When I first visited 4NEW site and saw the line “Introducing The KWATT Coin Tokenized Electricity” I was surprised. I was expecting this KWATT coin to be another crypto coin which consume electricity.
Token mining requires lot of energy and this could have been big issue in future.
Bitcoin’s electricity usage is enormous. In November 2017, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. Since then, its demands have only grown. It’s now on pace to use just over 42TWh of electricity in a year, placing it ahead of New Zealand and Hungary and just behind Peru, according to estimates from Digiconomist.
As of March 31, 2018, 1 bitcoin transaction consumed as much power as 30.5 US households for a day. And as much as 1,800 Number of Bitcoins generated per day, this tell us that its consuming energy which can power 54900 US household for a day. This is only for bitcoin, but there are many coins available in today’s market which only consuming more and more energy and demand for energy simply going up.
But world is not only facing this issue here. The cryptocurrency emit as much CO2 a year as 1m transatlantic flights. And this is serious threat to climate. The number and facts list can go on and on.
Now, let’s talks again about KWATT or FRNCoin. (The KWATT is 4NEW’s token symbol but the token name is FRNCoin). As I was saying, I was expecting this KWATT coin to be another crypto coin which consume electricity, but when I checked the project in more details I found that 4NEW is not going to create issues for climate but it’s going to solve two issues at same time. First is Waste surplus and Second is Energy requirement/shortfall.
Here Is How It’s Going To Work
4NEW will collect Organic waste from homes and businesses, and will bring it to its power generation plant. And here this waste will be mixed with farm residues to form a substrate. which will then put into digesters. Here, the mixture is heated to between 35-55 degrees Celsius, and it begins to release biogases. This release of gases continues for 65 days through to the pasteurization process, where the substrates are then further heated to over 70 degrees, to kill any harmful bacteria. Following this, the “digestate” – the matter left behind after the biogases have been extracted – is stored until it can be spread as fertilizer on agricultural land.
Now that the gases have been captured, they are able to be run through a Combined Heat and Power (CHP) engine. 30% of the heat is utilized by the plant to assist in the fermentation process, and the electricity is either utilized on site, or exported to the grid.
Currently 4NEW have two plants ready and started producing energy. Energy generated using one plant will be used for mining farm. The second plant’s energy is used for UK national grid.
4NEW Power Plant Images
As we all know, there is huge waste surplus in the world.
This year, the world will generate 2.6 trillion pounds of garbage — the weight of about 7,000 Empire State Buildings. And just under half of it comes from “organic” waste — food, mostly
Appox 5 kWh energy can be generate from 1 Tonne of waste. So this more than 1 trillion pounds of organic garbage, can be converted into energy, if 4NEW’s concept implemented worldwide. Since this is green energy we can solve the CO2 issue as well.
This concept will be very useful in APAC reason where there is huge population so both waste generation is huge and demand for energy also high. And there is hardly any option to generate green energy.
Now Let’s Talk About The 4NEW ICO
The 4NEW coin symbol is KWATT. Each KWATT Coin embodies within it, 1 kilowatt of electricity for a year.
ICO was started few weeks back, and soft cap is already achieved. 4 NEW have raised over $42.1M till now.
If you think you missed out this wonderful ICO? Don’t worry There will be 3 days pre-listing sale expected to start in 1st week of June 2018. ICO currently paused for KYC process which is required to avoid money laundering cases.
Even though pre-listing sale is from 1st week of June, you can register at 4NEW site and reserve your tokens now to receive early bird special bonus. They early you do the more bonus you get.