Cryptocurrency with its remarkable blockchain technology is on the rapid growth. Many individuals have made an incredible financial turning point with the advent of cryptocurrency. We often make an emphasis on the pioneer coin, the bitcoin (BTC); and some other old digital currencies such as the ethereum (ETH) when it comes to dealings in cryptocurrency. Nevertheless, these technology has brought forth several coins that are trading incredibly on both centralized and decentralized exchange platforms.
There are many ways through which one can earn cryptocurrencies into a digital wallet; it could be either exchanging fiat for them or by means of mining these coins. A familial and the commonest example to make has to do with bitcoin mining. The mining process involves transactions verification and the addition of a block to the public ledger, known as the blockchain.
The ultimate result is the release of the coin of interest that is being mined. Anyone with access to the internet and suitable hardware can participate in mining. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.
The participant to first solves the puzzle gets to place the next block on the blockchain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released coin.
The most important determinant and co-factor in cryptocurrency mining is the availability of a constant power supply. The mining activity consumes huge electrical energy and so, individual miners have to spend a huge amount of money on buying or paying for the energy used to power their activities. This is a very serious challenge to crypto mining companies, especially, when there are recurrent fluctuations in the prices of energy.
With this current situation, crypto mining activities have centralized on big mining corporations that can afford the cost of power generated from fossil fuels. Nevertheless, where ever a problem surface, it turns to be an incredible and realistic opportunity for other. Problems create new opportunities. All hopes are not lost yet. SCAVO technologies will be solving this issue by creating a self-sustaining cryptocurrency mining farm that does not depend on fossil fuel but rather, uses solar energy and other renewable energy source. You can also start crypto mining with Scavo technologies.
What is Scavo technologies’ and what do we do?
Scavo is an Argentine based visionary project for the crypto mining corporation. It holds one of the finest ideas to help move blockchain technology forward through the construction of a constant supply of energy for cryptocurrency mining activities and also, focus on the decentralization or democratization of crypto minings. The goal of this project, according to experts of this impeccable project, is to build a self-sustaining and scalable mining farm that persons from other countries aside Argentina to use renewable energy sources in mining coins. I am really a fan of this idea.
As stated earlier, one of the energy sources for energy production will be from the solar system which clearly suggests the low cost of energy involved for a reliable energy. A team of credible researchers have really carried out the home works on researches into crypto mining and energy and so, they really trust their sources that this idea will go a long way to help the crypto mining community.
Scavo Technologies constructional framework
Just like any other project, Scavo technologies have structured their mining farms into three basic section that works independently for the overall productivity of coin mining. Scavo project will institute an autonomous mining unit which is ready to mine unit incorporated with all the required hardware. Per the principle of physics, an electrical gadget that produces heat requires a high amount of energy consumption.
As part of reducing huge energy consumption, Scavo tech. has instituted both an active and passive cooling system called the refrigeration to prevent excessive heat product when the autonomous mining unit is in operation. It also has a ready to receive a power supply, has an information control centre for data management, and has video recording capabilities. These are all necessities to make it easier to start mining for coins in a new location.
The next unit is the energy generation unit which will power the autonomous mining unit with a constant energy supply for solar panels and other renewable energy supplies such as water and wind. This unit is developed with energy storage devices to help store excess energy for future use. According to experts of Scavo technologies, the energy generation unit is highly scalable and does allow the expansion of the farm without disruption of the energy supply.
The third important unit is the unified data management centre. This unit will be responsible for data collection on the operational status of the different mining farms. In effect, it will see to it that data is collected automatically from the mining farms and managed appropriately. The outcome of this unit if to allow the company to make appropriate decisions concerning the mining farms.
Scavo token economics
Scavo Technologies is currently holding an initial coin offering for fundraising. The token is an ERC-20 compatible token and so all you need to be a token holder is to get yourself an Ethereum wallet. Several benefits are associated with being a token holder. According to Scavo technologies, you can receive 100% profit in two divided parts. Eighty percent of mining profits will be distributed to token holders immediately and the remaining twenty percent will be used for reinvestment into the operation including the purchase and maintenance of equipment. Scavo Technologies will also provide services to third parties.
Thirty percent of profit from this will be distributed to token holders as well. Scavo technologies strive on democratization and so, decision making is important to Scavo Technologies. Being a holder of the SCAVO token will give you the mandate to vote on decisions with the use of smart contracts. The token sale started on July 15th and will run until October 31st of this year. The maximum amount of tokens to be supplied for this project is 200,000,000. Only 88% of the tokens will be offered for sale, with eight percent set aside for a reserve fund, two percent for rewards programs, and two percent for the team and founders. Token sales will be conducted in stages and each stage comes with a different price and bonuses.
Scavo Technologies is going to be creating an environmentally friendly and efficient system for cryptocurrency mining that is sustainable for the long-term use. Our project aims at the construction and management of large-scale self-sustaining crypto-mining farms.
The Unified Team of Scavo Technologies
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Bitcointalk username: Sergio444