Cryptosolartech - Blockchain and Energy For A Better World
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, CryptoSolarTech, a worldwide pioneering project whose objective is the design, construction, and operation of multiple solar farms, designed for cryptocurrency mining, for all customer profiles has arrived.
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During the Cryptosolartech ICO, we will obtain our own cryptocurrencies, in a farm where we will install 3.000 equipments to mine cryptocurrencies, in two different variants to optimize profitability, as well as being able to self-supply the farm with our own energy, coming from a solar photovoltaic plant, installed in the province of Seville (Spain), this energy can also be distributed as a service for electric companies.
Photovoltaic solar installations to pool
The basic reason for why the investment in solar energy can be profitable is given due to the drastic decrease of the materials for its construction, as well as the improvement of the electrical equipment performance, added to the constant expenses increase in power generation.
The objective of this study is to obtain financing for the 45.000 kW photovoltaic electricity generation plant.
What is cryptocurrency mining?
In the world of cryptocurrencies, money is extracted, a known process as mining. The miners obtain the cryptocurrencies from time to time as a reward for solving a mathematical problem.
When is a block created?
When a block of transactions is created, the miners give way to the next phase: They have to take the information from the block, and they apply a mathematical formula, which makes it something different, and smaller. Each time one of these miners manages to solve the formula and creates a successful hash, it is rewarded with the cryptocurrency that is extra-minating the transactions previously verified.
What is this mathematical problem?
Cryptocurrency users constantly send money from one place to another of the planet, so it is necessary to create a record to verify the payments. The nodes of the cryptocurrencies register these movements in the Blockchain; the work of the miners, is to confirm the transactions and register them in the Blockchain, so that, in each operation, they receive a small commission for carrying out this task
The most important thing that you should not forget, is that cryptocurrencies are not created or destroyed, but they are EXTRACTED.
The high energy consumption for cryptocurrency mining is the main problem in this sector. The miners suppose an enormous energetic cost for its functioning due to the enormous mathematical calculations that the processors have to do. It should be noted that the life of cryptocurrencies is strictly linked to electricity.
Mining cryptocurrencies consume around 1.3 KWh of electricity, in addition to the large electricity consumption, we find that in some countries, rich in coal and oil, energy becomes cheaper by burning polluting fuels and causing more pollution and in turn a greater demand causing CO2 emissions to increase.
Cryptosolartech will solve the problem of crypto mining cost by using the greenfield solar facilities of their projects, to provide energy to sustain and run the miner plants at an efficient cost of electricity in the long-term period operation.As we known, the electricity cost represents the major cost of the miner plants and with the synergy of the efficient cost of electricity of the solar plants, token holders could have access to profit cryptocurrencies miner by paying a rent to access the facilities at a very competitive price of electricity to do so.
This approach to business allow token holders to mine at less cost than the market pay for to do so currently. CryptoSolarTech has a competitive advantage that permits to be the first mover in the mining market and maintain it to the middle and long term crypto market competition.
The proposal is to create a solar photovoltaic pool, capable of generating 45,000kW, enough power to supply the mining farm. Respira Energía will buy the energy from this plant to then send it to the farm located in Málaga, thus making the mining sustainable and profitable, without the need for common electricity.
Respira Energía uses only clean energy, a company whose origin of central production is 100% free of CO2.
HOW CRYPTOSOLARTECH OPERATES?
Cryptosolartech Token (CST)
Cryptosolartech, is a digital asset whose holding will indicate ownership of a fraction, of a cryptocurrency mining farm and a photovoltaic solar energy plant. Initially the location of the photovoltaic plant will be in the province of Seville (Spain), and the mining farm will be in Malaga (Spain) in an industrial warehouse already enabled for this activity.
Cryptosolartech is a ERC-20 type token that will work on the Blockchain of Ethereum.
The CST Token is classified as a Utility token, so all owners will have rights of use over the assets acquired, and may request their exploitation and use at the time they require it.
For this ICO a set of 1260 million tokens Cryptosolartech will be issued. All tokens that are not sold during the ICO will be burned. No more tokens will be issued in the future. The initial value of 1 CST is equal to 0.10 Euros.
April 16th, 2018 (12:00 PM GMT +1)
Number of Total Tokens
July 14th, 2018 (12:00PM GMT +1)
Number of Tokens for Sale
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
TWITTER : https://twitter.com/cryptosolartech
MEDIUM : https://twitter.com/cryptosolartech
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
ETHEREUM Address: 0x76CC93E01A6D810a1C11bBC1054C37CB395F14C8
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.