All posts by Ethan William

ICO Watch: HydroMiner

What is HydroMiner?
HydroMiner is a cryptocurrency mining company using green energy drawn from hydropower stations in the Alpine region of Europe. Hydropower is generally thought to be one of the most effective and affordable renewable energy resources. It is environmentally friendly, carbon-neutral, and natural. Hydropower allows us to manage resources sustainably and enables low-emission production. What’s more, the technology is simple, controllable, and has an excellent track record.

Using hydropower stations in the Alps region, we reach one of the lowest prices per kilowatt in Europe. In fact, our cost of electricity is currently 85% lower than the average in Europe. In addition, we realize further cost savings by using the water for cooling our mining equipment. In fact, we are able to compete with energy prices in Northern Europe and China. Not only is hydropower mining ecologically friendly, but it is also profitable.
Where possible, mining equipment is built inside standard sea freight containers. The advantage is that containers can easily be assembled near our headquarters in Vienna, Austria, and then taken to the hydropower station. Another advantage is that we have a proven method for equipping containers with mining gear using extremely effective cooling and ventilation equipment. In addition, the container can be moved to another location very quickly if needed, sometimes depending on water levels or the need for extensive maintenance on the power station’s turbines.

The average cost for one fully equipped container is between $350,000 and $650,000 USD, depending on the hardware and cooling technology. With our ICO, we are selling H2O Tokens that will act as vouchers that can be exchanged for mining contracts on the HydroMiner platform.

We have currently rented, with the option to buy, two hydroelectric power stations in Austria. We use the room inside the stations, or place containers nearby to avoid the high network costs for the power lines. Additionally, our proprietary cooling system allows us to save considerable space so that we can significantly increase the number of GPU cards per square meter compared to other mining projects.
We will use the ICO proceeds to further scale up our mining operation with additional hydropower stations.
— The HydroMiner Team

ICO Information
The token sale began on October 18, 2017 and ends November 15, 2017. Each HydroMiner token (H2O) is priced at 0.01 Ether and the bonuses throughout the ICO are as follows:

Week 1 (October 18–24): 20% Bonus
Week 2 (October 25–31): 15% Bonus
Week 3 (November 1–7): 10% Bonus
Week 4 (November 8–15): 5% Bonus

The H2O token is an ERC-20 token and only Ether is accepted as contribution. Funds should be sent from an ERC-20 compatible Ethereum wallet and tokens will be sent to that wallet.

There was a presale for 187,500 tokens that sold out in 36 minutes.

Token Distribution Information
There are 100,000,000 H2O tokens being created, with 25,000,000 available during the ICO. Tokens will be distributed to contributors immediately after the transaction is confirmed. Tokens will be sent to the wallet from which the Ether was contributed.


Use of Crowdsale Proceeds
The proceeds from the ICO will be allocated to hardware, expansion costs at the power stations, and mounting the equipment. ICO proceeds will also be used for marketing, legal, and advisory fees. HydroMiner plans to use 1% of the raised funds to buy BNT and create a Bancor “token changer” between BNT and H20, thus creating intrinsic liquidity for the H20 token. The following is the breakdown of how proceeds will be used:

Hydropower station leasing/electricity: 15%
Hardware: 55%
Operations: 15%
ICO Costs: 10%
Marketing: 4%
Legal: 1%
BNT Reserve Fund: 1%


ICO Watch: Datum

What is Datum?
Datum is a decentralized global scale database with blockchain characteristics that allows anyone to securely store structured data. Datum returns data ownership to individuals and lets them monetize their data on their own terms. This lays the foundation to a new marketplace powered by a new asset class. Datum turns structured data into a tradeable commodity and is building the $120 Bln Data Economy.
— Roger Haenni, Co-Founder and CEO of Datum

Crowdsale Information
The crowdsale will begin on October 17, 2017 at 14:00 UTC and will end on November 17, 2017 at 14:00 UTC.

For every one Ether contributed, 10,000 DAT will be received. DAT is an ERC-20 token and only Ether is accepted for contribution. There is a minimum goal of 5,000 Ether and a hard cap of 153,000 Ether.

Token Distribution Information
Tokens will be distributed one week after the crowdsale is complete, between October 19–26, 2017.

There is a total of 3,000,000,000 DAT being created, and 1,530,000,000 will be available during the crowdsale.

51% of all minted DAT tokens will be offered for purchase across the pre-sale and crowdsale.

29% of all minted DAT tokens will be held in a reserve by the Datum Foundation for community initiatives, user growth, business development, academic research, and future market expansion.

20% of all minted DAT Tokens will be allocated to DAT core developers, founders, and advisors over a two year vesting period as incentive to ensure long-term alignments of interest and commitments towards the future value of the tokens.

Use of Crowdsale Proceeds
The proceeds from the crowdsale will be used as follows:

60%: Development
15%: Marketing
15%: Operations
5%: Legal
5%: Security


ICO Watch: STeX Exchange

What is STeX Exchange?
SteX is a cryptocurrency exchange aggregator. The algorithms and technology put into place within our platform will pull markets from other exchanges into one place — our secure and smart platform. This will provide our users with the highest liquidity and best rates across over 10,000 of the trading pairs we make available.
— Nikolay Prays, CEO and CTO

ICO Information
The ICO began on November 25, 2017 and runs until December 31, 2017. If the hard cap of 5,000,000 STE is reached during the first stage, it will end immediately. The current price is 500 STE per 1 Ether and ends on December 10, 2017, at which point the price will be 1.25 Ether per 500 STE.

STE is an ERC-20 token and so an ERC-20 compatible Ethereum wallet must be used to receive and hold tokens. Exchange wallets should never be used to send funds or receive tokens. The minimum contribution amount is 0.1 Ether and contribution takes place on the STeX Exchange website. Once contributors provide an Ethereum address, a smart contract address will be provided, where contribution should be sent.

For more information, visit the STeX Exchange website.

Token Distribution Information
Tokens will be distributed immediately after contribution once the transaction is confirmed. There are a total of 100,000,000 STE tokens being created, 47,586,030 being sold and there is a minimum goal of 95,172 Ether during the ICO.


GE Transportation Joins Global Blockchain Trade Association

GE Transportation, a global supplier of railroad, mining, marine, drilling, and energy generation equipment, announced that it joined the Blockchain in Transport Alliance (BiTA) in a press release published March 1. The trade association consists of more than 230 participants including UPS, FedEx, Penske Logistics, and Warren Buffet’s BNSF Railway, with a collective revenue exceeding $1 trillion, according to the GE Transportation blog post. According to their website, BiTA formed in 2017 to implement and develop Blockchain technology in the transport and logistics industries. Craig Fuller, Managing Director of BiTA noted that GE Transportation has always been “on the forefront of technology,” adding that the association is glad GE will be an active participant “helping to lead the blockchain framework for the industry.” Chicago-based GE Transportation is a division of the US multinational conglomerate General Electric (GE). According to Monica Caldas, Chief Information Officer for GE Transportation, a “[d]igital Industrial leader” should first apply advanced technologies internally to boost productivity and then “apply those learnings for our customers’ benefit as well.”


Auto Giant Behind Mercedes-Benz Launches Crypto Coin

Germany-headquartered car manufacturing giant Daimler AG, famous for its Mercedes-Benz and Smart brands, presented its own Blockchain-based digital currency MobiCoin at the Mobile World Congress 2018 in Barcelona, Cointelegraph auf Deutsch reported on March 5. The project, which started in February 2018, was created to reward drivers for environmentally-friendly driving habits, i.e. smooth and safe driving at low speeds. The project will be in its testing phase for the next three months, during which 500 drivers who follow eco-friendly driving practices will be rewarded with MobiCoins. According to Cointelegraph auf Deutsch, data from the vehicles will be transmitted to Daimler and converted into MobiCoins, which will be stored in a mobile app. Participants with the most MobiCoins will reportedly receive VIP tickets for events such as the DTM Races, the MercedesCup Final, or Fashion Week in Berlin. However, it is not known whether drivers will be able to convert the MobiCoins to fiat currency or other cryptocurrencies.