As interest in cryptocurrency grows, the mining process has become more industrial. Economies of scale may make industrial crypto-mining more cost-efficient due to the volatility within cryptocurrencies. The question remains how to mine in a sustainable and low cost way. Moonlite may offer one possible approach. One of the most promising projects out there is the Moonlite project. Moonlite is “a new-generation, industrial scale crypto-mining operation that is focused on eﬃciency by employing artiﬁcial intelligence and custom algorithms, and proﬁtability by using low cost and clean energy sources.”
The Moonlite project is planning to be a green crypto mining project on a global scale. Digital currencies such as Bitcoin, Bitcoin Cash, Dash and Litecoin will be mined exclusively with low cost, sustainable, green energy.
Blockchain investor, advisor and influencer Oliver Isaacs comments: "There are several reasons that make Moonlite stand out like their strong core team and advisors, strong data centers, trusted security system and much more. One benefit of Moonlite is the fact they offer a share of profits to their investors. Similar to other tokens such as Celsius, SkyChain, Altair, Lendo, this project also includes talented team members for the successful operation. Moonlite have the most efficient data centers with outstanding construction, configuration, cooling, and mining efficiency. They will also be using advanced algorithms and artificial intelligence to ensure the smooth running of the operation. Moonlite are essentially the last company who will have power in Keflavik. Moonlite will be the 3rd biggest data centre in Iceland, including the conventional cloud, storage, HPC centers. They will also be the second largest DC for mining operations because the largest, Advania, hosts machines for many companies and are effectively a 'rent our DC space' company. They don’t actually mine themselves. If you are looking to invest in any ICO that has the potential to offer strong returns, then investing in the Moonlite project would be a wise decision."
Moonlite will allocate 35% of its annual net profits to its buyback campaign. This is where the organization purchases back its MNL tokens from token-holders at the trading price and additionally each tokens profit share. All repurchased tokens will be "burnt," therefore reducing the supply and increasing each token holder’s share of the total supply of MNL tokens. This also allows the net value of the token to increase over time. Token holders also have a vote in all corporate actions, profit distribution, expansion, directors, executives and the like, using the secure vote system.
Different strategies of the project
· Mining of the largest and most stable currencies by utilizing efficient and effective equipment
· Aggressive expansion and equipment replacement policy
· Redundancy built into every system
· Proceeds splits into a ratio of 60:20:20
· Mining in different pools and local in-house nodes for each of the currency
· Minimize the power and HR costs
· Mining in areas having low power cost
Moonlite plans to be an efficient and green mining venture that will operate at an industrial scale. There is strong potential for Moonlite and by using the most advanced technologies in blockchain, operated and managed by an experienced team spearheaded by their founder Eric Kriege, Moonlite looks well placed to be at the forefront of the blockchain mining industry.
Anthony Ha is a senior tech writer in Japan, where he covers media and tech startups.© Japan Today