Mining is the process of adding transaction records to the blockchain’s public ledger of past transactions by bundling transactions into blocks. Miners participate in a race to validate these blocks, the first miner to validate a block receives a fraction of the cryptocurrency as a reward. The most common and proven form of mining algorithm today, is the Proof-of-Work consensus algorithm. In the early days of cryptocurrencies you could mine on your home computer but these days are long gone. Now you need to
order highly specialized hardware that consumes vast amounts of energy. A big part of the mining is still done in China, around 70%, where they use a lot of fossil fuels. This needs to be changed! HydroMiner tackles this problem by only using renewable energy to make the blockchain future-proof. The hardware is deployed directly into hydro power stations where the temperature is cool and the energy supply is stable.