One of the biggest problems that blockchain industry is facing is high energy consumption needed for cryptocurrency mining. At this moment annualized estimated global mining cost just for Bitcoin is over $3 billion and rising. Regarding electricity consumption, we could compare Bitcoin world mining operations with countries like the Chezch Republic, with more than 10 million people.
Even some cryptocurrencies are using other systems, like Proof-Of-Stake to avoid mining, the biggest ones (Bitcoin and Ethereum) are relying on Proof-Of-Work to secure their networks and transactions. Despite all disadvantages, Proof-Of-Work is still the best method for any cryptocurrency, and it is expected to stay as dominant in the near future. The additional problem with high energy consumption for mining operations is that most of the mining is conducted in China, and powered by energy sources that are not green or renewable. There are already few projects aiming to change this situation and take a significant part of cryptocurrency mining industry with improved mining methods. The most promising of those projects is currently in Pre - ICO stage, and this article is a chance to get basic information about it and think about investing in their ICO.
What is Swiss Alps Mining?
Swiss Alps Mining & Energy is the blockchain community worldwide faces strong headwinds due to the very energy-intensive mining process of cryptocurrencies and blockchain-based business applications. At the same time, in the Swiss alps, thousands of unused structures are disintegrating due to the fact that today’s spatial planning law does not allow for the residential use of these buildings. Swiss Alps Mining & Energy connects these two worlds by offering environmentally friendly mining facilities in unused buildings in the Swiss Alps, powered by renewable energy only.
The platform will provide a Sam wallet that is fully compatible with existing token exchanges and that allows for easy withdrawal and purchase of tokens. Holders of Sam tokens can also use any wallet that supports Ethereum ERC20 contracts, which offers flexibility for token holders to use whichever service they prefer. The wallet also offers the purchase of Sam coins with cryptocurrencies such as BTC and ETH. Users can interact with the platform via the web, desktop, and mobile devices. They can invest their Sam coins on the SAE platform to rent mining power and mine cryptocurrencies such as BTC, ETH, DASH, etc. The platform also provides detailed analytics of their investments and rewards. These analytics allow the user to monitor how their money is being utilized. 32 The platform also provides detailed analytics of their investments and rewards. These analytics allow the user to monitor how their money is being utilized.
Swiss Alps Mining & Energy is using Ethereum, currently the most widely accepted platform. Ethereum offers all the benefits of a blockchain (full traceability, non-reputability, etc.) as well as multiple source language implementations that encourage integration. Ethereum will handle only the parts requiring consensus, transparency and accountability. Other services will continue to be provided using exist- ing technology and development provided by Swiss Alps Mining & Energy.
Token NAME: SAM
PreICO Price 1 SAM = 0.30 USD
Price 1 SAM = 0.50 USD
Accepting ETH,BTC, Fiat
Soft cap: 5,000,000 USD
Hard cap: 100,000,000 USD
Swiss Alps Energy AG is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are intended for longterm stationary use. Thereby, SAE preserves the aforementioned unused buildings in the Swiss Alps and uses them sensibly and without interference with either building structure or the environment. The business logic of the token fund is controlled by two smart contracts on the Ethereum blockchain: one is a token that stores the balance of users in the wallet, the other is responsible for the reward of the mining rigs. The Ethereum daemon is hosted on any miner machine or in AWS servers and is using the web3 wrapper, which interacts with the outside world.
For detail information you can visit Swiss Alps Mining's official site and read their Whitepaper. The links can be found below.
ETH : 0x6c5B872Eae443Be3E1EA3EB14Eced751Bcd5E7b7