GitBook CleanSat Mining : Start Here
Last updated
Last updated
CleanSat Mining is led by a team of eminent professionals, including Richard Détente and Guillaume Goualard, co-founders of the Grand Angle Crypto channel, Sébastien Gouspillou, co-founder and CEO of Big Block DataCenter and BBGS (companies specializing in mining), as well as Jean-Marc and Rémy Jacobson, founders of RealT, and Michael Courvoisier, RealT's COO.
This project offers an investment opportunity in the Bitcoin mining industry by adopting an innovative tokenized business model, all within the Swiss regulatory framework. The mining farms are strategically located in areas benefiting from an abundance of decarbonized or waste energy.
CleanSat Mining SA sets up a company in Switzerland, e.g. CleanSat Mining Alpha SA.
The shares in this entity are tokenized.
90% of the shares are sold to investors, while 10% are retained by CleanSat Mining SA.
The funds generated by the sale of tokenized shares are used by the company (e.g. CleanSat Mining Alpha) to acquire machines and all the equipment needed to mine Bitcoin.
Each CSM entity acquires machines, which are then deployed on a mining site and managed by CleanSat Mining's local partner.
Details of the operators are available on the dedicated mining site page accessible via the CleanSat Mining website.
In short, a CSM token is intrinsically linked to a CSM company operating machines on a specific mining site.
The CSM-ALPHA token is linked to the CleanSat Mining Alpha company mining in Congo's Virunga Park. The CSM- BETA token is linked to CleanSat Mining BETA mining on the Itaipu dam in Paraguay. The CSM- OMEGA token is linked to CleanSat Mining OMEGA mining in South Karelia (Finland). Etc…
CleanSat Mining's solution guarantees genuine ownership rights between the investor and his assets, in accordance with Swiss legislation and regulations. Holding a CSM token officially and legally confers ownership of part of a Swiss company with an industrial tool.
Shareholders enjoy voting rights proportional to the number of shares held in the company. Profits generated by each CSM subsidiary are partially distributed in the form of bitcoin dividends to CSM token holders.
CSM token holders can sell their tokens at any time on the secondary market.
New offers will be posted on the CleanSat Mining marketplace: https://marketplace.cleansatmining.com/sign-in
You need to create an account to access CleanSat Mining offers. Creating an account on the CSM Marketplace is free.
We will inform you as soon as new tokens are available for purchase via our channels such as X : https://twitter.com/CleanSatMining or Youtube: https://www.youtube.com/@grandanglecrypto/videos or discord : https://discord.com/invite/fAHEmMdk22
CSM entities (Alpha, Beta, Omega, etc.) are Swiss companies operating to conventional standards. CSM tokens act exclusively as a technological representation of these companies' shares. In other words, CSM tokens are shares in tokenized companies.
Each token (Alpha, Beta, etc.) is specifically linked to a particular CSM entity (Alpha, Beta, etc.). The shares held in each company reflect the company's assets, which in CSM's case are mainly mining machines.
The smart contract address for each token can be found on the dedicated mining site page, accessible via the CleanSat Mining website. Thanks to the transparency of the blockchain, it is possible to know the number of tokens in circulation and the breakdown of each structure.
Here are the main advantages of tokenizing assets:
-> Increased liquidity: Tokenization offers a high degree of liquidity, making it possible to give or exchange tokens directly without using a broker. The token as a new technological medium makes it possible to "liquefy" private equity.
-> Open secondary market: Liquidity is facilitated on the secondary market, as the purchase of CSM security tokens does not require a bank or broker account. Any individual with Internet access, a public address on the Gnosis network and a few Xdai can buy CSM security tokens on the secondary market.
-> Direct ownership of tokens: Holders have direct ownership of their tokens, ideally stored on a cold wallet, unlike most stocks which are often held by a broker or bank.
Gnosis Chain operates as an Ethereum sidechain, running in parallel to the main network. This sidechain uses the same technology, the Ethereum Virtual Machine (EVM), but has its own validators, consensus and security mechanisms. This approach facilitates the deployment of applications and tokens from Ethereum to the sidechain.
The advantages offered by Gnosis Chain are as follows:
Predictability of transaction fees: Unlike other infrastructures using volatile assets, Gnosis settles fees using the stablecoin xDAI. On Gnosis, 1xDAI is equivalent to 1 DAI blocked on a smart contract on Ethereum. In addition to stability, transaction fees are extremely affordable, often less than 0.01 cents.
Accumulated experience: By opting for the Gnosis Chain, CleanSat Mining benefits from the experience accumulated over the years by RealT's teams on this network.
It is essential to stress that, in the case of CleanSat Mining, the choice of the underlying technology, in this case the Gnosis Chain, does not imply any major risk for the project. In the event of a technical problem on the network, CleanSat Mining retains the possibility of issuing tokens on another chain or in another format.
The margin between the production cost of a bitcoin and its market value essentially represents miners' remuneration. This is awarded for their contribution to the network in terms of computing power and security, while also constituting a premium for the risks inherent in mining activities.
As a miner, your exposure to Bitcoin's volatility is similar to that of a direct holder of the crypto on a hardware wallet. However, as a manufacturer, you are also looking for an additional return linked to the operational profitability of the production site.
Crucially, the price of mining machines (known as ASICs) has generally followed Bitcoin's market price. For example, during the bull market of 2020, when the price of BTC increased 7-fold, similar trends were observed in the price of machines, and even higher volatility. So, by investing in machines or in a company holding these machines, your capital theoretically tracks Bitcoin's volatility relatively well.
Unlike a single Bitcoin held in a hardware wallet, mining machines produce something tangible. Mining can be considered a "yield" on Bitcoin, although it presents challenges such as purchasing, managing and maintaining the machines, finding an affordable source of electricity, as well as the need for technical skills to run operations.
In addition, investing in equipment or owning shares in an unlisted mining company means that your capital is relatively illiquid, i.e. difficult to resell.
CleanSat Mining addresses all these issues by offering the opportunity to become a bitcoin miner while retaining some liquidity on your capital.
The profitability of Bitcoin mining is subject to various factors, subject to variations over time:
Hashrate : this represents the total computing power deployed by the Bitcoin mining network. The more active miners there are, the higher the hashrate, making Bitcoin mining more difficult. As a result, it becomes statistically less likely for a miner to find a block. When mining within a pool, as is the case with CSM, a higher hashrate means that each miner's share of the reward decreases. To consult the current hashrate value and its history, please follow this link: https://data.hashrateindex.com/network-data/btc. There is also a correlation between the price of Bitcoin and the hashrate. In general, the higher the Bitcoin price, the more attractive mining becomes, leading to an increase in the number of miners. However, this increase in hashrate often occurs with a time lag.
Translated with DeepL.com (free version)
The number of Bitcoins mined varies according to the difficulty of mining. This variable directly impacts the main source of revenue and, consequently, the profitability of the business.
The higher the Bitcoin price, the greater the value of the reward in fiat currency (dollars, euros, Swiss francs, etc.): mining a Bitcoin at a price of $40,000 is more profitable than mining one at a price of $20,000.
Transaction fees. In addition to the distribution of bitcoin when a block is mined, a transaction fee is paid to the miner for the mined block. These transaction fees are around 5%.
The number of active machines is a key factor. Maintenance, repairs or replacement of certain machines can influence this number, thus impacting overall production capacity.
The availability of electricity is a crucial factor. Interruptions to the power supply, such as incidents at the dam, power station or high-voltage lines, can interrupt the mining process until the fault is rectified. The mining machines can also be disconnected in the event of high electricity demand in the country. The mining containers then play a role in balancing the grid, by being able to adjust their consumption very quickly.
The cost of electricity is the main expense. High tariffs can reduce the profitability of the mining process. Ideally, high profitability requires both a high bitcoin price and a low electricity cost.
Operator fees: These fees, which can be viewed on each mining site's page, encompass the costs associated with operating the machines, including installation and maintenance.
CleanSat Mining charges: These amount to 5% on each site and are calculated on net production, i.e. after deduction of electricity costs.
Machine depreciation: Machines are depreciated over 5 years, with an annual provision of 20% of the initial cost for the purchase of new machines when those in use become obsolete.CleanSat Mining companies (Alpha, Beta, Omega...) are registered in Switzerland. Corporate income tax is levied, estimated at 13.50%.
You'll find all these parameters in the CSM Delta profitability simulator.
To estimate the profitability of your investment in Bitcoin mining, you can use the simulator available on the YAM platform. Here's how to do it:
Connect to YAM: - Access YAM by clicking here. - Select a current offer, for example one from the Alpha site.
Use the simulator - Click on the simulator link available here.
Once in the simulator, adjust the following parameters to estimate profitability: - Investment amount : enter the amount you wish to invest, e.g. $50. - Bitcoin price : enter the current or expected Bitcoin price, e.g. $75,000. - Hash rate : set the hash rate of the mining operation, e.g. 650 TH. - Depreciation allowance : this parameter is crucial to the sustainability of the investment. For a 5-year amortization period, 20% of the Bitcoins mined are not distributed to investors, but are set aside to renew the machines at the end of this period. This decision is usually approved at each site's general meeting (GM).
View results :
Modify these parameters according to your estimates to visualize the expected profitability for this specific site. Keep in mind that each mining site has its own profitability, influenced by many factors, including operational costs and the Bitcoin market price. You can explore the profitability of other sites by selecting different offers on YAM.
This approach gives you a more accurate estimate of what your return on investment might be, taking into account key factors and equipment amortization strategy.
Halving is a major event in the Bitcoin ecosystem. It is characterized by the halving of the reward given to miners for each new block mined.
It is essential to emphasize that Bitcoin production is still the miners' main source of income. As a result, following a halving, miners receive half as much Bitcoin for each block they manage to mine. This reduction in reward is designed to maintain scarcity and gradually adjust the total supply of Bitcoin over time, in line with the network's predefined protocol. Halving occurs approximately every four years, or every 210,000 blocks mined, and has a significant impact on the economics and dynamics of Bitcoin mining.
The most significant expense in Bitcoin mining remains electricity consumption, which is often contractually fixed over the long term with energy suppliers. In order to maintain pre-halving profitability, several scenarios are conceivable, including a substantial reduction in the hashrate (difficulty of mining), a significant rise in the bitcoin price, or a combination of both.
It is to be expected that the hashrate may decrease, as many miners may no longer be profitable, mainly due to the high cost of electricity. Operators whose expenses exceed revenues could go bankrupt. Even in the event of a sharp rise in the Bitcoin price, these miners could temporarily maintain their activity, but could later run into difficulties in the event of a prolonged fall in the price.
Miners able to withstand the next halving and market fluctuations will benefit from reduced mining difficulty. This will translate into more blocks to mine and, consequently, greater rewards. This ability to maintain activity despite the challenges inherent in halving and market down cycles will largely determine the long-term sustainability and profitability of mining operators.
Bitcoin mining involves an industrial risk associated with the acquisition, installation and management of mining equipment, in addition to the intrinsic performance of Bitcoin. This type of investment is not suitable for those who are not prepared to assume these additional risks.
The mining industry is closely linked to Bitcoin's volatility, distinguishing it from other more traditional assets such as gold, stocks or real estate.
Here is a non-exhaustive list of the various risks involved in investing in mining.
1. Market volatility: The crypto market, including Bitcoin, is notoriously volatile. Prices can fluctuate considerably in a short space of time, which can have a significant impact on the profitability of the mining business.
2. Competition and mining difficulty: Bitcoin's mining difficulty is adjusted regularly to maintain a constant rate of new block creation. The higher the competition on the network (the so-called hashrate), the lower the rewards received by miners (expressed in BTC). This can have a significant impact on the profitability of CleanSat Mining.
3. Energy costs: Bitcoin mining requires a significant amount of energy. Electricity costs represent a significant proportion of mining expenses. It is essential to take these costs into account when assessing the viability of the activity.
4. Evolving technology: As with any technology, Bitcoin mining is subject to the constant evolution of equipment and algorithms. Older mining machines may become obsolete, requiring additional investment to remain competitive.
5. Regulations and legality: Regulations surrounding crypto-currencies and mining can vary from country to country. It is essential to familiarize yourself with local laws and ensure that your mining activity complies with current regulations.
6. Security and hacking: The Bitcoin mining industry can be subject to hacker attacks.
It is essential to note that this list of risks is not intended to be exhaustive, but it does highlight some of the most crucial aspects to consider before committing to Bitcoin mining. Before making any investment decision, it is strongly recommended that you consult a qualified financial advisor to assess your personal situation and financial goals.
CleanSat Mining regularly expands its network by opening new mining farms or adding mining containers to existing sites. The primary market consists of tokens issued directly by CleanSat Mining SA.
For more precise details on the offers available, we invite you to consult the CleanSat Mining Marketplace by clicking here. You must register to access CSM offers. Registration is free and without obligation.
Once you've logged in to your account, you'll find comprehensive information on investment opportunities and tokens issued by the company. This will enable you to find out about the latest offers and participate in CleanSat Mining's primary market.
Each token has been issued by CleanSat Mining with an initial price, i.e. its selling price at the time of fundraising. You can consult this price on the page of each mining site, for example here for CSM Alpha: https://cleansatmining.com/csm-alpha
The calculation formula on the primary market is as follows:
(fundraising budget (machines, containers, transport, taxes, etc.) + 10%*)/supply CSM token X.
*The 10% corresponds to the costs incurred by CleanSat Mining at the time of fundraising.
If the sale of a token on the primary market has ended, you can still acquire it via the secondary market.
YAM (You And Me) is the secondary market place for CSM tokens. Anyone can buy and/or sell tokens. It's a peer-to-peer market, where a seller lists a CSM token at the price of his choice. The sale is completed when a buyer completes the purchase transaction, transferring ownership of the CSM token to the new buyer.
CleanSat Mining SA has no control over the secondary market and is not responsible for the prices offered. It is crucial that buyers are vigilant about purchase prices on the secondary market, fully aware that the purchase price has a direct impact on the profitability of the CSM token.
To buy CSM tokens on YAM, you need to perform KYC verification at Mt Pelerin and whitelist the address you plan to use to buy or sell tokens, by completing this form
To sell your CSM tokens, make sure you have a small amount of XDAI to cover the transaction fees. These fees are very low, equivalent to a few cents in XDAI. Make sure you have this small amount of XDAI on the Gnosis blockchain to be able to offer your tokens for sale on the YAM secondary market.
Log on to https://yam.cleansatmining.com/ and click on "Your offers" at the top of the page".
Click on "+ Create an offer" then on "+ Add a new offer" in the middle of the screen.
Select “Sale” then Next
Complete the fields
If you wish to sell at more than 5%, deactivate the shield in the top right-hand corner.
Click on “Add a new offe”r to publish the offer on the YAM
You can consult the purchase history of the address with which you are connected by clicking on "Your Offers" then "Transactions".
You can buy a token or a fraction of a token, so the minimum investment is just a few dollars.
In order to buy CSM tokens on YAM, you need to do your KYC from the CleanSat Mining Marketplace by clicking here.
Open https://yam.cleansatmining.com/
At the top right click on "connect my wallet".
If you wish to connect with Mt pelerin bridge wallet click on WalletConnect 2
If you wish to connect with Metemasl or Rabby walet, click on Metamask
If you wish to connect using metamask or rabby wallet, select the Gnosis network in the top right-hand corner of the page and your metamask wallet.
If you wish to purchase tokens using your Metamask or Rabby wallet, it is essential to whitelist your address.
Here's how to do it:
Log in to the CleanSat Mining Marketplace
Click on My account
Click on Token delivery address Add the address(es) you wish to whitelist
After adding your Gnosis public addresses, CSM will whitelist them. You will receive a confirmation e-mail informing you that your address has been added to the whitelist. You will then be able to select the default address to which CSM tokens will be delivered.
Each token has an issue price, which is used to calculate the spread between the initial issue price and the current price at which the token is sold on YAM. It's crucial to compare these prices and ensure that the spread between the CSM tokens' issue price and the current selling price is right for you. The token's initial price is located at the intersection of the "original" and "price" lines.
The currency in which CSM tokens are sold is indicated in the top right-hand corner of each card. In the example below, CSM Alpha tokens are sold in USDC.
To complete the transaction, you'll need Xdai stablecoins to cover the transaction fees. These fees are very low: with 1 Xdai, or about $1, you can pay the fees for several transactions. You can buy Xdai on Mt Pelerin's bridge wallet.
For each offer, the initial yield and the current yield are shown. The closer these yields are, the closer the token is sold to its issue price, meaning that the seller realizes little capital gain on the resale of the token.
For example, in this offer, the token's yield at issue is 8.70%, with an issue price of $14.05. The discounted yield based on the sale price falls to 2.35%, with a sale price of $52.005.
In other words, if you buy this token for $50, you get a return of 2.35% instead of 8.70% at the initial price of $14.05.
There are various exchange offers on YAM: buy, sell or exchange.
Make sure you're selling a CSM token for a stablecoin, such as USDC.
You can use the Sale, Buy and Exchange filters.
The liquidity of an asset is measured by its ability to be sold quickly and without significant loss of value (slippage). For example, assets such as Bitcoin or Ethereum are considered highly liquid, as many transactions can take place on a daily basis. Real estate, on the other hand, is often considered less liquid, as it can take several months or more to sell before funds can be withdrawn.
YAM facilitates the liquidity of CleanSat Mining shares as a P2P exchange platform. It is crucial to note that guaranteed liquidity for CSM tokens is not possible, but CleanSat Mining is committed to actively promoting the project. The liquidity of CSM tokens depends on the price at which you choose to sell them on YAM. This platform functions as a marketplace where CSM token holders can set their own selling price. Buyers are free to acquire CSM tokens according to the offers available. Prices may vary, with some offering advantageous opportunities, while others may be higher. YAM's design allows each token holder to determine the price individually, thus explaining the fluctuating values.
CSM tokens represent company shares. CleanSat Mining's assets are mainly mining machines, and it has been observed over the years that the price of mining machines correlates with the price of Bitcoin. Thus, the value of CSM tokens could increase if the price of Bitcoin remains durably high and if the machines have been acquired at a competitive price.
On the secondary market, the value of CSM tokens depends on supply and demand. If several people want to buy CSM tokens and there are few tokens for sale, this will increase their selling price. On the other hand, the price will fall if there are few buyers and many sellers.
As explained above, owning a CleanSat Mining token means owning a share in the CleanSat Mining company.
For legal reasons, CleanSat Mining must constantly know the identity of its token holders. Consequently, it is necessary to carry out a KYC (Know Your Customer) before purchasing CSM tokens.
KYC involves providing proof of identity, such as ID, passport or proof of address, as required by the platform.
Once KYC has been completed, CleanSat Mining will know your public address for token delivery. Investors can store their CSM tokens at the address of their choice, provided it is whitelisted.
To buy CSM tokens on YAM, you need to register on the CSM Marketplace and then do your KYC on the Marketplace. Click here to create your Marketplace account Click here to whitelist one or more addresses
Les bénéfices générés par les différentes sociétés CleanSat Mining (Alpha, Beta, Omega, etc.) sont distribués aux actionnaires sous forme de dividendes, fonctionnant de la même manière que pour n'importe quelle autre entreprise. Cependant, dans le cas de CSM, les dividendes sont versés directement en BTC.
Tout dividende versé par les sociétés suisses CSM sera assujetti à un impôt anticipé de 35%. Pour les investisseurs étrangers résidant dans des pays ayant une convention fiscale avec la Suisse, comme la plupart des juridictions onshore (dont la France), il est généralement possible de demander le dégrèvement de l'impôt anticipé jusqu'à un taux résiduel de 15%. En règle générale, le droit interne du pays de résidence de l'investisseur offre la possibilité de demander un crédit d'impôt pour ces 15% d'impôt anticipé résiduel (ce qui est également le cas en France). Un tutoriel expliquant les démarches à suivre, y compris le formulaire à remplir et à qui l'envoyer, est prévu pour début Janvier 2024.
The dashboard is your management dashboard, where you can find all the essential information about the sites for which you hold CSM tokens.
At the top, you'll find important information such as the number of CSM tokens you own, the number of sites, and estimated revenues
Each site is presented in the form of a map. In this map, you'll find details about the site. A small "+" allows you to scroll down the site's revenue details. Small "ⓘ" icons give you more information about the item. For example, the ⓘ of estimated gross revenue reads "Gross revenue is the result of subtracting the bitcoins obtained by mining from the expenses incurred. These expenses include electricity-related costs, operating costs, CSM charges and taxes, but do not take into account the provision to deal with obsolescence of mining equipment."
You have several filters at your disposal to display only active or inactive sites, and revenues over 1 day, 7 days, 1 month, 3 months or 6 months. As a result, you can track site production live and easily view your estimated revenues.
CSM tokens must be delivered to your Mt Pelerin wallet. You are then free to transfer them to a linked and whitelisted address of your choice.
There are two ways to hold CSM tokens:
On a Hot wallet like Mt Pelerin, Metamask, Rabby wallet…
On a hardware wallet such as a Ledger key.
For top-quality security and a pleasant user experience, we recommend linking your hardware wallet (e.g. Ledger) to a browser wallet like Rabby.
This Ledger video shows how to do it : https://www.youtube.com/watch?v=rbQ8NGrXk_Y
CleanSat Mining communicates via 3 channels: its Discord, Youtube channel and website.
It's a place where the community can discuss any topic related to CleanSat Mining.
The CSM team is on hand to answer questions. L’équipe CSM intervient pour répondre aux questions. Discord link https://discord.gg/fAHEmMdk22
The CleanSat Mining youtube channel aims to publish reports and make one community call per month.
You can watch a replay of all recorded community calls in the "Live" tab.
During the community calls, we give you the important news of the past month and answer all your questions. You can send your questions to contact@cleansatmining.com It's best to put [Questions community call] in the subject line.
To be notified of upcoming community calls, click on the bell to receive a notification from Youtube.
Here you'll find all the basic company information: the team, the project, CleanSat Mining's activities, the contact form…
The "CSM SITES" menu offers important information on current mining sites and sales. Click here to visit the CleanSat Mining website
Coming Soon.
