Glass-Encased Water Park Which Will Keep Mining Cryptocurrency All Day Long

By dan saada June 4, 2019 Off

A skyscraper cryptocurrency mining facility might be in place in Tehran, Iran.    The plan explains a cryptocurrency mining farm with swimming pools among a shopping mall with a food court and a spa.  The whole idea is about creating a glass-encased water park, which will keep mining cryptocurrency all day.

This plan is proposed in response to the US sanctions placed on Iran.  The plan has been submitted to the eVolo architecture magazine for a skyscraper competition. This massive cryptocurrency mining operation will be provided for the cooling effect as it is set to be located under the water; generate hydroelectric power, and will provide for secrecy as well.

The water to provide for the swimming park is set to be located on the top of the tank.  The water will also provide for the cooling effect required for the cryptocurrency mining hardware.  The water will generate energy as it flows down from the top of the tower via the hydroelectric turbines.

The plan is just a proposal, and it has not materialized yet.  If it emerges, the skyscraper will tower for about 560 meters over Tehran from the Abbas Abad Hills.  The plan is considered to be a political statement against the anti-nuclear Joint Comprehensive Plan of Action (JCPOA).

The JCPOA sanctions have created several challenges for Iran.  The main difficulty is to reduce the numbers of Uranium processing plan across the country.  The economy of Iran has naturally suffered.  Like several countries, cryptocurrency is considered as a tool to fight inflation.  While it sounds like a feasible idea, the judges of the competition were not as pleased.  Some say that this is another blockchain vision which will never come true.

Several corporate blockchain systems should be replaced over the next 18 month period if the corporates would want to be competitive and secure to avoid obsolescence.

Adrian Lee, Senior Research Director at Gartner, stated, “Many CIOs overestimate the capabilities and short-term benefits of blockchain as a technology to help them achieve their business goals, thus creating unrealistic expectations when assessing offerings from platform vendors and service providers.”

This is not the first time because several new technologies do not reach the market in their best form for the first time.  It is only after a few upgrades that they become the best.  If this technology does not serve active use cases, the corporates will move on to the next big thing. While several trade wars have come and gone, it is not the ruling of Bitcoin as investors are resorting to Bitcoin.