I'm new to the forum here and relatively new to the cryptocurrency world. I've been researching it for the past 6 months pretty much everyday but there's always much to learn. I think I've come up with a pretty good idea and would like some of the experts opinions.
I'm heavily involved in a renewable hydrokinetic company called New Energy Corporation, I ran their sales side of the business for 2 years but have since moved onto financial structuring in the parent company Global Energy Horizons. One of my tasks is to find ways to scale their portfolio of energy companies - I believe a very interesting prospect could be with this hydro company. The technology in a nutshell harnesses the kinetic energy from a flowing river and transforms it into real, usable, continuous electricity.
What's great about this company is it is the leader in hydrokinetics globally and has taken calculated baby steps to create their 2 commercial products a 5 kW and 25 kW. Many companies tried and failed over the last decade because they would build megawatt turbines which would fail on so many levels - a mistake would cost hundreds of thousands of dollars, as opposed to a few hundred or a thousands dollars. The idea is to scale the knowledge gained from the "walk before you run" approach and apply it to 200+ kW turbines. Needless to say, there is A LOT of engineering that's gone into these machines over the past 15 years, trust me on that. We've even had companies buy our 1st generation technology and try to reverse engineer it and compete with us. They always fail. We've moved onto a 2nd generation system which has the secret to longevity
So, to the point: Two years or so ago, a Bitcoin miner came to us and wanted to partner to create a hydro mining operation....at the time we had no clue what he was talking about and did not want to take on the risk of providing a turbine only to find out this Bitcoin thing failed. Fast forward to a few months ago, I obviously have seen the meteoric rise of Bitcoin and other cryptocurrencies and started learning that POWER is the key requirement for these blockchains to operate. I contacted the miner again and started to learn more about the mining business. We are now talking daily and want to get the Bitcoin public's opinion on an ICO we are seriously thinking of starting. Combining baseload renewable power with cryptomining could be a very powerful marriage.
Forgive the free "this was created with Wix" tag that's on the landing page but let me know your thoughts on this and toss your email into our subscribe list if you want
https://mhydro.wixsite.com/24-7hydromining