Topic: [ANN][ICO]SwissCryptoMining==Mine YOUR Coins==Rig Housing&CloudMining,Shop,Pools (Read 822 times)

I think you should add it in the thread more details concerning technology

Please note that we might launch on ETC Chain and not on ETH Chain. Prices are not final - you are right, the exchange rate is currently far too high.
Current rate is more like a placeholder and indicator of the gap between worst and best price

Our goal is to set the token to a value, that we have around CHF 0.19 per kwh in worst case, so bit more than the regular price, and CHF 0.09 per kwh in best case, so less than current regular price.

Prices will be final and untouched in Whitepaper Version 1.0 from November 20.

Thanks for your interest and your calculations

So let me check if I understand correctly :


Starting price 1 SCM = 0.02 ETH Which is the worst case scenario :
At current ETH price that would put 1 SCM @ 6.33CHF
Pay for electricity with 0.1 tokens / kWh ... So that would put us at 0.633 CHF per KW/H !
So that would be like almost 4 times the price of 0.17CHF per kwh



Best case scenario (which by the way is very unlikely to happen ... ) :
From $ 850 million 1 SCM = 0.006 ETH.
At current ETH price that would put 1 SCM @ 1.9CHF
Pay for electricity with 0.1 tokens / kWh ... So that would put us at 0.19 CHF per KW/H
which is still more expensive than if I would pay for electricity the price of 0.17CHF per kwh ...

What gives ? How am I incentivized to buy SCM ?

Feel free to tell me if my calculations are wrong .. I suck at math anyways

We are still working on some legal parts on that side - so we currently cannot disclose all details on the Token Holder Benefits.
But we will clearify that at least 1 Week before the Pre-Sale starts, so at november 20. We are working hard to get all legal
clarifications done on time.


As you saw in WP, yes you can. Also you can pay for the maintenance fee too. In Future we may add other possibilities to use the coin


The price already is out as we sell them - our best selling 8x GPU Mining Rig is the "SCM.Cereus 8x" (GTX 1070 8GB) - CHF 5000 with open case, CHF 5250.- with 19inch 4HU Rack Closed Case. We have all hardware
in stock (currently 150+ GPU). We are a working company since more than 6 months now.

For ICO preparations, we closed the shop - but we accept order requests by email .



Yes power prices in switzerland are comparatively expensive, but we have an extraordinary stable powergrid and quality of power.

As we are working on large-scale deployment of 3M(TM) Novec(TM) Mining Racks, we will be able to sell over 90% of the generated heat as hot water (55 degrees). This will allow us to cut down
the power costs dramatically, and will allow us to go as near as possible to free energy prices for our customers. We will provide all advantages we gain with this technology to our customers.
Power Prices are billed on a monthly basis, so as soon as we are able to reduce the price - you will immediatly profit from it - as we dont have long lasting, prepaid contracts.

About the SCM Token: Token Holder Benefits will be released in the final Whitepaper on November 20 - we are still in some legal clarifications in regards of some parts of the ideas we had for
token holders. We really want to let every token holder, even if he only spent like $3 - have part of our success story and gain value with our companies value.

$0.12/kWh sounds like quite expensive even though for Switzerland it is clearly cheap.
But I don't really understand why anyone would have an interest in buying the tokens if they can then only be used to buy your services ONCE. People buying tokens would typically want to then own a little stake of your business. If it's only a matter of buying your services, why not pay directly in BTCs when you are already up and running?

Okay got one of my answers in the WP :

In the mining colocation, the customer owns the hardware, and also has the full
processing power available without restriction. Each month, 10 SCM tokens are charged
for the maintenance or provision of the Internet and the software. In addition, the power
consumption is billed transparently and charged for 0.1 tokens / kWh.

What benefits does the SCM token gives to holders?
Will we be able to pay for electricity and maintenance costs with it ?
What will be the price of 1 regular 8GPUs mining rig ?

Thanks

No, because on our tests - the NVIDIA cards outperform the AMD by far in terms of efficiency (not raw hashrate).
As we build the machines to run for at least 2 years, and calculate the ROI based on that lifetime - we found out that the
higher price of NVIDIA cards is by far compensated by their lower Power consumption.
Our NVIDIA rigs save up to 30% of power compared to the same hashrate on AMD. (For example Nvidia GTX 1070 - 30.5 MH/s @100W vs AMD RX 580 30-31 MH/s @ 150W)

But we actually do have an AMD Card supplier - so if there should be high demand for specific AMD Mining Rigs, we
could deliver them. We have RX480, RX570 & RX580 Test Mining Rigs in our locations - so we already built AMD based machines

You don't have any AMD based mining rigs ?

very interesting. may be you can work internationl.

Starting January 2018, its $0.12/kWh. But we will calculate the Tokens Value for ICO, that it will be less than $0.10/kWh if you buy SCM Tokens
during the ICO, the ICO reaches over 2/3 of its hardcap, and you use the tokens for paying the power costs after the ICO.

In the long run, so after 2018, we will be able to provide power prices far below $0.10/kWh thanks to the heat we will be able to use and sell
in large scale. (see whitepaper - immersion cooling system)

Most important factor in mining is power and I want to know how much the price per kwh in your location? I mean the location of your mining farm.

1. By increasing value after ICO by accepting it for a higher value than during the ICO ( you can pay services with SCM Token )
2. We want to add an Token Holder Reward. We are currently in the last phase of the legal confirmations, then we will publish the information.


No ownerstake in the company. But we will have Token Holder Rewards. The main use of
the token is for miners, so we want people to mainly use and not stake it.

Our idea is that is should be more affordable to pay subscriptions with our SCM Tokens compared to Fiat, because the exchange rate can give both parties flexibility
As you can see in our whitepaper here https://swiss-mining.ch/whitepaper.pdf , you will be able to pay all our services with the SCM Token.
So you will be able to pay for Cloud Mining Contracts, and for Mining Housing Contracts + Power Costs.

Final prices will be added to whitepaper on 20.11.2017.

The SCM Tokens will be the only payment method we accept after the ICO for our subscriptions besides bitcoin.

How will you share your success with this token?
What does the token represent?
A ownership stake of the company?
Or will the token be usable to pay your services?

OR

is it just another token that says
"Owner of this token donated $"  (and the owner hopes some fools will start to trade this donation receipts)

Regards Aspi

https://swiss-mining.ch/img/logo.png
Swiss Crypto Mining


** BOUNTY THREAD COMING SOON - Thanks for any help in advance ***

** This Thread will have localized versions. We will open a German and a French Version of the Thread - there will be no more, as we dont have support members speaking more languages **
** The Whitepaper will be translated in 10 languages so anyone can understand our concept and ask us questions in english, german or french **
** Is there anyone who could help us posting images here on BitcoinTalk so we can make this thread look a little nicer   **

** Changelog **
- 2017/11/10 - Upgraded Whitepaper (English) to Version 0.9
- 2017/11/10 - Upgraded Whitepaper (German) to Version 0.9
- 2017/11/10 - Changelog added

What is Swiss Crypto Mining?
We are a Company based in Switzerland, founded in May 2017. We already have more than $100 million sales this year - only with our existing website and Shop and our existing network of partners.
Our goal is to make mining available to everyone, to keep the entry barrier as low as possible, and at the same time to set the hurdles for centralization as high as possible.
We believe the key to success lies in the simplicity and usability of Mining Software for everyone and not just for IT Nerds.

As you will read in our Whitepaper, we worked hard to have the best offer out there that is possible.
Because we have fairness in mind, and we really stand behind the idea of Proof-of-Work - not behind the idea of making fast money with crypto.

Why Swiss Crypto Mining ? There are sooo many of them cloud or whatever mining companies coming up...
What sets us apart from our competitors is our quest for perfection. So we did not just build a mining farm with tons of cash as almost everyone these days,
but first dealt with all aspects of mining. Which hardware should we use? Which cryptocurrencies should we mine?

How can we make a miner easier to use? So right from the start, we set up our own Linux distribution instead of simply using an existing solution, such as ETHOs, SimpleMining or others.

We are setting up our own mining pools, and we also want to develop our own mining software. We're also actively researching hardware - and will soon be able to build GPU systems without the "PCIE riser cable" used in mining. We actively research in every area of mining - whether software, hardware, facilities, cooling systems, or even new use cases for GPU Mining Systems. All of our knowledge, we share for free with the community (free software) - because we wholeheartedly support the basic idea of crypto - and that is not the quick money - but the redistribution of capital as you have not yet seen the world.
Money will flow to people who would not have had a chance without a crypto. And thats what we want to support and push with our company and our services.

Read more about us and our motivations in our Whitepaper.


Why a token sale (ICO)?
Although we are already an existing company, with a working business model and existing customers, the further development and research we want to do in cryptomining,
is very costly and time consuming. Thanks to a stronger team of software developers, Linux experts and hardware specialists, as well as many other talents on board - we will be able to achieve our goals.
To build this extended team, as well as a basic hardware stock for private customers, as well as basic infrastructure for up to 100,000 mining rigs, we need additional funds.

The Tokensale gives us the opportunity to share our success with the people around our company, as well as customers and the entire cryptocurrency community, compared to a traditional investor.
We want to allow as many people as possible to participate in the Tokensale instead of a few big investors.

Thanks to the SCM token, our customers will also be able to get mining contracts and maintenance contracts for their own mining rigs on the best terms. And thanks to our planned Token Holder Reward, our token holders will also be able to benefit from the success of our subscriptions in the future.

Overview of Token sale
Beginning on November 27, we will release 90% of all tokens on sale with the SCM symbol for sale, and 10% of the tokens will remain in the ownership of Swiss Crypto Mining.
The tokens will be in 2 phases, a 7-day pre-sale for investors, as well as a public tokenale for anyone interested from an investment of only 1 token a around 3.- (0.01 ETH).
The presale will take place from 27th November to 2nd December 2017. Minimum investment is 50 ETH, or an appealing equivalent (CHF 15,000). The pre-sale is open for max. the seven days, or until a hardcap of $ 100 million (333.333 ETH) is reached. In pre-sale a total of 66'666'600 tokens of 0.005 ETH each are issued. All tokens not sold in pre-sale are destroyed (burned)
The open Tokensale takes place from December 2nd as an auction for a maximum of 4 weeks. There is a hardcap of $ 900 million (3,000,000 ETH). In order to keep the price of the tokens as well as the sales process as fair as possible, there will be an auction. All TokenSales participants will receive the tokens for the same course at the end of the auction. The course depends on the income:
Starting price 1 SCM = 0.02 ETH
From $ 10 million 1 SCM = 0.015 ETH
From $ 100 million 1 SCM = 0.01 ETH
From $ 500 million 1 SCM = 0.008 ETH
From $ 850 million 1 SCM = 0.006 ETH.
So a maximum of 500'000'000 SCM tokens will be issued to 0.006 ETH. All non-selling tokens are destroyed (burned).
Thus, the maximum token supply after the tokenale is a total of 566,666,600 tokens.

There will be no Bonuses for early birds, and no Referal Bonuses. Everyone will get the same amount of tokens (exchange rate) in the round they join.

*** We will add further explanation to why we have decided for the $1 billion total hardcap and the auction system ***


GPU Mining
Most of the more than 800 different cryptocurrencies relies on algorithms that can not be deliberately solved on ASIC chips. To mine these cryptocurrencies, more than 90% graphics cards (GPU) are used, and in isolated cases also processors (CPU). The GPUs are by far the strongest chips that can be used to mine cryptocurrencies that do not have an ASIC chip.

Current GPU mining systems we offer
SCM.Cereus - GPU Mining System with 5-8 Nvidia GTX 1070 8GB GPUs (Optimized for Ethereum and Forks)
SCM.Lotus - GPU Mining System with 5-8 Nvidia GTX 1060 3GB GPUs (Optimized for Zcash, Monero, ETH Forks)
SCM.Sequoi - GPU Mining System with 3-6 Nvidia GTX 1080 Ti 11GB GPUs (Optimized for Zcash, Monero)

Alternative applications for GPU systems
The biggest advantage of GPU Mining systems is that they can be used for tasks outside of crypto currencies and blockchain with the configuration as we deliver them.
So the GPU Mining Rig can also be used for remote CAD applications, calculations for mathematical problems, simulations, u.v.m. be used.

For example, if you own two miners at Swiss Crypto Mining, and become an independent architect one year later, you can convert one of the machines to 1-2 CAD workstations without any major investment - or even use it as a remote station.
In 2018, we will expand our range of remote services and, together with our customers, test various scenarios such as the aforementioned CAD etc, and then include them in our offer.

ASIC Miner
We are against ASIC mining in its current form and will therefore only offer it to a limited extent. But we absolutly support Bitcoin (SHA256) and Litecoin (Scrypt) as currencies, and want to contribute to their network security. Currently we rely on Bitmain - but keep an eye out for new devices. (input? [email protected]).

The basic problem is the centralized production and the lack of flexibility that is currently necessary, because the coin of the future is not yet found. Therefore, we currently regard the GPU as the appropriate means to advance decentralization. On the one hand, the GPU is already present in many PCs, and few GPUs can be purchased cheaper than an ASIC. As well as the manufacture is much more decentralized. The best GPU Chips for Mining may be produces by only two manufacturers Nvidia and Amd - but they have many subcontractors like Asus,Gigabite,PNY,MSI - and those sell their cards to stores. So GPUs have better, local availability compared to Bitmain ASICs and most of their competitors. On the other hand, scaling for large data centers is more difficult with GPUs than with ASICs - so the entry threshold is higher. This would have to be achieved with ASIC.

However, we certainly see the potential in asic chip technology. If we look a bit further into the future, where Bitcoin has become gold and Altcoin currency, or a common algorithm, we could develop an ASIC chip that costs as much as Pi Zero ($ 5) and so on the mines would be available to anyone, and a solution for counteracting centralization (which does not make someone huge farms of the $ 5 miner and has the advantage), as well as a freely available chip which can be produced by different manufacturers (analogous to Raspberry Pi) the ASIC superior to the GPU. We will therefore research in detail and deal with it.

We will order some units of the new project "Obelisk", and put into operation on summer 2018. So from then on SiaCoin and Decred Cloud Mining with Obelisk will be possible. Alternatively, we can accept or buy Obelisk for a colocation offer at the request of a customer.

https://obelisk.tech/index.html

Case and rack development
Together with our partner, we have developed in months of work and several revisions of prototypes - own 19-inch racks, as well as matching, 4U 19-inch bays for GPU mining systems.

These will be available from January 2018 for sale through our shop for CHF 259.-. All customer machines are optionally equipped with these cases (available as an option in the shop). The use of these enclosures increases the life of the components enormously and increases their performance through less downtime thanks to less maintenance and fewer failures due to possible damage.

The cases can accommodate 8 GPU. These can be screwed tight, so that they have no room for movement. Included in the housing are 4 Noctua fans with 260m3 / h throughput each - so the hardware is also properly cooled.

A fixed mount for an SSD is also available, as are all fixings for a standard ATX motherboard and a power supply.
Upon request, we can produce from a batch of 100 pieces on modified versions of the housing according to customer requirements. [email protected]

Cloud mining
Since the entry threshold of at least $ 3000 for a GPU Mining Rig, and around $ 2000 for an ASIC is currently too high for many people, we decided to build a Cloud Mining offer. However, we want to stand out clearly from other offers, because we disagree with the practice of many cloud mining providers. Therefore, only cloud mining contracts with a capacity of max. 1 GPU Mining or ASIC Rig available. A cloud mining contract can also be upgraded to a housing contract at any time, meaning that the machine has been completely purchased and all the hashrates have been unlocked.

Contracts only 30 days, on request with automatic renewal up to 24 months. Canceled at any time. Coin change not possible.Transparent billing.

Mining rig housing & colocation
You own the hardware - so its your Mining Rig - you can do whatever you want with it. In case we would not be able to run it because of any financial trouble, you are safe in terms of you still own the hardware and can run it elsewhere. With your own mining hardware, you have better return, many more opportunities.
We are working on an optional hardware insurance to cover any damage directly. Until then, we pass on the manufacturer's warranty, and reserve the right, if possible, to replace hardware in some cases by goodwill. However, we can not guarantee this at the moment. To ensure maximum lifetime, we handle all hardware with care and have a customized infrastructure for GPU Mining Rigs.

Monitoring and maintenance
To ensure that the miners work and can be repaired or replaced in the event of a breakdown, a local team is available to inspect the equipment regularly to troubleshoot hardware and cooling issues. In addition, the customer has the option of checking his hardware at any time via the Web Dashboard (see Software Development). Information about the temperature, fan performance, hashrates and power consumption is available live at any time and per Mining GPU or ASIC device.

According to our warranty guidelines, we guarantee an uptime of 99.9% of miners per month.

Services - Our selfmade Dashboard for Customers
In order to offer our customers the most seamless and visually appealing way to manage their mining contracts and rigs, we have developed our own web dashboard, which is integrated directly into our website.
This offers, among other things, various information about the hardware used:
• Host name of the computer
• Temparatures of graphics cards (GPUs)
• Coins to be mined
• Wallets that are active
• Performance (hash rate of each individual GPU or ASIC)
• Power consumption of each individual card, as well as Total
• Status of each miner (online, maintenance, offline)

Thus, in comparison to other cloud mining providers, a complete transparency up to the hardware used is guaranteed. It can also be ruled out that payouts that are declared as mining revenues come from other sources (eg the money of new members - ie Ponzi Scheme)
In addition, it is also possible via the dashboard to make settings:
• Coins and Wallet addresses per Rig adjustable (Coin - 1x per 24h, Wallet - 1x 1h)
• Choice of over 50 coins (see currencies)
All settings are protected by default with 2 factor authentication. So every change to a coin or wallet must be confirmed by e-mail. We will also include the Google Authenticator.

SCM. Mining OS
Based on Ubuntu, we have built and developed our own mining operating system, which also connects to the dashboard.
Thanks to our OS, miners are always up-to-date in terms of software, but also tested and stable. Benefit from improvements that can significantly increase their service life and operating time.

The Mining OS will also be available for sale from the beginning of 2018, so that even private users with individual Mining Rigs, or other larger farms, can benefit from our Mining OS as well as the optional connection to our Dashboard.

In addition, with the public launch of the Mining OS, including all the miners we use, we will be releasing Ubuntu PPA on Launchpad - so that users of other Ubuntu installations can benefit from this offer as well - and in a simple way, always the most up-to-date miners have available.
https://launchpad.net/~ubuntu-miners
https://launchpad.net/~swisscryptomining

Mining Pools
We will provide pools for all cryptocurrencies we mine. We will partner with other pools to install a hedge at 30% (tested live on each block). Other Hashrate is automatically distributed to other pools - following the same pattern. So again max. 30% to one pool, then a second. We will search for 5 partners per pool. So it would be possible for coins with small networks that 100% of the hashrates goes through our server, but is automatically distributed to 5 servers and thus automatically decentralized.
Pool admins who would be interested in a partnership can feel free to contact:
[email protected]

We will initially have 4 regions for each pool:
eu.coin.swiss-crypto-mining.com (location Switzerland)
us.coin.swiss-crypto-mining.com (location USA - California)
asia.coin.swiss-crypto-mining.com (location Hong Kong)
africa.coin.swiss-crypto-mining.com (Location - South Africa)

On request and with sufficient demand, we also check other locations for our pools. Inquiries for locations can be addressed directly to us by e-mail - we are opening a location for 50 machines or more
[email protected]

The Swiss Crypto Mining Team
Countless volunteers have already supported us on this journey. After the ICO we will be able to expand our team even further. That is why we present the founders and current divisional managers here. A current portrait of all employees can be found on our website.

Ueli Meierhofer - Managing Director & Founder
Nathanael Kammermann - CTO & Founder
Rony Schurter - CEO
Silvan Gebhardt - Head of Network Infrastructure
Bandar Garski - Head of Customer Service
Adrian Hächler - Workshop Manager

Conclusion
We at Swiss Crypto Mining are convinced that cryptocurrencies are the means of payment of the future and that they will prevail against the current Fiat money systems in the long term. Furthermore, the underlying blockchain will probably fundamentally change all sectors, just as the internet did just a few years ago.
Our goal is to make mining available to everyone, to keep the entry barrier as low as possible, and at the same time to set the hurdles for centralization as high as possible. We believe the key to success lies in the simplicity and usability of Mining Software.

With our SCM token sale, we hope that a large number of people will have the opportunity to benefit from our long-term success and growth. Together, we will make the world of cryptocurrency and cryptomining accessible to many more people and bring about fundamental change.
Our vision is to become the market leader in cryptomining to ensure that this new industry, and the resulting value creation, is in the hands of as many people as possible,
rather than owned by a few corporations that shape it for their own purposes.
Be part of our success story and join the token sale. We look forward to welcoming you to join us on an exciting journey into the future.