Moonlite - The Green Cryptocurrency Mining

  Greetings dear followers and investors! Without slowing down lets continue to highly featured project examinations from where we left off and keep you crypto investors and my followers informed about the profitable and investable amazing high blockchain technology based and decentralized infrastructures and platforms. And this time we have a cryptocurrency mining solution to review, which uses the renewable green energy while producing hashpower. Let me to introduce Moonlite project that founded in early 2017 and here we go to review and learn the deepest details of what Moonlite will contribute to the mining industry and how it works.

  As dear followers know that i would like to review financial infrastructures oftenly. Because I believe that the blockchain technology has been created for the finance industry to make financial services and transactions easier and accessible for everyone. And there is an enormous electrical hash power that allows this blockchain based infrastructures to work. All of these blockchain based components and structures built on this electrical hash power. The Bitcoin networks hash power energy alone, consumes more energy than the Bulgaria. And also much power needed to cool the mining rigs. Cryptocurrency mining industry produces that necessary hash power through the professional mining devices, CPU s and GPU s. Mining has started even with smart mobile phones, recently!

  Moonlite project aims to set up its first data center with a capacity of 14.6 mW for the cryptocurrency mining in the country of Iceland where the average costs for the industrial usage of electricity is around 0.043 USD price rate for a kW/hour. This is an acceptable economic price for electricity and also there is no necessity for the cooling equipment costs in a cold country such as Iceland. Construction of that data center will start on April and mining operations will begin in August 2018 officially. This one and future data centers of Moonlite will use of 100 percent renewable and clean energy sources beeing generated from hydro and wind plants as Moonlite project founder and CEO Eric Krige said. Moonlite has also contracted a 12 year fixed cost energy supply contract with the Icelandic Power Producer at a discounted rate of the local prices.

  Moonlite is marking a new era to crypto mining industry that tackles the problems of crypto currency mining high power consumption and profitability. The company will take advantages of 100 percent sustainable green energy mining to extract popular cryptocurrencies such as Bitcoin, Dash, Bitcoin Cash, Litecoin and possibly Ethereum on an industrial scale for lower costs. The list will be expanded to provide more cryptocurrency diversity after one year from start up. The choice of the currency to get mined, and when to mine, will depend on the level of difficulty and the volatility of the currencies price. Moonlite aims to produce 8 million USD worth of mined cryptocurrency, monthly. 

  The income from mining will be divide into three parts. With a portion of the income, the expenses will be covered. Another portion of the income will be used as an investment in future mining equipment and infrastructural developments. And the other portion of it will be used for the hedge funds or to trade. The proportion of proceeds to allocate to each stream will be open to a vote on secure vote.

  Ethereum Blockchain and smart contracts based, ERC20 compatible Moonlite tokens (MNL) will be an investment instrument. While Moonlite expands its mining operations, MNL value will be increasing consequently. Moonlite plans on using 35 percent of its profits to buy back tokens on a yearly basis, to be burned and removed from the circulation. The decline in the number of coins is a natural consequence of rising prices in the future. 

  Moonlite is raising its funds that required to develop organically through the pre-sale and crowdsale. Presale is Live now to contribute at a rate of 1 Ethereum equivalent 1000 MNL with the opportunity of 50 percent bonus. You can contribute via Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple and fiat currencies through Visa, Mastercard. Minimum contribution amount is 0.1 Ether equivalent any crypto or fiat currencies. Crowdsale is set to run from 28th February through 15th March 2018. For more information you can take a look to Moonlite Whitepaper.

Official page of Moonlite  https://www.moonlite.io/
Whitepaper  https://www.moonlite.io/wp-content/uploads/2017/11/Moonlite-Final-White-Paper.pdf
Facebook  https://www.facebook.com/MNLCoin/
Twitter  https://twitter.com/MoonLite_ICO
Instagram  https://www.instagram.com/moonlite_ico/
Linkedin  https://www.linkedin.com/company/the-moonlite-project
Telegram  https://t.me/moonliteico
Bitcointalk  https://bitcointalk.org/index.php?topic=2712054

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Thank you so much for reading this. Have a nice day!