Volta comes to support Perpetuum by providing savings in the electricity consumption of mining and at the same time reducing the carbon footprint generated by cryptocurrency mining.
Now, we have the opportunity to invest in 100% effective renewable energies. The continuous power consumption from the mining equipment offers an opportunity to optimize the resources obtained from photovoltaic energy.
Through the Volta (VLT) token, we put in place an active feedback mechanism derived from selling the electricity produced by the solar panels that feed Perpetuumʼs mining electrical system.
Mining in Perpetuum solves successfully the majority of problems that Bitcoin and Ethereum miners face currently. Some of the negative aspects of mining are the electricity costs and the environmental footprint.
For that reason, Voltaʼs purpose is to join and support Perpetuumʼs mining electrical system, installing as many solar panels as needed to achieve a maximum decrease both in the electricity costs and in the environmental footprint.
Market and utilities
Currently, the solar photovoltaic market has a return of investment or ROI of approximately 3 years, since the cost-effectiveness is very low. Volta offers an opportunity to enter the high-productivity photovoltaic market, reducing that ROI to less than a year, without taking into account the movement experienced by the token itself.
The utilities associated to the Perpetuum Ecosystem include the installation of mining equipment from investors and the rental of a hash share, a business in continuous growth that guarantees the request of more solar panels.
Connection with Perpetuum
Volta and Perpetuum expand beyond the limits: VLT powers PRP providing a green source of unlimited solar energy at a low cost, making PRPʼs electricity costs drastically reduced. PRP will reward every KW obtained from VLT at a better price than that offered by the electricity market in general. The profits obtained from the sale of energy provided by VLT will be used for the purchase and burn of VLTʼs own token, ensuring an increase in the price while reducing its finite supply.
Volta is an integral part of PRP and offers a sustainable world and a change in the current mining model. They cannot work without the other, since our approach needs both Perpetuum and Volta to achieve our goals.
Therefore, when PRP is not able to expand its mining capacity due to lack of capital, VLT will continue to feed PRP in the form of a loan. The mining ASICs that VLT provides to the PRP farm will be used for Staking.