Jul 2, 2018
The high energy consumption for cryptocurrency mining is the main problem in this sector. The miners suppose an enormous energetic cost for its functioning due to the enormous mathematical calculations that the processors have to do. It should be noted that the life of cryptocurrencies is strictly linked to electricity.
Mining cryptocurrencies consume around 1.3 KWh of electricity, in addition to the large electricity consumption, we find that in some countries, rich in coal and oil, energy becomes cheaper by burning polluting fuels and causing more pollution and in turn a greater demand causing CO2 emissions to increase.
The proposal is to create a solar photovoltaic pool, capable of generating 45,000kW, enough power to supply the mining farm. Respira Energía will buy the energy from this plant to then send it to the farm located in Málaga, thus making the mining sustainable and profitable, without the need for common electricity.
Respira Energía uses only clean energy, a company whose origin of central production is 100% free of CO2.
At Cryptosolartech ICO, we will obtain our own cryptocurrencies, in a farm where we will install 3.000 ASICS to mine cryptocurrencies, in two different variants to optimize profitability, as well as being able to self-supply the farm with our own energy, coming from a solar photovoltaic plant, installed in the province of Seville (Spain), this energy can also be distributed as a service for electric companies.
The public Blockchain of Ethereum will be used for the management, generation of income and start-up of the physical assets that make up this project. The objective of this ICO, is, therefore, to create a mining farm of cryptocurrencies and a photovoltaic plant of solar panels to generate electricity. In order to participate in the project, only digital tokens can be purchased that will go on sale for the registration of operations.
The ICO will issue 1260 million Tokens called Cryptosolartoken. All Tokens that are not sold during the ICO will be burned. No more tokens will be issued in the future.
Cryptosolartech has already signed a 15-year power purchase contract with the company responsible for supplying interested consumers.
Cryptosolartech, is a digital asset whose holding will indicate ownership of a fraction, of a cryptocurrency mining farm and a photovoltaic solar energy plant. Initially the location of the photovoltaic plant will be in the province of Seville (Spain), and the mining farm will be in Malaga (Spain) in an industrial warehouse already enabled for this activity.
Cryptosolartech is a ERC-20 type token that will work on the Blockchain of Ethereum.
The CST Token is classified as a Utility token, so all owners will have rights of use over the assets acquired, and may request their exploitation and use at the time they require it.
For this ICO a set of 1260 million tokens Cryptosolartech will be issued. All tokens that are not sold during the ICO will be burned. No more tokens will be issued in the future. The initial value of 1 CST is equal to 0.10 Euros.
Attention. There is a risk that unverified members are not actually members of the team
$70 449 953
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