Moonlite: Smart Crypto Mining through Cost-Effective & Sustainable Green Energy
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Moonlite: Smart Crypto Mining through Cost-Effective & Sustainable Green Energy

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It’s no secret, cryptocurrency is huge. In fact, it’s worth close to $400 billion & counting. And, has indeed come a very long way since the pioneer of crypto, Bitcoin, saw its first light in 2009.

Today, there are more than 1,500 different coins & tokens that we can choose from, trading on 190 exchanges across the globe. And, worldwide, more and more corporations, institutions and regulators are joining the mainstream movement towards digital currencies.

However, there are also many challenges. And, not the least being the high electricity consumption costs associated with crypto mining. But, Moonlite has secured one of the last green energy contracts available in the new crypto mining mecca of Iceland.

Please continue reading to see how Moonlite is well on track for opening its highly profitable crypto mining center in Iceland later this year. And, how you can become part of the success story by holding tokens in its new-generation, industrial-scale crypto-mining operation.

The high power costs of crypto mining is a dealbreaker

 In an article titled “Bitcoin mining consumes more electricity a year than Ireland”, The Guardian reported during November that the bitcoin network consumes 30.14TWh a year; which, not only exceeds the usage of Ireland but also that of 19 other European countries, it says.

 The article further explains how the bitcoin miners are responsible for verifying transactions made with the cryptocurrency, also to protect the system against fraud, as Bitcoin is a decentralized network where “no centralized authority” exists to confirm ledger entries.

During the process of validating network transactions, miners use specialized computers to solve computing problems which demand high electricity usage, The Guardian writes. And, miners receive compensation for their services by means of a “reward”, paid in bitcoins.

“Each individual bitcoin transaction uses almost 300KWh of electricity – enough to boil around 36,000 kettles full of water”, the article continues. And, by comparison, the Visa credit card company’s data centers, which process 200 million transactions daily, only use 2% of the electricity that the bitcoin network does, even while Bitcoin processes fewer than 350,000 transactions per day, it says.

With reference to the above table from the Bloomberg Technology website, the electricity costs in countries like the US, Japan, UK and South Korea vary between $107-$170 MWh.

As noted earlier, bitcoin transactions consume 300KWh or 0.3 MWh each. This means that the electricity cost per transaction equates to between $32 and $51 for the countries mentioned.

When the cost of power represents such a high input expense to crypto mining enterprises, it can be appreciated that the profitability of such operations is under extreme pressure.

This barrier to entry is a major factor that prevents new miners from entering the market and it forces non-profitable, existing entities to cease their activities.

The solution – affordable and sustainable green energy

In its February article titled “How Iceland became the bitcoin miners’ paradise”, The Guardian explains that it’s all about “location, location, and volcanoes”.

It continues to explain how the island’s magma-fueled power plants harness the power of geothermal energy –from the volcanoes- to generate a cheap and abundant form of renewable energy.

Iceland – natural geothermal energy in action

The abundance of the natural source in Iceland is driving down the cost of power on the island. This, in turn, is ideal for the miners of cryptocurrencies, who are able to make higher profits as they run their computers 24/7, 365 days a year, the article says.

Iceland is also extremely water-rich, a resource which is stored naturally in ice caps and underground. Through nature’s spontaneous melting processes, it creates a constant and regular flow of water which is harnessed by hydroelectric power stations on the island. Hydro provides the majority of Iceland’s electricity needs, the country’s National Energy Authority says.

And, another stakeholder, the National Power Company of Iceland is further busy with the development of a network of wind turbines on the island in a project which they dubbed “Energy from the fresh air”. There are a number of areas in Iceland that show great potential for the successful utilization of wind energy, the company says.

Also, the country’s location at the northernmost tip of the Mid-Atlantic Ridge provides a further benefit in that the cool “Arctic air reduces the need to invest in expensive air-conditioning for the server rooms – crucial, since the specialised chips used to mine most cryptocurrencies produce huge amounts of heat when running at their maximum efficiency”, writes The Guardian. 

Moonlite turns green energy into profits

Moonlite is proud to announce that it is one of the last commercial enterprises to be awarded an energy contract in the Keflavik area of Iceland, which will ensure the uninterrupted and large-scale supply of naturally produced, low-cost electricity to its operations.

https://www.youtube.com/watch?v=18GSJmu1T3k

Iceland’s authorities, energy, and utility companies receive countless inquiries and applications from around the world, submitted by crypto mining operators and data centers wishing to establish themselves on the island.

However, although entry requirements are stringent and a large percentage of the applicants fail to comply thereto, the energy-supply infrastructure for large-scale commercial contracts in the area has reached its capacity and Moonlite is one of the last enterprises to be awarded such a contract.

It will take many years for the energy infrastructure –notably the electricity links from Reykjavik to Keflavik- to catch up and in the meantime, Moonlite will enjoy a low-competition environment which will greatly enhance its overall profitability.

Moonlite has successfully secured and locked in all the necessary contracts & guarantees for operations in the Keflavik area–also the purchase of real estate- and its progress is well on track to commence business later this year.

More information on the Data Centre Construction and Total Contributions to Date is available on the Moonlite website.

With its focus on industrial-scale crypto mining –predominantly Bitcoin, Bitcoin Cash, DASH & Litecoin- Moonlite is destined to be the largest miner in Iceland, as the key competitors are increasingly following the data-center business model, thereby renting out their facilities and not focusing directly on mining per se.

The Moonlite Project employs the latest technology –see Mission Statement– world-class people and an unprecedented Value Offering To All Investors to ensure a superior return on investment.

A key factor for highly profitable crypto mining operations is access to cheap electricity resources. Moonlite has contractually secured such supply –as described earlier- and will enjoy the benefits of Iceland’s plentiful natural resources in that regard.

Electricity costs in Iceland do not even equal 25% of the energy bills in some of the other leading crypto countries’ e.g. Japan. Please refer to the electricity tariff table further above for a detailed comparison between the various countries.

The Moonlite Project is therefore perfectly geared for highly profitable operations. More information on Moonlite’s Anticipated Investment Returns is available on pg. 27 of the whitepaper. And, a full Investor Pack may be obtained by means of the website. 

MNL Token & ICO

Moonlite presents investors with an opportunity to hold a token in a new-generation, highly lucrative, industrial-scale crypto-mining operation that is focused on efficiency by employing low cost and clean energy sources, also artificial intelligence and custom algorithms.

The MNL token is issued by means of Ethereum Smart Contract and entitles investors to share in 35% of Moonlite profits.

Moonlite’s Initial Coin Offering (ICO) is currently underway and ends on 22 March 2018. Investors may participate in the ICO on the Get Tokens page of the Moonlite website.

Full MNL token Facts are also available on the website. And, on pages 19-21 of the Moonlite whitepaper. Participants may further sign up for the Bounty program on the website.

MNL tokens will be available for trading on open cryptocurrency exchanges after the ICO.

Management, Roadmap & Milestones

Moonlite follows a policy of employing only the best operational teams to oversee and maintain the effective operations of its data centers. The Simplified Team Structure is outlined on pages 13-14 of the whitepaper.

And, “We are very selective of who we invite to be part of our team, and only engage with the best talent”, Moonlite say. Therefore, the enterprise has the most skilled, experienced and qualified management team & board of advisers.

Further information is available under Our Team & Advisors on the website, also on pages 22-24 of the Moonlite whitepaper.

The Moonlite journey started in 2017 and is fully mapped out up to and until the opening of the Data Center on 1 August 2018. The Milestones can be viewed on the website. Further information on the Operational Plan can also be viewed on pages 15-17 of the Moonlite whitepaper.

Conclusion

Cryptocurrencies and crypto mining are here to stay and busy picking up vast global momentum as we speak.

As is the case with any nascent industry, there are always countless early-movers wishing to take advantage of an imminent rise. And, crypto is no different. Many crypto miners have tried but eventually gave up due to prohibitive costs such as electricity.

This has vastly widened the scope and availability of great market opportunities for serious participants, such as Moonlite, who are in it for the long haul.

Through careful and brilliant strategic planning –such as basing its operations in Iceland- Moonlite is sure to leverage the potential of highly profitable crypto activities for the benefits of its investors in many years to come.

The reasons listed under Why Choose The Moonlite Project on page 26 of the whitepaper is a sure testament to the outlook for Moonlite and its investors for ongoing success in the cryptocurrency industry.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Alessio Maffeis via Flickr

Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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The Pros And Cons Of Cryptocurrency

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Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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