on the crypto
Each has a relatively high barrier to entry, poor sustainability, and questionable utility. What if there was a cryptocurrency that solved all these problems? This is exactly the case with the unique and fully integrated privacy coin of the peer-to-peer Utopia ecosystem, Crypton (CRP).
Miners looking to earn any tangible amount of BTC, ETH, FIL or XCH are required to invest a lot in hardware, whether the equipment is in the form of Application Specific Integrated Circuits (ASIC) for BTC, Graphics Processing Unit (GPU) for ETH or Hard Drive 9 (HHD) for FIL or XCH.
This equipment can cost miners thousands or even millions of dollars to gain a significant foothold in the market. Some equipment, such as ASICs, is unique to a coin or class of coins and has no purpose or function other than mining itself.
Such barriers to entry pose a very high level of risk to potential miners and, with market saturation, may not provide an expectation of long-term profitability.
Having high equipment and energy requirements for mining in a global environment where renewable energy and minimizing e-waste have become priorities means mining for these coins has an unsustainable future.
During a market downturn for BTC, unprofitable mining equipment is often trashed in bulk, and during normal mining operations, the life cycle of an XCH hard drive is estimated to be shortened to a few weeks. Neither of these circumstances is viable in the long term.
Cryptocurrency mining is affected by market speculation. Intense periods of speculation that result in inflated market prices can make even the most unsustainable economic activities profitable in the short term. The strongest investments in the mining sector are those that can survive virtually any market condition.
The main requirement of such mining is the true utility of the currency when there is demand for the extracted currency outside the speculative frenzy.
Utopia is a revolutionary peer-to-peer ecosystem without equal. It provides an encrypted and uncensored version of the internet as we know it, with an integrated and private payment unit called Crypton.
Users are free to register domains, host websites and accept payments, issue invoices and transfer funds, all in the unique CRP currency.
Crypton mining is among the most accessible digital currencies and only requires a static public IP and a high quality internet connection beyond the nominal hardware requirements.
There is no special equipment to buy, virtually anyone can mine CRP using their home internet connection or a virtual private server (VPS).
As surveillance and censorship become more prevalent, Utopia's utility will continue to grow and, with it, the demand for its unique digital currency, Crypton. That's why the future of cryptocurrency mining is Utopia Crypton's P2P ecosystem.
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