The popularity and demand for cryptocurrency is growing. With that comes the need for people to mine cryptocurrency. Scavo Technologies is developing an eco friendly cryptocurrency mining operation. As time goes by, the difficulty of mining a cryptocurrency generally increases. This causes an increase in electricity usage to mine the coins. Today, there is a huge amount of electricity being used to mine coins throughout the world. In order to be environmentally friendly, a green source of energy is needed. Scavo Technologies is located in Argentina, and they plan to build self sustaining mining locations using renewable energy such as solar, water, and wind.
Scavo Technologies is currently holding a token sale for fundraising. The token is an ERC-20 type of token. 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 being used for reinvestment into the operation including the purchase and maintenance of equipment. Scavo Technologies may also provide services to third parties. Thirty percent of profits from this may be distributed to token holders as well. Democratic decision making is important to Scavo Technologies, and holders of the SCAVO token will be able to vote on decisions with the use of smart contracts. The token sale started on July 15th, and will run until October 31st of this year. There is a maximum token supply of two hundred million tokens. Eighty eight percent will be offered for sale, with eight percent set aside for a reserve fund, two percent for rewards programs, and two percent for the team and founders.
Scavo technologies is an innovative blockchain company established in Argentina specialized in the construction of data center infrastructure for crypto-mining using renewable resources. It offers an intelligent, scalable, environmentally friendly solution with the ability to maximize energy resources with zero carbon footprint, natural and self-sufficient.
In order to carry out a large-scale project it is necessary to have different resources such as economic, physical, technological, human, etc. Throughout the different stages of Research and Development (R&D) SCAVO Technologies managed to forge various links with technology companies, manufacturers and highly qualified personnel in different parts of the world.
In the same way Team SCAVO hope to be able to establish a long-term relationship with our investors that allows us to grow together through clear terms and conditions.
The process of acquiring specialized hardware for crypto mining is not something simple due to the growing demand in this last time and in many occasions accessing it involves negotiating with different intermediaries that end up making the purchase process more expensive as well as all the logistics that implies a purchase on a large scale.
To be able to have a better negotiating position in the different intervening processes, SCAVO Technologies is registered in the importer/exporter registry of Argentina. This made it possible to access the necessary hardware (ASICs, GPUs, PCBs, etc.) directly and without intermediaries, reducing costs. Team have agreements with different international transport companies at competitive wholesale rates.
Achieving energy self-sustainability was a key milestone in the development process of the project itself as it will allow the development of the company’s different operating models without being tied to traditional energy costs as well as to energy market fluctuations or policies of energy. The use of renewable energies for the generation of electricity, allows to develop this ecosystem in different parts of the world where energy cost is incompatible with the market of crypto mining.
Achieving energy self-sustainability in a maximum period of 12 months will reduce the cost of energy per KWh from USD 0.12-0.15 to values between USD 0.01 to 0.05 and a minimum expected useful life of 10 years.
In order to achieve a large-scale crypto mining system, scalability was a point of strong consideration. For this, all the design and construction guidelines of the different components allow for greater modularity. Blocks were designed (at the subsystem level) in a standardized way that allows the exchange between any of them. At the same time, being a modular process, they are conceived to be able to put together different arrangements to add or remove capacity in a practically unlimited way (subject to the deployment space of the complex).
As an example, the interconnection of energy allows a horizontal and vertical integration of the same being able to be connected with other adjacent energy systems and be interconnected to the traditional energy system simultaneously.
For Information
Website: https://scavo.farm/
Whitepaper: https://scavo.farm/download/WhitepaperEnglishv1.15.pdf
ANN: https://bitcointalk.org/index.php?topic=4832228.new#new
Twitter: https://twitter.com/SCAVOTech
Facebook: https://www.facebook.com/SCAVOTechnologies/
Telegram: https://t.me/SCAVOTech_English
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