Please finde the frequently asked questions and answers here.
1. How does a SAM Cube work?
SAM Cube is a modular, fast-mountable cube consisting of an aluminum case and a ventilation system adapted to its use. The first two models are a 4x2x2 meter cube (SAM Unit 1) and an 8x2x2 meter cube (SAM Unit 2). Both models can either be prefabricated or assembled on site within a very short time. Thanks to an annual average temperature of below 15 degrees Celsius in the Swiss mountains, the SAM Cube does not need air conditioning systems, and it makes use of the natural conditions with its tailor-made ventilation concept for cost-effective cooling of the mining facilities.
One (SAM Unit 1) or two (SAM Unit 2) roof fans combined with either two or four valve flaps with filter boxes provide an ideal air circulation. They ensure air circulation of up to 560 times per hour and are controlled by a room thermostat.
The SAM Cubes can be equipped with Asic or GPU miners, whereby a mixed model was chosen for SAM Unit 1. In the already functioning Unit 1 (4x2x2), 50 Asic miners are operated with a total capacity of 700 TH/s and several GPU rigs with a total capacity of 4000 MH/s. At this performance, currently about 115 ETH and 19 bitcoin are minted per year. SAM Unit 2 (8x2x2) guarantees twice this figure, with a total capacity of more than 1400 TH/s and 8000 MH/s, respectively.
2. What is the maximum supply of Sam tokens?
A total of 311’011’901 Sam tokens (100%) will be issued on the Ethereum blockchain using a smart contract. Sam will comply with the ERC20 standard and will be freely transferable on the Ethereum platform. These tokens will be the only Sam ever issued.
3. What can I buy with Sam tokens?
All services provided by SAE as well as the purchase of power and cubes can be paid in SAM tokens.
The SAM token can be used as a means of payment within the SAE mining and service universe and will be tradable outside the SAM platform on all relevant exchanges.
4. How much does it cost to rent a SAM Cube?
It is possible to rent Asic power for the mining process from SAM Cubes (payment with SAM tokens) or to rent the capacity of an entire cube. For the capacity of 14 TH/s, SAE charges a fixed fee of $4000 for 2 years and a service fee (operation and electricity costs) of 10% of the mining revenues, which are minted directly into the tenant's wallet.
SAM Unit 1 has 50 Asic miners with a total capacity of more than 700 TH/s and SAM Unit 2 has 100 Asic miners with a total capacity of more than 1400 TH/s.
5. How much does it cost to buy a SAM Cube?
SAE also sells SAM Cubes to companies or individual persons. Customers who buy a cube can obtain the necessary power from SAE and operate the cube on SAE’s premises or deploy the cube elsewhere. SAM Cubes are shipped worldwide.
SAM Unit 1 has 50 Asic miners with a total capacity of more than 700 TH/s and SAM Unit 2 has 100 Asic miners with a total capacity of more than 1400 TH/s. The price of SAM Unit 1 is CHF 240’000, the price of SAM Unit 2 is CHF 400’000.
6. What is the SAM ORC project?
The SAM ORC system is in the project phase. Organic Rankine Cycle (ORC) systems use the waste heat of industrial processes (through a downstream steam power process) to generate electricity and thus use the waste heat generated by the mining process to recover energy. The SAM ORC system exploits the fact that at high altitudes water has a lower boiling point, which leads to a much better efficiency in the recovery of energy from the waste heat of the miners. This allows SAE to reduce power consumption from the grid by up to 50% compared to conventional mining systems at lower elevations.
7. What sources of energy does SAE use?
8. What is the vision of SAE?
Out of its unique position as an experienced Swiss provider of blockchain technology and hyperledger-based business applications, Swiss Alps Mining & Energy strives to:
Swiss Alps Mining & Energy saves cultural assets from decay and links the Alpine regions with Industry 4.0.
9. How many buildings/power plants suitable for SAM Cubes are there in Switzerland?
Currently, in Switzerland there exist more than 1400 small hydropower plants and there are more than 400’000 buildings which are suitable as a location for SAM Cubes.
10. Why does SAE install its mining facilities decentrally in old unused buildings?
The specially developed and sophisticated SAM mining units (SAM Cubes) are placed in these buildings to make use of the ideal natural temperature conditions in the Swiss alps. The cubes do not need air conditioning systems, and their tailor-made ventilation concept for cost-effective cooling of the mining facilities leads to a reduction of energy consumption of up to 30% in comparison to similar installations at lower elevations.
Due to the decentralized distribution of the SAM Cubes, Swiss Alps Mining & Energy is able to offer as a partner hosting for decentralized blockchain networks. What is more, a World ID procedure is being developed on the SAM blockchain, which enables simple and worldwide KYC processing.
11. Why buy hydropower plants?
Swiss Alps Energy AG uses renewable energy only. Long-term whole-sale purchasing agreements and the management of the company’s own small hydropower plants allow for a highly profitable operation of the mining facilities. This is especially significant as energy costs account for a major part of the total cost of crypto mining, and traditional mining facilities predominantly use dirty fossil energy sources.
The planned operation of own small hydropower plants, which provide the SAM Cubes with their own grid, will reduce the costs for one kWh to $00.03 (3 cents), which makes mining extremely cost-effective.