On October 18th, HydroMiner, the green mining company, is starting its token sale. HydroMiner will offerits mining contracts in the form of vouchers representing the mining time. Participants of the upcoming H2O token sale will be able to convert the value of their token vouchers into a certain amount of mining time that they can make use of in 2018. A few changes within in the original ICO plan and its proceeds were implied by Austrian regulations, resulting in H2O token not being classified as security.
Make use of your H2O
Starting inn February 2018, the token holders can make a decision as to the type of cryptocurrency the want to mine. Going forward, participants in the ICO will also receive a discount when buying mining time – a nice reward for early contributors.
Value behind H2O
What we have been practicing for many years already is switching between cryptocurrencies based on the changes in their market price and mining profitability. So the kwH assigned to your tokens (1 H2O = 5kwH) will always be used on a best-effort basis to bring you the benefits of the most profitable coin at the time of mining. You may want to read more about HydroMiner’s energy-efficiency, profitability and the business model in thier updated whitepaper at hydrominer.org.
Basically, HydroMiner mining contracts are based on kwH, the energy consumed. The mining packages will be available for 24-months time with the choice between ETH, BTC, ZEC or a selection of altcoins. To make use of your contract, you’ll only need to go through a registration process once you purchased the tokens.
Participation in Token Sale
We encourage you to start participating in the token sale early, as we may run out of the token supply very fast (like it happened with the pre-sale when the hard cap was reached in 36 minutes). The payout is based on the net profits earned for the amount of kwH that you used.
Weekly revenues
You will be receiving the revenues to your wallet on the HydroMiner platform once you’ve registered. By net proceeds HydroMiner means the mining proceeds minus the operational expenses and hardware repurchases, which is between 20% and 40% of the gross revenue depending on the market situation.
Use of Funds
The funds HydroMiner collects during the ICO will be used to extend the number of farms and mining locations and to upgrade the existing ones with more GPUs or replacing the old ones with the new. They will allocate 1% of the funds to buy BNT and and create a Bancor “token changer” between BNT and H20. This will help to create the intrinsic liquidity for the H2O and increase its value for everyone’s benefit.
The Future of Cryptocurrency Mining
A good number of coin operators are already opting for greener mining solutions. As it stands, some have already started to learn about heat mining; and as the rate of coin mining keeps growing exponentially, we can only expect more techniques to be unleashed. But for now, especially for those who reside in the Austrian Alps, hydro power brings with it great security advantages that could be interpreted to mean this source of energy is only bound to blossom in the future.
Find out how to join the crowd-sale of this green project on https://www.hydrominer.org/token-sale/.
