Topic: [ANN] HydroMining | Green Mining, environmentally friendly and profitable - page 58. (Read 40869 times)

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.

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.

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.

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.

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!




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.

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

"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/

Yeah, most of the cloud mining sites are a scam. But HYdroMining isn't, atleast not from what i've seen so far.

"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 Damblon is the CEO of HydroMiner. Ms. Nadine Damblon began crypto mining in 2014 and clearly has a passion for the field. At the company she manages business development, strategic planning and networking.

Nicole Damblon is the CFO of HydroMiner. The two sisters actually began crypto mining together in 2014, in Dusseldorf. Ms. Nicole Damblon grew their HydroMiner venture right from the start in their apartment. She moved to Vienna in 2016 to be HydroMiner’s CFO.
[...]
HydroMiner is a company to watch, as they are not only a cryptocurrency mining company but also use green energy from hydro power stations from the beautiful alpine region of Europe."


Who is lying?

makes "us"? You belong to the team?

Hey guys

Please read the newest blog post that explains why many people consider cloud mining to be a scam and what makes us different from the rest.

https://www.hydrominer.org/many-people-consider-cloud-mining-scam/

still doesn't exist as for now...

There are districts in China and India where the industrial grade prices are a bit lower (non state-subsidized). Good example state-subsidized electricity are the UAE.

Mining operations and exchange rate speculations are two different things. In the moment when another coin is more profitable and you still belong to a coin with lower profitability because you think it is undervaluated, you are loosing money and you start to speculate with investors money on higher exchange rates.

The space requirement is linked/limited to the generated electricity of the power station. Expanding means to lease an additional power station.

Good questions

50 ETH per person. Roughly $15k each

Very promising project concept. Some questions and comments:

1) The hydro power station is not owned by you - I presume Austrian Gov owns them, hence, leasing is subjected to control.
2) The land next to the hydro power station is limited - Who owns it and how do you intend to expand?
3) How many and do you intend to expand into other hydro power stations - after you collected investors money?
4) Could you also work out the estimated ROI for an investor of 50 eth, base on your 80% profit distribution.
5) Can you make a comparison of a typical mining operation cost in China and Hydrominer?

Again, great idea, but need to address some pointers.

Thank you for clearifying. That was a mistake of mine not being properly informed before asking. Thanks.

Hello Tidsdilatation,

mining will be switched as the team sees more profitable in every moment. There are other factors to take into account apart from current mining profitability, such as the perceived undervaluation of a certain coin.

Check out this site: https://whattomine.com/ and you will see that currently Ethereum is the 3rd most profitable coin to mine with GPU.

And also check out this article from the HydroMiner team to learn more from the approach to coin selection:
https://www.hydrominer.org/what-does-hydrominer-mine/

Project looks great. I am participating in the bounty only becourse i belive in it and is thinking about doing something similuar in Sweden. I got one question tho. Why the focus on ETH in the whitepaper? Eth is by far not the most profitable coin to mine with GPUs, especially not with nvidia GPUs. Zcash is far better on that.

I don't know about any countries with prices lower than that, except for some cases where energy is state-subsidized, which means that the subsidies can end at any moment (like it has happened recently in Argentina) and are also often limited to small home consumption. And of course you also have to consider the availability of a reliable energy distribution network, security around the site, and many other factors.