Swiss Alps Alternative energy for blockchain and crypto mining
Swiss Alps energy is the first company worldwide to provide solutions for environmentally friendly crypto mining that reduce power consumption by up to 50%. The startup capitalizes on over 1,400 hydropower plants and unused buildings in the Swiss Alps.
Energy consumption is one of the main challenges worldwide that companies and individuals in the industry are facing due to the very energy-intensive mining process of cryptocurrencies and blockchain-based business applications. There are over 1,400 hydropower plants and several unused buildings in the Swiss Alps that could be utilized for mining, yet, alternative sources are still undervalued.
Swiss Alps Energy (SAE) is pursuing this opportunity to develop the first sustainable solutions for crypto miners. The startup has established itself as a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures.
The company is developing pre-fabricated cubes (SAM cubes), which are installed in unused buildings in the Swiss Alps and powered with renewable energy. Due to the low temperatures in the Swiss Alps, SAM Cubes need no air conditioning systems and use up to 50% less energy than similar installations at lower altitudes. The cubes ae automatic and require little maintenance. In addition to highly efficient ventilation units, an Organic Rankine Cycle (ORC) system is in the project phase. ORC systems use the waste heat of industrial processes to generate electricity and thus use the waste heat generated by the mining process to recover energy.
SAE is able to offer highly efficient and environmentally friendly mining facilities. For extensive maintenance and monitoring, each cube communicates with the central management platform that monitors the cubes and assigns to each cube the optimal parameter to maximize mining for maximum profit.
ETH and Bitcoin mining with SAM Cubes
The company is already operational with its SAM Cubes. For instance, the cubes have been equipped with mining rigs for the mining of ETH and bitcoin. Additionally, the decentralized cubes allow for hosting of blockchains for third parties. A World ID procedure is being developed on the SAM blockchain, which enables simple and worldwide KYC processing.
“In the near future, SAM Cubes will enable the mining of practically all crypto currencies, and clients themselves can select the coins they would like to mine”, says Chantal Keller, the correspodent for Swiss Alps Energy.
Swiss Alps Energy AG has already completed its pre-ICO reach its soft cap of USD 5 Mio. The startup is now in raising more funds in the ICO. The target goal is USD 100 million. The funds will be used to finance the development and expansion of the mining facilities and to acquire holdings in hydropower plants.
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