Mining of cryptocurrencies began when bitcoin was first launched in January 2009 an invention by a great inventor who remains unknown, Satoshi Nakamato. Currently aside Bitcoins several other altcoins have been launched into the system such as Ethereum, Litecoin, Dash, Ripple etc. Mining of bitcoins have gone through several stages where these days people and firms mine for cryptocurrencies but don’t get much profit compared to cost of resources that they put into it.
THE PROBLEM IN THE MINING OF CRYPTOCURRENCIES
Mining of cryptocurrencies require the use of special hardwares like ASIC, GPU, CPU etc. and these hardware components consume electricity at a very high rate and this sometimes make mining of cryptocurrencies not attractive. Everybody who does any business would want to gain profits from it and not to incur huge expenses. Mining of cryptocurrencies can consume about 70% of total budget and so it is very necessary that mining firms use an energy efficient machine and also energy that is renewable to curb the rate at which the spent on energy.
Most mining firms use coal, oil and gas which are non-renewable sources of energy and so the cost of supply regularly with such firms is very expensive. This reduces the income that is supposed to be generated since the cost of production is very high. Also, these non-renewable sources of energy also contribute to the pollution of the environment. When this high amount of Carbon dioxide is released into the atmosphere they result into global warming which further goes a long way to cause many climate changes in our world. In two sides of a sword sources of non-renewable sources of energy are reducing our total income and also causing harm to our environment. This situation has been looked at carefully for a while now and Cryptosolartech has identified a solution which is going to help future industries and mankind in general.
THE SOLUTION CRYPTOSOLARTECH OFFERS
With the use of solar energy Cryptosolartech is going to construct greenfield solar facilities which will provide energy to run miner plants at a very subsidized cost of power compared to the use of non-renewable sources of energy like coal, oil etc. These facilities will be made available so that token holders and anybody who is interested into mining of cryptocurrencies can access the facility by paying a rental fee. Mining will be done at a reduced cost so that Token Holders can gain huge profits from their efforts.
The use of other forms of renewable source of energy has been used in several countries and has seen great success. Talk about China where hydroelectric power is used to power several cities constantly and also Spain where solar energy is also being used efficiently as a source of power.
The running of solar energy and mining of cryptocurrencies is going to help incorporate the blockchain technology in several aspects of human lives. The blockchain technology is noted for its transparency in transactions and also how fast transactions can be made on the internet. It is also gives users the power to make transactions with other without the interference of any third party system. This grants users the autonomy over their transactions. Please refer to the Whitepaper to read more about the advantages of the blockchain technology.
THE CONCEPT BEHIND CRYPTOSOLARTECH
Cryptosolartech is a global initiative which is going to establish many solar farms which will be used purposely to mine cryptoassets. These farms are going to be located in the South of Spain where enough solar energy can be generated to power the mining machines. About 3000 miner machines will be installed at the launch of this project as a start-up.
In order to have access to the miners in the farm Token holders are to have in possession Cryptosolartech Token (CST) which are going to be made available during the Token Generating Event. After the Token Generating Event, no more CST will be generated and so token holders are advised not to delay in the purchasing of Cryptosolartech Tokens as the price is likely to increase when it goes unto exchange.
There is going to be site repair center where faulty miners would be attended to so that mining of crypto assets can continue regularly for 24/7. Cryptosolartech has captured all the possible risk factors that are likely to rise as a result and have put in mechanism to regulate it.
TOKEN
The Cryptosolartech Tokens are going to be generated during the Token Generating Event. A total of 1, 126 million Cryptosolartech tokens which are a standard ERC-20 tokens and will be generated at this event. The price of 1CST will be €0.05 but the price will increase to €0.10 during the sales of the tokens. Investors and token holders are to note that the purchasing of tokens is going to be done with a smart contract. Coinfabrik is going to take charge of all the payments for CST tokens during sales of tokens.
Contained in the whitepaper are some rules and regulations which all investors are to note in the purchasing of tokens.
ALLOCATION OF TOKENS
ROADMAP
TEAM MEMBERS
This great initiative was cooked up by a group of crypto enthusiasts who have experience and skills in various fields of technology, development and technology. With their knowledge and level of expertise they will see to the success of this project. Below are a few of them, please visit the website to get to know more of the entire team members.
Investors can follow up with Cryptosolartech on the following contact lines:
Authorship
Bitcointalk Username: Kelvinikke
My bitcointalk profile is https://bitcointalk.org/index.php?action=profile;u=2087374
Ethereum wallet address: 0x512A64861629E6955b4E8fFa8577A3d179AD9E55