Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable
Considering the latest changes to the ICO:
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. How will it be determined how much power/time does one H2O token provide?
2. What incentives will there be for the HydroMiner team to work on the project after the ICO is over? Now that there is no distribution of H2O tokens to the management, there does not seem to be any incentive for them to support H2O value.
1. H2O is a voucher for mining time. Each H2O token can be exchanged for a specific period (and a specific energy consumption) in which you will be able to use our mining farm. You may choose to use the mining farm for any coins that we offer on our platform.
Each token can be exchanged to 1 kwH of mining power for a specific time (12, 18 or 24 months). The resulting net mining proceeds are paid out to the users HydroMiner platform wallet. Net proceeds are mining proceeds minus operational expenses and hardware repurchases. Depending on the market, we expect that net proceeds will be 20-40% of gross revenue. 10% of the mining net profits are distributed to the team.
2. Team will have 10% of profits + after time contract with investor all equipment will be at possession of HydroMiner
I presume you are refering to this on page 19 of WP
Contract Mining Currency Term (Months) Total
Return
1,000 H2O BTC 12 3,350.6
1,000 H2O BTC 18 3,909.4
1,000 H2O BTC 24 5,584.7
1,000 H2O ETH 12 3,659.7
1,000 H2O ETH 18 4,270.2
1,000 H2O ETH 24 6,099.5
I cannot understand this table I presume 1000 H2O is 10 ETH in cost -~ $3000 -so take a 12 month term and you get $3,659.70 back ? and if you take at 24 month contract you get $6099.50
I am not sure if this is correct
