Cryptocurrency Mining is fundamental for the cryptoverse; however, miners will only benefit from it if its associated costs are lower than the profits pocketed. Swiss Alps Energy AG (SAE), a distributed ledger-based energy supplier and provider of mining facilities, has recently announced its aim towards offering environmental-friendly mining services that can increase mining profits by 200% given that the cryptocurrency market continues to grow.
SAE’s purpose is to provide miners with access to unused buildings found at the Swiss alps, in order to perform their given tasks without largely influencing our natural resources. Their services allegedly promote renewable energy, which means lowered energy consumption. To make this a practical reality, SAE plans to execute its goals via its SAM Cube, the Organic Rankine Cycle System (ORC), SAE Blockchain and SAM token.
Why Choose SAM Cubes?
SAM Cubes, which are located at increased heights, are essential in energy recovery. The SAE team believes that its ability to function automatically, with very little to no maintenance required, maximizes miners output, without having to worry about diagnosing problems that may arise.
In terms of its overall design, the SAM Cubes are supposedly modular and consist of an aluminum case and a ventilation system. There are two models in place, each of different sizes, however, both are said to be easily integrated or assembled. Since the yearly temperature sits under 15 degrees Celsius, the Cubes will not require air condition systems, but rather uses what nature has to offer by tailoring it to one’s needs via its ventilation system. Ultimately, reducing costs tied to cooling mining accessibility.
What Is The Difference Between Renting And Buying SAM Cubes?
For a total capacity of 14 TH/s, SAE has placed a fixed rate of $4000 for two years, with 10 percent of mining revenues. A 14 TH/s houses SAM Unit 2 (100 Asic miners), whereas 700 TH/s houses SAM Unit 1 (50 Asic miners).
As for owning SAM Cube, SAE is all for it, whether it be for companies or individuals. Those wishing to purchase it can get power supply from SAE, and operations can be done in SAE’s location or elsewhere, depending on one’s preferences. At the moment, SAM Unit 1 goes for approximately CHF 240 000 (about USD$243,746), while SAM Unit 2, CHF 400 000 (about USD$406,244).
How Will The SAM ORC Project Contribute Towards Energy Efficiency?
A project that is currently under development, the SAM ORC system claims to generate electricity through wasted heat of industrial processes – hence reusing to recover. An advantage in using this system relies on the fact that the temperature in increased heights in the Swiss Alps is much lower, which may contribute towards a 50% reduction in energy consumption compared to its competitors.
What Is The SAM Token?
The SAM Token is an ERC20-based token that will be used as the sole means of payment for SAE mining and will eventually be listed on other exchanges. SAM Tokens can be used to purchase all the services SAE claims to offer, including the necessary power and cubes. For the moment, its Initial Coin Offering (ICO) is set to commence sometime in June 2018.
Ultimately, based on SAE’s cost of power, which might be about $55,000, they project that the return on investments can be as high as 200% given that confidence within the cryptocurrency blockchain worlds remain intact. This is definitely an interesting project to consider, solely based on the fact that crypto mining can eventually hamper electricity, if the necessary action is not taken.