SolarX, launched in May 2024, is a decentralized project that combines renewable energy with cryptocurrency mining. It aims to address the high energy consumption and environmental impact of the industry by utilizing solar power and other green energy sources. The goal is to revolutionize cryptocurrency mining with a more sustainable and eco-friendly approach, reducing the carbon footprint associated with traditional mining and providing a model that can be replicated and scaled globally.
SolarX utilizes solar panels and other renewable energy sources to power its mining devices, which earn SolarX coins as rewards by verifying transactions on the network. The mining equipment is built on the SolarX chain, greenX, ensuring compatibility with the blockchain’s consensus mechanism. During the day, solar panels collect energy from the sun, powering the mining devices through an inverter that converts the energy into electricity. Excess energy is stored in a battery bank for continuous mining operations, reducing the environmental impact and offering potential cost savings. The use of renewable energy significantly reduces the carbon footprint of cryptocurrency mining, and the mining devices are equipped with the latest, most efficient hardware, further enhancing their energy efficiency and operational effectiveness.
SXCH has a total supply of 400,000,000.
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