HASHRENTAL — SteemCN

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HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. The only existing large cryptocurrency mining marketplace has been hacked in late 2017. As a result, the market customers lost $60 million. So this seemed like a problem that we could do something about.

Problem:

Existing marketplace is a centralized service. It’s a point of weakness.
More specifically, this marketplace is a website which controls payments on behalf of users until the agreed-upon mining contracts are fulfilled.
Moreover, it is responsible for handling refund requests, which means a lot of money flows through its wallets on a weekly basis. It was only a matter of time until hackers decided to attack this platform, which is exactly what happened.

Solution:

Hashing Power Marketplace must be Decentralized. This idea formed the basis of our project HashRental.io.

At the moment HashRental mining system and redirecting system have been tested and launched. $544000 has already been paid to the MVP participants in cryptocurrency.

HashRental marketplace has it’s own tokens (LUHN COIN). LUHN will be accepted as a payment for hashing power rent.

Market of rent hashing power needs the safest services that the HashRental can offer.

HOW IT WORKS

For Hashing power sellers:

Sellers (miners) can run HashRental software or connect their mining hardware (GPU Rigs, ASICS, Pcs and smartphones) to HashRental servers (stratum ports). Their hashing power is forwarded automatically:

To the pool that the buyer has chosen for mining. Then Sellers get paid* in ETH for renting from smarts contracts after them confirms.
To the HashRental pools, if there is no required volume of orders. Then Sellers get paid in ETH from HashRental pools.

This is all done automatically and the process does not require complex technical skills.

*The price for rent is determined by the current weighted average and refreshed each minute.

For Hashing power buyers:

Select the cryptocurrency that you want to mine
Select a pool on which you want to mine
Set needed amount of hashing power
Set needed order time period
Place calculated amount (or more) of the Luhn coins into the smart contract*. This provides proof-of- funds and allows for a much safer trade. Then:

Successfully confirms receipt of needed amount of hashing power, and releases the escrow.
A party raises a dispute, and brings in a third-party arbitrator, giving them the keys to decrypt the messages and work with both parties to make a resolution.
Get reward from selected pool in cryptocurrency (Btc, ETH, and any other) Trade complete!

*The smart contract allows users to safely exchange (Luhn coins → hashing power → any other cryptocurrency) with one another and pools, and to name a trusted third-party to mediate a trade if a dispute arises. Currently, the trusted mediator is always hashrental.io, but the contract will be adapted in the future to switch over to a reputation-based distributed arbitrator pool.

MARKET RESEARCH

Global increases in electricity consumption result from an increasing existing hashing power in the world.
Miners gets profit for renting hashing power more than from mining on existing common pools.
It will be contributed to the popularity HashRental Marketplace and increasing Luhn coin price.

INNOVATIVE STRUCTURE OF MARKETPLACE

The core of the system are smart contracts that combined all parts in a single system.

"Redirecting mining system" is responsible for redirecting hashing power from sellers to HashRental smart pools ("HashRental mining system") or to "Hashing power auto distribution" (establishes needed parameters for selected external pools and monitors execute orders).
HashRental system don't have centralized storage of participants balances. All payments are processed directly through smart contracts.
“Management smart system” supervises the activity on launch of
contracts:

• “Payments smart system” - payments from Buyers in LUHN
• “Hashing power smart system” - payments to Sellers in ETH

TOKEN PRICING AT ICO
Don't miss the opportunity to participate in the token sale and become part of the first crowd.

*Any tokens not sold will be burned.
**The ETH/USD conversion rate was determined to the token sale start (April 17, 2018).

TOKEN DISTRIBUTION

ROADMAP

For more information, please visit:

Website: https://www.hashrental.io/

Whitepaper: https://www.hashrental.io/assets/images/white.pdf

Telegram: https://t.me/hashrental

Facebook: https://facebook.com/hashrental

Twitter: https://www.twitter.com/hashrental

Author: Crator Touch

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1612381