Building a solid foundation for crypto mining
The uncertainty on profitability, either because of volatility or Proof-of-Work’s difficulty increase and its inherent energy consumption raise, has forced miners and manufacturers into taking different kind of measures.
Several mining companies are moving to countries where electricity is cheaper while some others are running towards green energy in order to eliminate electricity costs, manufacturers are trying to make ASICs more efficient as well, but what would happen if at some point there was no profitability at all? What if it happens for a month? Or three? Or maybe six months? Would all the companies running mining operations just close or suspend their activity?
Everyone into cryptocurrency mining gets goose bumps just from thinking about it, but uncertainty won’t go away for a while. The solution we found at Togacoin relies on market diversification. This innovative idea allows us to always stay one step ahead of other similar realities in which mining is not supported by renewable energy and/or other profitable activities. If there are other activities being carried out, you have already built a foundation to go on, as well as a better chance to increase general profitability. This is the reason why we describe ourselves as a Multi-activity Data Center.
A MULTI ACTIVITY DATA CENTER
The following statements are based on our best case scenario, our hardcap. (See the “Use of Crowdsale Proceeds” section for the various hypothesis)
The data center will be an anti-seismic prefabricated building, built on roughly 30,000 square meters with a starting size of about 3,500 square meters (expandable). 2,000 square meters will be dedicated to the cryptocurrency systems with an intelligent autoswitch system developed by our team; the autoswitch can instantly identify the most profitable currencies. The remaining part of over 1000 square meters will be used for hosting/housing activities (something we have been doing with reliable success every day during the last 20 years at GIGA.IT and MISTERDOMAIN.EU), application design and development.
CRYPTOCURRENCIES MINING
Depending on the funds gathered during the crowdsale, various hardware lots will be acquired to carry out the mining activity, and installed in 2000 square meters. Proceeds originated from such activity will be distributed once per month to the TGA token holders only, as a service. The mining systems acquired during the crowdsale and installed at the D-Alix Data Center (or similar structures) will be moved within our premises once the data center is finished.
HOSTING/HOUSING
Of the remaining 1000 square meters area, 700 will be allocated to hosting/housing and services. 350 rack cabinets will be installed, each potentially hosting up to 14,000 servers. The rack cabinets and the servers will be acquired only once we receive requests from our token holders — thus, after the data center realization. It must be noticed that the payment and supply of these services will not use the crowdsale proceeds, but the TGA tokens: therefore, the access to such services will only be possible for the token holders. This activity is being already performed by one of our Companies present in Tenerife (part of the ZEC area — Misterdomain.eu).
APPLICATION DESIGN AND DEVELOPMENT
The remaining 300 square meters (starting from the third hypothesis in the “Use of Crowdsales Proceeds” section) will be allocated to administrative offices and application design/development. This activity is currently being carried out by a team of professional developers, actively working on the implementation of a new application. The final project to realize the first APP has been implemented already (see Whitepaper annex “B”). Services accessible via the developed apps will only be available for the TGA token holders.
ELECTRICITY RESALE
In case the mining activity becomes unprofitable, the energy produced by the wind farm will be resold to the national electricity grid. The wind farm will host 6 new-generation wind turbines (3,45-MW each).
Based on a rough estimate, the expected profit will be around 9 million dollars a year.
Calculation of the gross income deriving from the resale of electricity:
20,700 kWh x 24 hours = 496,800 kwh/day
496,800 kWh/day x 365 = 181,332,000 kwh/year
181,332,000 kWh/year x $ 0.05 (energy selling price to the national electricity grid) = $ 9,066,600/year
