High energy consumption for cryptocurrency mining is a major problem in this sector. Miners assume a huge energy cost for its operation because of the huge mathematical calculations that processors should make. It should be noted that the mining process is strictly related to electricity.
The relevance of solar energy is constantly growing, because solar energy is environmentally friendly. The second reason for the urgency of using solar energy is its resource intensity.
In just 9 minutes, the Earth receives more energy from the Sun than mankind produces for the whole year. This energy is delivered free of charge and does not affect the environment directly in your apartment.
Cryptocurrencies are directly related to electricity and mining. At the moment, a huge amount of electricity is being spent, and in the future this number will increase several times. The developers of Cryptosolartech are investing in solar energy and are currently conducting an initial offering of coins to solve problems with a very laborious and expensive process of cryptocurrency mining.
A solar photovoltaic pool will be created, capable of generating 45,000 kW, which can be used to power a huge mining farm. The company conducts ICO to create its own cryptocurrency tokens and receive funds to be used to install 3.000 units of equipment to be used for the cryptocurrency. The installation will be performed in Seville, Spain.
Tokens will be created using Ethereum technology, these tokens can be used for storage. Owning them, you can make profit with the company when it sells the energy that it will produce and sell on the market.
An enterprise can be considered profitable precisely because its production cost is not as high as the use of standard electric energy. Operations should begin in April 2019.
Respira Energía will buy energy from this plant, and then send it to a farm located in Malaga, thereby making the extraction sustainable and profitable. This company uses only pure energy, and its production is 100% free of carbon dioxide (CO2).
The main reason why investments in solar energy can be profitable is explained by a sharp decrease in materials for its construction, as well as by improving the characteristics of electrical equipment, which is added to the constant increase in the cost of electricity generation.
The company created 1260 million CST tokens, which will be sold to the ICO. After that, all other tokens will be burned. The initial value of CST tokens will be 1 CST token equal to $ 0.10 EUR. 80% of the funds will be used for the construction of the platform, and 20% for operating and operating expenses.
Symbol token: CST
The sales start: April 16, 2018
End of sale: July 14, 2018.
Number of tokens: 1260 million
Standard token: ERC20
Soft Cap: 983.733 EUR
Hard Cap: 71.400.000 EUR