Mining cryptocurrencies has become very profitable over the years. Looking back to five or ten years ago, the idea might have seemed a little weird. But today, it cannot be denied that mining cryptocurrencies is literally making millioners out of paupers, so it does make some sense to see people wanting to jump into the bandwagon themselves.
The thing is, mining cryptocurrencies is no longer as simple as it sounds. It used to be that mining could easily be done with any computer hardware, but this method is not efficient anymore, thus sparking the evolution of mining farms.
Sadly, there are environmental issues that come with this, among them the high energy usage. Accordingly, around 69 TWh are consumed yearly to confirm transactions and create new blocks.
The energy cost is increasing as years go by, eventually turning into a global problem that impacts the environment. This is one issue that Swiss Alps Energy AG (SAE) hopes to address by utilizing mining cubes. SAE is a distributed ledger-based energy supplier and operator of flexible modular mining infrastructure that aims to take advantage of the blockchain technlogy and makes better use of the unusued buildings in the Swiss alps as facilities to reduce cost and promote environmentally-sound mining.
Essentially, the SAE Mining Farms:
- will utilize unused, disused, and inhabited buildings, thereby saving on rentals;
*are developed within the SAM Cubes. The Cubes are pre-made, easily mountable, and self-contained for better efficiency and greater profitability. The cubes are installed in a way that will not alter the structure of the building, and come with natural cooling features as the SAM Cubes are are located at high altitudes in the Swiss Alps where the annual temperature averages only 15 degrees Celsius;
*will make use of Organic Ranking Cycle (ORC) as its system of recovering energy, thereby decreasing energy consumption by as much as half.
Through an Initial Coin Offering (ICO), Swiss Alps Energy AG will raise the necessary funds to develop and expand mining facilities. The funds will also be used to acquire holdings in hydropower plants which produce cheaper energy, thereby making the entire mining process less costly but more eco-friendly. A crowdsale of of SAM tokens will be held for the marketing activities and the further development of the SAM platform which will contain a wallet compatible with other existing token exchanges.
Further, the company will generate revenues by renting out cubes or individual mining facilities that can be paid using SAM tokens. These mining facilities will benefit companies and individuals alike, and at the same time, provide SAE with a profitable income, so the company will not need to look for additional capital anymore.
Yes, mining is the name of the game these days, but SAE changes the rules with its initiative of creating mining facilities that are efficient but eco-friendly, affordable but sustainable and profitable at the same time. With SAE, everyone can now a part of this business without having to feel guilty for consuming too much energy.
Token Details:
Name: Sam
Token Supply: 239,682,538 Sam
Token Pre-sale: 14,583,333 Sam (6.0844%)
Token Main Sale: 165,178,571 Sam (68.9156%)
Token Private Sale Price Tier 1: $0.30
Token Private Sale Price Tier 2: $0.40
Token Main Sale Tier 1: $0.50
Token Main Sale Tier 2: $0.60
Token Main Sale Tier 3: $0.70
Token Main Sale Tier 4: $0.80
Soft Cap/Hard Cap: $5,000,000.00/$100,000,000.00
ICO Private Start: May 2018
ICO Start: June 2018
To get the latest updates on this ICO, visit their official social media pages and view their website and whitepaper.
Website: https://swissalpsmining.io/
Whitepaper: https://swissalpsmining.io/pdf/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3799103.0
Twitter: https://twitter.com/swissalpsmining
Facebook: https://www.facebook.com/swissalpsmining/
Telegram: https://t.me/swissalpsminingICO
Instagram: https://www.instagram.com/swissalpsmining/
Vimeo: https://vimeo.com/user84336007
Author: Hypervira
Author Link: https://bitcointalk.org/index.php?action=profile;u=1419911