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   760

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.

 

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.