Cloud mining is the process of extracting of cryptocurrency, using a remote data center. Using services that provide cloud mining will allow you to receive income without significant investment, in contrast to traditional mining, since the cryptocurrency is extracted on the company equipment that is installed remotely. However, how to choose such a service among many others, with the help of which you can get income without big risks when investing? First of all, to study how the service works.
How does cloud mining work within the HashHive project?
First of all, you need to register an account in HashHive service and get into your personal account. Then, the user buys for fiat money or cryptocurrency a certain amount of hash-power, which begins to make a profit immediately. Subsequently, every day your balance charges with earned cryptocurrency, which you can reinvest by purchasing of additional hash-power, or simply accumulate it. As the user’s account accumulates a certain amount, you can withdraw it to your crypto wallet, and then exchange withdrawn cryptocurrency for fiat money through one of the exchanges.
When choosing one of cloud mining services, it is necessary to study the technologies and equipment, which are used within each of them, as this is almost the key success factor.
Technologies and equipment of the HashHive project
HashHive uses modern equipment and technologies, which significantly reduces the cost of hash-power. The project’s cooperation with large companies for the supply of immersion equipment, as well as equipment for generating electricity, allows HashHive to use:
- advanced immersion cooling system for mining servers, with the help of which servers consume less power due to removal server fans and lower component temperatures, and the cost of building data center become several times lower, because the system can be deployed in an unprocessed bare case, such as warehouse, without capital-intensive air conditioning equipment;
- highly effective gas piston engine as a source of primary and backup power, prime cost of power generation from which significantly less than from buying electricity through networks, so it will allow to save money;
- modern immersion equipment with the use of GPU chips for mining of cryptocurrency, which, unlike to ASIC chips, have a longer service life, allow you to mine all altcoins, and practically do not lose in value;
- various algorithms for mining of cryptocurrencies, such as NeoScrypt, Lyra2REv2, DaggerHashimoto, Equihash, X11, Sia, Decred and some others;
- mining of various cryptocurrencies, such as Ethereum, Zcash, DASH, SiaCoin, Decred (DCR), Monero, for diversification of risks.
Also it is very important to pay an attention to the composition of the project’s team when choosing a service that provides cloud mining.
The HashHive project’s team
Only the professionals worked on the project! It should be especially noted the founders of HashHive, who owns the idea of the project and its implementation. So, the CEO and founder of HashHive Limited is Fedotov Evgenii – an engineer by profession, specializes in automated information processing and management systems, and for the past three years has been closely involved in the study of cryptocurrencies and blockchain technologies. Within his duties, he is responsible for the technical aspects of the company, is an expert in hardware, network infrastructure, and energy supply of the enterprise.
The second founder of the project and a leading IT developer of HashHive – Shelemetev Alexander. He has an experience in web programming and design for more than 10 years. In addition, Alexander is an exclusive author on ThemeForest, and has nominations for Awwwards and CSS Design Awards.
Another co-founder of HashHive Limited is Elin Stanislav, who is an expert in the field of autonomous information and management systems, an expert in issues related to the mining of cryptocurrency, software and improvement of equipment for mining, an active cryptocurrency entrepreneur with extensive experience in the field of blockchain technology. Stanislav manages the process of building relationships with clients and employees of the company, acts as advisor on marketing strategies.
Plans of the HashHive’s team
The creators of the project have an ambitious plans! They are not going to stop at the work of one data center, and plan to create a whole decentralized network of data centers on the territory of Russia and CIS countries. These data centers, in addition to cloud mining, will also specialize on such tasks as web hosting, neural networks, game servers, video rendering, computer graphics, calculations for research projects. Thus, HashHive will merge all of its data centers into a decentralized supercomputer!
ICO for the implementation of the plans
To achieve the set goals, it was decided to use the ICO mechanism. During the ICO HashHive is going to attract investments of up to $ 30 million. Most of the funds received will be used to purchase equipment. So, according to the project’s ROI, presented in the Whitepaper, provided that within the ICO HashHive will successfully collect $ 30 million of investment and will purchase a certain amount of equipment for this money, then within 5 months, the company will reach its project capacity. All of this will allow holders of the project’s tokens during these 5 months to receive rewards in proportion to the number of tokens in their wallets, and afterwards – exchange them to hash-power of cloud mining in HashHive service with a discount of 50%, or withdraw funds and use them at own discretion.
HashHive ICO began on November 20 and will last until December 19. Learn more about the ICO conditions and project tokens on the official website of HashHive, where Whitepaper is presented, or on the pages of the project in all popular social networks.