Business
Green Crypto Mining for Ethereum and Bitcoin Using O-Power
Green Crypto Mining for Ethereum and Bitcoin Using O-Power.
About this update from Axis Technologies Group, Inc.
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / August 10, 2021 / Axis Technologies Group, Inc. (OTC:AXTG) ('AXTG' or the 'Company') has announced a groundbreaking strategic partnership with O-Power LLC to provide the world's first truly 'green' cryptocurrency. The envisaged system will be capable of producing any desired cryptocurrency using crypto-mining computers and peripherals that are powered verifiably by electricity produced by O-Power's patented 100% zero-emissions electricity generators that offer scalable, portable, constant (24/7/365) power production that does not use solar, geothermal, hydroelectric or wind-turbine technologies to produce electrical power.The generators produce no toxic waste and they can be deployed in any environment regardless of climate, weather, seasonal conditions, proximity to bodies of water, or the availability of wind or sunshine, to produce constant electricity that is beyond 'eco-friendly' for as little as 1.5¢ per kilowatt.About O-PowerO-Power is the California-based holder of the exclusive worldwide license to manufacture, distribute, deploy and service the units that employ this disruptive technology. Says its Executive Manager, Ryan Carter, 'As a debt-free and independent company, O-Power is free to enter relationships that make the most sense in solving urgent problems, while meeting the burgeoning demand for energy that is truly emissions-free and constant.'O-Power recognizes the ability of this technology to enable cryptocurrency to shed its greatest stigma: that it exacerbates climate change due to the massive electricity consumption required for the mining of each new coin. Although the technology has myriad humanitarian applications (e.g. enabling remote refrigeration of vaccines, providing clean electricity for individual and mass transit, facilitating greater connectivity in the developing world), O-Power recognizes the superior economic opportunity that is presented by first applying the technology to crypto mining.ImplicationsThis innovative marriage of O-Power technology with standard crypto-mining equipment has the potential to impact both the production of fungible tokens (i.e. BTC, ETH, etc.) and non-fungible tokens (NFTs) by eliminating the chief impediment to the adoption of cryptocurrencies by corporations that are concerned with social responsibility. The innovations include the ...