Swiss Alps Mining & Energy AG ICO
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 provides decentralized blockchain infrastructure and mining facilities by means of a sophisticated modular cube system. The pre-fabricated cubes contain the mining components and are installed on-site in unused buildings in the Swiss alps. They allow for ecologically sound and highly efficient mining.With the help of an Organic Rankine Cycle (ORC) system, energy consumption will decrease by up to 50% in comparison to similar installations. The ORC system uses the waste heat that is generated by the mining process in order to recover energy. SAM Cubes are located at high altitude, which facilitates the process of energy recovery, as altitude lowers the boiling point of water. No additional air conditioning systems are needed. Swiss Alps Energy AG is the first company worldwide to use an ORC system to recover energy from waste heat from mining facilities. SAE therefore offers an effective solution to a global mining problem. SAE customers have the option to join SAM Smart Mining, also referred to as samaiX©. SamaiX is SAE’s proprietary artificial intelligence and a Decision Support System that helps miners to optimize their operations. The decentralized distribution of the various facilities allows SAE to offer equally decentralized hosting of individual company blockchains and enables SAE to rent out these infrastructures.
Swiss Alps Mining & Energy AG has no bounties.