introductory video
The popularity and demand for cryptocurrency continues to grow. With that comes the need for people to mine cryptocurrency. Scavo Technologies is developing an environmentally friendly cryptocurrency mining operation. Over time, the difficulty of mining cryptocurrency generally increases. This causes an increase in the use of electricity to mine coins. At present, there is a large amount of electricity used to mine coins throughout the world. To be environmentally friendly, a green energy source is needed. Scavo Technologies is located in Argentina, and they plan to build independent mining sites using renewable energy such as sun, water and wind.
Scavo Technologies currently holds sales of tokens for fundraising. Tokens are types of ERC-20 tokens. There are a number of benefits associated with being a token holder. Eighty percent of mining profits will be distributed to token holders with the remaining twenty percent used for reinvestment into operations including equipment purchases and maintenance. Scavo Technologies can also provide services to third parties. Thirty percent of the profits from this can be distributed to token holders as well. Democratic decision making is important for Scavo Technologies, and SCAVO token holders will be able to vote on decisions by using smart contracts. Token sales begin on July 15, and will last until October 31 this year. There is a maximum token supply of two hundred million tokens.
Scavo Technologies strategy consists of three main aspects. An autonomous mining unit is a unit that is ready to be mined with all the necessary 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 coin mining in a new location. Another aspect of their strategy is the energy generation unit. This will give power to autonomous mining units by utilizing wind, solar power, hydropower, or the like. Any excess energy created will be sent to the local energy company for monetization. The energy generating unit will be very scalable and modular for easy expansion. The third aspect of the Scavo Technologies strategy is an integrated data center. This will manage all aspects of mining. By creating their own power plants, they eliminate a lot of uncertainty about electricity price fluctuations. It must also reduce costs and thereby increase mining profitability.
Scavo Technologies will create an environmentally friendly 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. This team is also very experienced. To read more about their business ideas and plans, be sure to look at their website and whitepaper listed below.
Author: Jrock232
Btt profile link: https://bitcointalk.org/index.php?action=profile;u=1972952
Eth: 0x8b4C75B64A871525306023CE18579b863c249318
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