Will it be possible to rent Bitcoin hashing power with the H2O tokens?
Your calculator includes BTC, but your FAQ and whitepaper only talkes about GPUs.
"HYDROMINER IS FOCUSED ON GPU MINING. WHAT WAS THE REASON BEHIND THIS CHOICE RATHER THAN OTHER FORMS OF MINING?
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."
Kinda confusing!
I understood it as a way for them to just help us compare in BTC but they're not involved in BTC nor do they mine BTC
This is in their whitepaper:
"We plan to have the following mining packages available in terms of 24 months:
• ETH
• BTC
• ZEC
• Basket of altcoins (for example, ETC, XMR) – to be determined at the time of offering
• Algorithmically determined most profitable mix of coins"
Seems they will offer ASIC miners.
And this makes me worried:
"Mining Proceeds
Each token can be exchanged to 5 kwH of mining power for a specific time (24 months). The resulting net
mining proceeds are paid out to the user’s HydroMiner platform wallet daily.
Net proceeds are mining proceeds minus operational expenses and hardware repurchases. Depending on the market, we expect that net proceeds will be 20-40% of gross revenue. 10% of the mining net profits are distributed to the team. "
Does this mean you rent hashpower, but only get 20-40% of the profits from that hashing power??
