The introduction of bitcoin and other cryptocurrencies based on the proof of work (POW) consensus gave birth to what is currently known as cryptocurrency mining. Amidst the cryptocurrency boom last year, new and old miners were gunning for the newly discovered financial gold, mining rigs and farms were being built here and there. The entire cryptocurrency mining raised a lot of environmental concerns due to its high energy demand. Many people questioned it’s justification citing the numerous environmental implications it could lead to.
This has lead to many concerned individuals asking questions on how this negative implication can be savaged. In order to address these environmental issues, there’s need for change in energy generation, from the use of fossil fuels to eco-friendly alternatives. Swiss Alps Mining and Energy, based in Switzerland aims to provide and environmental friendly crypto mining alternative in the Swiss Alps. Swiss Alps Energy will utilize abandoned structures in the Alps to build cryptocurrency mining farms. SAE will build hydropower plants which will provide the electricity that will be needed to run the farms and also provide energy for neighbouring communities.
The SAE Cubes
This is revolutionary approach by SAE in reinventing cryptocurrency mining. The SAM Cubes are modular in nature which allows them to be easily assembled by anyone. The cold temperature in the Swiss Alps and the Organic Ranking Cycle (ORC) system helps the SAM Cubes to maintain a cool temperature and reduce energy consumption up to 50%. The SAM Cubes can be rented by anyone or purchased outrightly.
The SAE Power plants
SAE envision a time where electricity generation, distribution and purchase will become fully automated and decentralised. Energy generation will only be by renewable sources such as hydropower plants, photovoltaic systems and Wind power plants. Producing and utilising in house electricity will reduce the cost of electricity needed to run the SAM Cubes. Users and miners can take advantage of the cost-efficient electricity to power their mining equipment.
SAM Smart Mining
In order to achieve a profitable mining of cryptocurrencies, SAM Smart Mining will utilise SAE's proprietary artificial intelligence which will continuously calculate the most profitable cryptocurrencies to mine. Based on the obtained results, miners will be provided with adequate information that will enable them to adjust their mining and stay profitable.
SAM TOKEN
The SAM token is a utility token based on the Ethereum Blockchain. The SAM Tokens will be used to purchase all services provided by SAE and also the purchase of power and SAM Cubes. Also within the SAE mining and service universe, the SAM Tokens will be used as means of payment and it can be traded on cryptocurrency exchanges.
Conclusion
Cryptocurrency mining has received a lot of backlash in the past because of its perceived contribution to environmental problems such as climate change, the change to renewable energy sources by SAE will be a welcome solution from environmental perspective and also considering it’s affordability, miners will definitely welcome it. Cryptocurrency mining has in the last few months become less profitable compared to last year, SAM smart mining is guaranteeing miners a continuous profitable cryptocurrency mining.
Important SAM ICO Links
Website: https://tokensale.swissalpsmining.io/
Whitepaper: https://swissalpsmining.io/pdf/whitepaper.pdf
Telegram: http://t.me/swissalpsminingICO
My Bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=2193404