Sustainable Mining: The Turning Point Of Solar BTC

The growing attention of Bitcoin and cryptocurrencies in recent years has encouraged more and more small and large investors to start mining coins, a complex algorithmic calculation necessary for the validation of blocks of the blockchain, from whose resolution miners are rewarded with cryptocurrency rewards. The system just described in a very simple way is called Proof Of Work or PoW and over time requires increasingly complex calculations which require specific hardware and above all a large amount of energy.

The graph clearly illustrates the trend of Bitcoin's Hash Rate from its launch in 2009 to today.

Mining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Although Bitcoin's exact hashing power is unknown, it is possible to estimate it from the number of blocks being mined and the current block difficulty.

Computing power requires a large amount of energy, Visual Capitalist estimates that the current average annual consumption is about 129 terawatt hours (TWh) more than what Chile consumes, for example, and Bitcoin's ecological footprint, measured in CO2 emissions, is close to the 37 million tons of CO2 per year (Digiconomist data), more than New Zealand.

The question is: is mining sustainable over time? Are there any eco-sustainable alternatives?

More and more companies are aiming at the construction of eco-sustainable mining structures, exploiting the enormous energy that nature offers: sun, water, wind, geothermal heat. For example, many mining companies are building farms or obtaining licenses to harness the power of water generated by the currents and waterfalls of many South American countries, where it is estimated that half of the energy produced by this source is unused.

Solar BTC's goal

Solar BTC is one of the companies that focuses heavily on the construction of infrastructures for mining from renewable sources by exploiting the resources that the territory offers, avoiding the disfigurement of the environment through deforestation processes or other extreme actions. In fact, the company's goal is to use above all deserted or abandoned territories, which are unproductive from an economic point of view and which include the reclamation and construction of solar plants, for example, optimized for mining cryptocurrencies.

This process of conversion of the territory finally produces an economic value as using solar energy, cryptocurrencies such as Bitcoin, Ethereum or other coins are produced that require the PoW to validate the blocks. The energy produced by solar panels has a very low cost compared to that which can be purchased from the market and produced from alternative and non-eco-sustainable sources. The advantage of building photovoltaic panels is therefore not only a question of sustainability, but also of enormous economic savings deriving from the production of solar electricity rather than from the more expensive hydrocarbons or coal.

The average life span of photovoltaic panels is 25 years, a very important period if we also think about the price of Bitcoin which will potentially tend to increase, becoming increasingly scarce on the market after access to the market even by institutional investors. Many industry experts predict exponential value in the coming years and decades such as PlanB's S2F model, a chart that incorporates many calculations deriving from the market, and which projects BTC to 1 million dollars in 2030, for which any type of investment in the the sector could have incredible returns by the end of the decade.

The new solar panel technology

The new generations of solar panels dramatically increase the efficiency of electricity generation, optimizing costs and increasing profits. High-efficiency double-sided solar panels combined with state-of-the-art battery technology and an energy management system provide a low fixed cost of energy over the life of the project.

Furthermore, the technology applied by the company in the construction of its mining structure also provides for an ease of migration from mining between the various cryptocurrencies. This means that Solar BTC can indifferently undermine any currency, thus demonstrating extraordinary flexibility according to the need of the company.

Latest generation of mining equipment ensures the highest possible mining sustainability:

1. Submission of 2x patentable technologies whilst maintaining a 100%
   renewable mining solution; Continuous mining with a battery-less infrastructure

2. State-of-the-art Liquid Cooling provides unparalleled efficiency,
   delivering consistent ideal environment control increases lifespan of machines by 50%, allows for significant overclocking and utilizes less energy with the absence of fans.

Roadmap

2022 is a fundamental year for Solar BTC as it foresees the start of the construction of the plants, having already identified the first planned areas, especially in the USA, always exploiting disused land. The implementation of 3 projects is foreseen that will bring the available power of 30 MW with structures that will cover a total area of 50 acres.

The successful installation of these plants will ensure the expansion of the company also in other geographically suitable areas for the exploitation of solar, wind and water resources and this will increase more and more the power of energy available for mining.

Eco-sustainable mining will be able to replace traditional mining in the near future and this will not create the climate of aversion that many environmentalists today have towards Bitcoin and the like. Indeed, in the case of extra energy produced, this could easily be sold at low prices to local electricity companies, generating enormous benefits for all users.

Business Model and Tokenomics SBTC

The energy produced by the solar panels will be used for the mining of BTC and converted into SBTC, the main token of the project, which will be distributed to stakeholders.

A total of 200 million SBTC tokens are expected, of which 13% will be destined for the Private Sale and 40% for the Public Sale. The purchased tokens will be blocked for 6 months and will subsequently be available for any movement by the holders.

Partnership with Loop Finance

Each project needs a strong community to have the right success and resonance in the crypto sector. Solar BTC's partnership with Loop Finance is strategic as it allows the team, which chose the Terra blockchain to launch the IDO, to be supported by a community of high-level authors, often with a few years of experience in the cryptocurrency sector. . Explaining the characteristics of similar projects to users is not easy and the support of the users of the community is a huge advantage, it is a very interesting and innovative form of marketing.

Community authors, LOOP and LOOPR holders will also receive an SBTC airdrop, as well as potential rewards like this Bounty. The collaboration with Loop Ventures for the launch of the IDO will ensure the trading priority of the SBTC token on the Loop Finance DEX, generating fees and profits for the benefit of the community and LOOP.

NFT launch

Solar BTC also plans to launch the NFT collection, in association with dystopAI - an innovative NFT project that uses AI to generate art. In this NFT, AI has generated a sci-fi city, filled with solar panels, evoking the innovation and vision behind Solar BTC.

The NFTS will be released with priority on the Loop Finance marketplace, thus guaranteeing the only window to acquire the beautiful thematic collection and guarantee even more rewards from staking.

Conclusion

The project is very ambitious and its implementation will take time. The purpose is noble and the advantage of eco-sustainability may entice other companies to imitate Solar BTC and convert the infrastructures for the creation of electricity used for mining in the coming years. If the roadmap were respected we could begin to see the first results already by the end of the year and increase over time with the increase of the plants.

A project to be followed very carefully and as always, before any investment, do your research and possibly invest only capital willing to lose in the worst case. Be cautious.

Website: https://solarbtc.io/
Pitch Deck: https://assets.website-files.com/61dfa9c7be3a3202b0befa9b/6212c5a3b1e8a582df6c160c_Solar%20BTC%20Pitch%20deck.pdf