What is Swiss Alps Mining Project?

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What is Swiss Alps Mining Project?

Swiss Alps Energy AG is the company behind this ICO, and they are the first company to use mining stones that are supported by renewable energy, as well as the waste heat from the mining equipment. This will cut electricity costs down to half of that other mining companies use. One of the aims of the company is to make mining more profitable, save energy, protect the environment, and help maintain the cultural heritage of Switzerland. The funds collected from this ICO will be spent on developing the mining facilities.

The project will operate on the territory of the Swiss Alps, where there are hundreds of uninhabited, abandoned mountain houses, where cube will be located. Interestingly, the settlement of these houses is prohibited under the legislation of Switzerland, which opened the possibility of localization of mining equipment on a virtually free basis.

Swiss Alps Mining & Energy:

The blockchain community worldwide faces strong headwinds due to the very energy-intensive mining process of crypto currencies 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 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.

Swiss Alps Energy AG will hold an Initial Coin Offering (ICO) in early 2018. The funds raised in the ICO will be used to finance the development and expansion of the mining facilities and to acquire holdings in hydropower plants. The SAM token, Sam, is an ERC20 token. It can be used as means of payment within the SAE mining and service universe and will be tradable outside the SAM platform on all relevant exchanges.

Swiss Alps Energy AG (SAE) – the company:

Swiss Alps Energy AG (SAE) is Swiss Alps Mining & Energy’s operating business. Members of the team come from fields such as blockchain technology, crypto currency mining and hyperledger applications developers and specialists, as well as civil engineers, infrastructure engineers, and energy experts. The team has successfully developed and launched several products, solutions and applications based on the blockchain technology. The company is currently going through the application phase in order to become a member of a Swiss self-regulatory organization (SRO).

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.

How Does Swiss Alps Mining Work?

Swiss Alps Energy AG is all about cutting costs, and so the distribution-based ledger energy supplier and an operator utilizing a string of unused buildings in the Swiss Alps. This is a win-win situation for the company and the government. The company gets a base of operations where they can work uninterrupted, and in return, they help maintain the buildings.

Mining Cube (SAM Cube)

The key component of the system is the modular cube for mining, which provides the highest level of automation and efficiency (a special algorithm constantly selects the most profitable for the mining currency), as well as almost complete autonomy: the technique requires minimal maintenance; all current tasks can be performed remotely from the central control system.

The location of farms in mountain conditions with an average annual temperature of 12–15 degrees contributes to a significant reduction in the cost of cooling systems.

Cube features:

Possibility to install ASIC and GPU-miners;
Application of Intelligent Mining system;
The application of Organic Rankine Cycle (or simply — ORC, is an interesting technology needed to increase the efficiency of energy consumption. thanks to it, developed during mining heat transformed into energy and again «does» of cube);
2 sizes: 4x2x2 m and 8x2x2 m (pictured below).

Team:

Swiss Alps Mining & Energy strives to enable environmentally friendly mining of crypto currencies in the Swiss alps. Swiss Alps Energy AG (SAE) is Swiss Alps Mining & Energy’s operating business. SAE is a Swiss startup company in the area of crypto mining and energy, located in Huenenberg, Canton of Zug.

Advisors:

Roadmap:

After the initial development of SAE’s infrastructure and business activities in Switzerland, the expansion into foreign countries, especially in the area of renewable energies, is conceivable and desirable. The ability to pay by using crypto currencies and the settlement process via smart contracts is another novelty that can further help SAE to become the industry leader in the field of blockchain-based business models.