Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I'm going to introduce you a new cryptocurrency based project called " Electrominer"
what is Electrominer?
Electrominer is a mining pool. We have our own datacenters equipped with ASIC and GPU miners to mine profitably and effectively, our own solar power station to efficiently power our equipment, and our platform's mining capacity will be available for anybody to rent and utilize for mining through the web portal.
Electrominer is building its own solar energy station to minimize electricity expences and reduce negative envirenmental impact of cryptomining. Electrominer Mobile Data center units are housed in shipping containers, allowing high mobility for easy transportation.
Electrominer was created to address the challenges of mining PoW based cryptocurrencies. The rise in popularity and success of cryptocurrencies was achieved due to the interest and passion of crypto-enthusiasts just like you, Bitcoin's earliest users. Back then, almost anyone could mine crypto because mining was profitable using nothing more than the average laptop. Compare that to present day cryptomining, which now has an entire industry built around it. Today's mining enthusiasts have to invest in expensive specialized mining hardware to turn a profit, or take a risk by investing into long term cloud mining contracts based on static hashrates.
By simplifying the process and lowering the risks typically associated with cloud mining, the Electrominer project aims to attract both newcomers and seasoned veterans. In doing so, we hope to bring more actual users into the crypto world, rather than becoming yet another selfish industrial mining company driven by greed.
Problems of cryptocurrency mining
- HIGH ELECTRICITY COSTS UP TO 45% OF MINING REWARDS
On average, cryptocurrenncy miners may pay up to 45% of their mining rewards for electrical bills, which has a significant impact on their profit margins. Electrical overuse and limited space availability make mining process difficult and less profitable.
- HIGH LEVEL OF CO2 EMISSIONS
Today, each Bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day. The total energy use of this web of hardware is huge - an estimated of 31 terawatt-hour per year. More than 150 individual countries in the world consume less energy annually.
- HARDWARE REQUIRES MAINTAINENCE AND GETS OBSOLETE QUICKLY
Hardware gets obsolete and determine rapidly , forcing miners to invest into upgraded equipment every 1-2 years. Zone power cost can be extended a profitable mining period up to 4 years. When people purchase mining equipment , they also face some challenges like pre-order delay period, high risk of stumbling across the fraudulent stores , logistics issues. Therefore , equipment installation requires some technical skills as well.
- LONG-TERM CONTRACTS LOCK USERS TO A SINGLE COIN/ALGORITHM
Today, most Blockchain mining companies offer long-term contracts which lock users to a single coin/algorithm. The purchase of an expensive long-term contract is a serious decision which requires an intensive crypto-market research and the evaluation of the risk associated with tokens purchase. Therefore, mining one coin during a long period can be less rewarding rather than spreading out capacity between various algorithms.
- ZERO POWER COST STRATEGY
Electominer is aimed at reaching maximum power independence using all the available technologies and strategies. We will be using solar energy during the day purchasing power at night from the grid that is classified by the utility company as alternative energy to achieve our Zero Power Cost Strategy.
- ECO-FRIENDLY ENERGY SOURCE
Electrominer data centers will be powered by solar energy which makes mining sustainable, self-expandable and eco-friendly.
- Electrominer team provides full support, maintenance and upgrade of mining equipment so that the users do not have to worry about technical aspects of mining.
- UNLIMITED, ADJUSTABLE CONTRACTS
With electrominer you can mine any PoW based coin/algorithm you want, wherever you want and as long as you want. Users have an opportunity to place even 1-hour long orders.
INITIAL TOKEN OFFERING
Electrominer Tokens (ELM) have a fixed supply and represent a share of total mining capacity available for rent on the Electrominer platform to use for mining Bitcoin and other PoW based coins. Electrominer's total mining capacity will grow proportionally with the expansion of our mining facilities. In other words, Electrominer Tokens allow you to access the Electrominer Cloud Mining Platform to mine a variety of coins. ELM will never become obsolete, outdated, or broken. ELM can be used for mining coins and sharing in Electrominer's ever-increasing mining capacity, and it can be sold at any time.
- Technical specification: ERC20 token
- Total Token Supply: 100 000 000 ELM
- Available token for sale: 70 000 000 ELM
- Hard Cap: $ 50,000,000
- Soft Cap: $ 5,000,000
- Price per Token: $ 0.7142
PRE-SALE: August 15, 2018/4 WEEKS
During Pre-ICO, 30% discount will be applied. The pre-ICO period is from August 15, 2018 and lasts for 4 weeks
MAIN SALE: 4 WEEKS
During the ICO on September 15, 2018 and lasts for 4 weeks, there are bonuses for each stage:
WEEK 1: 15% Bonus
WEEK 2: 10% Bonus
WEEK 3: 5% Bonus
WEEK 4: 0% Bonus
For the first users found, note to Electrominer, an application very worth, an absolute idea and required, special group, problem prompt, all absolute class on all invalid settings. Join Electrominer or invurs into your dependals. But the project is not implemented and the bait for the first home!
After reading this blog, you probably will have questions. Be sure to ask them in official Electrominer sources:
Bitcointalk username: Huan00087