Shadow

Day: May 28, 2021

Mining Machine for Heating—New Usage Found for the Apocalypse Miners

Press Release
Blockchain technology has come to the central stage of the digital economy, introducing us to a better version of our society—in spite of one thing that keeps it at the center of controversy; and that is the waste of energy and computing power caused by PoW mining. Based on research, 70% of the world’s total computing power is consumed for mining cryptos, which is million times what Google utilizes. While mining energy consumption also takes up 0.5% of the world’s total, relatively in excess of the combined usage of many countries. The challenge nowadays is the fact that mining does not create any real value for society in a more conventional sense, and is thus perceived by many as a definite waste. With this opportunity, Matrix will take the “More Public Benefits” approach as one of...