HeliosCoin ICO

Verified ICO

The crypto-mining business model is largely dependent on energy sources.

ICO Ended
2018-07-01 - 2018-10-01
  Whitepaper |   Visit Site

Team: NYR
Feasibility: NYR

The price and availability of electricity are two of the most important factors for mining companies. That is why we have focused on the autonomy of the system. At the macroeconomic level, the hunt for cheap energy has led to the concentration of mining operations in countries with low socio-economic and environmental standards, and hence cheap electricity from fossil fuels. Given the negative consequences of the development of this cheap “dirty” energy, we can say that the mining of cryptocurrencies significantly contributes to climate change. At the same time, the concentration of mining operations in several countries undermines the system of distributed registries and increases the risk of manipulation. At the level of microeconomics miners have become vulnerable to fluctuations in energy prices and changes in legislation. The competitive advantages of many companies in this sector depend on the willingness of a small group of regimes to allow operations with cryptocurrencies, to maintain low electricity prices and favorable legislation. It is obvious that the business model of the industry is in the early stages of development. We are moving mining to a qualitatively new level-the level of full autonomy and independence from state power systems. New generation mining operations should be climate-friendly, independent of local price and regulatory changes, more profitable and decentralized. Hence, the business model is based on the technology of Helios Mining Ltd. which combines environmentally safe energy sources with economic feasibility on a global scale, is part of this new generation.

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