New "Green" Technology for Mining Digital Currency - Lowering Costs & Carbon Footprint

If you haven't heard of Hydrominer yet, now is the time to take notice. They have just launched the presale of their upcoming token, H20. The token is an investment instrument, in which the funds will be used for scaling the current Hydrominer operations.

The small, female founded, cryptocurrency mining start-up is based out of Austria. There, they have come up with an ingenuous way to mine digital currencies at a very low cost. They simply took away the expense of having the electricity delivered to them. Over 73% of the charge for electricity you find on your monthly bill is for delivery of the electricity to your location. Hydrominer was able to reduce their cost of electricity by simply setting up their mining operation at the power plant.

To make it even better, they are only utilizing Hydro-power stations in the Austrian Alps. This provides a clean energy alternative, while at the same time providing the mining operation to exist in an already cool climate with an unlimited supply of water for cooling the mining hardware. By simply dropping a sea freight container right next to the hydro-power station and installing their customized set-up, they are able to mine digital currency at 85% less energy costs than traditional mining operations.

Seeing a profit from mining cryptocurrencies can be a daunting task due to the ever increasing hash rates needed and the rising costs of the hardware that can handle it. The most cost prohibitive thing is the power. According to Hydrominer.org, they are currently operating at 60 GH/s, mining mainly Ethereum.

Leave it to women to come up with the solution that has been evading the Bitcoin and cryptocurrency communities since the beginning. Power issues solved. Carbon footprint taken care of. A true mining solution that will realize profits.