HydroMiner - Green Crypto Mining in Austria

bountyhunteer26 (17)in #ethereum • 7 years ago

HydroMiner History

In 2014, Nadine and Nicole Damblon, inspired by a common friend from the US, started to mine cryptocurrencies with their home computers in Vienna and Düsseldorf. After a year of profitable mining, some friends wanted to invest in their mining business and the mining farm grew bigger, soon outgrowing their small apartment.In late 2015, they reached the maximum amount of electricity that they could receive in their apartments.That’s when they realized that the lowest price per unit of energy would decide the success of mining operations in the future.

Now the question was: Where could they get the lowest energy price? Soon they learned that the largest part of the electricity fee in Germany and Austria consists of the so called network power transmission fee,effectively a tax set by the government. This fee comes into play as soon as generated power is transmitted into the general energy network.The only way to avoid this fee would be to sit directly at the source.Austria, the beautiful mountainous country in central Europe, is home to thousands of small hydro powerstations. They are usually in private hands and barely break even.

Through a friend, they were able to rent space in a hydro power station near Vienna. Cheap energy indeed! As more investors joined, they expanded into another hydro power station.They plan to enlarge the operation significantly with the funds from the ICO. The next step is to rent space inlarger power stations that will provide an even better environment and higher profitability for mining.

What is HydroMiner?

HydroMiner, found online at HydroMiner.org, is a cryptocurrency mining operation that uses hydroelectric electricity to power its miners. It also uses water-cooling to keep the rigs at a safe operating temperature.One of the criticisms of cryptocurrency and blockchain technology is that they require enormous amounts of power to operate. Without cryptography, blockchain and cryptocurrencies lose their security. Unfortunately, breaking that cryptography requires lots of electricity, and much of that electricity comes from non-renewable sources.That’s where HydroMiner sees an opportunity.HydroMiner is currently seeking to raise money through an ICO for “H2O Tokens”. These tokens will be used to expand the hydroelectric capacity of HydroMiner’s operations.

How Does HydroMiner Work?

HydroMiner is based in Vienna, Austria. The company claims to place its mining equipment “directly in hydro power stations in the Alps region”, which allows them to enjoy “up to 85% lower energy prices than European average.”Europe is one of the least miner-friendly regions in the world. Europeans pay high electricity prices, making mining not as profitable as it is in other parts of the world — say, North America, China, or any region with easy access to renewable energy sources.In the Alps, however, the company has access to cheap hydroelectric power.

They claim to have a guaranteed contract where they pay about 10 cents per kWh — which is about the average priced paid in North America for electricity.HydroMiner claims to mine “all scalable currencies.” The platform chooses which currency to mine based on “software algorithms”. HydroMiner also jumps between mining pools.Right now, the company is mining 40% ETH, 20% ETC, 20% ZEC, and 20% SC and others.HydroMiner owns one fully operational hydro power station, with a second one rented. The hardware is scheduled for deployment on the second one in September. The first one is in Schönberg in Lower Austria, while the second is in Murau in Styria.

With further funding, HydroMiner wants to expand their operations in Styria while also branching into available power supplies in southern Germany.In terms of the actual mining operations, HydroMiner fills shipping containers with mining rigs, then drops them close to the hydroelectric dams. The company uses water-cooling to keep its miners at a comfortable temperature while also enjoying cheap electrical costs from the dam.

The HydroMiner H2O Token Sale

The location of Hydrominer is Alpen mountain areas enabling the companies to get access to the hydropower station in which rig has been installed. The company has operational units in cryptocurrency mining. All tools and equipments have been kept in an assembled place easily moved anywhere.This company offers token sales of H20 for investors. The token sale is a part of its crowdsale. The token sale will be used to increase the operating system. To provide a container of tools, it is predicted to spend almost 1 million dollar. That is why to ensure the production and consistency of company’s performance, it tries to release token sales for investors.

When you want to purchase token sale of H20, it is crucial to concern the allocated watt for mining tools. Then, the investors will get income and profits based on the allocated watts to the mining equipments. It is closely different from the given stock in conventional minings based on the hash interest levels.Every offered token represents a watt of its mining power. If it includes a revenue sharing, it is based on the clean income. It really explains the benefits of buying token sale in this company so that many investors attract to acquire a mining operation of hydropower. The profits will be calculated carefully by a professional team of HydroMiner.

Token Sales Details :

ICO Start October 18th, 10:00 UTC

ICO End November 15th or when hard cap reached (25,000,000 H2O)

Token Name = H2O
Token Full Name = Hydrominer H2O Token
Smart Contract Address = Whitelist to See
Smart Contract Source = https://github.com/hydrominer/token_sale
Token Supply = 100,000,000 (25,000,000 sold in ICO)
Exchange Rate 1 H2O = 0.01 ETH
Accepted Currencies = ETH

Who’s Behind HydroMiner?

HydroMiner is led by CEO Nadine Damblon, who has been mining cryptocurrencies since 2015. Other key members of the team include Christian Vogl (CTO), an expert in hardware supply and network infrastructure, and Jonas Sevel Karlberg (one of the advisors for Bancor). LinkedIn profiles are available for all three individuals from the company’s official website.

HydroMiner Conclusion

HydroMiner is an environmentally-friendly, profitable mining operation based in the Alps. The miners rely on hydroelectric power and water cooling to create an energy-efficient, highly-profitable mining operation. HydroMiner has access to two hydroelectric power sources. Using money gathered from its token sale (for H2O tokens), the company hopes to expand into southern Germany while also boosting their current mining operations.

As an H2O token holder, you’re entitled to receive profits from the HydroMiner mining operation. Each token represents one watt of energy from the operation.As far as we can tell, HydroMiner is legitimate. The company appears to be open and honest about its work online, and they have an extensive FAQs section, team page, and other information about their project. We don’t have the specific locations for any of the mining setups – although that’s not necessarily unusual.