Viennese cryptocurrency mining firm HydroMiner has launched a pre-sale of its H2O tokens, ahead of a four-week initial coin offering starting on 3 October. The company, which has almost no carbon footprint as it uses energy derived from local hydropower plants, aims to appeal to sustainably minded investors. “Cryptocurrencies are the future and we want to be part of it,” said CEO Andreas Schiener. The company said: "We believe this represents a much better approach … as the power of networks increases continuously and proceeds based on hashes can erode very quickly."
Viennese cryptocurrency mining firm HydroMiner has launched a pre-sale of its H2O tokens, ahead of a four-week initial coin offering starting on 3 October. The company, which has almost no carbon footprint as it uses energy derived from local hydropower plants, aims to appeal to sustainably minded investors. One of its H2O tokens equals a watt of power, with profits distributed on a per watt basis, rather than being based on hashrate. The company said: "We believe this represents a much better approach … as the power of networks increases continuously and proceeds based on hashes can erode very quickly."