Envion EVN
Envion Price Change 24H Change 7D Change 1M Change YTD Market Cap Volume 24H Circ. Supply
- - - - - - - 127.43 M 3.3/5 (#427)

Envion Price Chart

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Envion Performance

There's not enough data on Envion to calculate Envion price performance.

Algo. Score Rating

Analysis 3.3/5 (#427)
100% Open channels
63% Team Strength
53% Product Strength
40% GitHub Activity
75% Coin strength
80% Business strength

About Envion

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Release Date Jan 14, 2018
Platform ETH
Consensus Ethereum consensus (currently proof of work, will be proof of stake later on)
Algorithm -
When cryptomining was still in its infancy, it was well distributed among a couple of thousand private miners, governed by transparent rules and not harmful to the climate because its energy requirements were microscopic. All that has changed: the exponential growth of cryptocurrencies has led to a dramatic increase in the sector’s energy consumption and a concentration of mining activities in countries with low social and environmental standards - where electricity is produced using predominantly fossil fuels. Even worse, the concentration of mining power in the hands of a couple of large corporations is distorting the formerly democratic decision-making process in these networks: changes in protocols and hard forks are in danger of being influenced by the economic interests of a few.Envion has developed a system of Mobile Mining Units (MMUs) that can tap electricity directly at the source: at hydro, solar, wind and fossil power plants in every corner of the planet. Our MMUs are based on standard intermodal (sea) containers, equipped with mining hardware, communication and industry 4.0 automation features, remote control capabilities and a break-through cooling system that only makes up ~1% of the system‘s total energy consumption. Altogether it’s a high-tech solution that can be seamlessly deployed globally and allows us to use the cleanest and cheapest energy mix wherever it is available.

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