast-emerging global blockchain and crypto-mining industry,” stated the company, which is applying its expertise and knowledge of low-cost, green-energy-powered solutions to the development of blockchain mining operations.
Perpetual Industries is an incubator for the development of new and innovative energy-efficient technologies. The company’s mission is to “perpetuate industry” by bringing value-added technologies to market. The company is expanding its expertise and knowledge of energy-efficient technology by developing low-cost, green-energy-powered solutions for a variety of industries while continuing its research, development and commercialization of the XYO Technology in key applications.
For more information, visit the company’s website at www.PerpetualIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to PRPI are available in the company’s newsroom at https://ccw.fm/PRPI
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)
CryptoCurrencyNewsWire is where News, content and information converge via Crypto.
For more information, please visit https://www.cryptocurrencywire.com
New York, New York
CryptoCurrencyWire is part of the InvestorBrandNetwork.