EMGT is an environmentally friendly approach to blockchain functionality and eco-friendly mining
emerge emgt energy efficiency

EMGT Energy Efficiency

Today, Bitcoin consumes as much energy as a small country. This certainly sounds alarming — but the reality is a little more complicated. An article published at Harvard Business Review discusses several common misconceptions surrounding the Bitcoin sustainability debate, and ultimately argues that it’s up to the crypto community to acknowledge and address environmental concerns, work in good faith to reduce Bitcoin’s carbon footprint, and ultimately demonstrate that the societal value that Bitcoin provides is worth the resources needed to sustain it. Source: Harvard Business Review

Cryptocurrency takes a lot of energy to keep things running

Bitcoin, Ethereum, Dogecoin and other popular cryptos reached record or near-record highs this year, raising concerns about the amount of energy needed to mine the coins. Warehouses of Bitcoin mining rigs run 24 hours a day, consuming more power than the whole of Argentina. As the energy bill for crypto mining rises, so does the amount of carbon and waste, adding to the growing climate crisis. Source: CNET Personal Finance

The debate about cryptocurrency and energy consumption

According to the University of Cambridge’s bitcoin electricity consumption index, bitcoin miners are expected to consume roughly 130 Terawatt-hours of energy (TWh), which is roughly 0.6% of global electricity consumption. This puts the bitcoin economy on par with the carbon dioxide emissions of a small, developing nation like Sri Lanka or Jordan. Source: TechCrunch

Why EMGT Energy consumption is so efficient?

Proof of Work (PoW) and Proof of Stake (PoS) currently are the two major consensus mechanisms that cryptocurrencies like Bitcoin, Ethereum and others use to verify new transactions, add them to the blockchain, and create new tokens.

Instead of Proof of Work (PoW) and Proof of Stake (PoS), we at Emerge implemented our exclusive and unique patented protocol system that was developed to be used with having in mind scalability, security, reliability, transparency, low amounts of data use, with very low energy consumption.

Our unique protocol system, along with ULTRALIFT'S PATENTED DRIVELINE POWERTOOL SYSTEM will revolutionize the industry.

Technically speaking: If we keep one of our mining tools running 24 hours a day during 365 days, after one year:

  • The total mining tool power consuption at its peak will be around 3.8W,
  • Using the following formula: 3.8W * 86400 * 365.25 = 33.300kWh,
  • The total power consumption would be equal to 33.300kWh per year,
  • 33.300 Quilowatt-hour [kWh] = 0.000 000 0333 Terawatt-hour [TWh].

Our patented mining tool will take full advantage of our custom protocols, allowing our purpore mining process to be done in a matter of minutes at a time, instead of days, months or years.

Welcome to the future... Welcome to EMGT, Emerge Token!