"Bitcoin is the digital transformation of capital."
Evergreen Sustainable Enterprises, Inc. (OTCQB: EGSE) is a sustainable green energy company with a vision of developing sustainable and innovative solutions within industry. With subsidiaries in data processing and hemp, EGSE has joined visionaries worldwide in developing progressive and innovative industries that are poised to revolutionize how we all live.
Through our data processing projects, we source stranded energy in rural areas for data processing installations. We then equip the installations with diverse energy to offset draws on fossil fuel powered grids. With our partners in Costa Rica, we use hydroelectric power for data processing sourced from our hydroelectric dam in Costa Rica. We continue to develop data processing installations across the U.S. with this mission of ultimately diversifying power sources and mitigating disruptions and inefficiencies in the grid.
Our hemp operations have been developed and polished since the hemp industry was resurrected in 2019. Our vision in hemp has always been to help usher in hemp industrial applications. We provide drying, stripping, cleaning, and storage of harvested hemp, and we have two industrial hemp hurd product lines – animal bedding under the brand name Rowdy Rooster, and industrial spill absorbent under the brand Gas Monkey Spill-Jack. These applications were two early movers in the application of hemp in products. We continue to research, develop, and collaborate on hemp applications for textiles and building materials.
to Our Evolution
OUR LATEST MISSION
Data Processing for Blockchain and Bitcoin have only just begun
OUR BRANDS & PRODUCTS
NOT TO WORRY.
INITIALLY, EVERYONE IS CONFUSED.
What is Bitcoin Mining?
Bitcoin is the most well-known type of cryptocurrency. Cryptocurrency (or Bitcoin) mining is the process by which digital transactions are verified and added to a digital, public ledger known as a “blockchain.” This process is an essential service and the backbone of the payments system for blockchain networks like that of Bitcoin. Without mining, the network cannot support transactions or transfers. To validate transactions on the network, miners must expend massive amounts of electricity to solve complex computational problems for the right to create a block. This verification process is conducted by special purpose ASIC computers (Application-Specific Integrated Circuits). This is the process known as “mining.”
How are miners paid? Coded into the Bitcoin protocol is the miner “incentive” system whereby arms-length mining operators are rewarded for their validation efforts in both a predetermined and variable number of Bitcoin (currently 6.25 Bitcoin plus +BTC transaction fees) for each block created. This incentive system is commonly referred to as the “block reward.” The Bitcoin protocol also incorporates a self-regulating governor known as “network difficulty,” designed to moderate block creation time (and thus, the supply of new Bitcoin) in response to changes in network computing power. Network difficulty adjusts every 2016 blocks, varying the complexity of the computational problem in order to target an average block creation time of 10 minutes. As more miners join the network, the amount of computing power required to mine a Bitcoin goes up and vice versa.
The maximum number of Bitcoins that will be created through mining is 21 million
Bitcoin was the brainchild of Satoshi Nakamoto, a pseudonym used by the author of a white paper written in 2008. Several people have claimed to be Nakamoto, but his or her true identity remains a mystery.
Bitcoin was created in 2009 and is the largest and oldest cryptocurrency
BTC Market Cap as of 1/24/2024