• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
MoonLite Aims to Dominate the Cryptocurrency Mining Industry with Green Energy

MoonLite Aims to Dominate the Cryptocurrency Mining Industry with Green Energy

Bitcoinist by Bitcoinist
5 years ago
in Sponsored Article, Altcoin News, Bitcoin, Mining, News, News teaser
0

The MoonLite Project aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy – with plans to primarily mine Bitcoin, DASH, Litecoin, and Ethereum.


Big Dreams, Bigger Reality

The MoonLite Project has set out to become the dominant cryptocurrency mining company in the world by utilizing the latest emerging technology, operating as efficiently as possible, and utilizing an industry-leading team of experts.

Most importantly, however, is the fact that MoonLite will be entirely powered by 100% sustainable, green energy. Energy consumed by MoonLite’s data centers will be generated using hydro, geothermal, and wind resources – and will utilize a contractual supply of the cleanest energy available at a multi-year fixed rate.

MoonLite also takes advantage of a variety of emergent technologies, including but not limited to artificial intelligence and sophisticated, custom-built algorithms which work together in order to help the data centers run at maximum efficiency – thus maximizing profits.

A Match Made in Iceland

MoonLite’s first mining operation will take place in the data center capital of the world: Iceland. In the Nordic nation, the average tariff for industrial connections is a mere 0.043 USD per kWh. As an added bonus, extensive cooling infrastructure is rendered unnecessary by the naturally cold Icelandic climate.

MoonLite has already agreed to energy production contracts with two Icelandic producers, guaranteeing the full 15Mw needed to conduct its operations. Additionally, further contracts with the necessary transmission company are in progress and have already been secured. On top of that, MoonLite has entered into purchase agreements for the desired land in Keflavik.

With the wheels in motion, Moonlite is set to be the third largest data center in Iceland – a statistic which includes cloud, storage, and HPC centers. When it comes to cryptocurrency, MoonLite will be the largest in Iceland.

An Expert Team

MoonLite also has an industry-leading operational team which oversees and maintains smooth operations of the massive data centers, in addition to an experienced and highly-qualified board of advisors who assist in the planning and effective execution of the company’s data centers. Only the most qualified and most talented individuals are invited to join the MoonLite team.

Where do the Proceeds Go?

MoonLite’s mining proceeds are split into three categories.

First, a percentage of proceeds are liquidated into fiat currency in order to cover operational costs, ad-hoc reinvestment into operations, and to engage in other cryptocurrency and blockchain investment opportunities.

Secondly, a percentage of proceeds are retained and kept in cold storage for the purpose of appreciation and investment value. A lesser percentage will also be traded by a team of in-house expert cryptocurrency traders who can all but guarantee maximum returns.

Finally, a certain percentage will be used for scheduled equipment purchases and the further expansion of operations.

The ultimate ratio will be decided by a vote from token holders but will start with 60:20:20 as a base.

Time Is Running out for the ICO

Time Is Running out for the ICO

MoonLite’s ICO is currently live and is set to end in less than two weeks.

MoonLite is set to begin operations in August 2018 at which time it will start its journey to becoming the largest cryptocurrency mining companies on the planet.

You can learn more about the MoonLite project, peruse the whitepaper, check out its industry-leading team and get invested on its official website.

What do you think of MoonLite’s journey to becoming one of the largest cryptocurrency mining companies on the planet? Let us know in the comments below!


Images courtesy of MoonLite

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin with Massive Profit Potential, Drawing Crypto Whales to Predict 10x Returns for Investors

Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin with Massive Profit Potential, Drawing Crypto Whales to Predict 10x Returns for Investors

7 hours ago
Exploring the Meteoric Rise of Mooky: Could It Be the Next Game-Changing Crypto Success Story like Dogecoin (DOGE) and Shiba Inu (SHIB)?

Exploring the Meteoric Rise of Mooky: Could It Be the Next Game-Changing Crypto Success Story like Dogecoin (DOGE) and Shiba Inu (SHIB)?

7 hours ago
Discover the Next Big Thing: Mooky.io Presale Boasting Fair Distribution and Community Engagement

Discover the Next Big Thing: Mooky.io Presale Boasting Fair Distribution and Community Engagement

10 hours ago
3 Alternative Meme Coins To Dogecoin with long term growth potential

3 Alternative Meme Coins To Dogecoin with long term growth potential

12 hours ago
Svenska Casino – Allt om spel hos casinon i Sverige

Svenska Casino – Allt om spel hos casinon i Sverige

14 hours ago
Revolutionizing the Future of Exchange Tokens: How BTEX is Pushing the Limits of Gamification

Revolutionizing the Future of Exchange Tokens: How BTEX is Pushing the Limits of Gamification

16 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    7 hours ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    7 hours ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    10 hours ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • ron ron token desantis

    The Ascending Trajectory of $RON: Setting the Pace for...

    5 hours ago
  • TMS Network (TMSN) Gives 3000% Profit To Investors While...

    5 hours ago
  • Why are Aptos (APT) and Cardano (ADA) investors shifting...

    5 hours ago
  • Can DeFi Utility Like Uniswap(UNI) Be Possible With...

    5 hours ago
  • Bitcoin Whales Are Diving Into DigiToads as Memecoin Season...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.