HydroMiner is an innovative project based in Vienna, Austra that aims to mine bitcoin and other cryptocurrencies using hydroelectric power from the Alpine region of Europe. By using hydroelectric power, the cost of mining becomes substantially lower than using electricity from a traditional power station, allowing HydroMiner to generate significant profits that will allow the project to expand and reward its investors.
Because hydroelectric power is so affordable, HydroMiner will save as much as 85 percent on electricity by using it compared to the average of Europe. The project will use sea freight containers to store the computer hardware and other mining equipment, as well as to keep the equipment cool. The advantage to using sea freight containers is that they can quickly be assembled and disassembled and moved from one location to the next. Using sea freight containers will thus allow the project to expand or relocate when needed.
The H2O mining tokens being issued for the initial coin offering (ICO) can be used as vouchers that can be exchanged for mining contracts. Those who purchase tokens during the ICO will be given special discounts, since the money derived from them will be used to implement the project’s plans. Token holders will be able to decide which cryptocurrency or basket of cryptocurrencies they want to invest in using H2O tokens. If any currencies become unprofitable, HydroMiner will allow those who have bought contracts to switch to alternative coins. Each token will be worth five kwH (kilowatt hours) for 24 months. Token holders will receive net profits on a daily basis, with 10 percent of net profits used by the project to maintain the equipment and cover expenses for the project.
The founders of HydroMiner are sisters Nadine and Nicole Damblon. Nadine is the CEO and Nicole is the CFO of the project. They have been mining cryptocurrencies profitably since 2014, and thus know the industry very well. They believe in transparency, unlike many mining projects currently on the market, and that transparency will be the key to attract investors and allow the project to expand in a way that will be mutually beneficial to the managers of the project and investors.
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