Hey everyone. There were some additional changes in the White Paper:
In order to offer the most profitable option for investors, there will only be a 24 months plan
1 H2O = 5kwH
The mining proceeds will be credited to the web wallet daily
Topic: [ANN] HydroMining | Green Mining, environmentally friendly and profitable - page 41. (Read 40869 times)
October 13, 2017, 02:49:15 PM
October 13, 2017, 01:21:45 PM
Considering the latest changes to the ICO:
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. H2O is a voucher for 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.
Each token can be exchanged to 1 kwH of mining power for a specific time (12, 18 or 24 months). The resulting net mining proceeds are paid out to the user’s HydroMiner platform wallet. 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.
2. Team will have 10% of profits + after time contract with investor all equipment will be at possession of HydroMiner
I presume you are refering to this on page 19 of WP
Contract Mining Currency Term (Months) Total
Return
1,000 H2O BTC 12 3,350.6
1,000 H2O BTC 18 3,909.4
1,000 H2O BTC 24 5,584.7
1,000 H2O ETH 12 3,659.7
1,000 H2O ETH 18 4,270.2
1,000 H2O ETH 24 6,099.5
I cannot understand this table I presume 1000 H2O is 10 ETH in cost -~ $3000 -so take a 12 month term and you get $3,659.70 back ? and if you take at 24 month contract you get $6099.50
I am not sure if this is correct
https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf
page 20
October 13, 2017, 08:34:32 AM
Building a mining plant is very interesting idea. You would like to attract investors as much as possible but you don't demonstrate your current equipment. From videos on your site I see only non professional build of GPU rigs. The using of plywood is unsafe at least. It is suitable for home single rig (at a big stretch) but it doesn't suite for a mining plant.
You also said about "environmentally friendly". Do you have a project how to make mining heating useful? For example to warm water for a house or so on. Please give more info about your technical solutions.
Anyway I wish a success for your project and will follow of the development
You also said about "environmentally friendly". Do you have a project how to make mining heating useful? For example to warm water for a house or so on. Please give more info about your technical solutions.
Anyway I wish a success for your project and will follow of the development
Heating water with the created mining heat is useful but you do not necessarily need it to be considered environmentally friendly. They use water power to power the mining facilities. This is enough for the beginning. If the project is successful longterm then they could consider to increase the environmental friendliness.
October 13, 2017, 07:45:31 AM
HydroMiner ICO added - ICOTRACKER.NET https://icotracker.net/project/hydrominer
https://twitter.com/Kaznachej123/status/918819735571222528
https://twitter.com/Kaznachej123/status/918819735571222528
October 13, 2017, 07:15:11 AM
this is a great project!!!So nice!! i like it 
October 13, 2017, 05:29:22 AM
Building a mining plant is very interesting idea. You would like to attract investors as much as possible but you don't demonstrate your current equipment. From videos on your site I see only non professional build of GPU rigs. The using of plywood is unsafe at least. It is suitable for home single rig (at a big stretch) but it doesn't suite for a mining plant.
You also said about "environmentally friendly". Do you have a project how to make mining heating useful? For example to warm water for a house or so on. Please give more info about your technical solutions.
Anyway I wish a success for your project and will follow of the development
You also said about "environmentally friendly". Do you have a project how to make mining heating useful? For example to warm water for a house or so on. Please give more info about your technical solutions.
Anyway I wish a success for your project and will follow of the development
October 13, 2017, 04:42:19 AM
Hello all!!
Here are the latest news about the ICO. Don't miss it! It starts on October 18th!
https://www.theinvestzone.com/2017/10/13/hydrominer-ico-token-sale-starts-october-18th/
Here are the latest news about the ICO. Don't miss it! It starts on October 18th!
https://www.theinvestzone.com/2017/10/13/hydrominer-ico-token-sale-starts-october-18th/
October 13, 2017, 04:26:26 AM
Why is every ICO scared of being a security ? Isn't that weird a little ?
October 13, 2017, 03:36:09 AM
can you explain a little bit more about mining specificly ?
October 13, 2017, 03:32:11 AM
This is a great promotional document, the data is very detailed, examples are clear enough, long-term attention to this project
October 13, 2017, 03:28:51 AM
The white paper has been updated with the new information:
Mining Proceeds
Each token can be exchanged to 5 kwH of mining power for a specific time (12, 18 or 24 months). The resulting net mining proceeds are paid out to the user’s HydroMiner platform wallet. 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.
Mining Proceeds
Each token can be exchanged to 5 kwH of mining power for a specific time (12, 18 or 24 months). The resulting net mining proceeds are paid out to the user’s HydroMiner platform wallet. 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.
October 13, 2017, 02:58:12 AM
Hey everyone. I know you have many questions and concerns, so please wait for the profitability calculator. I'm sure it will show you how profitable this ICO still is. Thanks!
October 13, 2017, 02:28:27 AM
I am concerned!
The changes are flawed, now my watt who worked forever is only worth some time and this is not clear at all, what I get for my H2O token.
A good concept was changed out of concern. Really sad!
Would be good to get these cleared up, at the meantime, I am out.
The changes are flawed, now my watt who worked forever is only worth some time and this is not clear at all, what I get for my H2O token.
A good concept was changed out of concern. Really sad!
Would be good to get these cleared up, at the meantime, I am out.
And it will be cleared out with the profitability calculator. Keep watching this thread as we will notify you here once it's published. I'm sure you will be pleasantly surprised.
October 13, 2017, 02:25:22 AM
A white paper and 3 pictures is enough to sell mining farm worth millions? no body told me, time to change my activity token name and hire a white paper writer.
The new contract isn't very clear for me!
* H2O token is a voucher for mining time. What will happen with the tokens after a specific period has ended? For example: when you chose a contract for 12 months. After 12 months, you can use the same token for a new contract or it will be lost/burnt? If lost/burnt, it will be better to choose a contract for a longer period? 24 or 36 months? Or will it be refund together with the net mining proceeds?
* When will net mining proceeds be paid out? Monthly or at the end of the period?
In which currency will the net mining proceeds be paid? Or will all currencies be exchanged to ETH?
* New calculator test available now at the HydroMiner website!
When I did some simulations in the past with the old calculator, this seemed to be more profitable than with the updated version! :-(
You are burning the tokens when using them for mining, they should last for a life time, if not then what happens when every body burned their tokens?* H2O token is a voucher for mining time. What will happen with the tokens after a specific period has ended? For example: when you chose a contract for 12 months. After 12 months, you can use the same token for a new contract or it will be lost/burnt? If lost/burnt, it will be better to choose a contract for a longer period? 24 or 36 months? Or will it be refund together with the net mining proceeds?
* When will net mining proceeds be paid out? Monthly or at the end of the period?
In which currency will the net mining proceeds be paid? Or will all currencies be exchanged to ETH?
* New calculator test available now at the HydroMiner website!
When I did some simulations in the past with the old calculator, this seemed to be more profitable than with the updated version! :-(
There will be an ongoing sale for H20 tokens, so you could purchase the tokens again and profit. As I said, please wait for the profitability calculator before making any decisions.
October 13, 2017, 02:23:29 AM
To sum this up:
You already did a pre-sale with a whitepaper telling 1 H2O Token is 1 Watt mining power over 20 years and now you have changed that?! WTF?!
You already did a pre-sale with a whitepaper telling 1 H2O Token is 1 Watt mining power over 20 years and now you have changed that?! WTF?!
Most of the presale investors have already been contacted and offered a refund, but they decided to participate regardless of the change. If there is any presale investor that wants a refund, please notify me here. However, I would suggest to wait for a profitability calculator that will show you that investors will still profit from the ICO.
October 13, 2017, 02:18:28 AM
Yeah, calculator will be a good tool to forecast the profits
October 13, 2017, 12:30:28 AM
I am concerned!
The changes are flawed, now my watt who worked forever is only worth some time and this is not clear at all, what I get for my H2O token.
A good concept was changed out of concern. Really sad!
Would be good to get these cleared up, at the meantime, I am out.
The changes are flawed, now my watt who worked forever is only worth some time and this is not clear at all, what I get for my H2O token.
A good concept was changed out of concern. Really sad!
Would be good to get these cleared up, at the meantime, I am out.
I sure it will get fixed
They are going to bring out a calculator see
https://www.hydrominer.org/token-sale/
pretty sure they have the wrong numbers in table on page 20 of the WP
IE on 24 months it should be 2000 H2O instead of 1000 H2O --
October 13, 2017, 12:23:41 AM
Considering the latest changes to the ICO:
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. H2O is a voucher for 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.
Each token can be exchanged to 1 kwH of mining power for a specific time (12, 18 or 24 months). The resulting net mining proceeds are paid out to the user’s HydroMiner platform wallet. 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.
2. Team will have 10% of profits + after time contract with investor all equipment will be at possession of HydroMiner
I presume you are refering to this on page 19 of WP
Contract Mining Currency Term (Months) Total
Return
1,000 H2O BTC 12 3,350.6
1,000 H2O BTC 18 3,909.4
1,000 H2O BTC 24 5,584.7
1,000 H2O ETH 12 3,659.7
1,000 H2O ETH 18 4,270.2
1,000 H2O ETH 24 6,099.5
I cannot understand this table I presume 1000 H2O is 10 ETH in cost -~ $3000 -so take a 12 month term and you get $3,659.70 back ? and if you take at 24 month contract you get $6099.50
I am not sure if this is correct
https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf
page 20
October 13, 2017, 12:08:24 AM
I am concerned!
The changes are flawed, now my watt who worked forever is only worth some time and this is not clear at all, what I get for my H2O token.
A good concept was changed out of concern. Really sad!
Would be good to get these cleared up, at the meantime, I am out.
The changes are flawed, now my watt who worked forever is only worth some time and this is not clear at all, what I get for my H2O token.
A good concept was changed out of concern. Really sad!
Would be good to get these cleared up, at the meantime, I am out.
October 12, 2017, 11:58:14 PM
Considering the latest changes to the ICO:
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. H2O is a voucher for 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.
Each token can be exchanged to 1 kwH of mining power for a specific time (12, 18 or 24 months). The resulting net mining proceeds are paid out to the user’s HydroMiner platform wallet. 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.
2. Team will have 10% of profits + after time contract with investor all equipment will be at possession of HydroMiner
I presume you are refering to this on page 19 of WP
Contract Mining Currency Term (Months) Total
Return
1,000 H2O BTC 12 3,350.6
1,000 H2O BTC 18 3,909.4
1,000 H2O BTC 24 5,584.7
1,000 H2O ETH 12 3,659.7
1,000 H2O ETH 18 4,270.2
1,000 H2O ETH 24 6,099.5
I cannot understand this table I presume 1000 H2O is 10 ETH in cost -~ $3000 -so take a 12 month term and you get $3,659.70 back ? and if you take at 24 month contract you get $6099.50
I am not sure if this is correct
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