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

[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 co-founded HydroMiner in 2016 with her sister, Nicole."
https://www.hydrominer.org/team/

[Aerys2]

Mmmm... Maybe just a mistake... Hopefully.

[Saint-loup]

Yes but saying they have a company with a CEO, a CFO, a CTO, a CMO etc is a big lie! https://www.hydrominer.org/team/
Shame on them!

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

And I still don't understand how they could rent hydro power stations without being a regular company.
So I really think it's a scam.

[Nadine000]

So one more time, I hope the team will explain us how they could rent power stations without having a registered company.
And I hope they will post some of their contracts.

Basically you can rent such a place as an individual as well, in the case of hydrominer it is currently rented with a company of one of our investors from Vienna, Austria.
As explained, the company plans to incorporate, however this process will be started once there is an indication of the level of funds that will be raised.
In fact the team has been in touch with lawyers in Austria (actually also the same team that consulted Heroes) and Switzerland. To establish a company that will allow fundraising to a certain extent.

However and it must be made clear, there is currently no company or group of people that could possibly claim a to have or to conduct an ICO in an existing legal framework. Mainly because there is no such framework anywhere in the world and furthermore because unless the ICO is completely local and all permissions in this particular place are in place. The typical ICO that aims at an international audience would therefore need to have legal documents from authorities of each country where the coins are sold including KYC and AML compliance for each investor, which in the case of cryptowallets is basically impossible.

ICO´s are a great way for startups to raise money in a completely unregulated und unchartered territory, its absolutely clear to everyone that this comes with high risks, for the management of ICO´s as well as the investors and this is what this forum is about, to answer crucial questions, make everybody aware of unclear aspects of ICO´s etc.

So the good thing here is that conducting an ICO is a risk and therefore the one who does it must be very cautious with the funds they receive, which is in fact good news to investors.

What does not work is in my humble opinion to try to bring these 2 worlds together, the totally overregulated world of finance where providing and raising funds has become a privilege of few state regulated entities that can afford the increasing governance and regulatory hurdles and the worlds of ICO´s that is based on trust and a network of individuals that reach out to the team, the advisors and actually visit the business by their own to make their own judgement.

If one wants to invest in the old world of finance, well 99.9999% of all financial products in the world are regulated and there is plenty out there.
If one wants to regain the freedom to make your own investment decisions, then ICO´s are a miniscule market where this can work.

[cryptomeo]

i support you, sister. i believe you could get some hype around it soon.
The crypto need more girl powers!

i wanted to join in the promo/bounty campaign too. Hope i could reach the rank to participate soon.

[matthona]

Its very hard to have faith in any cloud mining sites now as majority of them are scam and that we have witnessed in the past and the team of hydromining need to prove the credibility of their project to get more investors.

[Nadine000]

awesome project, but one question though.

I dont know why the team told us about the location? is it safe for you, because a lot of mining company never told us about their locations, what about the security?

Thank you

Good point. We decided to show a video of one of the locations where the mining euqipment is actually inside the powerstation. In the other location(s) we have containers and we do not want to reveal the exact location of these, as it would indeed increase the risk of the equipment being stolen. However, all equipment is of course insured.

[aalmina82]

awesome project, but one question though.

I dont know why the team told us about the location? is it safe for you, because a lot of mining company never told us about their locations, what about the security?

Thank you

Good point. We decided to show a video of one of the locations where the mining euqipment is actually inside the powerstation. In the other location(s) we have containers and we do not want to reveal the exact location of these, as it would indeed increase the risk of the equipment being stolen. However, all equipment is of course insured.

I don't understand what can you do if you know location??  It is normal to see and it is normal to be real location. In any other way, this can be scam.

that is my opinion.

[Nadine000]

I don't understand what can you do if you know location??  It is normal to see and it is normal to be real location. In any other way, this can be scam.

that is my opinion.
[/quote]

Since we use containers to store our mining rigs and the hydroplants where they stand are in remote locations, it is, despite surveillance, risky to publish the exact locations. And it is not normal for mining farms to publish their location on the internet, it is also a business secret where exactly we get the cheap power from. But we can offer you a private tour if you are interested. I hope you unterstand our precautions.

[aalmina82]

Since we use containers to store our mining rigs and the hydroplants where they stand are in remote locations, it is, despite surveillance, risky to publish the exact locations. And it is not normal for mining farms to publish their location on the internet, it is also a business secret where exactly we get the cheap power from. But we can offer you a private tour if you are interested. I hope you unterstand our precautions.
[/quote]

But we can offer you a private tour if you are interested.

Can I join? It's gone be interesting to "see" where is our money. If you gone organize in sometime, please call me also.

And it is not normal for mining farms to publish their location on the internet, it is also a business secret where exactly we get the cheap power from.


why you so secret, if you have protection, you don't need to bother if someone know location. Project like this need to have invest in security and others, it is normal.

[dannyyppace]

The magnificent image of HYDROMINING cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

[tylerbastyan]

To give real service, you must add something which cannot be measured or bought with any kind of currency.Best wishes for HydroMining.

[chocobo21]

To give real service, you must add something which cannot be measured or bought with any kind of currency.Best wishes for HydroMining.

What would that be? If you're peddling a physical thing, then it must be measured!

[ealarry]

There have been competitors for this token and there is no way to compare it! Myst is one step ahead!  The team is small but are strenuous and are working to deliver what they said earlier.

[thehun]

A few questions recently addressed by the HydroMiner team:

Do you own the hydro power stations? If not, who does?
No, we lease them. Austria has over 2,800 small hydro power stations feeding into the electricity grid. Most of them are owned by private individuals, only the larger ones are owned by the large power companies. One hydro power station we are currently leasing is owned by a private individual, the other is owned by a small company as part of a small agricultural enterprise.

Why do they rent to us and not sell power directly?
The answer is a bit complex. In Austria and Germany, there are different incentive programs for eco-friendly power. In Austria, there are grants for building hydro power stations and there is an incentivized guaranteed energy price of around 10cent/kW for 10 years. After the 10 years expire, power companies pay a wholesale price of 2.5-3 cent/kw, and there are a whole set of stipulations, like overpayment for underperformance. This is why it is more interesting for hydro power stations that are over 10 years old to lease to us.

How are you finding new hydro power stations? Where do you intend to expand?
We actively contact owners and find more through our expanding focus. Our first geographic focus is Austria (Lower Austria) and Southern Germany.

[msukairi]

The problem is the majority of cloud mining are scam , i hope this ICO is legit. 

[DigDeepMining]

I've seen other "green" projects like this in the the past, long gone now with peoples money, what makes you different?

Nowhere on your site do you mention what hardware you will use

lol I'll just leave this here...
Minimum investment 50 ETH

[thehun]

New article on HydroMiner

https://steemit.com/hydrominer/@danizaharie/top-five-advantages-of-investing-in-hydrominer

[cercitolga4545]

I believe in this project. Cloud is not the same as mining. Hydrominer's soul is another. Cheap electricity consumption, nature friendly production

[thehun]

I've seen other "green" projects like this in the the past, long gone now with peoples money, what makes you different?

Nowhere on your site do you mention what hardware you will use

lol I'll just leave this here...
Minimum investment 50 ETH

The difference is that anyone can schedule a tour and visit the rigs to see them live.

50 ETH is the minimum for the presale, no minimum for the actual main sale.