Electrominer is a self-powered Mining Platform where users rent hashing capacity to mine various coins on various algorithms. Electrominer was created to address the challenges of mining PoW based cryptocurrencies. We have our own datacenters equipped with ASIC and GPU miners to mine profitably and effectively, our own solar power station to efficiently power our equipment, and Electrominer platform's mining capacity will be available for anybody to rent and utilize for mining through the web portal.
Electrominer Tokens (ELM) have a fixed supply and represent a share of total mining capacity available for rent on the Electrominer platform to use for mining Bitcoin and other PoW based coins. Electrominer's total mining capacity will grow proportionally with the expansion of our mining facilities. Electrominer Tokens allow you to access the Electrominer Cloud Mining Platform to mine a variety of coins. ELM will never become obsolete, outdated, or broken. ELM can be used for mining coins and sharing in Electrominer's ever-increasing mining capacity, and it can be sold at any time.
Electrominer is open to anyone who shares and is willing to contribute to our vision for revolutionizing the mining industry in order to make cryptomining accessible to everybody, while simultaneously working to reduce the harmful environmental impact created by typical cryptomining services.
The advent of blockchain technology has introduced a variety of unique digital assets, creating countless opportunities for mankind. Today, funds can be securely stored, transactions can be bconducted in a much cheaper and faster way, and cryptocurrency can be mined by anybody - all taking bnplace on a decentralized network. A significant number of digital currency users have discovered and joined the crypto world through undertaking the mining process. Now, crypto mining has become an area of interest for entrepreneurs and investors rather than individuals. Rising electricity rates, limited home space, and lack of engineering skills can make the mining process more problematic and less profitable for enthusiasts. Another challenge crypto mining faces is to remain environmentally friendly, as most mining facilities are powered by fossil fuel power plants.
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Recently, Hashflare, one of the most popular cloud mining contracts seller announce a suspension on all BTC contracts due to the costs to mine Bitcoin. And this is the reality many projects is facing.
Electrominer, however, has the potential to excel in this market! Located in Salton Sea / Southern California, USA, Electrominer plans to run a complex of self-powered blockchain datacenters powered from solar panels - the electricity costs after the full implementation of the facility will be ZERO. Another strong of the project is that the user will be able to choose from hourly, daily, weekly, monthly and yearly contracts and effectively choose what cryptocurrencies he wants to mine with the hashpower he’s entitled from his tokens.
Based in the United States, Electrominer also has the strong-had of the SEC regulating all ICOs in that country, what makes me believe that the founders will work very hard to make the project a success.
The team could be stronger and the whitepaper needs to be improved, when they do it I will raise my rate.
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