Connecting the world of blockchain with environmentally friendly mining in unused buildings in the Swiss alps.
SAM Cubes
The flexible and modular mining cubes provide cutting-edge automation and require little maintenance. In addition to highly efficient ventilation units, an Organic Rankine Cycle (ORC) system is in the project phase. ORC systems use the waste heat of industrial processes (through a downstream steam power process) to generate electricity and thus use the waste heat generated by the mining process to recover energy. SAM Cubes are located at a high altitude and a therefore lowered boiling point of water, which facilitates this process.
The cubes are self-contained and operate autonomously. For extensive maintenance and monitoring, each cube communicates with the central management platform that monitors the cubes and assigns to each cube the optimal parameter to maximize mining for maximum profit.
SAM Power Plants
By means of direct participation in or the purchase of green power plants such as hydropower plants, photovoltaic systems and wind power plants, SAE does not buy but produce the sustainable and cost-efficient power to operate the SAM Cubes. These power-generating units are the so-called SAM Power Plants. The energy produced is delivered to SAE’s own cubes or halls, which end users/miners can also equip with their own miners. Due to problematic cooling and noise emissions of mining facilities, the demand for suitable premises and electricity is high. SAM can lease both premises and electricity to competitors.
SAM Centers
In each alpine area where Swiss Alps Energy AG is going to be operating cubes, a branch office will be installed; the so-called SAM Centers. This ensures that in addition to the benefits from the protection of cultural assets, the local municipalities may profit from tax revenues.
What is more, for on-site services such as on-call duty and security, local talents will be recruited and trained for deployment. The SAM Centers promote the economic viability of the respective community and may have a lasting positive impact on other sectors.
SAM - Energy
SAM Power Plant
With the SAM power plant, SAE connects two current technological worlds in order to offer a simple and smart solution to sell electricity to the industry.
Electricity is a commodity and is being sold according to standardized criteria. Quality and quantity are the most important parameters. The sale of a commodity is tied to distributors, and the corresponding administrative effort to generate contracts between sellers and consumers is considerable.
The blockchain technology together with the IoT can help to solve these challenges. Costs can be lowered substantially by depositing, executing and administering contracts with consumers as smart contracts on a permissioned blockchain.
Intelligent meters are linked to the blockchain infrastructure with IoT devices. At the cutoff date, the meter reading is sent to the respective smart contract, which calculates the usage and establishes the amount due – SAM tokens in the case of SAE. Once the consumer has paid the amount due using our back-end, delivery of the service will continue. This happens automati - cally based on the communication between the intelligent meter and the blockchain.
Smart contracts are set up individually and can depict any contractual arrangement of the real world.
SAE uses Hyperledger Burrow for this solution, in combination with an IoT device that has been developed especially for this purpose.
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