What is Hashrental?
Basically, Hashrental is a decentralized hashing power market place in the blockchain technology developed by a high intellectual personal, through which sellers (miners) of hashing power are connected with buyers of the hashing power through smart contracts/decentralized escrows. This platform offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. Hashrental mining system and redirecting system have been tested and launched, over $544000 has already been paid to the MVP participants in crypto-currency. These platform has its own token called the ‘’LUHN COIN’’. The LUHN coin will be accepted as a payment for hashing power rent. hashrental platform offers the safest service that is needed by the market of rent hashing power.
Hashrental is a marketplace that 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 other marketplace is a centralized service. It’s a point of weakness. It was only a matter of time until hackers decided to attack this platform, which is exactly what happened.
Solution
Creation of the First Decentralized Hashing Power Marketplace.
LUHN technology is the ERC20 token standard, which stands for Requests for Comment, is a standard set of programming “rules”. Ethereum Blockchain is a distributed, open-source blockchain-based computing platform.
LUHN Token is an Ethereum based token representing the right to purchase and trade Hashing Power at a discount on the HashRental marketplace website. LUHN will provide access to buying hashing power and discounts when purchasing different Hashrate for multiple cryptocurrency algorithms. LUHN Tokens will be accepted as a payment
for hashing power rent.
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.
Token Details
Name: LUHN COIN
Symbol: LUHN
Standard: ERC-20
Total Supply: 1,000,000,000 LUHN
Hard cap: $33,8M
Soft Cap: $3,4M
Accepted Currency: ETH
Any tokens not sold will be burned.
The ETH/USD conversion rate was determined to the token crowdsale start (May 17, 2018).
ICO
- PRE-SALE
Start date: April 17
End date: May 17
Bonus: 62%, 38%
Price: 1 LUHN = 0.000048ETH, 1 LUHN = 0.000058ETH
Min. Purchase: 10ETH = 208330LUHN, 0.1ETH = 1724LUHN - SALE
Start date: May 18
End date: June 18
Bonus: 0%
1 LUHN = 0.00008ETH
Min. Purchase: 0.1ETH = 1250LUHN
Create an account at https://www.hashrental.io/ and purchase now!!!
Token Distribution
Token Sale - 62%
Token Sale Legal Costs - 1%
Founding team, vesting over a 1-year period - 10%
Bounty pool - 2%
Bonus pool and reserve - 25%
Use of Proceeds
Growth Grants - 90%
Ongoing governance and legal support - 5%
Operational Expenses - 5%
Road Map
Meet the Team
For more information visit
Website: https://www.hashrental.io/
Whitepaper: https://www.hashrental.io/assets/images/white.pdf
Telegram: https://t.me/hashrental
Published By: Hurricanecol
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1576406