Cryptocurrency: ENVION : World’s Most Profitable Standard of Self-Expanding Crypto Infrastructure

GLOBAL ENERGY FRAMEWORK

THE CHALLENGE

The crypto mining business model is highly dependent on the energy supply. The price and availability of electric power are the two most important factors for mining companies. On a macro level, the hunt for cheap energy has lead to a concentration of mining operations in countries with low socio-economic and environmental standards, and therefore cheap fossil electricity. As a negative consequences of this low-cost, “dirty” energy, the mining of cryptocurrencies significantly contributes to climate change. The concentration of mining operations in a few authoritarian countries meanwhile, undermines the distributed ledger system and increases the risk of manipulations. On a micro level, miners have become vulnerable to energy price fluctuations and regulatory changes. The competitive advantage of many companies in this sector depends on the willingness of a handful of regimes to tolerate cryptocurrencies, keep energy prices low and maintain friendly regulations. That is, obviously, the business model of an industry in its early stages. Next generation mining operations will be climate friendly, more resilient against local price fluctuations and regulatory changes, more profitable and more decentralized. Consequently envion’s technology-driven business model, which combines green energy sources with economic viability on a global scale, is part of this next generation.

DIGITAL ENERGY CONSUMPTION

The IT ecosystem is one of the largest consumers of electricity worldwide. It consumes about 1,500 TWh per year of electricity – enough to equal the power generated by Germany and Japan combined - or almost 10% of the electricity generated worldwide1. Within the sector, cloud computing alone accounts for 416 TWh2,3, roughly equivalent to the carbon footprint of the entire aviation industry, and it is growing fast: cloud computing doubles its energy consumption every four years. By 2020, it will grow to 1,400 TWh annually and could surpass China and the US, the world’s biggest electricity consumers, by 2030. Within the next decade, electricity might become a scarce resource, putting upward pressure on prices, if not globally then in certain places at certain times. The source of this bottleneck is the grid rather than power generation4. The fastest growing application in cloud computing is cryptocurrency mining. The amount of energy consumed by Bitcoin and Ethereum exploded within seven years from virtually zero in 2010 to 19.2 TWh in 2017 – matching the energy produced by Iceland or Puerto Rico 5. The energy efficiency of ASICs and GPUs has risen quickly, but it has been outpaced by the increase in transactions and market cap. While this exponential growth provides excellent opportunities for miners to earn rewards, the power consumed by the information technology ecosystem also increases competition for energy. Only those with safe access to affordable electricity can put their chips to work.

THE ENVION APPROACH

OUR VISION

We believe that system innovation is imperative in order for cryptocurrencies to gain mass acceptance. We believe that future mining operations need to be decentralized to reduce their dependency on regulations from single governments, powerful individuals, and fossil or nuclear energy.

Future crypto-mining operations need to reduce the systemic risks that result from being bound to certain coins or mining pools. Thus, envion strives to hand the decisive power back to the crypto-community. It must be possible for individuals to take part in crypto-mining without tremendous investments in hardware and technology. Besides broad ownership of mining operations, envion strives to involve the community in making decisions about key mining decisions. We therefore strive to reduce the hurdles for larger audiences to take part in the crypto-community.

By offering anyone the ability to take part in securing the future of the blockchain technology, envion is laying the foundation for the future of crypto mining by designing highly mobile low-maintenance mining units and by offering our community the right to vote for mining locations and for coin choices.

OUR APPROACH

The technology that envion has developed represents the next generation of data centers — modular, mobile, flexible, low-maintenance, data-driven and therefore designed for the challenges of the future.

Our flexibility strategy is based on three technologies:

Our decentralized Mobile Mining Units (MMUs) offer industry 4.0 automation with little maintenance, are completely modular and have a scalable design. They manage a variety of electricity sources and are able to adapt to different climate zones. Built in a 20ft standard intermodal container, they have a proprietary, highly efficient and failsafe cooling system, an intake of more than 100 KW (depending on configuration) and can turn energy into cryptocurrencies or alternative data applications (for details see The Mobile Mining Unit, page 18).

Our central hub or Unified Mining Cloud (UMC) manages the automated, decentralized operation of mobile mining units worldwide. It supports our Mobile Mining Units (MMUs) in finding the optimal mining strategy depending on the traded price of the cryptocurrency, mining difficulty, real-time energy price at location, hardware generation and many more factors. Besides data aggregation, control and optimization of MMUs, our UMC is also handling and supervising all service & maintenance operations throughout the envion network.

Our global Smart Energy Sourcing (SES) identifies and secures locations with low energy prices. It is a database that we develop in a continuous process in cooperation with one of the most renowned scientific institutions for renewable energies in Germany. It combines knowledge of price structures for industrial users, feed-in tariffs for renewables, discounts for on-site consumption, grid fees, taxes, levies and exemptions - a proprietary, multidimensional system that 14 helps us to identify the most efficient locations for processing data and mining cryptocurrencies.

Together, MMUs, UMC and SES build a complementary system: SES software helps us to identify the most efficient renewable energy sources around the globe, while the MMU technology allows us to direct computing power to exactly these spots in order to build a decentralized and robust system that turns geographical flexibility into global cost leadership.

The global cost leadership of envion relies on an exceptional data-based capability: with the help of SES we don’t just identify attractive energy environments by country. We zoom into the micro level to find the most efficient grid locations - directly at a transformer, a wind farm or a PV park. Furthermore, we know exactly whether the jurisdiction allows this on-site approach to avoid grid fees, levies and taxes on energy transportation. This surgical precision exploits the imbalances of the existing energy system.

SYSTEM OVERVIEW

Based on a fully ISO-certified 20ft intermodal (sea) container, our mining unit represents a highly mobile crypto-miner that universally fits into internationally standardized transportation systems. Our design and engineering experts have made every effort to maintain the unit’s flexibility with regard to stacking and arranging multiple units to create an easily-accessible data center array. The sea container design assures cost-effective logistics by giving access to standardized international transportation and storage systems. Our strictly modular design allows for physical stacking and parallel connection of several units.

Zoom in from Unified Mining Cloud connecting the MMUs to smallest entities

Even at the container’s maximum gross weight, our units can be moved and stacked freely by means of simple fork-lift trucks that are capable of lifting 3 tons of weight.

The Mobile Mining Unit (MMU) is contained within and includes the sea container, along with the complete system of racks, doorman, satellite-communication, relays, energy measurement & safety devices, mining optimization and central management system (UUC), remote control units and networking infrastructure for secure communication & uplink.

Based on industry 4.0 standards, our goal for the first generation of the MMU was that it can work autonomously and therefore can be placed anywhere in the world. The only requirement for the MMU to begin operation is energy.

Upon connection to a suitable power source (see below), the MMU automatically searches for an internet connection via multiple failover data links including WIFI, LTE or satellite connections (including automatic unfolding, scanning & bearing of the satellite antenna to locate and connect to the appropriate satellite) with the help of the Automated Internet Connection (AIC). Once found, the available internet connection can initialize any attached envion workers (rigs and ASICs) and brings the whole MMU, its IP addresses, and its status monitoring of controlling system units (temperature, power, fan speed) online. When the workers are fully-initialized, they quickly start to mine and report to the envion environment.

The MMU is completely automated and does not require manual interaction for daily routines. All of this is achieved by modular control systems, which are connected and supervised by the UUC (Unified Unit Control). The UUC is the brain of the MMU: it receives the information of all associated and connected IoT devices, brings them together, and controls them at various levels.

ICO DETAILS

The EVN token is an ERC-20 standard-based Ethereum token. EVN tokens grant their holders the right to:

1. receive 100% of the earnings of our proprietary mining operation in two steps:

• 75% payed out immediately

• 25% reinvested to boost future payouts

2. receive 35% of envion‘s earnings from mining by third-party operations

3. voting and veto in important decisions of the company’s strategy

Tokens will be offered for 31 days, starting on December 15th, 2017 and ending on January 14th, 2018.

EVN ICO is conducted by envion - the first mobile - mining solution in the world - targeting energy at its very source. The offering will be open to the global public. Restrictions apply for residents of Germany and US-based investors.

Token Issue Volume max. 150 millions tokens not distributed shall not be generated

Token Price at Issue 1 USD

Distribution 83% token holders

10% founder team

5% envion AG as reserve

2% bounty program