ICO Spotlight | HashHive - A Unique Cryptocurrency Mining Company With Monthly Net-Profit Sharing
VISION AND VALUE PROPOSITION
For readers that are unfamiliar with cryptocurrency mining companies, they are companies that sell a portion of their hash-power (or in layman terms, computer power to solve a math problem called a hash function to find blocks) to reduce return-on-investment (ROI) time by having liquidity to constantly purchase new, and more powerful equipment. It’s can be a win-win contract where the consumer doesn’t have to deal with mining operations and where a miner can have a steady supply of liquidity to update and expand.
I recently wrote a post about a company that was researching immersion cooling. In short, Immersion cooling is when you submerge servers in non-conductive liquid. The technique consumes less power than traditional air-cooled methods and in theory you don’t even need a large data center building. In fact, the owner can control placement just about anywhere it is secure. This of course gives the owner many more options. Furthermore, the technique provides protection from rust, dust, moisture, and damage commonly caused by vibration and friction.
Imagine my surprise when I came across HashHive a few days later after writing the post. HashHive is the only mining company that I’m aware of that will use this non-tradition way to keep servers cooled which will considerably reduce operational costs and increase profit for all participants.
INVESTMENT POTENTIAL
I’m going to skip over the usual remarks about reliability, security, and convenience, because I feel these things should all be a given. In other words, HashHive needs to boost about these areas, but I don’t.
Instead, I’ll look at what HashHive has to say about the result of all of their advantages and look at investment potential.
On a monthly basis, HashHive will distribute 40% of their net profit to token holders. They plan to mine the following cryptocurrencies (subject to change):
- Ethereum (ETH)
- ZCash (ZEC)
- DASH (DASH)
- SiaCoin (SC)
- DECRED (DCR)
- Monero (XMR)
HashHive will target attracting $30,000,000 at their ICO. The majority of the funds (85%) will be used for the equipment purchase. 5% will go to real estate acquisitions, and another 5% for the team. 4% will be earmarked for marketing and the last 1% will go to operational expenses.
The following table is HashHive’s profit calculations depending on how much money they raise during the ICO:
TOKEN UTILITY
CellCoin (CELL) holders can profit in the following three ways:
Sell CELL tokens on an exchange.
CELL owners can continue to hold and receive monthly profit distributions of 40% of HashHive’s net profit.
Use CELL tokens to receive 50% discount to purchase HashHive contracts.
ICO DISTRIBUTION DETAILS
TOKEN SYMBOL: CellCoin (CELL)
CIRCULATION: 1,500,000 at ICO
TOTAL CIRCULATION: 30,000,000
ACCEPTED CURRENCY: BTC/LTC/ETH/ZEC/WAVES
RESTRICTIONS: United States residents are prohibited to participate in ICO.
1st Hour | 30% | 1 CELL = $20 USD |
2-24th Hour | 15% | 1 CELL = $20 USD |
Days 2-3 | 10% | 1 CELL = $20 USD |
Days 4-6 | 5% | 1 CELL = $20 USD |
Days 7-30 | 0% | 1 CELL = $20 USD |
ROADMAP
11/19/2017 | Token Sale |
Q1 2018 | Data-Center Organization |
Q2 2018 | Data Center Launch |
Q2 2018 | Payment Distribution Start |
Q3 2018-Q1 2019 | Data Center Expansion/Prep for Cloud Mining |
Q3 2018-Q1 2019 | Launch Cloud Mining |
FINAL THOUGHTS
I’m excited to see HashHive use the immersion cooling technique. Overall, it’s better for the environment and hopefully it will translate into profits for all participants. Maybe this type of cooling will become an industry standard in the future.
As for an investment potential, I like their monthly payment plan to distribute 40% of the net profits to CELL token holders. It is a generous structure if HashHive manages to hit all of their operational targets.
Overall, HashHive looks promising. As I’ve said in other posts, I have been looking for mining company that has all the components to make me comfortable. Perhaps HashHive will be “the one.” I intend to watch HashHive closely for the right time and opportunity to jump in.
REFERENCE LINKS
HashHive Website
ICO Details
Whitepaper
FAQ
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Traversing the Cryptosphere,
Kryptonaut
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good blog
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you guys should check out https://www.binance.com/?ref=10923198 for free coin bountys and cheap fees.
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