Electrominer ico review
What is Electrominer.io?
Electrominer is a Blockchain Project founded in 2017 by Blockchain enthusiasts and Professionals in Green Energy Production, Construction, IT and Business. The project is created to address the problems of Blockchain Technology and to contribute to the future of decentralized technologies. Electrominer will push Blockchain potential in the right direction by creating sustainable, expandable and self-sufficient mechanism driven by the community.
Their platform is revolutionizing the mining industry by utilizing clean energy to sustain its self-powered mining platform. This is achieved entirely by developing state-of-the-art solar panel fields as a primary energy source for their mining equipment, as well as sourcing other locally-available green energy including geothermal and wind energy.
Crypto miners will no longer be resigned to footing expensive electricity bills or investing into specialized mining equipment with hashing power that won’t ever increase, only inevitably becoming obsolete. One of the primary objectives of Electrominer is to create an online community for miners all over the world and to share the benefits of a self-sufficient mining platform.
Features Of Electrominer
- Unlimited Terms, Flexible Conditions: The ownership of Electrominer Tokens represents shares of hashing power on the Electrominer Cloud Mining Platform. This provides users with real-time control over their holdings, the opportunity to select mining contracts for as low as one hour, and the freedom to cancel any contract at any time. Users may also manage hashing capacity by spreading it between multiple coins across multiple algorithms. The amount of available hashing capacity is dependent on the amount of Electrominer Tokens held by each user.
2. Guaranteed Mining Capacity and the floating miner: Mining capacity per user may vary and is dependent on the number of users online and the number of tokens held by each user. However, it will never be less than the guaranteed mining capacity. Besides guaranteed mining capacity, the Electrominer Platform will also add a floating multiplier to supplement each user’s guaranteed capacity.
3. Low Fees: Electrominer is introducing unparalleled and revolutionary features to the crypto mining industry, such as the ZERO Power Cost Strategy and zero-emissions policy. Their investment in solar panels to power the mining facilities and reduce electricity costs will maximize the platform’s users’ mining profits.
4. Sustainable Facilities: The utilization of renewable energy resources puts Electrominer in the unique position of finally making crypto mining more environmentally friendly. Since shipping containers are cost-effective, portable, and fully recyclable, Electrominer has elected to use them for housing their data center units. Electrominer’s goal is to inspire both new and existing tech companies to invest in creating a cleaner and greener planet.
- Buy Tokens
Since holding Electrominer Tokens (ELM) is a requirement for accessing the mining platform, you will need to maintain a balance of Electrominer Tokens in their verified Ethereum wallet.
- Purchase Membership Status.
To start placing mining orders, you will be required to purchase an annual Electrominer Membership subscription set at the rate of 1% of the total amount of ELM held by all members.
- Replenish Your Mining Balance
To rent hashing capacity, users need some crypto-funds on their mining balance
- Choose Your Coins
Users will be provided with a wide variety of coins available for mining. For your convenience, we will provide helpful data about each mineable coin, including general information about each coin and calculated estimations of profit by the hour, day, and week.
- Place Your Order
After evaluating the profitability of mineable coins and a decision is made, the only thing left to do is to start mining by setting the hashrate limit and amount of ELM to spend on the order.
- Get Rewarded.
Mined coins will be transferred directly to your wallet — you set the wallet address, we send the profits!
Problems of cryptocurrency mining
- HIGH ELECTRICITY COSTS UP TO 45% OF MINING REWARDS
On average, cryptocurrenncy miners may pay up to 45% of their mining rewards for electrical bills, which has a significant impact on their profit margins. Electrical overuse and limited space availability make mining process difficult and less profitable.
- HIGH LEVEL OF CO2 EMISSIONS
Today, each Bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day. The total energy use of this web of hardware is huge — an estimated of 31 terawatt-hour per year. More than 150 individual countries in the world consume less energy annually.
- HARDWARE REQUIRES MAINTAINENCE AND GETS OBSOLETE QUICKLY
Hardware gets obsolete and determine rapidly , forcing miners to invest into upgraded equipment every 1–2 years. Zone power cost can be extended a profitable mining period up to 4 years. When people purchase mining equipment , they also face some challenges like pre-order delay period, high risk of stumbling across the fraudulent stores , logistics issues. Therefore , equipment installation requires some technical skills as well.
- LONG-TERM CONTRACTS LOCK USERS TO A SINGLE COIN/ALGORITHM
Today, most Blockchain mining companies offer long-term contracts which lock users to a single coin/algorithm. The purchase of an expensive long-term contract is a serious decision which requires an intensive crypto-market research and the evaluation of the risk associated with tokens purchase. Therefore, mining one coin during a long period can be less rewarding rather than spreading out capacity between various algorithms.
- ZERO POWER COST STRATEGY
Electominer is aimed at reaching maximum power independence using all the available technologies and strategies. We will be using solar energy during the day purchasing power at night from the grid that is classified by the utility company as alternative energy to achieve our Zero Power Cost Strategy.
- ECO-FRIENDLY ENERGY SOURCE
Electrominer data centers will be powered by solar energy which makes mining sustainable, self-expandable and eco-friendly.
- Electrominer team provides full support, maintenance and upgrade of mining equipment so that the users do not have to worry about technical aspects of mining.
- UNLIMITED, ADJUSTABLE CONTRACTS
With electrominer you can mine any PoW based coin/algorithm you want, wherever you want and as long as you want. Users have an opportunity to place even 1-hour long orders.
Total number of tokens: 100,000,000
Token Price: 1 ELM = $0.7142
Bounty Pool: 500,000 Tokens
Bounty Campaign Duration: 12 weeks (July 20th 2018 — October 12th 2018)
bounty program here: https://electrominer.io/docs/bounty.pdf
INITIAL TOKEN OFFERNING
echnical specification: ERC20 token
Total Token Supply: 100 000 000 ELM
Available token for sale: 70 000 000 ELM
Hard Cap: $ 50,000,000
Soft Cap: $ 5,000,000
Price per Token: $ 0.7142
- Q2 2017
Mining Farm. Mobile data center prototype. Website & Mobile APP.
2. August 15, 2018
Grid power utilities. Land purchase.
3. September 15, 2018
MW solar energy production. MW mining datacenters.
4. Q3 2019
100% Self-Powered. Mining Eco-System.
Team members :
Electrominer Tokens allow you to access the Electrominer Cloud Mining Platform to mine a variety of coins. ELM will never become obsolete, outdated, or broken. ELM can be used for mining coins and share in Electrominer’s ever-increasing mining capacity, and it can be sold at any time.
To know more, visit:
Username : Sonia3424
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile
ETH address : 0x3FB5ef56EF81cf205e65C1E6570E8c7e9bD572fe