Envion is solving a problem in the green energy industry that has a large impact on the environment: wasted capacity and high costs for renewable plant operators. Renewable energy providers like solar and wind plant owners sell energy below cost or pay to feed into the grid when there is too much capacity. Envion incentivize the construction of green energy power plants by rewarding plant operators for producing at full capacity. They also reduce the environmental impact of the energy-intensive infrastructure of the blockchain with a patent-pending cooling system that does not use air-conditioning.
The exponential growth of energy consumption in the IT ecosystem is hitting an energy market in transition. The growth of renewables in the energy mix is creating imbalances in the grid – an uneven distribution of power in time and space. At certain times and in certain places, there is an abundance of electricity straining the grid to its limits, while scarcity might prevail at other times. These imbalances trigger large fluctuations in spot market energy prices, regulatory responses, and price differences between sectors, regions, time and climate zones. As data centers are long term investments in infrastructure, they have a limited capability to adapt to changes in the price structure of energy markets. Once built, they are tied to their location and might lose competitiveness to other locations if price structures change. While new market conditions might be lethal for traditional data centers, they offer vast opportunities for the global, flexible and intelligent mining operation that envion is launching now.
Future crypto-mining operations need to reduce the systemic risks that result from being bound to certain coins or mining pools. Thus, envion strives to hand the decisive power back to the crypto-community. It must be possible for individuals to take part in crypto-mining without tremendous investments in hardware and technology. Besides broad ownership of mining operations, envion strives to involve the community in making decisions about key mining decisions. Envion therefore strive to reduce the hurdles for larger audiences to take part in the crypto-community.
Just like the UUC application, the UMC is built using the Java programming language by core development team. The UMC is currently running decentralized in the cloud, embedded in Docker containers. In the future, they will run tests to operate the UMC on own UUC instances to build own cloud. This ensures that the software is running entirely on envion-controlled hardware. The UMC software is frequently updated by continuous delivery pipeline. With top knowledge development cycles and processes, which can even be scaled and outsourced, Envion are able to speed up this development quickly.
The EVN token is an ERC-20 standard-based Ethereum token. Tokens will be offered for 31 days, starting on December 1st, 2017 and ending on December 31st, 2017. EVN ICO is conducted by envion – the first mobile – mining solution in the world – targeting energy at its very source. The offering will be open to the global public. Restrictions apply for Swiss and US-based investors.