Quote from: pieta.network on August 05, 2019, 12:26:55 PM

Quote from: Carlonsins on August 05, 2019, 11:26:23 AM

Ok, I have heard enough of Pieta project. And honestly, I am impressed with what you guys are trying to do. I mean who doesn't want a cheaper way of mining bitcoins. but I am stil confused as to how you are exactly planning to achieve this. I mean, you are talking about this X20 algorithm, but what exactly this is and where is the actual product??

Well, we are targeting the main problem, which is the high cost of energy in crypto mining. To deal with that, we are planning to substitute solar energy as a cheaper and eco-friendly energy option for mining. Now, we understand that the currency crypto mining hardware/systems are not designed to operate with solar energy. This is why we are developing our own mining hardware which will work with solar power. The same will be released later this year.

As for the X20 algorithm, it is only for the Pieta coin mining, for now. The miners of Pieta coin will be able to use our new X20 algorithm, which is designed to keep the hardware cool (same as its predecessors X11, X12, etc.) during the mining activity and thus reduces the overall energy consumption. The use of X20 will result in the mining of more Pieta coins in less time and with less energy consumption.

I think solar system implementation in Arab is might be difficult but are you planning to do it in a different country?