Debate Over Crypto Mining's Potential Environmental Impacts Receives Strong Rebuttals

FN Media Group Presents USA News Group News Commentary

VANCOUVER, B.C., May 10, 2022 /PRNewswire/ -- USA News Group – have co-authored a rebuttal letter to the EPA after two dozen House legislators made claims regarding the cryptocurrency's environmental impacts. Last year China banned crypto mining, forcing several operations to move to various regions each with methods to keep their environmental impacts low. Among the more prominent miners in operation today are Bitfarms (NASDAQ:BITF), Marathon Digital (NASDAQ:MARA), HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) (TSX.V:HIVE), Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT) each mining BTC or Ethereum (ETH), while Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF) was the first publicly-traded company to mine Litecoin (LTC) and Dogecoin (DOGE).

After initially launching its cryptomining in China prior to the ban, Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF) has successfully shifted its LTC/DOGE mining operations to North America and to Australia.

Housed in an undisclosed location in Victoria, Australia, Hello Pal has 100 Bitmain Antminer L7 Mining Rigs fully operational and mining LTC and DOGE. The data centre in Australia is capable of housing up to 20,000 Mining Rigs providing sufficient room for Hello Pal to expand its cryptocurrency mining capabilities onsite down the track.

The L7 model has a hashrate of 9500 MH/s, which is 19x more powerful than that of the previous L3+ model. They consume substantially less power and have a stability rate of 98% in comparison to the previous stability rate of 70% improving overall profit margins considerably.

Hello Pal is a provider of rapidly growing international live-streaming, language learning and a social-crypto platform, and recently launched two new apps: DogeChat and DoggeChat.

The new apps combine the appeal of video livestreaming, cryptocurrency transactions, and 1-on-1 VIP chatting interactions.

DoggeChat will launch first with payments made in fiat currencies through Apple Pay and Google Pay, while in DogeChat payments will be made in DOGE and other cryptocurrencies.

"We expect these apps to be very synergistic to our current livestreaming and crypto-mining operations," said KL Wong, Founder and Chairman of Hello Pal. "They will not only bring into our existing ecosystem new users from different markets, but also allow us to start implementing our goal to make the use of cryptocurrency more widespread in the world, starting with our users."