[ANN] HydroMining | Green Mining, environmentally friendly and profitable

[Xandan]

This is too much for me to participate in presale as minimum is set at 50 ETH but since project is very interesting and potential of course is very high. I will keep in touch and in next round which will be main funding with more flexibility to invest, in that will invest some amount of money.

[nnekic86]

hello

If I understand project, with investing in this, we need equipment from you? And this equipment is configure for HydroMining?

 

Hello ekurtovic,

no, the equipment is purchased, operated and maintained by HydroMiner. Token holders receive their share of the mining profits (minus fees and token buy back program).

how much we need to purchase and how is look like that equipment? I read somewhere we need container, can we use our property?   

Maybe U didn't understand. With buying tokens U invest in HydroMiner and they have money for building these miners which they use electricity from Hydro power station...

This could help U to understand
https://coinidol.com/hydrominer-ico-cryptocurrency-mining-using-green-energy-in-the-alps/

[btcminer49er]

This is too much for me to participate in presale as minimum is set at 50 ETH but since project is very interesting and potential of course is very high. I will keep in touch and in next round which will be main funding with more flexibility to invest, in that will invest some amount of money.

Wait, is minimum 50 ETH per person, or is minimum 50 ETH for project in whole???

[kosarkas]

Presale will begin on Monday, September 25, 2017. Minimum participation is 50 ETH per person. The Token Sale will begin on Monday, October 3rd, 2017 at 11:00 GMT with the minimum purchase of 1 H2O.

[kosarkas]

Two new blog posts:

https://medium.com/@kevin.benckendorf/the-success-story-of-two-austrian-sisters-in-the-cryptocurrency-world-a423781c5092
https://steemit.com/mining/@cryptofunk/where-do-cryptocurrencies-come-from-hydrominer-ico

[Adriano2010]

How much is minimum investment for who want to buy this token and how long will be ICO ? 0.01 or 50 ETH?
And how much % will bring 1H2O?

[eneloop]

And how much % will bring 1H2O?

Nobody can tell you that for sure. Revenue is depending on difficulty und exchange rate. The lower the diff. and the higher the exchange rate the higher is the profit. The gap between diff. and exchange rate is driven by the price of electricity. To be more precise: It is driven by the price of electricity where the big players have their mining operations located.

But hydeo is renevable, so it should, in theory lower the power cost close to 0

Don't forget about insurance, security, maintenance, repairs,... in real they have between 4.25 and 4.50 cent/kWh (see whitepaper). This is very cheap within Europe, but there are still countrys out there with lower prices.

What happens once the operational costs are higher than the revenue? In that case tokens are worth nothing.

[thehun]

And how much % will bring 1H2O?

Nobody can tell you that for sure. Revenue is depending on difficulty und exchange rate. The lower the diff. and the higher the exchange rate the higher is the profit. The gap between diff. and exchange rate is driven by the price of electricity. To be more precise: It is driven by the price of electricity where the big players have their mining operations located.

But hydeo is renevable, so it should, in theory lower the power cost close to 0

Don't forget about insurance, security, maintenance, repairs,... in real they have between 4.25 and 4.50 cent/kWh (see whitepaper). This is very cheap within Europe, but there are still countrys out there with lower prices.

What happens once the operational costs are higher than the revenue? In that case tokens are worth nothing.

I don't know about any countries with prices lower than that, except for some cases where energy is state-subsidized, which means that the subsidies can end at any moment (like it has happened recently in Argentina) and are also often limited to small home consumption. And of course you also have to consider the availability of a reliable energy distribution network, security around the site, and many other factors.

[Tidsdilatation]

Project looks great. I am participating in the bounty only becourse i belive in it and is thinking about doing something similuar in Sweden. I got one question tho. Why the focus on ETH in the whitepaper? Eth is by far not the most profitable coin to mine with GPUs, especially not with nvidia GPUs. Zcash is far better on that.

[thehun]

Project looks great. I am participating in the bounty only becourse i belive in it and is thinking about doing something similuar in Sweden. I got one question tho. Why the focus on ETH in the whitepaper? Eth is by far not the most profitable coin to mine with GPUs, especially not with nvidia GPUs. Zcash is far better on that.

Hello Tidsdilatation,

mining will be switched as the team sees more profitable in every moment. There are other factors to take into account apart from current mining profitability, such as the perceived undervaluation of a certain coin.

Check out this site: https://whattomine.com/ and you will see that currently Ethereum is the 3rd most profitable coin to mine with GPU.

And also check out this article from the HydroMiner team to learn more from the approach to coin selection:
https://www.hydrominer.org/what-does-hydrominer-mine/

[Tidsdilatation]

Project looks great. I am participating in the bounty only becourse i belive in it and is thinking about doing something similuar in Sweden. I got one question tho. Why the focus on ETH in the whitepaper? Eth is by far not the most profitable coin to mine with GPUs, especially not with nvidia GPUs. Zcash is far better on that.

Hello Tidsdilatation,

mining will be switched as the team sees more profitable in every moment. There are other factors to take into account apart from current mining profitability, such as the perceived undervaluation of a certain coin.

Check out this site: https://whattomine.com/ and you will see that currently Ethereum is the 3rd most profitable coin to mine with GPU.

And also check out this article from the HydroMiner team to learn more from the approach to coin selection:
https://www.hydrominer.org/what-does-hydrominer-mine/

Thank you for clearifying. That was a mistake of mine not being properly informed before asking. Thanks.

[KENZU7]

Very promising project concept. Some questions and comments:

1) The hydro power station is not owned by you - I presume Austrian Gov owns them, hence, leasing is subjected to control.
2) The land next to the hydro power station is limited - Who owns it and how do you intend to expand?
3) How many and do you intend to expand into other hydro power stations - after you collected investors money?
4) Could you also work out the estimated ROI for an investor of 50 eth, base on your 80% profit distribution.
5) Can you make a comparison of a typical mining operation cost in China and Hydrominer?

Again, great idea, but need to address some pointers.

[btcltcdigger]

This is too much for me to participate in presale as minimum is set at 50 ETH but since project is very interesting and potential of course is very high. I will keep in touch and in next round which will be main funding with more flexibility to invest, in that will invest some amount of money.

Wait, is minimum 50 ETH per person, or is minimum 50 ETH for project in whole???

50 ETH per person. Roughly $15k each

[Saint-loup]

Very promising project concept. Some questions and comments:

1) The hydro power station is not owned by you - I presume Austrian Gov owns them, hence, leasing is subjected to control.
2) The land next to the hydro power station is limited - Who owns it and how do you intend to expand?
3) How many and do you intend to expand into other hydro power stations - after you collected investors money?
4) Could you also work out the estimated ROI for an investor of 50 eth, base on your 80% profit distribution.
5) Can you make a comparison of a typical mining operation cost in China and Hydrominer?

Again, great idea, but need to address some pointers.

Good questions

[eneloop]

I don't know about any countries with prices lower than that, except for some cases where energy is state-subsidized

There are districts in China and India where the industrial grade prices are a bit lower (non state-subsidized). Good example state-subsidized electricity are the UAE.

There are other factors to take into account apart from current mining profitability, such as the perceived undervaluation of a certain coin.

Mining operations and exchange rate speculations are two different things. In the moment when another coin is more profitable and you still belong to a coin with lower profitability because you think it is undervaluated, you are loosing money and you start to speculate with investors money on higher exchange rates.

2) The land next to the hydro power station is limited - Who owns it and how do you intend to expand?

The space requirement is linked/limited to the generated electricity of the power station. Expanding means to lease an additional power station.

[Saint-loup]

The ANN in German will be up tomorrow.

still doesn't exist as for now...

[kosarkas]

Hey guys

Please read the newest blog post that explains why many people consider cloud mining to be a scam and what makes us different from the rest.

https://www.hydrominer.org/many-people-consider-cloud-mining-scam/

[Saint-loup]

Hey guys

Please read the newest blog post that explains why many people consider cloud mining to be a scam and what makes us different from the rest.

https://www.hydrominer.org/many-people-consider-cloud-mining-scam/

makes "us"? You belong to the team?

[Saint-loup]

Two new blog posts:

https://medium.com/@kevin.benckendorf/the-success-story-of-two-austrian-sisters-in-the-cryptocurrency-world-a423781c5092

"The two have founded HydroMiner in 2015, a cryptocurrency mining company dedicated to utilizing green energy from hydro power stations in the Austrian Alps.
[...]
Nadine Damblon is the CEO of HydroMiner. Ms. Nadine Damblon began crypto mining in 2014 and clearly has a passion for the field. At the company she manages business development, strategic planning and networking.

Nicole Damblon is the CFO of HydroMiner. The two sisters actually began crypto mining together in 2014, in Dusseldorf. Ms. Nicole Damblon grew their HydroMiner venture right from the start in their apartment. She moved to Vienna in 2016 to be HydroMiner’s CFO.
[...]
HydroMiner is a company to watch, as they are not only a cryptocurrency mining company but also use green energy from hydro power stations from the beautiful alpine region of Europe."

3. We have not incorporated a company, yet. We are currently in the process of figuring out the best company structure. After legal consultations, we figured out that it largely depends on how big the investment gets - it just has many factors like legal cost, company establishment costs, tax costs, etc. So we will wait until the tokensale is over to establish HydroMiner in the best possible form, maybe even as a stock corporation.  

- Team HydroMiner

Who is lying?

[chocobo21]

Hey guys

Please read the newest blog post that explains why many people consider cloud mining to be a scam and what makes us different from the rest.

https://www.hydrominer.org/many-people-consider-cloud-mining-scam/

Yeah, most of the cloud mining sites are a scam. But HYdroMining isn't, atleast not from what i've seen so far.