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Interview with the HydroMiner team:
Nadine Damblon: CEO
Nicole Damblon: CFO
Christian Vogl: CTO
Sebastian Karner: Lead Engineer
What challenge is HydroMiner addressing?
HydroMiner is trying to solve the problem of “small mining operations”, or to state it differently, to enable smaller investors to join profitable mining operations.
In addition to that, we address the unfair payment of most cloud mining operators.
Investors are buying watt rather than hash Power. When you buy an H2O Token it will grant you the access of the mining review equal to 1 Watt Power.(with Hydrominer?)
By using the Watt system every owner will receive the same dividend, independent when they’ve acquired the H2O token.
What is the scale of this challenge?
The scale is immense, since it is about making blockchain networks secure. While doing that, only eco-friendly generated electricity is used.
How does HydroMiner turn this challenge into an opportunity?
HydroMiner is already having more than 3000 GPUs working to secure the Ethereum and Siacoin networks. The idea is to scale by renting two more hydro powered stations and thus secure and generate more profits.
Can you showcase some team members/advisors which have a strong background? What is their connection with this particular project?
CEO – Nadine Damblon () – has beein mining since 2015. She is the person keeping this team together and managing the operation.
CTO – Christian Vogl () – expert in hardware supply and network infrastructure
Advisor – Jonas Sevel Karlberg – one of the advisors and helpers of Bancor (one of the biggest ICOs yet)
Does HydroMiner have any strategic partnerships?
HydroMiner has already rented out two power generating facilities in Schönberg and Murau (Austria). They also have a call option to buy one of the properties.
Does HydroMiner have a viable product at this time?
Yes! The HydroMiner project and ICO is more than an idea -we have already rented two hydro power stations. This initial coin Offering is about scaling the mining operation by acquiring more hydro-power-plants and thus enabling eco-friendly mining and profits for investors.
How many users are actively using this product?
Currently, the mining operation is only been open for private investors. Now with the Token Generation Event, we want to enable smaller investors to participate.
What kind of mining is the company doing at this time? / Which coins are being mined?
Right now we mine 40% ETH | 20$ ETC | 20$ ZEC | 20$ SC, Other
We constantly optimize what we mine for the best coin/difficulty – this is one of the benefits of HydroMiner, you don’t simply buy the mining right for KH/S for one simple Coin. You buy the Profit of 1 watt of our Mining.
What will be the impact of Ethereum moving to a PoS on GPU mining, taking into account the GPU mining power released when those ETH miners are no longer needed.
For a very detailed Answer, check out our Whitepaper at: https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf on Page 14 and 15. In short: if and when it happens, there are still many other profitable coins to mine.
What is the structure of the ICO? (Bonuses, Dates, Market Cap)
We will have a Pre – Sale and a ICO
Start: Monday, September 25, 2017 at 10:00 UTC
How Long: 1 week.
Minimum participation: $10.000
Discount for the Pre-Sale: 25%
Token Cap: 500.000 H2O Tokens (1.500 ETH)
Our Initial Coin Offering (ICO)
Start: Tuesday, October 3, 2017 at 10:00 UTC
How Long: 5 weeks
Minimum participation: 1 Token
Discount for the Pre-Sale: From 20% to 0%
– Week one: 20%
– Week two: 15%
– Week three: 10%
– Week four: 5%
– Week five: 0%
Token Cap: 25.500.000 H2O.
What are the requirements to participate in the ICO?
There are no requirements, everybody can join as long as ICOs are allowed in their countries.
What are the pros and cons for the token holders?
Pros: Steady income out of the investment.
Cons: Ether price could go down, and thus the time required to get the investment back can increase.
Would you like to add any further info?
This initial coin Offering is about scaling the mining operation by acquiring more hydro-power-plants and thus enabling eco-friendly mining and profits for investors.
HydroMiner goal is to salvage the environment while enabling those interested in mining cryptos minimize on the cost incurred.
Will the project be audited and will the audit reports be fully published?
Yes the Smart Contract will be audited by an external company and published.
Is there a minimum payout?
Yes, it will be determined dynamically based on gas price.
Will Payouts occur daily?
The payout is monthly starting February 1st, 2018
1 Watt will generate how many GH/S?
The current rate is 0.158gh/watt
How frequently will such hardware be upgraded?
Hardware is being exchanged and renewed as needed, we can’t tell you our exact timeline on the exchange and upgrade of hardware. It was a learning by doing process since 2014 when the Sisters started mining and our now perfectly working renewing cycle is one of the Reasons HydroMiner is so successful! By the way, in 2018 people will be able to buy our outdated hardware for a cheap price on the HydroMiner Website
For more information visit : HydroMiner.org
We thank the HydroMiner team for the interview.