SAE ICO Offers Eco-Friendly Solution for Cryptocurrency Mining

Cryptocurrency mining has proved an energy-intensive process, with power consumption growing steadily in the past couple of years, according to Digiconomist statistics. Currently, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining requires about 71 TWh per year, which is more than half the annual power usage in the Netherlands. As these data do not take into account altcoins, the real damage to the environment is much higher.

Various environmental groups often criticize cryptocurrency supporters for the energy-intensive nature of mining, forcing the community to search for solutions. As the industry struggles to reduce its carbon footprint, Swiss Alps Energy (SAE) has come up with the idea to utilize thousands of idle buildings in the Swiss Alps to fix the energy-related problems of the mining community.

Due to the high altitudes, the boiling point of water is much lower in the Alps, which allows conserving energy and saving up to 50% on electricity costs.

SAE has created innovative modular mining structures with eco-friendly characteristics. They can be installed in abandoned buildings scattered high in the Swiss Alps. The systems are easily assembled on-site from prefabricated dust-protected modules, which allows deploying advanced mining facilities with cutting-edge automation and flexibility.

Due to the low external temperatures, the mining equipment cools naturally, while SAE’s ground-breaking Organic Rankine Cycle (ORC) technology can recycle the heat generated during the mining process to produce energy.

SAE harnessing artificial intelligence

SAE's mining structures (Swiss Alps Mining cubes, or SAM) are available for purchase or rent with a projected investment return of over 360% in three years of operation. Besides the mining systems, the company offers the SAM Smart Mining service, or SamaiX©.

Based on artificial intelligence technologies, the solution is used to identify the most profitable coins by tracking the mining results of users connected to the system. SamaiX© supplies them with recommendations and helps them make informed decisions, but it is not entirely autonomous - it is up to the miner to decide whether to discard the proposal or accept it.

Switzerland is experienced in water power engineering. Hydropower is a cost-effective and reliable source of renewable energy that can be successfully used for cryptocurrency mining purposes. SAE aims to create a decentralized power supply system for its mining facilities by purchasing small hydropower plants.

A high level of automation is possible due to the combination of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term infrastructure and smart contracts IoT devices, thus allowing a significant reduction in maintenance and administrative costs. The system will track the amount of energy consumed and calculate the amounts due based on input data obtained from intelligent power meters.

SAE ICO details

The team has successfully passed the pre-sale stage and moved on to its public ICO, which is live at the moment. The total supply of SAM tokens is 311 million, with 68% of them available for sale. Investors can purchase tokens with BTC and ETH at the exchange rate of 1 SAM = $0.80.

If you need additional information about this ICO, visit the official website or subscribe to updates on Twitter and Telegram.

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