Since the advent of blockchain technology, the porosity of the internet has reduced drastically and this is enjoyed by blockchain supported platforms. Blockchain technology as we know is an ingenious invention. It has evolved into something greater, allowing digital information to be distributed but not copied. Blockchain technology created the backbone of a new type of internet.
Blockchain technology systematically changed the approach to conventional fiat currencies as it allows the mining and use of available and secured digital currencies. Originally devised for digital currencies such as Bitcoin , etherium etc, the tech community is now adapting its usage in lots of other sectors.
The introduction of bitcoin changed the entire landscape and perspective of trading and it
became the crystal standard for crypto currencies. Despite its ingenuity, acceptance of crypto currencies among the general public around the world is still proving difficult like sailing against high water current, this is partly so, as some providers or platforms are linked with reputational issues.
The overall paradigm shift from conventional fiat currencies to digital currencies is progressing slowly, and the optimization of the potentials of this unique technology is being stunted.
Blockchain is far more than just part of crypto currencies. The blockchain technology makes easy a wide range of businesses and transaction processes, it enables transparency and safety, and makes centralized middleman parties unnecessary and thereby reduces costs.
This change is feasible and is experienced both in industry and everyday life. However, blockchain technology requires an articulated framework and regulatory guidelines in order to function safely and as proposed.
In addition, blockchain technology-integrated business models greatly depend on energy supply. The price and availability of electricity are important factors for mining processes. This fact has given birth to the scouting for and procuring of mining facilities from countries with low environmental standards, where relatively cheap fossil energy sources are more rampantly used to produce the necessary level of electricity.
One can tell that the quantity of energy required for continuity of mining operations of digital currencies has to be adequate and readily available.
Reports show that the current quantity of energy used worldwide for bitcoin mining alone is equivalent to the electricity consumption of Ireland. This consumption value is only for the mining operations let alone other aspects that leads down to the use of the bitcoin.
To add to, researchers postulate that carrying out mining operations in authoritarian countries inhibits the idea of enabling a distributed ledger system and it indirectly increases the risk of market manipulation. Hence, to address these issues, a end to end strategy is needs to be formulated as well as adopted. Such a strategy must coherently meet the following criteria:
• Such a strategy must support the use of climate-friendly energy source and kind for mining processes.
• Such a strategy must enable independent stabilization of the distributed ledger network.
• Such a strategy must support an exponential increase in the usability of crypto currencies
and the underlying technology by the wider public.
This urgent need has stimulated the operators of the Swiss Alps Mining & Energy to provide a solution to this encamping problems. Swiss Alps Energy AG are providers of decentralized blockchain infrastructures and mining facilities, this is possible by their adoption 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 environmentally sound and highly efficient mining activities. The use of an Organic Rankine Cycle (ORC) system is adopted by the Swiss Alps Energy AG , which allows energy consumption to 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. Swiss Alps Mining & Energy strives to enable environmentally friendly mining of crypto currencies in the Swiss alps and it’s a sure banker for bitcoin mining optimization processes.
The Executive Team:
WEBSITE :-
https://swissalpsmining.io/
WHITEPAPER:-
https://swissalpsmining.io/pdf/whitepaper.pdf
TWITTER:-
https://twitter.com/swissalpsmining
TELEGRAM:-
http://t.me/swissalpsminingICO
Writers information
Writer’s name :- chike4545
Bitcointalk profile link :-
https://bitcointalk.org/index.php?action=profile;u=2218670;sa=summary
This is a well detailed information on the Swiss Alps Energy project..great piece
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