We want our technology to be both sustainable and a solution. That’s why we’re proud to be 100% carbon neutral.
Cudo is not only producing innovative software that makes mining cryptocurrency easy and safe for everybody, but we’re committed to doing so with a clean environmental conscience.
We are the first company in the cryptocurrency mining space to commit to carbon neutrality.
We believe that blockchain and cryptocurrency are technologies with an incredible future. That’s why it’s important to evaluate and understand the possible impact that this could have on the environment now.
While these technologies offer great possibilities, blockchain networks are supported via mining or Proof of Work (POW) technologies which can have a seriously negative effect on the environment. While other solutions are being tested – such as Proof of Stake (POS) – cryptocurrency mining is here to stay, so we want to do something about that now.
We can assist with your company’s corporate social responsibility and environmental social governance.
If you choose to install Cudo software, you are benefitting from our unique innovation in more ways than one.
The cryptocurrency you mine will directly correlate to energy use, which we will measure and match to its own weight in carbon credits. This is a transparent process which you are welcome to use as part of your company’s own CSR (Corporate Social Responsibility) reporting.
We walk the talk and ensure that we are consistently working with carbon emissions of net zero. This includes the energy consumed when using our software on your own computers.
To do this, we calculate the amount of energy being used by your device.
First, we make an accurate calculation of the device’s output, based on the hardware type or wattage; otherwise, we make an estimate based on the performance of the hardware. We can then ascertain the difference in energy consumption, between idling and mining. This allows us to see how many hours a day the hardware is actively mining and calculate the sum where carbon off-setting is required.
We then invest in the equivalent value of carbon credits; a proven, permanent and measured example of responsible energy consumption.