The success of digital currencies is directly related to the energy capacity that is needed for a mining process. In line with it, the global community raises an issue of an increase in massive energy consumption and seeks ways of cutting total energy use. Cryptosolartech has announced that they will use solar energy to provide power supply for cryptocurrency mining.
https://cryptosolartech.org/en/
Assessing the growing experience with global mining of cryptocurrencies, Cryptosolartech makes an effort to develop a strong business solution for renewable energy to be implemented for computing and hash power. Cryptosolartech offers to cryptominers its solar facilities in Southern Spain, a country with the privileged solar conditions. The project aims to increase the return of investments and reduce expenses with its cost-effective energy solution.
Solar mining farms
To generate the photovoltaic energy, Cryptosolartech will implement flat solar panels. On the initial stage, there will be about 3.000 miner machines available on the mining farm in Malaga, Southern Spain. Miner algorithms will be provided exclusively to the platform users, who are token holders of CST. Charges for the rent cost of the miner plant are 20% of the total cryptoassets obtained by a miner. The key factor that allows for development is progressive tokenization of the system.
With the number of 3.000 miner machines the estimated daily power consumption will be a 68,376 Kwh. However, with the use of photovoltaic plants an estimated number is 271,000 kWh a day. With all further estimations including sales prices there should be €9,747,21 for miner power consumption. In order to maintain the level of efficiency, Cryptosolartech will invest in two independent projects in the field of renewable energy. The power produced by the farm will be sold to a Spanish green energy company Respira Energia.
Operating principles of the platform
Token holders should first register on the platform to verify their CST tokens. There are two options available to start the mining process. As an individual miner, you may select an algorithm for mining cryptocurrency you need. Using these options you can create your portfolio on the platform and start mining. You can than save your coins or exchange them.
https://cryptosolartech.org/en/
Another option for mining crypto assets includes different trading plans. The percentage raised strongly correlates with the time for token allocation, e.g. from 3 to 12 months.
Token Sale Plan
In order to provide an access to the miner machines, the company will launch a Token Generating Event, which stays for the public sale.
Coinfabric is a platform designed to collect payments accepted for CST tokens. The platform is Ethereum-based, operating on ERC20-standard.
The price of electricity generation is typically high. Cryptosolartech will utilize renewable energy for the purpose of mining and establish solar power plants with the mining centre in Malaga, Spain. Assuming that power generation can make up to 70% of transaction cost, competitive price of electricity is a key factor of any mining project. The revenues obtained from the green energy generation will all be used to maintain and improve the system. For this purpose, Cryptosolartech signed a 15-year contract with Respira Energia. That is how token holders will be able to profit together with the platform when it sells energy.
Website: https://cryptosolartech.org/en/
WhitePaper: https://cryptosolartech.org/doc/cryptosolartech-whitepaper-en.pdf
Telegram: https://t.me/cryptosolartechEN
Facebook: https://www.facebook.com/cryptosolartech/
Twitter: https://twitter.com/cryptosolartech
Medium: https://medium.com/@cryptosolartech
ANN: https://bitcointalk.org/index.php?action=profile;u=1752892
Author: https://bitcointalk.org/index.php?action=profile;u=980049
ETH: 0x65F8d06FEA4094273ccAC18Ceb8c2686d9F95E05