A lot of problems are inherent in cryptocurrency mining, the most significant of them are energy cost and environmental problems. Crypto currency mining is consuming a large percentage of the world’s energy supply. In 2017 alone, it was estimated that Bitcoin mining consumed up to 0.12% of the world’s energy and Ethereum on the other hand consumed 0.05%. It’s assumed that these figures have gone up since last year. Crypto currency mining is a major energy problem for most countries with its accompanying environmental implications.
These machines require a constant supply of electricity for powering on and cooling down the machines, because of this most mining operations are done in countries with low environmental standards and less authoritarian about cryptocurrency. But the implications of this constant burning of fossil fuels for energy generation is the increased carbon emissions which is a major contributor to climate change. There is an urgent need for more environmental friendly approach or process for electricity generation for mining operations.
SAE mining solution
In the wake of these problems, Swiss Alps Mining and Energy AG, a Switzerland based company wants to provide an eco-friendly mining centres in the Swiss Alps utilising unused structures in the area. Through the generation of electricity from renewable energy resources, Swiss Alps Mining and Energy (SAE) will be able to provide a cheaper energy and environmental friendly mining of cryptocurrencies in the Alpines. Swisscom Energy aims to solve the problem of energy usage and electricity cost by using mining stones that are exclusively supported by renewable energy and Organic Rankine Cycle (ORC) recovery from waste heat from mining equipment.
The SAE technological solution for cryptocurrency mining in the Swiss Alps are based on the following;
- In order to provide a sustainable and cost friendly power to power the SAM cubes, SAE will be utilising green power plants such as hydro power plants, photovoltaic systems and power plants. This will be the first phase of operation, the second phase will see SAE decentralize and digitise energy transmission through tokenisation and an integrated IoT to enable allow homes purchase and exchange electricity.
- To provide a cutting edge automation to cryptocurrency mining, SAE will employ the SAM cubes. These cubes are flexible and are modular in nature-they can be assembled and dissembled with ease and require little maintenance. The energy from these mining facilities in the form of waste heat will be recoverable through the use of Organic Rankine Cycle (ORC) for reuse.
- Through a set of algorithms that will be able to calculate the most profitable to mine coins, customers will be able to channel their resources into mining the most profitable coins instead of wasting their resources on not-profitable coins. Provides an opportunity for customers to channel their resources into profitable mining
- SAE will build centres that will house the SAM cubes and will be available in every alpine area where SAE will be operating. The SAM Centres will among protection for cultural assets contribute to the revenue of the host community.
- SAE is creating a platform as a service (SAM PaaS), instead of building on a particular blockchain, SAM PaaS will offer customers flexibility to assemble their desired technology stack in a matter of minutes to meet their needs.
SAM Tokens
To fuel the SAE ecosystem, the SAM token and ERC 20 standard token based on the Ethereum network will be deployed to facilitate the payment for services, purchase of power and SAM cubes. These tokens can as well be traded on other crypto based exchanges for other tokens, those who hold SAM token will be able to earn a ROI on their holdings through the profitable SAM mining.
Conclusion
The SAE is a well thought out project, promoting efficient and profitable mining operation in the Swiss Alps and at the same solving a major world problem in climate change. There is a lot in for everyone whether you are already a miner or wish to start, SAE will provide the necessary tools for a profitable mining operation.
Official SAE ICO Links**
Website: https://swissalpsmining.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3799103.0
Whitepaper: https://swissalpsmining.io/pdf/whitepaper.pdf
Telegram: https://t.me/swissalpsminingICO
My Bitcointalk Profile https://bitcointalk.org/index.php?action=profile;u=2171173
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Great post @cryptrex. Very well researched. Have upvoted :)
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