AtomCM
ECO-FRIENDLY CRYPTO-MINING
It is true that crypto-mining uses fossil fuels, which is bad for the environment. This is why a growing number of mining operations around the world want to switch to renewable energy sources.
AtomCM enables crypto-miners to plug their mining rigs into a renewable power source, calculate the exact amount of energy consumed, and transfer funds directly to the energy provider's bank account.
MX3 CS HOMEPAGE
ENSURES THAT ONLY GREEN ENERGY HAS BEEN USED TO MINE BITCOIN
AtomCM can be used by crypto-miners to prove that only renewable sources of energy have been used to mine bitcoin. Renewable energy providers can generate revenue even during periods of low grid demand.
WIND ENERGY
BIOMASS
SOLAR
NATURAL GAS
NUCLEAR
HYDROELECTRIC
HOW DOES IT WORK?
Simply follow this three step process to turn green energy into green bitcoin!
The First
Plug your mining rigs into AtomCM.
|
The SecondPlug AtomCM into the energy provider's power source.
|
The ThirdConnect to the Internet then charge and pay.
|
Application-Specific Integrated Circuits (ASICs) are used to mine bitcoin (BTC). They are designed to be extremely energy intensive. This is because anything that is expensive and difficult to produce is hard to replicate - and that's what makes bitcoin such an excellent store of value. In other words, high energy inefficiency is a feature, not a bug. AtomCM is currently a prototype housed in a ruggedised protective portable case (as shown above). The commercial version will look more like a standard industrial smart meter.
GET STARTED
You can start by signing up to our mailing list and joining our waiting list. That way you will be among the first to get notified when the AtomCM app becomes available. Only certified crypto-miners and energy providers will be able to join, as AtomCM will be restricted to approved commercial organisations that meet our criteria.
FURTHER DETAILS
Intended Customers and Value Proposition
|
AtomCM will mark individual coins as green to enable crypto-miners to sell them for a premium to institutional investors that have ESG mandates.
Using NFTs to tag green bitcoins is a stop-gap solution while the crypto-mining industry transitions to 100% renewable (hopefully by 2030). Until then, it will enable ESG funds to hold ethically sourced coins on their balance sheets. |
As soon as green bitcoins are broken into satoshis and sold via the open market full fungibility will be restored.
It is hoped that crypto exchanges will give investors a green crypto option before they buy, similar to the way travel booking websites work today. A small fee would be added to each purchase to off-set carbon emissions. |
AtomCM is at an early prototype stage and is being deployed with test partners as a proof-of-concept (POC). The below image represents what it could eventually look like if it goes into production. It has been designed to support multiple blockchains and crypto-currencies. The current POC is compatible with IOTA, a low-fee high-throughput protocol created specifically for machine commerce.
MX3 CS is Signatory of the Crypto Climate Accord.
Signatories are crypto market participants that make a public commitment to achieve net-zero emissions from electricity consumption associated with all of their respective crypto-related operations by 2030 and to report progress toward this net-zero emissions target using best industry practices. All Signatories also serve in the role of being a Supporter.
Find out more.
Find out more.
Vlad (Founder, Bitcoin Mining Startup)
"We recently relocated our mining operation to where we could find the most abundant source of renewable energy. However, as a startup we don't want to enter into long-term commercial agreements with energy suppliers. AtomCM enables us to pay for energy on an ad hoc basis"
Richard (Finance Director, Wind Farm)
"I am responsible for fundraising and reporting to lenders and shareholders for wind farm projects. If selling energy to crypto-miners can get us to breakeven and then profitability quicker, then it makes total sense. Especially if we are selling excess energy that would otherwise be wasted."
Jake (Operations Technician, Bitcoin Mining Corp)
"The greatest thing about bitcoin mining is that it's a portable market; you can bring it right to the cheapest source of energy. If that happens to be wind, solar, hydro or maybe even geo-thermal then we benefit and so does the planet. We want to make a profit and operate ethically"
Mick (Wind Farm Manager, Green Venture)
"I am convinced that bitcoin mining will support energy transition. It smooths out supply and demand spikes by being a predictable source of revenue as miners need a constant and continuous supply of energy - unlike the grid. It also significantly reduces curtailment, which is good for our bottom line"