Hydrominer – Cryptocurrency Mining Service using power drawn from hydro power station
What is Cryptocurrency?
Cryptocurrency is a structure for digital currency that is created to be secure and anonymous. It is a currency connected with the internet that utilize cryptography. Those procedure for converting clear data under a very nearly untraceable code, to track buys Also transfers.
Cryptography was created during the second world war to secure important information & communication wise. Cryptography had evolved ever since in this new digital era with elements of mathematical principle and computer science. It became a very good way to secure communications, information and money online.
Decentralized technology is used by cryptocurrencies to let users to make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions update and held by currency holders.These four cryptocurrencies has the higher market cap up to this date.
Well Known Crypto: Bitcoin, Ethereum, Litecoin, Ripple, and more.
Cryptocurrency mining has became a trend where people would spent money on Graphic cards(GPU), or ASIC miners – Hardware which specially made for cryptocurrency mining. It started off as a hobby and eventually turn into a money making way which could generate passive income for people.
First cryptocurrency that is mined is of course the pioneer, Bitcoin. Although the reward of Bitcoin block is lower and lower time by time, and competition is getting tougher and tougher. It is still profitable to mine the coin. Alternatively, people can also mine Ethereum or other altcoin which has lower competition compare to Bitcoin.
Problem with Cryptocurrency Mining ♦ High capital needed for initial investment
In the past, people can start mining with just a laptop, even a low end laptop could result you 50 bitcoin per week. But times has passed and changed, competition is getting tougher and better mining rigs are created to outperform other hardware. Capital are needed to be invest and spent on
- Mining Rigs
- Electricity Bill
- Location of Hardware Placement
Therefore, Hydrominer came out with a Hydromining service which would solve all these problems.
In this past few years, a huge number of individuals have started cryptocurrency mining. Ever since this started, the electrical consumption in a country has significantly increases in this few years’ time.
A lot of countries generate electricity/power through burning of fossil fuels such as coal, natural gas and oil, these 3 substances is considered to be the most harmful substance/hazardous to the environment. The burning of these fuels releases carbon dioxide into the atmosphere which has been linked to serious environmental pollutions such as global warming, air pollution, climate change and chronic health problems to humans. So as the energy consumption in a country increases, the higher the chances that our environment is getting polluted.
With all these issues, different way is created to reduce the environmental pollution. Hence hydroelectric power is one of the way. How hydropower works? Hydropower plants capture the energy of falling water to generate electricity. A turbine converts the kinetic energy of falling water into mechanical energy. Then a generator converts the mechanical energy from the turbine into electrical energy. The procedure for hydropower does not include any form of burning, so it does not emit any harmful substance/gas to the environment. With this statement, it proves that hydropower is much more environmental friendly compare to burning of fossil fuels to generate electricity.
Hydrominer mined cryptocurrencies with their electricity generated through their own Hydropower farm. In this case, cost of electricity is massively reduced which would results a better profit.
Next, hydromining is is created to reduce the environmental polution, hydropower draws power generated naturally by water into the turbine farm. Moreover, their mining farm is just beside their hydro turbine farm which results good temperature control.
Hydrominer solved these issue
√ Location for Mining Rigs Placement
√ High Electricity Bill
√ Difficulty to maintain the hardware
√ Low profit while mining
√ Knowledge require to set up
HYDROMINER is based in Vienna, Austria. They utilize hydropower for crypto mining. Their goal is to have the industry’s lowest carbon footprint which they have already achieved as hydropower does not emit any carbon harmful substances to the environment.
Lower Cost of Electricity
Hydro power allows them to manage resources sustainable and enables low-emission production. With the used of hydro power stations in the Alps regions, they had achieved lower cost of electricity than the average of Europe. With the help of the environment and humidity around hydro power stations also helped in cooling the mining equipment.
Reduce Cost of Cooling System
It also reduces cost as cooling system for the mining equipment is not needed. HYDROMINER mines ETH, ETC, ZEC, SC and others which is the most profitable cryptocurrency based on the current cryptocurrency market up to this date.
For more information, kindly refer to the whitepaper
Hydrominer ICO Details
Token Initial: H2O
Total Supply: 100,000,000 H2O
Price: 1 H2O = 0.01ETH
ICO Start Date: 3rd of October 2017
ICO End Date: Until the finished sales of 25,000,000 Tokens
Token Usage: Access To Mining Revenue
What is this H2O Token?
H2O token is a cryptocurrency which is backed by Hydrominer company. For each H2O token, user are entitled to 1 watt of mining power.
Why not Hash Power but Watt Electricity?
In the long term, value of hash power will get depreciate because of the increase of network difficulty. But regardless of how tough the network difficulty is, the mining rigs are required electricity to power up their mining rigs.
What can i do with the Token Watt power?
Token holders are entitled to the mining revenue monthly. 80% of the mining net profits will be distributed to the token holders.
How much Return on investment(ROI) can i expect?
It is expected to have a 60% ROI P.A currently based off the current mining progress.
Can i sell the Token in the future?
Yes, aside from the 80% which is use to pay towards to the token holders. 10% of the mining net revenue will be used to buy back tokens from the tokens holder through exchanges.
For more information, kindly refer to