At Padoscoin we believe that crypto currency is the next step in the evolution of payments and value storage. It allows parties to not only transfer value to one another, but to avoid the unnecessary and typically high transaction costs of traditional intermediaries. The block chain technology that crypto currency is based on opens new horizons for society, communities, businesses, governments, and NGOs. There are countless ways to apply block chain that will enable us to run social networks, banking, e-commerce, insurance, and many other services in a safe, more efficient, and decentralized way – without the need for a central operator or other intermediary.
Blockchain is interactive technology. It relies on participation. The very essence of the block chain is continuous cooperation between participants around the world. One of its key features is the continual verification of transactions. This is how crypto currency is “mined”. In exchange for participation in the verification of transactions, participants are granted a certain amount of newly-generated (“mined”) crypto currency. This is what Padoscoin will do for its Community on an unprecedented scale. At Padoscoin we believe in turning sustainable green energy into crypto currency by means of crypto mining. Crypto mining is highly profitable when done on a large scale basis and it is essentially turning electricity into digital assets. In today’s environment, Crypto mining is done globally. What we offer is an eco-friendly, sustainable and renewable energy powered form of mega crypto mining, in an environmentally stable country We have the professionals in each of their fields working together to enhance earnings by Improvement of both software and hardware. We aim to create products that has cash flows Generated in every aspect, thus allowing a very financially sound ecosystem, with our ultimate goal of being to create a crypto currency that has a dividend and one that is fungible.
To achieve this goal, several key challenges need to be met:
Most Advance and Efficient -Mining Hardware: Cryptocurrency mining is most profitable when done with top-of-the-line, task-specific hardware. At present that means ASIC-processorbased machines like the Bitmain Antminer S17 pro and others. At the projected scale, Padoscoin will be in a position to negotiate heavily-discounted prices for mining equipment directly with manufacturers world wide Ultra-Low-Cost Electricity and Stable Energy Supply: A key factor in mining profitability is the cost of power. Indonesia has a surplus of electricity due to their welldeveloped infrastructure and interconnectivity, as well as renewable energy sources. Industrial facilities like data centers and hi-tech factories also benefit from tax incentives from governments supporting such activities in the region.
The first Padoscoin facility will be located in Nganjuk Indonesia which ideally meets Padoscoin requirements in terms of low-cost electricity ($0.06 USD/kWh*) and stable supply, as well as a cold climate round the year that makes it less costly to keep equipment cool. Secure and Reliable Facilities: To reach and maintain maximum mining efficiency without compromising on security and reliability, Padoscoin mining centers will each be located near a reliable source of electricity. The amount of equipment each can accommodate will depend on the size of each. For example, a facility with around 5,000 m2 of floor space can accommodate 10,000 Hitech Advanced Miner units with a total computing capacity of about 620000 TH/s. With such a configuration, Padoscoin can mine ±5540 bitcoins per month at the current difficulty level (August 2019). At current prices, it could be built for approximately USD 57 Million per month.
Calculation Source : https://www.cryptocompare.com
Top-Notch Experts and Professionals: It takes a team of engineers, security and construction experts, and software developers to run even a modest mining centre, not to mention centers on the scale Padoscoin is planning. The Padoscoin Team boasts all of the qualifications and competencies to build, install, and operate industrial-sized mining facilities.