Greetings to all subscribers and guests of my blog. Today I present to you an overview of an interesting ICO project. It is interesting because the problems it undertakes to solve are very relevant, especially in the last decade.
The word "mining" recently began to gain incredibly huge popularity, millions of people around the world began to produce a different cryptocurrency, but every year this process is becoming more complicated. One of the problems of mining, forcing many people to abandon this idea – the huge cost of electricity.
Problems of cryptocurrency mining
Mining, which at first glance seems to be a huge earning opportunity, is actually very energy-intensive. In the process of cryptocurrency mining computer processors solve complex mathematical problems, which leads to high energy consumption and strong heat generation. By the way, according to scientists, in Germany mining will not pay for itself because of the high price of electricity. In Europe, electricity prices are generally very high, so mining farms are located in countries where cheap energy, such as Iceland, Venezuela, China.
This is one problem, the second is air pollution. This, in my opinion, is a more significant and global problem. For example, for the extraction of bitcoins, an amount of energy is allocated, approximately equal to the emission of 7.6 million tons of carbon dioxide into the environment. As carbon dioxide accumulates in the upper atmosphere, it affects both our health and the climate of the entire planet. The consequences can be disastrous.
This company implements the idea that cryptocurrency mining will be carried out in the most efficient way due to natural, renewable energy.
Swiss Alps Mining & Energy combines the possibilities of mining, the use of environmental energy and unused buildings in the Swiss Alps. The company will use abandoned houses high in the mountains, which can not be inhabited, and therefore have a low cost, and place there special mining cubes (SAM Cube).
Swiss Alps Energy is not just a marketplace on the blockchain, not a decentralized exchange and not even a platform on smart contracts. The project addresses much more relevant and applied problems that exist in the field of cryptocurrency and mining, namely:
-The need to remove a large amount of heat;
-Excessively high energy consumption in the process of mining for cryptocurrency;
-The complexity of maintenance and storage of mining equipment in the domestic environment.
The team worked for a long time to create an effective solution that would make cryptocurrency mining less harmful to the environment and more profitable for the miners themselves. As a result, the SAE project was created.
The objectives of the project in Swiss Alps
The main purpose of the project was to preserve the existing cultural heritage of the country in the form of buildings and structures, to give them a new role in the development of social welfare and to minimize the level of energy consumption during mining, to make it environmentally friendly, which will reduce its negative impact on the environment. For the further development of the project, the acquisition of mining equipment and the purchase of hydroelectric power and other energy sources, the money collected during the ICO will be spent.
The platform itself will be based on three technological solutions:
Organic Rankine Cycle. A system that will use excess heat from mining to generate electricity. Then this energy can be redirected to the equipment itself or distributed among consumers.
KUB SAE. This is a unique development of the team, which will become the main unit of equipment for eco-mining. Mining equipment and ORC system will be installed inside the cubes. Two modifications of the cube are already available today. The first will cost consumers 200 thousand dollars, and the second – 350 thousand dollars. At the same time, as the developers say, even a smaller version of the SAE cube will be able to produce 20 BTC, as well as 150 ETH per year. In terms of dollars, the annual profit will be about 210 thousand dollars at the exchange rate to date. Cubes will work offline under control from the control center.
SamaiX system. It is designed to automatically select the most profitable cryptocurrencies for mining. It uses artificial intelligence that has undergone machine learning. In this case, the system will offer users a coin to choose from, analyze them and in the future refer to the data obtained.
The ability to install ASIC and GPU miners;
System application intelligent mining;
Application of the Organic Rankine Cycle system (or simply – ORC, this is an interesting technology needed to improve the efficiency of energy consumption. Thanks to it, the heat generated during mining is transformed into energy and again "feeds" the cubes);
2 size options: 4x2x2 m and 8x2x2 m (pictured below).
You can learn more about the project and the proposed technological solutions in WP project.
What are the advantages of the project
The project has the characteristic advantages reflecting its noble purpose of creation and ability to keep up to date:
organized by the safe mining of the currency;
uses modular systems-cubes that are easily transported and assembled in mining systems anywhere;
preservation of cultural heritage and economic development of regions.
- With the Organic Rankine Cycle (ORC) system, energy consumption is reduced by 50% compared to similar installations.
- The use of abandoned premises for the installation of mining equipment can save on rent.
• All sources of electricity are renewable, which has a positive impact on the environment.
• Low temperature solves the problem of the equipment overheating. Cooling occurs naturally.
- The use of automated modular cubes controlled by the Central management platform significantly reduces equipment maintenance costs.
- Mobility and simplicity of cube design, makes it possible to install in any convenient place
Road map for the development of the project
The team began its work on the project in October 2017 and in the spring of 2018 the first container was assembled, after which the development of the project and its platform began. In may this year, after the private ICO, the project completed the identification process and KYC and additional containers appeared. By the end of 2018, it will be necessary to buy a power plant, put into operation containers and start producing electricity. And by the middle of 2019, it is planned to complete all the work on the development of the platform and bring it to the level of the world project on cryptocurrency mining.
Swiss Alps project team
The main development team consists of 9 highly qualified specialists in their field. They are working together to bring the project to undoubted success. Each member of the team has extensive experience in such projects, they are experienced specialists in the development of Blockchain technologies.
The core development team consists of:
Carlo Collenberg-founder and CEO specialist;
Ramon Simon-founder and CFO specialist;
Michael Rava-founder and CMO specialist;
Rajasekaran Yogarajaf-CTO specialist;
Gnanasekaran Yogarajah-CDO specialist;
Christian Giger - chief engineer of Cuba;
Zekeriya Ak – the head of the Department of electronics;
Willhelm Andreas, chief designer of the equipment;
Pascale Ucella – the Director for work with personnel.
ICO details of Swiss Alps project
This platform has its own token, called SAM. It was released in the amount of 240 000 000 pieces. The token itself was created on the basis of the Ethereum platform and has the ERC20 standard. Investments can be made using cryptocurrencies such as ETH and BTC.
The distribution of coins was as follows:
for team and partners-10%;
Opinion on the Swiss Alps project
This company provides quite an interesting and promising product. It is very difficult now to get and place high-quality equipment for your own mining. Personally, I liked the interesting combination of modern technologies. The developers of the project very clearly put in front of the goal, and gradually moves towards it.
I personally will try to use these features of the platform, it will be interesting what happens. I will closely monitor this project.
The concept of eco-friendly smart mining presented by the Swiss Alps Energy team is unique in its kind and can significantly affect the cryptocurrency mining industry. For sure, there are many people who want to rent computing power of the equipment, the cost of which will be twice less than in the case of conventional mining equipment. Accordingly, the project has good technical and commercial potential for investors.
Swiss Alps is a unique opportunity to combine the climatic conditions of the Swiss Alps, a large number of abandoned buildings in the area and innovative mining technologies to achieve high efficiency of the calculation equipment. The only obstacle to the implementation of the project is the lack of funds to create a large number of "cubes". It will be eliminated by ICO.
Today, the Swiss Alps are a unique place that constantly attracts tourists, but no one notices that there are a lot of buildings that are destroyed due to non-use. Swiss law does not allow the use of these facilities as a living space. The developers of the Swiss Alps want to use the building for ecologically safe mining, with the use of renewable energy resources. The ICO is aimed at obtaining funds for the purchase of fairly expensive equipment, as well as the lease of land, which is the basis for an innovative hydroelectric power plant. For those who choose a project for investment, pay attention to Swiss Alps, a very worthy candidate: a great and necessary idea, a professional team, well-known advisors, just excellent ratings on all independent sites. Participate in Swiss Alps or stay away – it's up to you. But the project is really unusual and attractive for investors!
An interesting project that definitely deserves attention. In early 2018, the team released the first cubes, and they began their work. This is only the beginning, the development is planned by the team until 2019. The project definitely has a future, as the idea is relevant, and most importantly, everything is really feasible. It is obvious that the details of the project are thought out and worked out to the last detail. I would like to wish the team more investors and achieve their goals in the scheduled time.
Website — https://swissalpsmining.io/
Witepaper — https://swissalpsmining.io/pdf/whitepaper.pdf
Facebook — https://www.facebook.com/swissalpsmining/
Twittter — https://twitter.com/swissalpsmining
Instagram — https://www.instagram.com/swissalpsmining/
Vimeo — https://vimeo.com/user84336007
Telegram — https://t.me/swissalpsminingICO
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