Avalon Life, a Costa Rica-based cryptocurrency mining operation, has announced a renewed focus for Dash, one alternate cryptocurrency to bitcoin. Founded in August, Avalon Life is unique in that it will only use solar power and geothermal power for their mining efforts, removing electricity overheads and carbon emissions from non-renewable sources.
Due to the increased range of use cases for Dash, particularly in unbanked and underbanked population centres, as well as its InstantSend feature, the cryptocurrency has risen sharply in value since this point last year, leading Avalon Life to focus its resources on mining Dash.
Tom Koller, CEO of Avalon Life, said: “We are delighted to be the first solar powered and geothermal cryptocurrency mining company in the world and even more delighted to be working with an excellent group of people at Dash. Our focus is to support cryptocurrencies like Dash and others in an eco-friendly and cost efficient way. We pride ourselves on creating a new innovative way of creating income possibilities, cutting-edge education, and an unlimited network of people supporting each other.”
CFO of Avalon Life, Thomas Graf added: “We have found an innovative, cost effective way to give our customers the best Return On Investment.”
Daniel Diaz, Dash VP of Business Development, said, “We are very happy to see more corporate level investment happening in the Dash ecosystem; a healthy mining network is key to a secure blockchain and we have proven that it is possible to attract more mining while respecting our model where rewards are distributed between miners, nodes and network investment. It’s also a huge boost to have an environmentally friendly company contributing to the network in a time where traditional crypto-mining methods use significant amounts of electricity. I think is a great vote of confidence for the future of the Dash project to see new investors, like Avalon, come in and build industrial grade mining operations. The first step in this direction was the creation of Dash ASICs, there are about three or four companies that came up with single purpose chips to mine Dash. Designing and manufacturing these chips is a costly enterprise so seeing all this happen proves that there is a lot of interest in Dash and the project is moving in the right direction.”