GreenBTC.Club V2 is Unleashed Powering the Sustainable Bitcoin Ecosystem

Arkreen
3 min readJul 31, 2024

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Thanks to the unselfish contributions from the community, around 100 GWh energy consumed by 160 thousand Bitcoin blocks has been greened in GreenBTC.Club V1 in the past 8 months. It’s an unprecedented achievement for GreenBTC.club, but still a small step for the earth.

[Full report : GreenBTC.Club V1 in Review: Commitment to a Sustainable Bitcoin Ecosystem].

GreenBTC.Club V2 preview is now unleashed for trial after months of hard working. As the successor of GreenBTC.Club V1, the new V2 not only brings brand new experience of greening bitcoin’s historical energy consumption but also introduces new interesting features.

Lowered Greening Barriers for Every One

GreenBTC.Club V1 allows users to green one or more Bitcoin blocks, but not a portion of a block. When the energy consumed by block mining grows from several kWh per block in early 2009 to more than 2 GWh per block in 2023, it becomes more and more difficult (if not impossible) for a user to green later Bitcoin blocks in a single attempt.

V2 designs a new mechanism that splits the energy consumed by a block zone into millions of small pieces. A user can green as little as a 10 kWh piece of the energy. This significantly lowers the barriers to participating in the greening activities for every community member.

More Diverse Rewards

In addition to AKRE rewards, GreenBTC.Club V2 will enrich the reward diversity for the greening activities. More interesting gifts will be supplied as rewards to the users. This also connects GreenBTC.Club to many DePIN, ReFi and other Web3 communities and hence, enhances the green contributions from all over the world.

More Contribution with Less Friction

GreenBTC.Club V1 directly uses ART (Arkreen Renewable energy Token, represented by an ERC-20 token) to offset the Bitcoin mining energy. As a fastidious green asset, ART links to the AREC (Arkreen Renewable Energy Certificate, represetned by an ERC-721 NFT) that it’s liquidized from. To support the bi-directional conversion between ART and AREC, both the ART and AREC smart contracts are more complex than usual ERC-20 and ERC-721 contracts. This leads to higher gas fee when offsetting the Bitcoin energy.

GreenBTC.Club V2 issues a new ERC-20 token KWH by burning ART (1 ART -> 1000 KWH) in a one-way behavior. This eliminates the overhead of maintaining the bi-directional mapping of ART and AREC and thus, lowers the gas fee. KWH, standing for Kilo-Watt Hour, is used in GreenBTC.Club V2 as a light weight green asset for all greening activities.

New User Interface and Experience

GreenBTC.Club V2 implements a new UI as well as the backend which not only brings better interaction experience but also improves performance allowing more users to play in the club simultaneously.

Airdrop Opportunities for V1 Seed Owners

Users who received seeds in GreenBTC.Club V1 will have additional chance to receive airdrop in V2. The more seeds, the more airdrop opportunities.

GreenBTC.Club never stops its step on the way for the public good. Join and enjoy the better GreenBTC.Club, the better earth.

About Arkreen Network

Arkreen Network is a Web3-enabled data network for globally distributed renewable energy resources connection and monetization driven by a vision of a carbon-neutral Earth. Enabled by Web3 (economics) and IoT plus Blockchain (tech), Arkreen Network aims to build up this infrastructure in a DePIN way from bottom-up by incentivizing climate actors in ReFi applications. You can learn more at www.arkreen.com

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Standard Miner Preorder:https://arkreen.com/preorder

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Document:https://docs.arkreen.com/

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Arkreen

A Web3-powered infrastructure for globally-distributed renewable energy resources, and carbon-reduction applications.