We Since the beginning of the rise of cryptocurrencies we have seen a drastically change in the usage of energy. What I mean is this many countries have seen there yearly usage of watt increase year by year and the question you may ask is that what concerns energy usage with cryptocurrency. There is a lot in connection because as you may know to make transaction successful for a particular cryptocurrency there must be someone or something making the whole network of that currency feasible this are what we call miners. Miners is a person or group of persons that acquire a very strong hardware to connect to the software of a particular cryptocurrency platform.They buy powerful hardware, connect to a network that manages a specific cryptocurrency and run specialized software to perform a lot of computations (which usually requires a lot of electricity). By doing this, they process and validate transactions for the network and maintain its integrity (the more computing power for the network, the more difficult it is to corrupt it for a potential attacker). In return, the crypto network pays miners for their services in its own cryptocurrency,it’s like you getting paid by someone to use your computer power to run their accounting software.
Only crypto networks based on a Proof of Work algorithm require mining.
That is why mining has now become a very lucrative business
The business model of a professional crypto miner looks like this:
The initial investment is spent on hardware.
There’s the running cost of hardware; mainly electricity and maintenance (to make sure the hardware operates 24/7).
Income is paid in cryptocurrency. It needs to cover the running costs, repay the initial cost of hardware and (hopefully) generate a profit.
This is a very common model for infrastructure investment in general, including power plants or hotels. The initial investment in the asset has to be recovered with profit by the revenue generated by the asset. The basic assumptions behind this particular mode are the following:
The price of the cryptocurrency will not decrease (it will increase, or at least stay stable).
It is more profitable to invest in the mining process than to simply buy the cryptocurrency directly. For example: Investing, say $1,000 in mining bitcoins in the beginning of the year will generate more bitcoins over the year, than simply buying $1,000 worth of bitcoin in the first place.
This means the miner, as well as every other asset investor, has to manage the risks involved resulting from the assumptions above. Specifically: they should mitigate the risk of cryptocurrency price drops, make sure they keep electricity and maintenance costs low and their hardware is always powerful enough in the arms race to mine enough new crypto coins.
Cloud mining is a service that professional miners offer to the public. Anyone can rent some of their computing capacity for a specific period of time to mine crypto. The clients pay an agreed fee for the hardware rent and cover the operating costs and can keep whatever coins the hardware was able to generate.
PROBLEM DISCOVERED IN THE MINING OF CRYPTOCURRENCIES.
(1)Centralization of mining operations in different parts of the world
(2)Limited number of people involved in mining due to the type of hardware involved in mining
(3)Miners are usually bound to a particular currency or mining pool
(4)Use of hardware that consumes high amount of energy
(5)High maintenance of hardware.
WHAT IS SCAVO?
Scavo Technology is an innovative blockchain company founded in Argentina specifically in the construction of data center infrastructure for crypto mining using renewable resources. It offers a smart, scalable, environmentally friendly solution with the ability to maximize energy resources with zero carbon footprint, natural and independent.
WHY SCAVO?
Competitive advantage
The SCAVO approach produces a modular solution, which makes it easily measurable. It produces electricity by using renewable energy sources, becoming independent and environmentally friendly.
All of this leads to project profitability, guarantees periodic payments to investors in a way that is fully transparent and automatic through smart contracts.
BENEFIT
SCALABLE
SELF-SUSTAINING
SAFE PAYMENT
WEEKLY PAYMENT
ENVIRONMENTALLY FRIENDLY
How do investments work
Our project aims to build and manage independent large-scale crypto-mining farms.
Funds obtained during the ICO will be allocated primarily for the construction of their livestock and power plants to fully supply their energy consumption.
Once energy independence is achieved, the income generated by mining will cover all maintenance costs and regularly generate additional income.
Create an account
Register on our platform by filling out the form and getting your access credentials to invest in the project.
Automatic payment
Guaranteed full automatic payment in Ether (ETH) every week! You can choose other payment options by changing your preferences on our platform.
Buy SCAVO tokens
Choose the number of tokens to buy and your preferred payment method. We accept credit card payments, bank transfers and various types of cryptocurrency.
TOKENS METRICS
Price & value
START DATE: 2018-07-15 00:00:00
END OF DATE: 2018-10-31 23:59:59
MARKET CAP: 100,000,000
TICKER: SCAVO
TOKENS AVAILABLE: 80,000,000
PAYMENT METHODS ACCEPTED: BTC, BCH, ETC, ETH, LTC, XMR, DASH, DCR, ZEC, XUN, BANK TRANSFER, CREDIT CARD
For more information visit
https://scavo.farm/index.php?userLanguage=en-US
https://scavo.farm/index.php?userLanguage=en-US#ICODetails
Announcement Channel: https://t.me/SCAVOTechnologies
Spanish group: https://t.me/SCAVOTech_Spanish
Inglés group: https://t.me/SCAVOTech_English