Swiss Alps Energy Strives to Enable Environmentally Friendly Mining of Crypto Currencies
Swiss Alps Energy AG is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are intended for longterm stationary use. Thereby, SAE preserves the aforementioned unused buildings in the Swiss alps and uses them sensibly and without interference with either building structure or the environment. The Problem Over the last few months alone, the Bitcoin Energy Consumption Index has increased by 30%. If bitcoin energy consumption continues to grow at such rates – and no suitable optimization measures are taken – by 2020, bitcoin mining would exceed global electricity consumption by 21 TWh.. In 2017, average costs are estimated to have quadrupled. The mining market is a global business, whereby more than 80% of the mining is done by Chinese-owned businesses. The second largest provider is the Czech Republic with a market share of about 10%. The industry is in an «arms race» and the current crypto currency prices cre...
