How much energy does an industry deserve to consume? Right now, organizations around the world are facing pressure to limit the consumption of non-renewable energy sources and the emission of carbon into the atmosphere.
While determining energy consumption is relatively straightforward, you cannot extrapolate the associated carbon emissions without knowing the precise energy mix — that is, the makeup of different energy sources used by the computers mining Bitcoin.
In December 2019, one report suggested that 73% of Bitcoin’s energy consumption was carbon neutral, largely due to the abundance of hydro power in major mining hubs such as Southwest China and Scandinavia.
CEO Hussein Faraj “The crypto space, is a space of innovation, Why pay for someone’s carbon offset and gain credit, when, we can work on major solutions, including soil rejuvenation, soil micro biology and Carbon extraction.
The team of NuGenesis proposes the launch, of an Offset Carbon credit Bitcoin System, which they have developed working with Bitcoin Dev Teams. NuGenesis Will launch the platform within 4 -8 weeks designed to be a greener bitcoin fork with the purpose of resolving the proposed issues of carbon offsets.
The streamlined validation process, through the super nodes with byzantine fault tolerance and randomness, reduces unnecessarily superfluous broadcasting through validation networks.
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