Due to our decentralized placement of cubes, we can offer a private decentralized network for blockchains. Many banks and insurance companies develop private blockchains and have to operate them decentrally. In this case we can use parts of the units as hosting platforms. We believe that the need for such networks will increase massively in the future with the further development of the blockchain technology.
You already started negotiations with anyone regarding that?Some banks or insurance companies? Not at the moment! |
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You mentioned that a single SAM cube can mine about 115 ETH and 19 BTC per year, how did you came to this numbers?
The first SAM Cubes have been equipped with mining rigs for the mining of ETH and Bitcoin. The SAM Cubes can be equipped with Asic or GPU miners, whereby a mixed model was chosen for SAM Unit 1. In the already functioning Unit 1 (4x2x2), 50 Asic miners are operated with a total capacity of 700 TH/s and several GPU rigs with a total capacity of 4000 MH/s. At this performance, currently about 115 ETH and 19 bitcoin are minted per year. SAM Unit 1 would generate you 50*4k/2=100'000USD per Year. If you really mine 19 bitcoin per year you would better keep them yourself and sell them. It always seems fishy to me, selling something under the value it had, if you keep it for yourself  I think its been said that actual rate is 15 BTC per year,not 19.SAM team abit overestimated. correct but actually we are doing some test with 100 Asic Miners in a Unit One and there is a lot of new Hardware coming out (for example S11). so its almost impossible to tell a correct number of coins  our second and 3 Unit One‘s are running with more then 800 TH/s and that one that we have under construction should run with 1600 TH/s. we will see what happend in the future - we will try to get the maximum of ROI and actually we have rather a conservative calculation of ROI. Bare in mind that curent prices of ETH and BTC are low compared to ath,so ROI could change dramatically. Or It could go down,you never know with that. Yes, we are also planning s11 miner instead of s9 to solve coming difficulties. |
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You mentioned that a single SAM cube can mine about 115 ETH and 19 BTC per year, how did you came to this numbers?
The first SAM Cubes have been equipped with mining rigs for the mining of ETH and Bitcoin. The SAM Cubes can be equipped with Asic or GPU miners, whereby a mixed model was chosen for SAM Unit 1. In the already functioning Unit 1 (4x2x2), 50 Asic miners are operated with a total capacity of 700 TH/s and several GPU rigs with a total capacity of 4000 MH/s. At this performance, currently about 115 ETH and 19 bitcoin are minted per year. SAM Unit 1 would generate you 50*4k/2=100'000USD per Year. If you really mine 19 bitcoin per year you would better keep them yourself and sell them. It always seems fishy to me, selling something under the value it had, if you keep it for yourself I think its been said that actual rate is 15 BTC per year,not 19.SAM team abit overestimated. Should also be over 100k. I thinks same could be said for Bitmain,why would they sell their miners when they can mine instead and make more money that way? Wow, exactly. |
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Wouldnt Iceland be even better place to set up something like that,have you considered that location too?
First we have to go there to check then can say  Iceland seems like a solid idea simply because it is so remote and climate suits the needs, but I personally think Switzerland is ideal pick, so many unused and abandoned buildings in Alps for grabs.Hard to match that and it is in the heart of Europe which makes transport and logistics regarding SAM cubes much easier. Great insights. Yeah I mean the south pole would be great in terms of cooling but its just to far. Yes, but climatic conditions are not the only factor, if that so south pole would be an ideal location... Its the combination of elimate and local/cheap energy production that makes this location unique |
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A great idea - and the introduction of innovations is undoubtedly a big plus (like ORC system). I'm interested in the issue from a legal point of view - in this country a stable economic climate?
Yes! |
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I'm interested in your team!
Thank you! |
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I saw that you are currently in tier 2 private sale,with 0.4 usd price per token.What was the price in previous tier?
0.3$ per SAM token. Big difference,but i guess early contributors deserve the best price. Yes! |
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Wouldnt Iceland be even better place to set up something like that,have you considered that location too?
First we have to go there to check then can say Iceland seems like a solid idea simply because it is so remote and climate suits the needs, but I personally think Switzerland is ideal pick, so many unused and abandoned buildings in Alps for grabs.Hard to match that and it is in the heart of Europe which makes transport and logistics regarding SAM cubes much easier. Great insights. |
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Wouldnt Iceland be even better place to set up something like that,have you considered that location too?
First we have to go there to check then can say I think that it is indisputable if project becomes successful they will easily transfer it to other States that have the appropriate climate conditions...given that fact Iceland is also an option Yes, you right. Anyway thanks for your suggestion |
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Great....Awesome and really special token
Thank you! |
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Wouldnt Iceland be even better place to set up something like that,have you considered that location too?
First we have to go there to check then can say |
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About power plant purchase,do you plan to do it this year,or next one?And also,does that mean you will have to hire extra people to run that power plant?
Initially we planned to buy some portion/share of existing power plant so in future will buy full plant as per our power demand. |
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Any news about the project?
we are currently in privatesale tier 2. When public sale starts? June 15th |
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How do you plan to power these in the mountains ?
Quick calculation shows:
50 x S9 = 66 kw
4000 Mhs ETHASH = approx 130 RX 580, = 17.5 kw (+ Mainboards, routers, vents etc) (space must be packed in a 4m x 2m x 2m container ....)
So lets make that a generous 100 kw / Container. On 400 Volts, that's roughly 250 A.
Not one of the buildings in the mountains has that energy supply - so you will be restricted to locations that are either close to a trafo station, or close to e.g. ski lifts / mountain railways, otherwise you pay a fortune to get the energy laid to these locations.
The connection to a trafo station / ski lift will still need to be established, and depending on the distance, this is a 5-6 digit amount VERY quickly just to get the energy to the container.
In addition to that i miss the mentioning of the swiss electricty grid usage cost (5-6 rp/kwh) and general cost (2.6 rp/kwh) in your calculations and whitepaper.
So in essence, without having your own hydro power stations, you are looking at at least 10 rp/kwh for energy, and thats already the best case. More likely 13-16 rp/kwh.
Even IF you acquire your own hydro plants, the swiss electrity grid usage fee will still need to be paid (happy to learn something new here if that's not the case).
Thank you for your feedback, wish you all the best with the ICO.
my best regards
Sergej
PS: on a sidenote - as far as i know all swiss banks have cancelled / do not further maintain banking relationships with crypto mining companies. Do you bank out of Liechtenstein?
thanks for the questions Sergej In Switzerland there are about 400,000 of these buildings and about 10%, so 40,000 are usable for us. In most cases we have to supply the electricity to the stables. The costs for the development of the first building were 30'000 CHF, but mostly 2-4 of these buildings are in the same place and we can therefore split these costs. The first stable which can be seen in the video has 2 more next door and all 3 are now useable. Therefore, the costs are quite acceptable there. Currently we have large scale contracts (with a minimum that we have to buy) for hydro power and we pay 5.23 cents per KW / H. When operating our own power plants, we will operate the containers next to them and operate our own network in order to not have to use the public grid. the idea is to operate small hydropowerplants (we have more then 1400 of them in switzerland), they are exempted from water taxes in switzerland. and of course they are much cheaper to buy About the banks, currentlyl we work with a swiss bank (you can see the details when you go to our tokensale plattform) but maybe we will switch to a bank in liechtenstein because they can provide us also with wallets etc. Swiss Alps Energy is currently in process to get a SRO Member in Switzerland. Best Regards Swiss Alps Mining Since those buildings are in the mountains,is electricity stabile there,i mean did you have any kind of power shortages yet due bad weather,snow etc? We dont expect any Problems there, as hydropower is very stable and small ones are everywhere. So the electricity will be produced locally too |
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You mentioned that you plan buying power plant.I guess that power plant will be in Switzerland,and also,is that easy to buy power plant?
Yes, you are right. Power plants in Switzerland and difficult if you have that amount money |
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Which is tme minimum period in which someone can rent SAM cube?
2 years |
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The first SAM Cubes have been equipped with mining rigs for the mining of ETH and Bitcoin. The SAM Cubes can be equipped with Asic or GPU miners, whereby a mixed model was chosen for SAM Unit 1. In the already functioning Unit 1 (4x2x2), 50 Asic miners are operated with a total capacity of 700 TH/s and several GPU rigs with a total capacity of 4000 MH/s. At this performance, currently about 115 ETH and 19 bitcoin are minted per year.
700 TH/s don't mine 19 BTC, less than 15 BTC would be more accurate. Probably old data,but still decent numbers i think. Whats the TH/s you plan to have till end of the year? our last unit one has around 800 TH, so actually we have 2200+ TH/s running in 3 Units. What we will have by end of year is really depends on the ICO. Are you already renting those cubes,where can i see those cubes working? Yes,i would like to see some videos too,so we are sure those cubes actually exist. Sure, please join our telegram group there we will share working cubes video.. |
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