Over time, for the crypto currency to be mined, more and more electricity is needed. According to economist Alex de Vries, who is the author of the article "The Growing Energy Problem of Bitcoin" in the journal Joule, 0.5% of the world's energy will be needed for the mining of the most famous bitcoin (BTC) crypto currency by the end of 2018. To date, the bitcoin (BTC) network is absorbing 2.55 GW of electricity, and in the future, according to his calculations, this figure can reach 7.67 GW. To understand the scale, I will say that for example a country like Ireland consumes only 3.1 GW, and Austria - 8.2 GW. Accordingly, for mining only bitcoin crypto currency (BTC), such colossal amounts of electricity are needed, and in fact, besides bitcoin, there are still many crypto-currencies. The price and availability of electricity are the main factors for determining the profitability of mining. The project, which I will discuss in more detail below, is going to solve this problem.
Helios Mining Ltd. has developed a system of autonomous clusters for mining (Solar Mining Clusters), which can consume electricity directly from renewable energy sources, more precisely from solar energy. The clusters are based on the off-grid (off-grid) solar generators, submersible cooling devices equipped with mining equipment, communications and automation functions. They are completely autonomous, support remote control and have an innovative cooling system that consumes about 2% of the total power consumption of the system. In addition, this high-tech solution is fully integrated into existing world logistics systems and guarantees investors a unique trading offer in the crypto world - access to free electricity anywhere in the solar belt. Autonomy means that modules work on electricity, which they themselves produce.
Flexibility of the system helps the project to unite two important sectors of technology of the twenty-first century - blockade and solar energy. Using the exponential growth of both sectors, HeliosCoin contributes to the preservation of the climate and the environment, as well as to the welfare of the owners of the tokens.
Road map
April 2018 - The beginning of pre-sale of the tokens
May 2018 - Installation of the first cluster. Start Pre-Ico
June 2018 - Start of ICO
September 2018 - The end of the ICO. Listing tokens.
November 2018 - Increase in solar power
December 2018 - Distribution of clusters around the world. Software for the development of distributed clusters
January 2019 - Application for iOs and Android
TEAM
Artyom Negroenko
Director General, Co-Founder
Stanislav Kharyanov
Financial Director, Co-Founder, Mining Enthusiast
Larry Cameron
Advisor on Security and Mining
Joachim Holmer
Trusted Advisor
Anders Larsson
Trusted Advisor
Sergey Kosse
Director of Business Development
Elvira Nazipova
Marketer and PR-agent
Sam Bzzzz
Technician, mining enthusiast
Vitaliy Chebotarev
Responsible for holding the Bounty campaign
Information on the sale of tokens:
- Name of the token: HLC
- Price: 1 HLC = 0.001 ETH
- Total issue of tokens: 5,000,000
- Ways of purchasing tokens: BTC, BTH, BTG, LTC, ETH, WIRE TRANSFER
- Hard cap: 2,000,000 EUR
ICO bench rating:
Conclusion:
In my opinion, the idea of the HeliosCoin project - to use solar energy for mining - is very interesting and promising, as energy costs for mining are growing every year and with them the problem of reducing the profitability of mining is growing. Moreover, colossal amounts of energy consumption can harm the environment. I hope this project will solve these problems and achieve success. I also want to emphasize that the project's hard cap is only 2 million euros, which is very small compared to most other projects, and therefore quite achievable.
Official website of the project:
Whitepaper project:
Author: culun86
ETH: 0xbc37A4d7f960f4d1Dda9153Fb1a1Df7a81278263
