HydroMiner Project

Here is another interesting mining project that got our attention – HydroMiner. A mining project that tries to make crypto currency mining more Eco-friendly by using hydro power stations for generating the electricity used by mining rigs. We already know that there are some hydro power stations being used for large mining farms in Asia, but here the project aims to do it in Europe and more specificall in the Austrian Alps. An ambitious goal trying to expand the current mining capacity from 290 kW all the way up to 7 MW if the maximum goal of the upcoming ICO is reached. Today the project had its pre-sale and it ended at just about 36 minutes according to the official information rising 1500 ETH with the actual token sale (H2O Token) starting on October 18th and running for a month.

Hydro power is widely believed to be among the most cost-effective and least expensive renewable energy sources. It is eco-friendly and carbon-neutral as well as renewable. Hydro power permits the management of resources in a sustainable manner and also allows for low emissions production. It’s also easy to control and has a great track record. Utilizing hydro power plants located in the Alps region, one of the lowest costs per Kilo Watt in Europe is achievable and bring the cost of mining operations lower. Cost savings can also be made by using chilled water to cool the mining equipment, which means there is no additional electricity cost to cool. If feasible, mining equipment can be constructed inside conventional shipping containers for sea freight. The benefit is that these containers are able to be put together in one place, and later transported into the power plant. as well as the container can be moved to a different site quickly when needed and sometimes based on the water level or the necessity for extensive maintenance of the turbines at the power station.

We do not like the idea of ICOs but certain ones attract our attention, particularly those that have a connection to mining. The HydroMiner project is among those that we think has great opportunity. Naturally, with all projects seeking funding through an ICO, there’s a risk and, while we’re able to recommend you to look at the project’s details, we will not give any investment advice. It is your responsibility to make the final decision. We’re simply sharing information regarding HydroMiner as a fresh and promising venture that could provide an alternative to the traditional cloud mining solutions that are already in place. It is an alternative that attempts improve efficiency and is eco-friendly and not solely focused on making money for its shareholders, even though most mining companies focus on profits the most.