HydroMiner | H20 Token | Review of tokenized CloudminingsteemCreated with Sketch.

in #mining7 years ago (edited)

Cloudmining emerged as a valid option for anyone who did not want to face the hurdles of starting a mining operation on his own. Renting out parts of the hashingpower in small increments allowed everyone to join with very little money, enabling the providers to quickly expand their operation and acquire new gear.

Questionable renting conditions, anonymous mining operators, inaudible facilities, the inability to liquidate ones stake and more factors led to decreasing trust towards the whole concept. Rightfully so.

We all know that the whole industry of cloudmining has a very serious image problem right now, with operators scamming their investors left and right.

The faith has crumbled and many websites ran with the users money, never to be seen again.
The industry is clearly waiting to be disrupted and the powers are waiting to be re-allocated.

HydroMiner is here

HydroMiner utilizes hydro energy to power it´s mining operation in a environmentally friendly manner in the alps of Austria.
For cheap. The usage of regenerative energy was not only a moral decision, it aligns that perfectly with investors best interest ; Profitability.

Their upcoming token-sale will allow everyone to be a stakeholder of this groundbreaking, new approach of cloudmining.
The scheme is simple, investors can buy over the ICO sale H2O tokens, which then can be used to rent out miners. Those miners will then be set to mine the most profitable coins, which will yield profits for the H2O-investors.

Each coin represents 1 watt of mining power and grants the rights to the net proceeds of one watt of mining revenue.

To ensure liduqidity, HydroMiner teamed up with Bancor. For the first time your stake in a mining operation can be sold off whenever it is needed.

HydroMiner will deposit 1% of its ICO proceeds into a Bancor token changer smart contract.HydroMiner expect the Bancor token changer will be operational within 30 days of the closing of the token sale.
Being able to provide liquidity through a smart contract is a major advantage for HydroMiner investors. This enables them to convert tokens without the risk experienced with centralized models.

Having rented two power plants already, HydroMiner is making profits on it´s own. This ICO will allow for even greater scaling, to the benefit of everyone involved.

The expected ROI is at 8 months if invested in the first week of the ICO, beating every competitor by lenghts.

Dividens are to be paid monthly via a smart-contract to every ETH-adress that holds H2O Tokens.

Let´s see some numbers

HydroMiner ICO Price:

First Week: 1 H2O = 0.008 ETH
Second Week: 1 H2O = 0.0085 ETH
Third Week: 1 H2O = 0.009 ETH
Fourth Week: 1 H2O = 0.0095 ETH
Fifth Week: 1 H2O = 0.01 ETH

Supply:

HydroMiner Pre-Sale: 150,000 H2O (1,500 ETH)

HydroMiner ICO token cap: 2,500,000 H2O

Dates:

Pre-sale Launch:
25th of September 2017

ICO Launch:
3rd of October 2017

Platform: Ethereum


HydroMiner in a Nutshell

Conclusion

This is a rocksolid concept with environmental consciousness and investors best interests in mind. Especially the allocation of Watts instead of Hashingpower to the tokens makes this a great investment. Rising difficulty results in lowering returns with traditional cloudminers. A watt will always be what it is and power increasingly stronger and more efficient miners.

That way you will always be in the winning party, as the efficiency of mining gear will rise, the required wattage to power them will decline.

Stop playing the centralized operators fools game of diminishing returns. HydroMiner is allowing everyone to earn dividends on holding their token in the most fair manner a public cloudminer ever operated.

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This really interested me so I decided to review their white paper which may be found here.

The biggest limitation I can note is Hydrominer plans on using GPUs for mining. For ethhash, this is fine but what about when other algorithm become more profitable that are dominated by ASICs. Hydrominer would not be able to compete.

I think the concept is great overall but think it would serve them to have a stated plan for diversity of mining equipment so they are able to better adapt to changes in difficulty among the various algorithms available. From what I understand, ethhash is ASIC resistant but don't see any reason why they can fill one of those shipping containers full of ASICs to mine X11 and Script as well.

Really interesting concept, thanks for bringing it to my attention! This actually looks like an ICO that I might be interested in for once, makes sense to me :)

Absolutely

Absolutely. I love the idea of tokens that earn continous rewards, and the profitability of this one really seems a no-brainer.

See you at the happier side of life ;)

Yeah the future returns really seem like a no brainer on this one. By the time I figured out about coin mining everything seemed so impossible, but this one really seems like it could be a profitable thing.

Sick content has to be upvoted & resteemed.

Thanks.

Wow.. Wonderful and creative article about cloud mining...😊

Very colorful post and really helpful @supermeatboy..
Plz let me know what is your idea about Swiss gold global and gensis mining services...?
Upvoted and Cheers...😊👌👍

GLad you liked it !

I can´t comment on SGG, as i know next to nothing about them.

Genesis mining has all the negative aspects i pointed out here and can not really compete against this concept.

Thanks for your reply..🤗😊

im vote you ..please vote back

Very interesting idea using renewal energies to mine cryptocurrency, im gonna check the project
Thanks for sharing this information

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