ICO Spotlight | HydroMiner – Profitable Eco-friendly, Green Mining

One of the biggest cryptocurrency criticisms is that it is that mining is wasteful use of valuable resources. I talked about the subject in one of my posts. I also found a cool story about a guy that set up a wind-powered mining rig to fund climate research.

The takeaway is that cryptocurrency companies have a responsibility to civilization to try to achieve zero waste, just as large non-cryptocurrency companies have been criticized on the same subject. Waste hurts everyone. It may not be local, but there are ripples that affect us that are sometimes difficult to see.

HYDROMINER VISION/VALUE PROPOSITION

HydroMiner caught my eye because it uses green energy from hydro power stations to mine cryptocurrency. Hydro power is a very low-cost renewable energy resource. The expense is also 85% lower than the average in Europe – where HydroMiner rents space and power from hydro power stations.

HydroMiner doesn’t require any additional space as they re-use freight containers to set up their mining equipment and place at hydro power stations. Using freight containers several advantages:

1. Set-up is repeatable once figured out.
2. Assembly can happen in central location and then shipped to anywhere.
3. Controlled space for easier cooling and ventilation.
4. In some cases, the power station may have low water levels or need extensive maintenance to their turbines. Freight containers can easily be transported to another location without incurring overhead expenses.

This is a genius idea as conditions may change from one hydro plant to another. For example, hydroplant energy output can vary between seasons, or over the course of a season, andother weather factors can play a role at any given time. The freight containers work like nodes on a network. If one needs to go to another location, the entire network doesn’t need to be down.

All of these advantages add up to be able to mine efficiently, at a low-cost, and at a large and profitable scale.

MINING PACKAGES

HydroMiner plans to mine:

CRYPTOCURRENCY	PERCENT
Bitcoin (BTC)	40%
Ethereum (ETH)	20%
ZCash (ZEC)	20%
OTHER Altcoins	20%

THE H20 TOKEN

The purpose of the H20 token is to exchange it for mining time. H20 HODLers will be able to start exchanging in February 2018. It will be be listed on the COSS exchange.

ICO DISTRIBUTION DETAILS

CIRCULATION: 25,000,000 at ICO
TOTAL CIRCULATION: 100,000,000

ACCEPTED CURRENCY: ETH
BASE EXCHAGE RATE: 1 H20 = 0.01 ETH
EXCHANGE LISTING: COSS (source)

ICO PHASE	BONUS
Pre-sale	40%
Week 1 (COMPLETED)	20%
Week 2 (COMPLETED)	15%
Week 3 (COMPLETED)	10%
Week 4 (IN PROGRESS)	5%
Week 5 (NOV 15, UTC: 10:00)	0%

For more detailed ICO information and planned use of funds see links in the HydroMiner Reference Info section below.

FINAL THOUGHTS

Can we just have one mining company that is secure, transparent, consistent, green, and reliable? When I first entered the market, I wanted to open a contract with a mining company. However, I couldn’t find any that had all the pieces that would make me comfortable. If I find one (and HydroMiner may be the “one”) I’ll open a contract because, while mining has risks, it is virtually guaranteed profit in the long run.

HydroMiner has all the makings for a great concept, but the biggest advantage is that they are operational right this second and you will be able to buy contracts with H20 tokens very soon (February 2018).

I also like that HydroMiner has put together an experienced mining team (co-founders are sisters that started mining in 2014!) and from reading their whitepaper they have clearly given this concept tremendous thought as their whitepaper is detailed and transparent by offering tours of their facility where I’m sure you have the opportunity to ask as many as you want.

The one area that I would have liked to have seen more detail is overall security measures (physical, storage, etc.). HydroMiner needs to articulate their security vision as mining companies have known to have problems with hackers. Once they have outlined their security vision and added a page to their website, I don’t see many major reasons to discount their business.

Overall, HydroMiner looks promising and above all – it is profitable. I plan to watch it closely and look for a good opportunity to jump in to try it out.

HYDROMINER REFERENCE INFO

Website
Token Sale Summary
Whitepaper
FAQ

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Traversing the Cryptosphere,
Kryptonaut