Envion believes that instead of centralized mining units, the crypto community should be involved in mining activities without having to invest in expensive mining hardware. According to them its imperative that the community has the power to take key decisions related to mining.
Mining Infrastructure Chasing Low-cost Energy
Cryptocurrencies and Blockchain tech are experiencing exponential growth. The total market capitalization of all cryptocurrencies including Bitcoin as of today stands at USD $250 billion. Compare this to the total market capitalization of all crypto currencies on 1st January 2017 was, USD $18 billion. This should give you an idea of the exponential growth the entire crypto sphere is experiencing.
With such rapid growth in the sector, it is important to evaluate the crypto mining industry’s high dependence on energy supply. The two most important factors of electric power for the mining industry are its price and availability.
In general, high levels of energy consumption is not just limited to cryptocurrencies, rather, the entire Information technology ecosystem is one of the largest consumers of electricity worldwide.
Since the price of electricity directly affects the bottom line of the mining business, the mining operations over the last few years have become centralized for obvious reasons. The continued pursuit of cheap energy has led the mining operations being concentrated in countries with low socio-economic and environmental standards. This concentrated mining infrastructure while consuming low cost, “dirty” energy, is drastically contributing to climate change. If you have been following Bitcoin in the last few months, you must have also witnessed the adverse affects of mining being concentrated in regions with authoritarian leadership. Uncertainty due to regulatory high handedness creates room for manipulations, which is against the ethos of a true decentralized network.
Game Changer – Envion
Envion, a Swiss based startup operating from Berlin, has set out to truly decentralize the crypto mining space and in the process alleviate the industry from regulatory uncertainties and manipulations. Envion believes that instead of centralized mining units, the crypto community should be involved in mining activities without having to invest in expensive mining hardware. According to them its imperative that the community has the power to take key decisions related to mining. These goals have driven them to build state of the art, low maintenance mobile units for cryptocurrency mining, which will offer the community the right to vote for mining locations and for coin choices.
Envion’s 3 Technologies – The Advantage
Mobile Mining Units (MMU): Envion, has developed fully automatized mobile data centres called MMU (Mobile Mining Units). These MMUs’ are optimized for cryptocurrency mining, or even used for alternative data applications. These units are packed inside standardized intermodal shipping containers that are 20 feet long. They are designed to require minimum maintenance, are completely modular and have a scalable design. In order to be successfully installed under varying conditions across the globe, these units manage a variety of electricity sources and are able to adapt to different climate zones.
Unified Mining Cloud (UMC): It manages the automated, decentralized operation of mobile mining units worldwide. It supports the Mobile Mining Units (MMUs) in finding the optimal mining strategy depending on the traded price of the cryptocurrency, mining dificulty, real-time energy price at location, hardware generation and many more factors. Besides data aggregation, control and optimization of MMUs, our UMC is also handling and supervising all service & maintenance operations throughout the envion network.
*Component Overview of Unified Unit Control
Smart Energy Sourcing (SES): identifies and secures locations with low energy prices. It combines knowledge of price structures for industrial users, feed-in tariffs for renewables, discounts for on-site consumption, grid fees, taxes, levies and exemptions - a proprietary, multidimensional system that helps Envion to identify the most efficient locations for processing data and mining cryptocurrencies.
*System Architecture Overview
Low Cost Green Energy: These modular crypto mining units are connected globally through satellites, and transform energy into crypto currencies right at the power source, through the process of mining. Energy producing units often shut down production when the supply exceeds demand due to over loading at the grids. But, now with Envion’s state of the art mining units connected at the source, this excessive energy will get consumed, and at the same time provide low cost green energy for cryptocurrency mining.
Maximum Effeciency: Since Envion’s mining units are mobile, it allows for targeted placement of the same at sites where thermal energy is needed for heating of buildings, greenhouses etc. This allows Envion to recycle the energy used for mining thus bringing the electricity prices to record low levels.
Patented Smart Cooling: Envion has filed for multiple patents under the Mobile Data Centres ambit. One of the patents relates to their smart cooling system that is supposed to be 40 times more efficient than standard systems. Envion’s revolutionary cooling system requires a mere 1% of the total energy consumption.
*Cooling System Hardware Arrangement
True Scalability: Envion has built custom components (cooling system etc) along with many standardized components (inside MMUs) that enables mass production. The company has invested in building software in order to operate a large fleet of MMUs.
*Containers Can be Easily Stacked
Supporting the smart grid: Envion’s MMUs are designed and built to operate at remote locations (“industry 4.0”) near energy sources such as solar plants, wind turbines or hydropower plants. These mobile mining units can be integrated into a smart grid and flexibly take the load off of energy grids.
Envion’s project is aiming to disrupt multiple businesses with its patented technologies. Their mobile units have been custom designed and built to achieve scalability. The best part of this endeavour is that it gives you and me and the community as a whole to get a piece of the action and at the same time decentralize mining in the real sense of the world. With the access to free excessive energy at source, and smart reinvestment strategies in place, exponential returns could be possible if things are executed as planned.
Token Pre Sale Start Date: 1st December 2017, 12 pm GMT
Token Sale End Date: 31st December 2017, 12 pm GMT
Token Standard: ERC20 Token
Maximum Token Supply: 150 million (Tokens not distributed will not be created)
Token Name: EVN
Token Price: USD $1
Round 1: 01st December - 2nd December: $0.70
Round 2: 3rd December – 7th December: $0.80
Round 3: 8th December – 15th December: $0.90
Round 4: 16th December – 31st December: $1.00
Token Issue Date: 10th January 2018, 12 pm GMT
EVN Token Rights:
- Receive 100% of the earnings of proprietary mining operation in two steps: -> 75% payed out immediately -> 25% reinvested to boost future payouts
- Receive 35% of Envion’s earnings with third-party operations
- Voting and veto in important decisions of the company’s strategy
Compliance: EVN security token is compliant with Swiss & US Regulations
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