Swiss Alps Energy AG launches ICO

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Swiss Alps Mining & Energy is turning the vision of an environmentally friendly and decentralised mining industry into a reality – the first initiative of its kind in the world. On 8 May 2018, the company introduced the project and launched the ICO (Initial Coin Offering) to raise additional funds.

Developing business models based on blockchain technology is extremely energy-intensive and is criticised by government authorities and environmental organisations around the world. At the same time, more and more buildings in the Swiss Alps are becoming derelict. Swiss Alps Energy AG (SAE) combines these two worlds and provides environmentally-friendly mining facilities in huts and farm buildings in the Swiss Alps that are no longer used.

At a media event held in the garage of the Baur au Lac in Zurich on 8 May 2018, Swiss Alps Energy AG introduced the project and explained how the SAM Cubes work. The SAE team explained the differences and the successes as well as how exactly the ICO, which begins on 15 June 2018, will work. The SAM Cube on show at the event proved to be a particular eye-catcher, which at 4x2x2 m is about the size of a minivan and has a processing power of 6300 MH/s (ethereum) and over 700 TH/s (bitcoin).

The Swiss Alps Energy AG’s proprietary, modular cube system makes it possible to directly install premade mining components in the Alpine huts without having to modify the buildings. The average temperature in the Swiss mountains of less than 15°C means that the SAM cubes don’t require any air conditioning. The sophisticated ventilation concept exploits the natural conditions to perfection and leads to a reduction in energy consumption of up to 30% compared with mining at lower altitudes. The cubes are exclusively operated using renewable energy (water power). Thanks to the state-of-the-art automation methods, they don’t require much maintenance and are managed via a central platform which optimises mining.

Swiss Alps Energy AG rents entire cubes or individual computing capacity within cubes, and at the same time guarantees extremely energy-efficient and cost-effective mining. The diffuse geographical spread of the SAM Cubes means that Swiss Alps Mining & Energy is in a position to provide hosting for decentral blockchain networks. About Swiss Alps Mining & Energy AG:

Swiss Alps Energy AG (SAE) is the operating company of Swiss Alps Mining & Energy. The team is made up of experienced specialists in the areas of blockchain technology, mining of cryptocurrencies and the development of Hyperledger applications, as well as building engineers and energy experts. The team has successfully developed and implemented several business models based on blockchain technology. Swiss Alps Energy AG is currently going through the admissions process in a Swiss self-regulatory organisation (SRO).

 

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