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. 50 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."
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."