Scavo Technologies

6 min readSep 19, 2018

Before the bitcoin was not so popular around the globe it was very easy for the miner to mine bitcoin at home and earn good profit.

However, if we see today’s time the things have been changed from mining concept to the real mean of cryptocurrency for which it has introduced. Bitcoin has gone under multiple hard and soft fork and every time the new coin generates.

The intensive increasing awareness and interference of external body have changed the concept of bitcoin to some extent now. wherein starting the personal computers are enough for mining now it is replaced with top-level costly hardware machines.

As the mining level goes high the difficulty level increases and it has made mining impossible to execute from home using PC hardware. This is only made possible when you have extremely low-cost electricity and cold climate to mine for few months.

The concept of cloud mining came into existence to cut off the high cost involved in mining. To deal with all the expensive gears in mining. The cloud mining idea quickly attracted all the small miners who cannot afford the expensive mining cost.

The companies offering the bitcoin cloud mining services are mostly a scam. So, you need to be extra conscious before you enter the world of cloud mining. Making a smart move by choose the top 5 bitcoin cloud mining companies and then research well on them.

The china is the most popular country when it comes to mining. There are several companies based in China that are doing serious cloud mining and earn good profits out of it. Try to understand the core of mining and every pros and con when you are going to get yourself in group mining.

It can be assumed that when the price of bitcoin grows you will be making handsome amount as well as mining company you are associated with. If the price fall for BTC there is no profit to mine and you will earn nothing out of it. So, it’s not always sure you get profit all the time similar to the game in the casino where luck can make you good money.

now I introduce a new mining technology (SCAVO).

What Is SCAVO Technologies

SCAVO Technologies is a company established in Argentina specialized in the construction of telecommunications data center infrastructure for crypto mining, using renewable resources. Formally founded on August 1, 2017 as a result of 2 years of research and development of proprietary technology that together allow the energy self-sustainability of the entire crypto mining complex.

Through the Initial Coin Offering (ICO), SCAVO will build the large-scale crypto mining farm of bitcoin and altcoins, in a self-sustaining manner and put it into production according to the deadlines stipulated in the roadmap.

The SCAVO Token will be entirely backed by the mining hardware as well as by other equipment that is part of the renewable energy generation plant that will exist in a real physical place generating crypto assets 24×7.

The SCAVO Token is based on a smart contract on the Ethereum network. It is an ERC-20 token, the de facto standard of today′s tokens.

Each acquired token allows the holder to access the utilities produced based on the models of operations stipulated in the whitepaper. In this way, the owner of the SCAVO Token acquires the right to receive earnings proportionally to the amount of token that he holds, for life. It is understood as such, to the period by which operating expenses do not exceed the profits to be received.

Once the mining farm is in production, all benefits of the mining operation will be distributed among the Tokens holders and the founders (who also hold tokens). The investment pays dividends from the first day the farm is in operation.

The amortization period for investors varies from three to ten months, depending on the stage in which they entered the project.

SCAVO is responsible for finding the right location for the farm and the power plant, buying the hardware, deliver it to the destination. Build and maintain the farm, set up their cooling system. Manage the internet connection service bills as well as to negotiate the interconnection with the existing power grid of the local energy distribution company to be able to inject the surplus generated energy (not needed for the farm) and be able to monetize it; and of course, any malfunction or problem that may occur during these processes.

As mentioned above, the SCAVO Tokens holders will receive dividends, through a lifetime contract, or more precisely, as long as the profits of the mining farm operation exceed the utility bills.

ACQUISITION AND LOGISTICS

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.

SCAVO Technologies will finance the construction of the entire system, which forms a mining center, through crowding, distributing SCAVO tokens during the initial coin offer (ICO).
The maximum amount that can be collected (defined as the Maximum Purpose in the technical document) during the entire ICO process (including PreICO) is $ 83.6 million.
The minimum amount (defined as a Minimum Purpose in a technical document) is $ 500,000.

88% - SCAVO tokens will be available for purchase during pre-sale to ICO (PreICO) and sales during ICO use the Crowdsale mechanism, which will last up to 108 days.

The remaining 12% of SCAVO tokens will be ordered as follows:

8% - reserve funds, legal advice, research and development.
2% - award for bounty program.
2% - for the founders and the SCAVO Technologies team.

For more information about the fund allocation process, and if you have questions about the Scavo Technologies project, you can find the answer from Whitepapper or by joining the Telegram group and asking them personally to the Scavo team.