In the industry of the cryptocurrencies, the mining is an activity that consumes a lot of energy. This means that if a group of users wants to set up a digital asset extraction center, electricity costs should be cheap.
Although mining is a most profitable business, both the technology used and the software inside the facility must work in optimum conditions, since only this way will be obtained the return of the invested. Now, there is a company that is committed to offering such an objective through hydroelectric power. Its name is Hydrominer and was founded in 2016 by Nadine (Executive Director) and Nicole Damblon (Financial Director), two sisters who began their venture in a small shared apartment in Dusseldorf, Germany.
Located in the Austrian Alps region, the company already has some mining equipment installed and fully operational. Its ecological approach – hydropower is carbon neutral and 100% natural, so it is an ingenious alternative to work at the corporate level – it allows them an efficient operation and high rates of profitability and reliability, as we speak of an energy cost less than 85% in other European regions. By choosing Hydrominer, the user not only invests in cryptocurrencies but also in renewable energy.
The facility will also use patented ice water technology to cool its mines, which will reflect the high performance of its equipment. Hydrominer employs an algorithm created to choose scalable currencies that are more profitable for the company and offers investors actions on the watts they have acquired with their tokens. This is very different from what mining companies do that offer stocks on hash rates since by investing money in this methodical, things can change over time. However, investing in watts makes more sense because you get attractive gains based on the amount of energy that mining equipment uses.
There is no doubt that we are witnessing another great example of the cryptocurrencies industry being one of the markets of greater opportunities in these times. Many people have ventured into this area and with the right enthusiasm, they have managed to carry out projects of great potential.
Eduardo Gómez is a Venezuelan freelance writer and Information’s Technology Professional. He discovered Bitcoin in 2012 and has been drawn to it ever since. He also works as a Customer Support Agent at the San Francisco-based Bitcoin startup Purse.io