HydroMiner is a crypto currency mining company using green energy drawn from hydro power stations in the Alpine region of Europe. Hydro power is generally thought to be one of the most effective and lowest-cost renewable energy resources.
Not only is hydro power mining ecologically friendly, but it is also very profitable. Our cost of electricity is currently 85% lower than the average in Europe.
HydroMiner mines all scalable cryptocurrencies. HydroMiner is also flexible about the mining pools it uses, depending on payouts and liquidity among other factors.
HydroMiner already has rented two hydro power stations. Check out our video to see them and the mining rigs in action.
We are great at building mining rigs.
Where possible, mining equipment is built inside standard sea freight containers. The advantage is that containers can easily be assembled near our headquarters in Vienna, Austria, and then taken to the hydro power station.
Another advantage is that we have a proven method for equipping containers with mining gear using extremely effective cooling and ventilation equipment. In addition, the container can be moved to another location very quickly if needed, sometimes depending on water levels or the need for extensive maintenance to the power station’s turbines.
The average cost for one fully equipped container is between 350.000 and 650,000 USD, depending on the hardware used and the cooling technology.
HydroMiner’s pricing structure is based on available power that can be used for mining. HydroMiner will ensure that the energy is used most efficiently for the largest mining gains.
We believe this represents a much better approach than the usual method of paying per hashrate, as the power of networks increases continuously and proceeds based on hashes can erode very quickly.
We currently have two hydro power station fully operational.
Schönberg in Lower Austria (Hydro 1).
Murau in Styria (Hydro 2).
Using the proceeds of the ICO, the HydroMiner team will equip more hydro power stations in the Alps. HydroMiner has several options for power stations. In Styria, for example, there is an option to place units in containers at a facility with an output of up to 12,000 kW. Other smaller facilities are also available in southern Germany, with a range from 500 kW to 4,500 kW.
We evaluated raising capital between a Blockchain crowdfunding campaign and traditional fund raising and concluded that utilizing an Ethereum ERC20 token would be the optimal fundraising method to achieve our vision.
Tokens acquired in the Token Sale can be exchanged for mining time starting from February 2018. Our mining contracts will be based on kwH – the calculation is based on the energy consumed.
We plan to have the following mining packages, available in terms of 24 months:
- Basket of altcoins
To exchange H2O tokens for mining time, H2O token holders have to register on our platform. H2O tokens can then be credited towards mining time. Each H2O token can be exchanged for a specific period (and a specific energy consumption) in which you will be able to use our mining farm. You may choose to use the mining farm for any coins that we offer on our platform.
The ICO will be conducted on the Ethereum Network. We have developed our own proprietary smart contract, which has been audited by two independent consultants.
The Token Sale starts October 18th, 10.00 UTC.
H2O Tokens are immediately transferable. You can transfer them to any ERC20 supporting wallet (any wallet that would also be able to participate in the ICO; for example MyEtherWallet, Mist, or imToken. Please make sure to set the Gas Limit to 200,000 when transferring tokens.
There are no limitations. Since our token is not a security, we are not excluding any country from the Token Sale. Of course, you still have to do your own due diligence if you can legally participate in the Token Sale in your country, and we are not giving any legal or investment advise. Please see our complete Token Offer Document for more details.
During the ICO, you can participate in buying H2O tokens by sending ETH to the address listed on this website shortly before the commencement of the ICO. After the ICO, you will be able to buy H2O tokens on any participating exchange.
Yes, it will be determined dynamically based on gas price.
Payment withdrawals from the HydroMiner Platform wallet can be initiated any time. Mining revenue is credited weekly.
The current rate is 0.158 MH/watt.
Hardware is being exchanged and renewed as needed.
We can’t tell you our exact timeline on the exchange and upgrade of hardware.
It was a learning by doing process since 2014 when the sisters started mining and our now perfectly working renewing cycle is one of the reasons HydroMiner is so successful!
By the way, in 2018 people will be able to buy our outdated hardware for a cheap price on the HydroMiner website.
For a very detailed Answer, check out our Whitepaper at: https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf on Page 14 and 15. In short: if and when it happens, there are still many other profitable coins to mine.
HydroMiner is trying to solve the problem of “small mining operations”, or to state it differently, to enable smaller investors to join profitable mining operations.
In addition to that, we address the unfair payment of most cloud mining operators.
Investors are buying vouchers for mining that can be exchanged for mining time starting from March 2018.
Just to name a few:
CEO – Nadine Damblon (https://www.linkedin.com/in/nadine-damblon-243679147/) – has beein mining since 2015. She is the person keeping this team together and managing the operation.
CTO – Christian Vogl (https://www.hydrominer.org/profile/christian-vogl/) – expert in hardware supply and network infrastructure.
Advisor – Jonas Sevel Karlberg (https://www.linkedin.com/in/jonassevelkarlberg/) – one of the advisors and helpers of Bancor (one of the biggest ICOs yet).
HydroMiner has already rented out two power generating facilities in Schönberg and Murau (Austria). They also have a call option to buy one of the properties.
Yes! The HydroMiner project and ICO is more than an idea, we have already rented two hydro power stations. This ICO is about scaling the mining operation by acquiring more hydro-power-plants and thus enabling eco-friendly mining and profits for investors.
Please see our Token Sale page.
Pros: Participate in green, eco-friendly mining.
Cons: Ether price could go down, and thus the time required to get the investment back can increase.
The Smart Contract will be audited by an external security company and the report will be published.
On an ongoing basis from 2018, we strive to have transparency by publishing monthly reports showing all operational expenses and revenues.
You can find a video here: https://vimeo.com/233496544.
Andreas of BTCBusinessConsult also visited us recently and had a look at one of the power stations: https://www.youtube.com/watch?v=Nc9cxWnp30o&feature=youtu.be
To mine using a GPU is a lot more flexible than to mine Bitcoin over an ASIC miner. Why? Well, an ASIC miner for SHA256 (Bitcoin) will not be able to mine other cryptos, unless they are also based on SHA256. On top of that, besides SHA256, there are no really interesting coins that we believe will have a future.
There have been reports that skiing resorts have had less snow in recent years.
This can not be easily generalized. After reports from wwf the development of diverse water bodies in Austria will see an increase of about 70% by 2017.
The less competition in mining, the better for us.
This will allow us to make a bulk order on mining equipment and get better discounts. An ICO is also a great to build and connect with a community of mining enthusiasts!
There are many advantages: You don’t need to assemble anything, you don’t need to battle the loud noise and heat coming out of the miner, you don’t have the risk that the hardware fails you.
Mining is sustainable now, and has been since day one. We believe that there will always be a cryptocurrency that will be profitable to mine.
There are companies using solar energy for mining, but we believe that hydro power is the better solution for cryptocurrency mining. We are using the water from our power plants to cool down the mining equipment, greatly reducing our overall required energy and cost.
The efficiency of mining gear gets higher and on the same time more people mine, meaning the difficulty to mine a cryptocurrency raises. This raise in difficulty is equivalent to a lower profit per initial hash.
By using the kwH system every owner will receive the same dividend, independent when they’ve acquired the H2O token.
We rent hydro power stations that have stable reports on the water levels and which are able to continuously produce power.
We are in the process of incorporating in Vienna, Austria, as a Limited Liability Company.
We at HydroMiner expect cryptocurrency and value of cryptocurrency to raise over the next few years and with this, the HydroMiner project.
Just imagine if you started mining five years back, your profits right now would be immense.
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 for 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 over payment for under performance. This is why it is more interesting for hydro power stations that are over 10 years old to lease to us.
We actively contact owners and find more through our expanding focus. Our first geographic focus is Austria (Lower Austria) and Southern Germany.
The calculator is based on power consumption estimates over the course of the next two years when contracts will run. It incorporates decreasing power consumption and prices for hardware, that’s is why its not directly comparable with just today’s pricing. You can simulate the mining difficulty changes manually with the slider.
We have at least 75m H2O tokens after the ICO to sell, so it will be a long time until we run out of tokens. After we do, we will offer normal mining contracts. The price of H2O is subject to market forces as well as our own pricing for the remaining tokens when we sell them.