Cryptosolartech: Blockchain and energy for a better world

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Cryptosolartech
Here is an Overview of the project
During the Cryptosolartech ICO, we will obtain our own cryptocurrencies, in a farm where we will install 3.000 equipments 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.

Photovoltaic solar installations to pool

The basic reason for why the investment in solar energy can be profitable is given due to the drastic decrease of the materials for its construction, as well as the improvement of the electrical equipment performance, added to the constant expenses increase in power generation.

The objective of this study is to obtain financing for the 45.000 kW photovoltaic electricity generation plant.

What is cryptocurrency mining?

In the world of cryptocurrencies, money is extracted, a known process as mining. The miners obtain the cryptocurrencies from time to time as a reward for solving a mathematical problem.

When is a block created?

When a block of transactions is created, the miners give way to the next phase: They have to take the information from the block, and they apply a mathematical formula, which makes it something different, and smaller. Each time one of these miners manages to solve the formula and creates a successful hash, it is rewarded with the cryptocurrency that is extra-minating the transactions previously verified.

What is this mathematical problem?

Cryptocurrency users constantly send money from one place to another of the planet, so it is necessary to create a record to verify the payments. The nodes of the cryptocurrencies register these movements in the Blockchain; the work of the miners, is to confirm the transactions and register them in the Blockchain, so that, in each operation, they receive a small commission for carrying out this task

The most important thing that you should not forget, is that cryptocurrencies are not created or destroyed, but they are EXTRACTED.

PROBLEM

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.

SOLUTION

Cryptosolartech will solve the problem of crypto mining cost by using the greenfield solar facilities of their projects, to provide energy to sustain and run the miner plants at an efficient cost of electricity in the long-term period operation.As we known, the electricity cost represents the major cost of the miner plants and with the synergy of the efficient cost of electricity of the solar plants, token holders could have access to profit cryptocurrencies miner by paying a rent to access the facilities at a very competitive price of electricity to do so.

This approach to business allow token holders to mine at less cost than the market pay for to do so currently. CryptoSolarTech has a competitive advantage that permits to be the first mover in the mining market and maintain it to the middle and long term crypto market competition.

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.

HOW CRYPTOSOLARTECH OPERATES?

Cryptosolartech Token (CST)

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.

Assets Distribution

Funds Distribution

TOKEN SALE

Beginning

April 16th, 2018 (12:00 PM GMT +1)

Number of Total Tokens

1.260.000.000 (100%)

Ending

July 14th, 2018 (12:00PM GMT +1)

Number of Tokens for Sale

1.008.000.000 (80%)

SOFT-CAP:

983.733 €

HARD-CAP:

71.400.000 €

Accepted Currencies

ETH,BTC,LTC,BCH,XRP, FIAT

Minimum Investment

5000 TOKENS

ICO Phases

ROADMAP

TEAM

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

WEBSITE: https://cryptosolartech.org/en/

WHITEPAPER: https://cryptosolartech.org/doc/cryptosolartech-whitepaper-en.pdf

TELEGRAM: https://t.me/cryptosolartech

FACEBOOK: https://www.facebook.com/cryptosolartech/

TWITTER : https://twitter.com/cryptosolartech

MEDIUM : https://twitter.com/cryptosolartech

Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995
ETH Address: 0xc7a5bdAa10D8C40f7a7FAF35995C794bB769166b