Bridging Gold Mining And Crypto: The Environmental Solutions Of Gold Plus Coin

Recently, the climate change narrative has permeated the discourse of industries far and wide. From finance and healthcare to education and manufacturing processes, the world has long tried to fight off the increasingly heavy pressure to adapt and evolve. The cryptocurrency sector, which has attracted considerable attention recently, is no exception. Though this digital revolution once seemed impervious to ‘Earthly concerns,’ it’s now facing the reality of its environmental impact.

Blockchain technology, the crypto industry’s bedrock, has been associated with a significant carbon footprint due to the energy-intensive mining processes of most ‘proof of work’ tokens like Bitcoin. As the issues grew worse and more apparent, experts, enthusiasts, and society at large wondered: if no changes were implemented, for how long could crypto remain sustainable?

For David Roy Newby, CEO of Gold Plus Coin (aka “GPC”), a new digital currency that combines the stability of gold with the convenience of digital tokens, the answer is surprisingly simple and all too familiar to most of us: when there’s a will, there’s a way.

“In the 1860’s whale blubber was used to fuel lamps at night, the world was running out of whales, and people were fearful of going back to the Dark Ages. Soon after that, people figured out how to make kerosene, and people had light at night without having to kill any more whales. Similarly today, I firmly believe that we can use our creativity and intrinsic problem-solving skills to find ways of operating the digital token ecosystem sustainably, without compromising our mission or anyone’s profitability in the long run,” Newby shares.

One solution adopted by many Bitcoin miners is to process transactions with off-peak and renewal energy, greatly reducing BTC’s energy use. According to Newby, the most significant question we should ask to find more solutions is: “What are the most ecologically responsible ways to use the resources the Earth provides us, in a manner that promotes prosperity for all?”

Throughout his career, Newby’s philosophy was deeply rooted in the principles of sustainability and environmental responsibility. He believes in the transformative power of blockchain technology, and he and his team have structured Gold Plus Coin’s tokenomics to offer secure, transparent, and sustainable gold ownership to investors at all levels- individuals up to nations.

Thanks to his dual experience in both traditional gold investment and the realm of cryptocurrency, Newby’s team has positioned GPC as a true, eco-forward standard-setter. “Sustainability has always been important to me, and I believe it plays a crucial role in the worlds of both digital tokens and real-world commodities,” he says.

With a number of gold mines under contract in multiple countries, GPC has made significant strides in addressing the sustainability issue at its very core: the gold mines themselves.

Still today, countless miners use harsh chemicals to extract gold from the rocks it is found in. This contaminates their local drinking water and, as a result, causes birth defects, deformities, and high cancer rates. As tragic as this is, it’s only scratching the surface of the human cost of gold mining, especially when one considers the lives tragically lost during mining accidents.

“I once met a lovely family of 3 small gold miners who worked day in and day out without proper equipment,” Newby shares. “This equipment is readily available in more developed countries, but for some, it’s unobtainable. Unfortunately, I learned that 2 of the 3 miners passed away when the ground caved in on them inside their gold mine. I was devastated to hear the news.”

Gold Plus Coin’s approach is to offer gold miners a safer and more eco-friendly way to monetize their in-ground proven reserves, by tokenizing the gold as GPC tokens. This allows miners to profit from their gold up to 5 to 10 times faster than if they continued to extract it from the gold using traditional gold mining alone. For the gold mines they work with, GPC’s business model also lifts the burdens of equipment, power, and supply chain challenges that they normally face.

Another component of being environmentally friendly is that GPC tokens use proof of stake tokenomics, which allows fast transactions with minimum energy consumption. GPC aims for their whole blockchain to be under 350MB in size, which will allow users to spend GPC tokens for retail purchases quickly and conveniently, even on old, slower smartphones.

The result overall? A unique business model that leverages the latest technologies to address key financial challenges such as inflation, economic uncertainty, and accessibility to assets while leaving the planet better off – both environmentally and economically.

Beyond tackling ‘on-site’ gold mining issues, Gold Plus Coin bringing sustainability to blockchain and digital tokens becomes more than just a buzzword; it becomes reality.

As David reiterates, “GPC aims to establish a new gold standard in the gold mining and digital token industries, ensuring that tokens backed by proven, measurable assets are available to investors of all levels of wealth. Much more than that, GPC will remain steadfast in supporting gold miners and promoting responsible business practices globally – both online and offline – so that new generations will enjoy a brighter, greener, sustainable, and most abundant future.”