Introduction
Electricity is one of the greatest inventions of the human kind which made possible the development of so many other technologies in the world. Many parts of the world still rely heavily on the non-renewable sources to generate electricity, while many countries are moving on to the green energy solutions. Investment in the green projects is a capital-intensive exercise, hence it requires the participation of private organizations too. Cryptocurrency mining is slowly becoming the big consumer of the electricity.
Since it needs a continuous supply of electricity for the majority of its operations, the cost of cryptocurrency tokens is indirectly dependent on the cost of electricity in the various parts of the world where large-scale cryptocurrency mining is taking place. Not only will they benefit from the cheap electricity but also environmènt will be safe with the application of green energy solutions. Do you think that we can develop a sustainable solution for the mining companies?
Solution offered
CRYPTOSOLARTECH is creating a solution for mining companies to utilize the renewable energy sources for their mining operation. Reducing the cost of electricity by bringing the solar energy into the cryptocurrency world, they have taken a giant leap of faith on the renewable source of energy. The solar energy is a growing market in many parts of the world with a strong possibility of growth in the coming decade. Cryptocurrency mining through solar energy will allow investors on the platform to subset the high volatility of the cryptocurrency market. Spending on the power will be reduced once the crypto mining companies adopt the renewable sources of energy for their operation. Blockchain technology helps in the process of joining the two giant markets.
Smart contract based agreement between the solar power providers and the crypto mining companies will bring transparency in the transactions and efficient management of the resources. Decentralized management of the resources is another unique advantage on the platform. The token holders of the platform can choose between two mining plans: individual mining plan and trading plan. The individual mining plan allows full control to the user where they can select the different cryptocurrency mining operations and their different algorithms. The trading plan allows a fixed profit for the user, but the operation is based on the algorithm developed by the team. Photovoltaic parks and solar projects across the world will be able to utilize the services offered by the platform.
ICO INFORMATION AND TEAM
1,260,000,000 CST Tokens are created for the project. 80% of the total tokens are reserved for the sale. Token sale is currently live on the platform. 80% of the funds will be invested in the development of the green energy projects and the platform development. The team working on the platform is experienced in the fields of blockchain technology and solar energy management.
Conclusion
The miners have chosen countries where the cost of electricity is cheap and reliable for a longer duration. The mining pool is investing vast sums into buying power plants in many countries for their future usage. They are looking to increase their margin of profit, and to achieve security in the power generation, they will have to invest in alternative resources. Cryptomining prices will rise once the renewable energy sources are depleted from the earth. Investing in the future of energy is one of the best usages of the cryptocurrency.
People who believe in the power of the blockchain will see the progress in the solar power projects once the platform completes the ICO. Not only for crypto mining operations but these solar solutions will also be used for other commercial operations. We are looking into the future, and this is what is required for the sustainable future. I think that people will be more than happy to invest in their future. What do you think about the different services offered by the platform for the solar energy solutions? Are we ready to believe in the power of the sun?
Website- https://cryptosolartech.org/en/
Whitepaper- https://cryptosolartech.org/doc/cryptosolartech-whitepaper-en.pdf
Published By- Kishan748
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1027561