Where do cryptocurrencies come from? - Hydrominer ICO

in #mining4 years ago

So you've been explaining to your grandma about Bitcoin, Ethereum and other cryptocurrencies you are interested in. You're trying to convince her to sell her retirement home and cash in her pension so she can retire on a yacht with a team of servants and waiters. Then the dreaded question comes.... Where do cryptocurrencies come from?


Image Source - Megatron may not actually be mining at Hydrominer

Glad you asked, miners like Hydrominer mine them into existence with specialised hardware that solve computational puzzles. Each time a puzzle/block is solved, coins are awarded and the network secured. This is similar to the way gold or precious metals are mined, energy is expended to extract wealth. This is proof of work. We also have proof of stake, where miners are chosen at random to validate transactions on the network, the larger the stake (coins) you own the more likely you are chosen to validate.


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Who are Hydrominer and why are they raising an ICO?

Initial Coin Offerings are a new and innovative way of raising money for your project, business or business expansion. They allow the average man on the street to invest like a venture capitalist without the minimum investment of millions of dollars. Remember the old days when you had to be from a well connected powerful family and fabulously wealthy to invest in other companies? No, those days are long gone. Hydrominer have been mining cryptos since 2014 and currently have two Hydro power stations with plans to expand. Their custom mining setup sits on site at the Hydro power facilities and benefit from low cost energy and cooling. Hydro electricity is one of the cleanest and cheapest power sources. When subsidised miners who use fossil fuels eventually lose their subsidies, they will be out of business, unlike green, clean, cheap renewable energy miners who will play the long game.


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There are some people that deny climate change, ask yourself would burning millions of years of locked up carbon in a few hundred years be problamatic? Have you ever tried to drink 1000 years quota of beer in 1 day?

Hydrominer can mine any cryptocurrencies and will switch automatically based on which is profitable. Hydrominer are cloud miners, you purchase computational hashing power for your share of the rewards, you do not need to purchase, configure or manage the equipment. Maybe we can call this liquid mining because their ERC20 token will be H2O :)

HydroMiner - Watch Our Video! from HydroMiner on Vimeo.

For more information read the Whitepaper and visit the Hydrominer Website

Disclaimer

I'm long on crypto, and long on humanity. J'adore DYOR (Do Your Own Research). This is not investment advice.

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Thanks for answering the question from where crypto came from?

Liquid mining- I like that phrase! There are some cool ideas behind this.

I'm going to try liquor mining in about 5 minutes :)

..like Liquid Snake? ...Otacon??...

Had to Google that, never played Metal gear solid. Looks like a great game, the mining process looks like it will evolve and improve with time just like Otacon :)

lol yea... hopefully...fees are 2 high 4 me though... cant wait!! greatest game ever lol

Ah this is funky, I'm gonna check it out!

Get more boom for your buck, hopefully!

Glad you like it :)

Resume: crypto + ecofriendly + technology + mining= HrydoMiner

Thanks for the resteem!

Great post and great concept!
Utilizing already installed facilities in more than 1 way.

I wonder what more will come in the future...

The futures bright! New markets and companies will be formed from cryptocurrencies

Keep us posted about it, will ya!

Thank you for posting @cryptofunk.

Lovely explanation and strong images.

Sent it out straight away to family.

All the best to you and @opheliafu. Cheers.

Thanks! Appreciate your feedback and for coming by, all the best to you and your family.

This all seems so interesting!.. I don't understand it.. HELP!!

Which part? I often go to Wikipedia or Google for each word I don't understand :)

Are you threatening me!?

Habla, blah blah blah blah blah, Español for my bunghole...

The principal! He will give me TP! I would hate for my bungholio to get polio....Where I come from, we have no bunghole.

Thank you for the post bro @cryptofunk. Love this post :)

Wow ! lolz so the miners after the water , either , goodness me , everybody could selling the water , just a wild & funny thought. Good and liked the concept @cryptofunk

Interesting post! Even if, after reading the title, I was expecting the history of cryptocurrencies and facts like this one from Wikipedia: "In 1998, Wei Dai published a description of "b-money", an anonymous, distributed electronic cash system. Shortly thereafter, Nick Szabo created "bit gold"." https://en.wikipedia.org/wiki/Cryptocurrency#History

Wow that is going back, way back! It's good to know the roots though. The rabbit hole goes on a long way

@everyone interested in joining a next upvote group 100X more profitable, plz contact me. @cryptofunk I have ten spots available. First come first served

Nice post.. I am a green-mining supporter too :)

Why my account has been blocked?

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