The mining of cryptocurrency has high startup costs and is very complicated. At the same time, it also costs a lot of electricity, which is not always renewable energy. Also, electricity prices are often on the high side. HydroMiner wants to overcome all these problems and works on public mining facilities. In Austria and based on hydro-electricity.
What is HydroMiner?
In Hydrominer’s whitepaper, the team explains the goals of the company: “HydroMiner is a crypto currency mining company using green energy drawn from hydro power stations in the Alpine region of Europe. Hydro power is generally thought to be one of the most effective and lowest-cost renewable energy resources.”
In order to take full advantage of the opportunities offered by hydroelectric power, HydroMiner hires capacity at small generator facilities in Austria. In order to get the most out of this, she puts a container with mining rigs next to such a facility.
At the moment, HydroMiner has two mining facilities in the Alps. Through this ICO you can buy tokens, which can be exchanged for mining capacity. This opportunity will be launched next year. Mining contracts will be for a period of two years. The mined coins are distributed daily via the HydroMiner platform, after which the investor can transfer these coins to any compatible wallet. Ninety percent of the proceeds are paid to investors. Ten percent is the fee charged by HydroMiner. The company’s website provides a calculation tool, which allows you to calculate the fictional return on your investment.
What can you do with the token?
HydroMiner launches the H20 token, which allows you to purchase mining capacity. The token will also be launched at exchanges. Through this ICO you can buy the H20 token with a bonus. Whoever wants to invest in HydroMiner again after the two years contract ends, will be able to do so with the same bonus they got during this ICO. The coins that are not sold through this ICO will be sold later through the platform.
What does the roadmap look like?
A short roadmap can be found on the HydroMiner website. The ICO will be organized this year. By 2018, the platform should be live. At this platform tokens can be exchanged for mining capacity and mined tokens will be paid. The amount of new HydroMiner sites depends on the revenue of this ICO. If the company fetches one to five million euros, it will be scaled up from two to six locations. With more than five million, nine locations will be in operation and at ten million, the company will have eleven locations with a total capacity of 3.5 megawatts.
Why this ICO?
HydroMiner currently has two facilities and wants to expand. Funding is needed to do so and this ICO is a way to get it. In addition, the tokens are needed as a way of acquiring mining capacity through the platform.
What does the ICO look like?
|Total coins issued||100,000,000 H20|
|Coins at sale||25,000,000 H20|
|Price||H20 costs 0.01 Ether|
|Bonus||Yes. Decreasing from 20% in the first week to 5% in the last week of this ICO.|
|Dividend||Yes. 90% of the mined cryptocurrency is paid to investors.|
|Data||From October 18th to November 15th|
In the video below, HydroMiner explains the concept of their product.
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