HashHive Launches ICO for Cloud Mining in CIS Countries

HashHive uses technologies, which cut cost of hash-power and cooperates with companies for the supply of equipment for immersion and generation of electricity
16 November 2017   276

During the ICO period the HashHive project plans to attract investments up to 30 million dollars, selling the project token – CELL, is the equivalent of hash-power. Total amount of issued tokens – 2 167 000, from which:

  • 90% Tokens sold during ICO
  • 8% Company Reserve
  • 2% Bounty

Token sale will take place from November 20 to December 19 in 2017. After completion of ICO, HashHive will purchase the site area and equipment to organize the data center. The launch of the Data Center is planned in the second quarter of 2018, and at this time, the first payments to investors will begin according to the marketing plan. According to the ROI of the project from the Whitepaper in the case of receiving planned $30 million within the ICO, HashHive will reach project capacity in 5 months.

The HashHive project is distinguished by the use of innovative technologies of cloud mining. It is planned to use immersion cooling system for mining servers, allowing them to consume less energy. This will be possible due to removal server fans and lower component temperatures.

As a part of the HashHive project, it is planned to install a gas piston engine, which is characterized by high efficiency and fuel flexibility, as a source of primary and backup power. The advantage of this technology in its high efficiency and fuel flexibility.

In future, with funds received from cloud mining, HashHive plans to create a network of data centers located in Russia and CIS countries. These centers will specialize not only in cloud mining, but also on other tasks.

 

Mining Companies Approached Quebec

Miners are hoping to take advantage of Canadian electric utility Hydro-Quebec cheap rates
17 February 2018   142

During an interview with CTV News Montreal, spokesman Marc-Antoine Pouliot told that more than 100 crypto mining companies approached Hydro-Quebec. Few of them have already settled there.

According to Pouliot, some farms would consume more than 20x the power required for Montreal's sports and entertainment complex, The Bell Centre.

One project like that isn't a problem, but now we're talking hundreds.

Marc-Antoine Pouliot

Spokesman

Hydro-Quebec is attracting mining companies to the province with its low rates, but the cheap energy and cold weather - ideal for keeping mining machines cool.

Pouliot stated that Hydro-Quebec has a surplus of energy, which makes miners interesting clients. Taking this into account, Hydro-Quebec may raise energy rates for crypto businesses.