A new day, and a brief look at a new initial coin offering. This time, one that looks very promising in HydroMiner.org, a new mining operation based in the Austrian Alps. HydroMiner is a cryptocurrency mining company using green energy drawn from hydropower stations in the Alpine region of Europe.
Hydropower is generally thought to be one of the most effective and lowest-cost renewable energy resources. It is environmentally friendly, carbon-neutral and natural. Hydropower allows them to manage resources sustainably and enables low-emission production.
Not only is hydropower mining ecologically friendly, but it is also profitable, with the team expecting ROI within 8 months. HydroMiner plans to mine all scalable cryptocurrencies. The decision as to what currency to mine is made by software algorithms, which choose the best option available at any moment. HydroMiner is also flexible about the mining pools it uses, depending on payouts and liquidity among other factors.
Origins of company founders Nadine and Nicole Damblon
The mining roots of the Damblon sisters go back to 2015 when they built their first rig. Since then they have managed to scale the operation by renting out two hydropower plants and connecting more than 1000 GPUs in sea freight containers.
Why an ICO?
This initial coin offering is about scaling the mining operation by acquiring more hydro-power-plants and thus enabling eco-friendly mining and profits for investors.
So the token created out of their ICO will be used to generate a potential % return for token holders, while the HydroMiner team get their share of potential mining profits. For this to be fair, the team behind HydroMiner will be:
- Ordering Equipment
- Assembling hardware
- Maintaining and renewing the hardware
- Identifying and leasing new hydropower stations
H2O Tokens
Token Price – Normal (no discounted price): 0.01 ETH
Presale
Start: Monday, September 25, 2017, at 10:00 UTC
How Long: 1 week.
Minimum participation: $10.000
Discount for the Pre-Sale: 25%
Token Cap: 500.000 H2O Tokens (1.500 ETH)
Initial Coin Offering (ICO)
Start: Tuesday, October 3, 2017, at 10:00 UTC
How Long: 5 weeks
Minimum participation: 1 Token
Discount for the Pre-Sale: From 20% to 0%
- Week one: 20%
- Week two: 15%
- Week three: 10%
- Week four: 5%
- Week five: 0%
Token Cap: 25,500,000 H2O
Timeline
Great to see miners starting to take their environmental impact seriously.