Solarcoin – Green cryptocurrency
Today we are looking for various ways for additional earnings. Some focus on free gaming machines in online casinos, others on betting. Cryptocurrencies are very popular, which can bring us profits with a good investment. However, there is a problem with Crypto that too much energy is used to extract them. For this reason, more and more alternative cryptocurrencies are being created. One of them is Solarcoin marked as SLR. What is worth knowing about him?
We have been dealing with a huge boom for cryptocurrencies for several years. Lots of people invest in them, especially by extracting them. For most Crypto, especially Bitcoin, Ethereum currency digging is associated with complex mathematical tasks by computers. These must have advanced graphics cards, and often digging farms are created, which consist of a dozen or several dozen graphics cards, computers. This causes a lot of energy consumption. Digging is especially popular in those countries where electricity is not green and comes from coal, oil, gas. For this reason, in 2020, BTC itself has used more energy than many a state. This contributed to the fact that Musk gave up the support of BTC. Alternatives are therefore sought, and one of them is SLR.
What is Solarcoin?
A special Solarcoin Foundation was founded in 2014 . Its main task was to promote solar energy, especially through its production. For this reason, a system was created to reward people investing in solar. Any eager person with sun panels can register on the Solarcoin website and then take part in the entire system. It consists in the fact that for each production of 1 MWh of solar energy, you get 1 SLR as a reward. The more we produce, the more Crypto we will have on our account. In contrast to Bitcoin, we not only do not use electricity to dig cryptocurrency, but on the contrary, each SLR is even associated with its production. In this way, we contribute not only to environmental protection, but also reduce our bills.
Currently, this system consists in the fact that once every 6 months we send a report to Solarcoin with our production results, and after its verification, SLR is sent to our e-portfel. Thanks to this, in principle, we get a cryptocurrency for free, which perhaps someday will be a good investment for us.
Will it give us profit?
As we have already written, the production of SLR is basically free, unless of course we do not include the costs of building solar installations themselves. Therefore, you can treat Solarcoins as an addition to the daily work of our system. However, the matter with the value of this cryptocurrency is slightly different. When we see that BTC can cost over USD 60,000, we can see a lot of profits from SLR through the eyes of the imagination. Unfortunately, it looks miserable nowadays. At the end of 2021, 1 SLR was worth only $ 0.00,436. This is practically a zero result that does not allow us to expect profits. However, we have a positive approach here. Already in 2018 in the peak for now, 1 SLR was worth over USD 2.3. Perhaps Solarcoin will follow exactly the same path as other cryptocurrencies, so in a dozen or so months, a few years will be worth definitely more and then our stored SLR on the account will be a good investment.