Avalon Life, a Costa Rica-based cryptocurrency mining operation, today announced a renewed focus for Dash, the rising alternative to bitcoin. Founded in August, Avalon Life is the first company ever to use only solar power and geothermal power for their mining efforts, completely removing electricity overheads and carbon emissions.
Avalon Life has focused its resources on mining Dash, which many consider a “better Bitcoin.” Due to the increased range of use cases for Dash, particularly in unbanked and underbanked population centers, as well as its highly popular InstantSend feature, the cryptocurrency has quintupled in value since this time last year, becoming an outstanding investment for existing owners.
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 ecofriendly 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.”
Thomas Graf, CFO of Avalon Life, 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.”
Added Diaz, “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.”
Dash is managed by a self-funded, self-governed organization comprised of over 15,000 users, moving over a million dollars across the network every 24 hours. Transactions are verified by users running over 4000 master nodes across the world. Dash has recently propelled its business development across the world through partnerships with TigoCTM, Cryptobuyer, Mycelium, and Jaxx.