Lithuanians have an idea how to reduce crypto mining costs

During the largest non-profit ICT and entrepreneurship event in the Baltic States #SWITCH held in Vilnius, winners of the Smart Energy Hackathon organized by Lietuvos Energija, the energy companies group of Lithuania, were elected. The main prize, EUR 1,500 in the selected cryptocurrency, was awarded to the team that created a platform prototype which is intended for cryptocurrency mining based on the sharing principle. The suggested platform model in each case would enable to find the most suitable place in the world to install computer equipment and to organize cryptocurrency mining for the lowest energy price on that date, a press release from Lietuvos Energija reads.