Topic: [ANN] HydroMining | Green Mining, environmentally friendly and profitable - page 60. (Read 40869 times)

Good to see that there is a team connected and that there is a proper description of the project and the idea. However, I would still love to see images of the place where you house your equipment, as it does add a lot of credibility to the project, which has a positive influence on the amount of money that is invested/injected into the project.

Why "Tell you" ? You've already visited their power stations?

Ok but since there is still none ANN in german, people who could visit these places don't even heard about this project...or will you pay me a travel to go there? 

So one more time, I hope the team will explain us how they could rent power stations without having a registered company.
And I hope they will post some of their contracts.

Moreover an uninterrupted video of the inside and the outside of their buildings would be appreciated.

You can get in contact with the team and ask to visit the rigs in person, they organize tours regularly.

These two are one of the most important facts that have to be put into the whitepaper. In the whitepaper it's not clear how the profit is distributed to the stake holders. A posting in this thread counts for almost nothing.
What's your relation with that project? You are a team member or just any random user paid to maintain this thread?

Agree! A lot of fraud already happened with mining operations in the past.

@veranika55
This is still anonymous.

Only to 26M tokens (or as many as sold). The unsold tokens are locked and will be available for purchase in future sales.

We'd love to watch a video without cuts between the outside view and the inside of the building.

 
Could you please explain us how you've rented hydroelectric power stations without being a registered company?
In the White Paper
Schönberg in Lower Austria (Hydro 1)
"HydroMiner rents the whole power station and has a purchase option until the end of 2018."

Murau in Styria (Hydro 2)
"In this location, HydroMiner has rented one turbine and operates with an energy price of 4.25 cents/ kW·h."

And on the picture above you are claiming to rent Freistritz the september 22, Bruck an der Muhr the october 2, Zell am See in november 2017...


How is it possible without having a legal company?

Could you post at least one contract of these rents (even with hidden private informations) ?

3. We have not incorporated a company, yet. We are currently in the process of figuring out the best company structure. After legal consultations, we figured out that it largely depends on how big the investment gets - it just has many factors like legal cost, company establishment costs, tax costs, etc. So we will wait until the tokensale is over to establish HydroMiner in the best possible form, maybe even as a stock corporation.  

80% of the profit is distributed to 26 mio tokens or to the total of 100?
What is done with the unsold ICO tokens?

3. HydroMiner is advised by the same legal team as Herocoin and aware of the legal background necessary for the token sale.

6. The other 70% (actually 74% as only 26M tokens are up for sale) is locked and will be sold ongoing for future mining operations (minus the tokens allocated for the bounty campaign). The team won't keep any of those tokens.

3. In Austria, I don't think it is legal to collect money without any registered company beyond. I'm already in contact with the team of Herocoin. A real Austrian startup with good known investors supporting the project. I'm sure they are well informed about the legal background. I will post their answer as soon as I receive it.

6. I'm not talking about the use of the ICO funds (wright, 5% for the team), I'm talking about how the mining profits are distributed. You have a total token cap of 100 mio and 30 mio are sold during ICO. Therefore, 30% community stake and somebody else owns 70% (you?).
80% of the profits is distributed to the stake holders (30% community, 70% somebody else). 70% out of 80% is 56%. 10% for the team. 10% token buy back (you buy them back -> for the team). 56+10+10= 76%
What happens to tokens that are not sold during ICO?



I would have loved to have a look into your whitepaper, but it wasn't online yesterday (404 error). I will have a closer look on it during the day.

Thank you for your interest!

Did you know that you can actually visit the rigs that are already installed?

If you are interested in a tour you can contact Tobias Ratschiller (@tobyra on Telegram or PM me for his email address).

Hey Eneloop! Thanks for your write-up. Allow us to explain to you and all bitcointalk readers:

1. Typos happen. Thanks for noticing and helping us improve. 

2. We will be contacting the support on the platform over which we registered our domain to change it to public.

3. We have not incorporated a company, yet. We are currently in the process of figuring out the best company structure. After legal consultations, we figured out that it largely depends on how big the investment gets - it just has many factors like legal cost, company establishment costs, tax costs, etc. So we will wait until the tokensale is over to establish HydroMiner in the best possible form, maybe even as a stock corporation.

4. You are right, that the word "Review" was falsely used. We have corrected it now. Beyond that, we have already put a disclaimer on the CoinStaker website to showcase that CoinStaker is involved with HydroMiner.

5. There are many calculators on the web (https://whattomine.com/ and https://www.cryptocompare.com/mining/calculator/eth) that showcase the high ROI in mining. Those websites are not taking into account funds reserved for possible hardware problems, legal & marketing costs etc. And about the ICO, it is to scale better and faster through more capital. We have the resources to deploy more mining and can use the capital to do so.

6. We don't know where you are getting those numbers. In the whitepaper you can see that 5% are staked for the whole team, with a lockup period.

7. We have calculated, see our whitepaper, that with our current electricity costs it is more than possible to make GREAT returns.

We think it is important to keep everything as transparent as possible, so if you have any further questions, feel free to write them here.

- Team HydroMiner