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Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable
Just a few remarks to your questions or statements:
1) Basically we talk about the same ROI, it just seems you confuse ROI with the total return, ROI is the amount of money you make AFTER your investment is recovered, so your 170% are basically the same as our 60%. Most of your statements actually rotate around this misunderstanding.
http://www.investopedia.com/terms/r/returnoninvestment.asp
2) Yes the size of hydro power stations vary a lot, they start at 1kw and can be as larger as the three river gorge in China, I dont get the point. Our stations are large enough for our operations and thats what counts for us.
3) The makeup frontpage girl can assure you that I know exactly which OS we use, however we employ technicians to work on this and I thought it would be good if the interviewer would also talk to the technician as he came along on that day to answer exactly these type of questions.
4) About the Risk Factors, you may want to take a look at any contract that you have signed in your life, or at least in the last 20 years and especially when it comes to money, companies will always include all possible risk factors in the business to avoid legal troubles afterwards. To say that there is NO RISK in mining is simply absurd, there are real risks in mining cryptocurrencies and they are real, it starts with regulations, as mining could possibly become illegal, up to the crash of the whole market, completely new technologies that render your hardware worthless for mining, changes in the protocols of cryptocurrencies that change the whole concept of mining. I do not say the risks are high, but they are certainly real.
5) Raphael Beaumont has not and is not in any way related to Gigawatt.
1) Basically we talk about the same ROI, it just seems you confuse ROI with the total return, ROI is the amount of money you make AFTER your investment is recovered, so your 170% are basically the same as our 60%. Most of your statements actually rotate around this misunderstanding.
http://www.investopedia.com/terms/r/returnoninvestment.asp
2) Yes the size of hydro power stations vary a lot, they start at 1kw and can be as larger as the three river gorge in China, I dont get the point. Our stations are large enough for our operations and thats what counts for us.
3) The makeup frontpage girl can assure you that I know exactly which OS we use, however we employ technicians to work on this and I thought it would be good if the interviewer would also talk to the technician as he came along on that day to answer exactly these type of questions.
4) About the Risk Factors, you may want to take a look at any contract that you have signed in your life, or at least in the last 20 years and especially when it comes to money, companies will always include all possible risk factors in the business to avoid legal troubles afterwards. To say that there is NO RISK in mining is simply absurd, there are real risks in mining cryptocurrencies and they are real, it starts with regulations, as mining could possibly become illegal, up to the crash of the whole market, completely new technologies that render your hardware worthless for mining, changes in the protocols of cryptocurrencies that change the whole concept of mining. I do not say the risks are high, but they are certainly real.
5) Raphael Beaumont has not and is not in any way related to Gigawatt.
My point of view about hydromining farm. ( I'm mostly french, I'm sure you'll understand anyway even if there are some typos )
Just before I start, I want you to know that I took in the meantime the video of their gpu farm, their promotional video, their whitepaper, and of course their website.
To cut simple, I understand their passion toward cryptocurrencies mining as I'm doing it personally myself at home. I'm into cryptocurrencies since around 5 years, and from my point of view I see more greeds in their project, than an actual will to fill the need of their investors.
I'll elaborate in which why I don't recommend to invest any money in it, and why.
Before I start, I just want you to know that my main value is honesty, and it's after I noticed a lot of lie and a lot of lack of knowledge from them that I think I could bring more trust into cryptocurrencies in general, because there are already too many scams.
Right on, let's start !
1. Website : https://www.hydrominer.org/
a) Current yearly ROI : 60%
My answer : Totally, WRONG. First, I'm personally mining, in Canada, with hydro-electricity, and GPUs as well. I have a rate of 0.072 USD per KWh. My Roi at the time is around 7 months. Basically, around 170-180% ROI. I don't even have a ''hydro company'' and already my numbers are higher. I can tell you in private with proof and number how I make it, with screenshots + selfies and everything you need.
''
Cost Effective
By placing our mining equipment directly in hydro power stations in the Alps region, we have access to up to 85% lower energy prices than European average.
.''
Basically, how can they offer a such low ROI and say that they have 85% of lower energy prices ? That's totally wrong, again.
b) Nothing much to say else about the website
2. Promotionnal video
a) Professional video, they drank their coffee and put on their best suits and makeups so that could help raise more funds. Usual marketing way to look bigger than we usually are.
b) Hydro energies are green yes. You have to use the water current to naturally change it into electricity. The fact that they are saying they have a power station is clearly exagerating what is clearly a power station. You may google our canadian hydro-quebec power station. I have even noticed that in their promotionnal video at a point there is not even current in their ''pond'' of water. So they basically can't rely on that energy 100% of the time.
c) Nice rigs though
3. Interview video https://www.youtube.com/watch?v=Nc9cxWnp30o&t=776s
a) At around 10 minute the interviewer ask the makeup frontpage girl in which environment the miners work ( ex : windows ) and she wasn't even able to say it and throw the answers to someone else.
For 2 girls that are into cryptocurrencies since years, and that can't answer a simple question like that, is clearly showing me that the girls are used here to help promote their scam, as the same way to raise more money, more than they actually have the proper background to maintain a higher level of responsibilities towards the people fund.
b) Basically, they have a nice spot, I'll be fair about that. Thing is, they only have a small river, and the investment will remain nature dependant. So, not only you can have 365 days a year of mining, but they can't even give a decent ROI. ( Check website section above )
c) Clearly, at least, they have a hydro station. That show a bit of trust, even if numbers about ROI aren't, when that is supposed to be profitable.
4. Whitepaper : https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf
The fun begin, I hope that you are ready
a) If you decide to participate in the Token Sale as a form of investment, Hydrominer expressly warns you that an investment in H20 carries a high degree of risk. For a description of the risks associated, see the chapter ''RISKS FACTORS'' in the token offer document.
Seriously ? Since when mining is a high risk factor ? Trading has risk, mining hasn't. You may have a slower ROI, but you won't have RISK IN CAPS to take while mining. They honestly imply that they won't be responsible for anything that could happen to your money, despite they tell you it's one of the best investment you could make.
b) They say they are using Green energy... Well, most of the electricity is made via water in case you didn't know. So basically, electricity is green, from their point of view.
c) They want to use the funds to rent more power station, to get lower price than usual, that will be reflected in their wallet, because you will still have a low ROI. Who is the winner ? Them. Who is the last ? Investors.
d) Even after raising ICO price, they will take a 10% out of all of your mining gain. So basically, 2 years contract, 60% per year ROI, 120% for 2 years. That is the ''prevision'' and since nothing is already made for customers ( Like a cloud program that you can basically control your funds ) that is basically speculation.
e) They are working with Raphael Beaumond: Advisor
Raphael is an energy consultant based in Brussels. He is currently developing the negawatt
-
token to improve energy efficiency. Previously, Raphael has worked in project finance for
renewables, operational manager in the humanitarian
sector and as a data analyst for Google.
Additionally, he is contributing to the BioPhys Economics think tank.
Basically, that guy is working with Giga watt, and just search about them here on Bitcoin talk, tell me if their customers are happy ? Hydro miners is doing the same thing as them, and most of the customers hasn't even their equipment installed after 2 months of purchase, yeah proof : https://bitcointalk.org/index.php?topic=1914900.0;topicseen
--------------------------
Ok there are way more lies that you can find with more analyses, but I'm starting to miss some air and I think I did my part here.
----
To conclude : If you want to start mining, do it at home. Even if your electricity rate seem higher than some other pretends, it will still be more profitable if you do it by yourself, and as opposite of their first page drawing, if you want it at home, you want an external shed or an empty appartment room. ( It is noisy, it is heaty )
Hydro miner teams want the biggest part of the pie, and it's ok, guess all humans are greedy. I just think that before you invest in some people that will gain the most out of your investment, to basically do it yourself on a small scale. You'll understand with real numbers that mostly all they imply to raise fund are fakes and that you'll have to wait a lot of months before seeing your cryptocurrencies back in your wallet.
I personally saw a lot of other ''cloud mining companies'' that tried the exact, same thing and investors were getting ripped off while the people who raised the funds are taking advantage of it.
Invest if you want, but I'm mostly sure you'll get in another cloud miningscam fraud.
edit :
As a regular customer, I pay my first 0.072$ USD for my electricity. To be more precise, the first 1,947 KW/h cost me 0.045 $ / Kw/H then it's 0.072 $ for the rest of the electricity consumption.
If I upgrade my ''scale'' and buy a commercial buy of hydro electricity, I can even get these rate lower.
I'm honestly starting to open my own business and bring more securities into cryptocurrencies for worldwide investor instead of trying to rip people cash off. On the longrun, there are way more money to make by being legit and honest.
Just before I start, I want you to know that I took in the meantime the video of their gpu farm, their promotional video, their whitepaper, and of course their website.
To cut simple, I understand their passion toward cryptocurrencies mining as I'm doing it personally myself at home. I'm into cryptocurrencies since around 5 years, and from my point of view I see more greeds in their project, than an actual will to fill the need of their investors.
I'll elaborate in which why I don't recommend to invest any money in it, and why.
Before I start, I just want you to know that my main value is honesty, and it's after I noticed a lot of lie and a lot of lack of knowledge from them that I think I could bring more trust into cryptocurrencies in general, because there are already too many scams.
Right on, let's start !
1. Website : https://www.hydrominer.org/
a) Current yearly ROI : 60%
My answer : Totally, WRONG. First, I'm personally mining, in Canada, with hydro-electricity, and GPUs as well. I have a rate of 0.072 USD per KWh. My Roi at the time is around 7 months. Basically, around 170-180% ROI. I don't even have a ''hydro company'' and already my numbers are higher. I can tell you in private with proof and number how I make it, with screenshots + selfies and everything you need.
''
Cost Effective
By placing our mining equipment directly in hydro power stations in the Alps region, we have access to up to 85% lower energy prices than European average.
.''
Basically, how can they offer a such low ROI and say that they have 85% of lower energy prices ? That's totally wrong, again.
b) Nothing much to say else about the website
2. Promotionnal video
a) Professional video, they drank their coffee and put on their best suits and makeups so that could help raise more funds. Usual marketing way to look bigger than we usually are.
b) Hydro energies are green yes. You have to use the water current to naturally change it into electricity. The fact that they are saying they have a power station is clearly exagerating what is clearly a power station. You may google our canadian hydro-quebec power station. I have even noticed that in their promotionnal video at a point there is not even current in their ''pond'' of water. So they basically can't rely on that energy 100% of the time.
c) Nice rigs though
3. Interview video https://www.youtube.com/watch?v=Nc9cxWnp30o&t=776s
a) At around 10 minute the interviewer ask the makeup frontpage girl in which environment the miners work ( ex : windows ) and she wasn't even able to say it and throw the answers to someone else.
For 2 girls that are into cryptocurrencies since years, and that can't answer a simple question like that, is clearly showing me that the girls are used here to help promote their scam, as the same way to raise more money, more than they actually have the proper background to maintain a higher level of responsibilities towards the people fund.
b) Basically, they have a nice spot, I'll be fair about that. Thing is, they only have a small river, and the investment will remain nature dependant. So, not only you can have 365 days a year of mining, but they can't even give a decent ROI. ( Check website section above )
c) Clearly, at least, they have a hydro station. That show a bit of trust, even if numbers about ROI aren't, when that is supposed to be profitable.
4. Whitepaper : https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf
The fun begin, I hope that you are ready
a) If you decide to participate in the Token Sale as a form of investment, Hydrominer expressly warns you that an investment in H20 carries a high degree of risk. For a description of the risks associated, see the chapter ''RISKS FACTORS'' in the token offer document.
Seriously ? Since when mining is a high risk factor ? Trading has risk, mining hasn't. You may have a slower ROI, but you won't have RISK IN CAPS to take while mining. They honestly imply that they won't be responsible for anything that could happen to your money, despite they tell you it's one of the best investment you could make.
b) They say they are using Green energy... Well, most of the electricity is made via water in case you didn't know. So basically, electricity is green, from their point of view.
c) They want to use the funds to rent more power station, to get lower price than usual, that will be reflected in their wallet, because you will still have a low ROI. Who is the winner ? Them. Who is the last ? Investors.
d) Even after raising ICO price, they will take a 10% out of all of your mining gain. So basically, 2 years contract, 60% per year ROI, 120% for 2 years. That is the ''prevision'' and since nothing is already made for customers ( Like a cloud program that you can basically control your funds ) that is basically speculation.
e) They are working with Raphael Beaumond: Advisor
Raphael is an energy consultant based in Brussels. He is currently developing the negawatt
-
token to improve energy efficiency. Previously, Raphael has worked in project finance for
renewables, operational manager in the humanitarian
sector and as a data analyst for Google.
Additionally, he is contributing to the BioPhys Economics think tank.
Basically, that guy is working with Giga watt, and just search about them here on Bitcoin talk, tell me if their customers are happy ? Hydro miners is doing the same thing as them, and most of the customers hasn't even their equipment installed after 2 months of purchase, yeah proof : https://bitcointalk.org/index.php?topic=1914900.0;topicseen
--------------------------
Ok there are way more lies that you can find with more analyses, but I'm starting to miss some air and I think I did my part here.
----
To conclude : If you want to start mining, do it at home. Even if your electricity rate seem higher than some other pretends, it will still be more profitable if you do it by yourself, and as opposite of their first page drawing, if you want it at home, you want an external shed or an empty appartment room. ( It is noisy, it is heaty )
Hydro miner teams want the biggest part of the pie, and it's ok, guess all humans are greedy. I just think that before you invest in some people that will gain the most out of your investment, to basically do it yourself on a small scale. You'll understand with real numbers that mostly all they imply to raise fund are fakes and that you'll have to wait a lot of months before seeing your cryptocurrencies back in your wallet.
I personally saw a lot of other ''cloud mining companies'' that tried the exact, same thing and investors were getting ripped off while the people who raised the funds are taking advantage of it.
Invest if you want, but I'm mostly sure you'll get in another cloud mining
edit :
As a regular customer, I pay my first 0.072$ USD for my electricity. To be more precise, the first 1,947 KW/h cost me 0.045 $ / Kw/H then it's 0.072 $ for the rest of the electricity consumption.
If I upgrade my ''scale'' and buy a commercial buy of hydro electricity, I can even get these rate lower.
I'm honestly starting to open my own business and bring more securities into cryptocurrencies for worldwide investor instead of trying to rip people cash off. On the longrun, there are way more money to make by being legit and honest.
Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable
I don't understand what can you do if you know location??
It is normal to see and it is normal to be real location. In any other way, this can be scam.that is my opinion.
[/quote]
Since we use containers to store our mining rigs and the hydroplants where they stand are in remote locations, it is, despite surveillance, risky to publish the exact locations. And it is not normal for mining farms to publish their location on the internet, it is also a business secret where exactly we get the cheap power from. But we can offer you a private tour if you are interested. I hope you unterstand our precautions.
Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable
awesome project, but one question though.
I dont know why the team told us about the location? is it safe for you, because a lot of mining company never told us about their locations, what about the security?
Thank you
I dont know why the team told us about the location? is it safe for you, because a lot of mining company never told us about their locations, what about the security?
Thank you
Good point. We decided to show a video of one of the locations where the mining euqipment is actually inside the powerstation. In the other location(s) we have containers and we do not want to reveal the exact location of these, as it would indeed increase the risk of the equipment being stolen. However, all equipment is of course insured.
Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable
Quote
So one more time, I hope the team will explain us how they could rent power stations without having a registered company.
And I hope they will post some of their contracts.
And I hope they will post some of their contracts.
Basically you can rent such a place as an individual as well, in the case of hydrominer it is currently rented with a company of one of our investors from Vienna, Austria.
As explained, the company plans to incorporate, however this process will be started once there is an indication of the level of funds that will be raised.
In fact the team has been in touch with lawyers in Austria (actually also the same team that consulted Heroes) and Switzerland. To establish a company that will allow fundraising to a certain extent.
However and it must be made clear, there is currently no company or group of people that could possibly claim a to have or to conduct an ICO in an existing legal framework. Mainly because there is no such framework anywhere in the world and furthermore because unless the ICO is completely local and all permissions in this particular place are in place. The typical ICO that aims at an international audience would therefore need to have legal documents from authorities of each country where the coins are sold including KYC and AML compliance for each investor, which in the case of cryptowallets is basically impossible.
ICO´s are a great way for startups to raise money in a completely unregulated und unchartered territory, its absolutely clear to everyone that this comes with high risks, for the management of ICO´s as well as the investors and this is what this forum is about, to answer crucial questions, make everybody aware of unclear aspects of ICO´s etc.
So the good thing here is that conducting an ICO is a risk and therefore the one who does it must be very cautious with the funds they receive, which is in fact good news to investors.
What does not work is in my humble opinion to try to bring these 2 worlds together, the totally overregulated world of finance where providing and raising funds has become a privilege of few state regulated entities that can afford the increasing governance and regulatory hurdles and the worlds of ICO´s that is based on trust and a network of individuals that reach out to the team, the advisors and actually visit the business by their own to make their own judgement.
If one wants to invest in the old world of finance, well 99.9999% of all financial products in the world are regulated and there is plenty out there.
If one wants to regain the freedom to make your own investment decisions, then ICO´s are a miniscule market where this can work.
Re: BLOCK55 a Novel that contains a whitepaper to a new form of currency
Why would that be spam ? I did not ask anyone to purchase the book or alike or know the author.
The book contains an interesting concept of what is called there crypto credit money, I have not seen other currencies build in this way and I wanted to see if anyone here knows the book or the concept.
Its some type of borrowing against assets and creating a new currency with a fractional reserve just the way banks do it. I am an economist myself but not a big expert in cryptocurrencies thats why I reached out, if I posted in the wrong section then sorry, just let me know what would then be the right place.
The book contains an interesting concept of what is called there crypto credit money, I have not seen other currencies build in this way and I wanted to see if anyone here knows the book or the concept.
Its some type of borrowing against assets and creating a new currency with a fractional reserve just the way banks do it. I am an economist myself but not a big expert in cryptocurrencies thats why I reached out, if I posted in the wrong section then sorry, just let me know what would then be the right place.
BLOCK55 a Novel that contains a whitepaper to a new form of currency
I received from a friend the book "Block55" by Michael Marcovici, I found him, the author, also participating in an ICO this year. However there is an interesting whitepaper included in the book that describes a cryptocurrency that works like credit money, does anyone know this book and has evaluated the whitepaper, it sounds very interesting actually.
BLOCK55 a Novel that contains a whitepaper to a new form of currency
I received from a friend the book "Block55" by Michael Marcovici, I found him, the author, also participating in an ICO this year. However there is an interesting whitepaper included in the book that describes a cryptocurrency that works like credit money, does anyone know this book and has evaluated the whitepaper, it sounds very interesting actually.