When it comes to Cryptocurrency mining its a process in which transactions for various forms of cryptocurrency are verified and added to the Blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, or Bitcoin mining (for the most popular form of cryptocurrency, Bitcoin), cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years the cryptocurrency mining was distributed among lot of private miners, where the rules were transparent, they were not harmful, they did not affect the climate or the environment, since the energy consumption were too low. As the use of crypto currencies or crypto assets in general grew, the consumption of energy and the concentration of mining activities in countries with low social and environmental standards increased, where energy production required mostly fossil fuels. In turn, the concentration of mining power has remained in the hands of some giant corporations, which distorts the democratic principle of decision-making of aspects of the network, such as changes in protocols, or hard -forks, which can be influenced by concentrated economic interests.
For this reason, scavo propose how to help and collaborate with the entire blockchain ecosystem, to favor decentralization general access to technology by anyone in the world, that is friendly to the environment and, further, that it be profitable. For this reason, during the last two years different projects have been published and carried out, where the focus was mobility; those proposals are some of the best solutions that have been seen: nevertheless, there is still a very important drawback and it is the fact that the low cost of energy is found in countries where mining is already concentrated; so that does not solve that problem, but favors even more the concentration of mining.
The aim of SCAVO Technologies is, basically, self-sustainability achieved over time. For this, a hybrid system was developed, in stages, which allows the generation of all the energy necessary for the operation of mining farms. The proposal for the construction of the power generation plant is through the use of renewable energy sources: solar, wind, hydraulic and biomass.
Further, it was conceived through a hybrid interconnection scheme, since all the generated surplus could be injected into the energy network of the local company, which will allow the monetization of said surplus without the need to discard this capacity or invest in elements for the accumulation of energy. In turn, all the necessary equipment is designed and dimensioned so that it can operate in optimal condltions for 10 years [20 years is the maximum expected operating time).
The strategy of Scavo Technologies is comprised of three main aspects. The autonomous mining unit is a ready to mine unit with all the required hardware, an active and passive cooling system, it is ready to receive power, has an information control center for data management, and has video recording capabilities. This makes it easy to start mining for coins in a new location. Another aspect of their strategy is the energy generating unit. This will deliver power to the autonomous mining units by utilizing wind, solar, hydro power, or similar. Any excess energy created will be sent to the local energy company for monetization. Energy generating units will be very scalable and modular for ease of expansion. The third aspect to the Scavo Technologies strategy is a unified data center. This will manage all aspects of the mining farms. By creating their own power stations, they eliminate much uncertainty about fluctuation of electricity prices. It should also reduce costs and thereby increase mining profitability.
Conclusion:
Scavo Technologies will create an environmentally efficient system for cryptocurrency mining that is sustainable for the long term. It’s nice to see them take a long-term approach to their business model. Cryptocurrency looks like it’s here to stay, and with that comes the need for efficient cryptocurrency mining operations like Scavo Technologies.
so if you interested in scavo ico here is some important details
Token Sale Information
PUBLIC SALE: 21 JUL 2018–31 OCT 2018
SYMBOL TOKEN: SCAVO
PLATFORM: ETHEREUM
COUNTRY: ARGENTINA
PRICE: 0.6 USD = 1.0 SCAVO
ACCEPTING: BTC, BCH, ZEC, ETH, ETC, XMR, DCR
SOFT CAP: 500,000 USD
HARD CAP: 83,600,000 USD
TOTAL TOKENS: 200,000,000
FOR MORE INFORMATIONS
WEBSITE https://scavo.farm
WHITEPAPPER https://scavo.farm/download/WhitepaperEnglishv1.15.pdf
TELEGRAM https://t.me/SCAVOTech_English
TWITTER https://twitter.com/SCAVOTech
MEDIUM https://medium.com/@SCAVOTech
YOUTUBE https://www.youtube.com/channel/UC97baGa2bnwnxolojO8LsjA
Author - HirushaPerera
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