Electrominer
Electrominer
Token: ELM


Solar Powered Blockchain Mining Ecosystem

PreICO dates
Start date: 2018-08-15
End date: 2018-12-17

ICO dates
Start date: 2018-12-18
End date: 2019-02-12

Registrated in: USA

Platform: Ethereum
Type: ERC20

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Electrominer categories
Blockchain Platform Crypto Mining
Electrominer whitepaper
Video
Electrominer token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 5,000,000 USD
Hard cap 50,000,000 USD
Tokens for sale 70,000,000
Token distribution in ICO
70%
70%
Minimal investment 1 ETH
Acceppting BTC,ETH,LTC

Electrominer is a self-powered Mining Platform where users rent hashing capacity to mine various coins on various algorithms. Electrominer was created to address the challenges of mining PoW based cryptocurrencies. We have our own datacenters equipped with ASIC and GPU miners to mine profitably and effectively, our own solar power station to efficiently power our equipment, and Electrominer platform's mining capacity will be available for anybody to rent and utilize for mining through the web portal.

Electrominer Tokens (ELM) have a fixed supply and represent a share of total mining capacity available for rent on the Electrominer platform to use for mining Bitcoin and other PoW based coins. Electrominer's total mining capacity will grow proportionally with the expansion of our mining facilities.  Electrominer Tokens allow you to access the Electrominer Cloud Mining Platform to mine a variety of coins. ELM will never become obsolete, outdated, or broken. ELM can be used for mining coins and sharing in Electrominer's ever-increasing mining capacity, and it can be sold at any time.

Electrominer is open to anyone who shares and is willing to contribute to our vision for revolutionizing the mining industry in order to make cryptomining accessible to everybody, while simultaneously working to reduce the harmful environmental impact created by typical cryptomining services.


Electrominer news, social
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Random whitepaper excerpts

LEGAL DISCLAIMER
The purpose of this White Paper is to present all technical aspects of the Electrominer project for
potential Token purchasers regarding the proposed Token Launch. This information is not intended to
be exhaustive nor does it constitute a contractual relationship. Its sole purpose is to provide a
thorough analysis so potential investors may determine whether or not to acquire Electrominer tokens
(ELM) of their own accord.
Statements, estimates, and financial information contained within this White Paper constitute only
forecasted (predicted) statements or information. Such predictions involve both known and unknown
risks and uncertainties which may cause actual events or results to differ materially from the
estimates or the results implied or expressed in such forward-looking statements. This English
language White Paper is the primary official source of information about the Electrominer Token
launch. The information herein may from time to time be translated into other languages or be ...

CONTENT
LEGAL DISCLAIMER
............................................................................................................................................. 2
CONTENT
......................................................................................................................................................... 3
1. ABSTRACT
................................................................................................................................................ 4
2. BACKGROUND
............................................................................................................................................ 5
2.1. Market Overview
................................................................................................................................... 5
2.2. Global Problems of Cryptocurrency Mining
................................................................................................ 5
2.2.1. High Demand for Electricity
.............

1. ABSTRACT
The advent of blockchain technology has introduced a variety of unique digital assets, creating
countless opportunities for mankind. Today, funds can be securely stored, transactions can be
conducted in a much cheaper and faster way, and cryptocurrency can be mined by anybody - all taking
place on a decentralized network. A significant number of digital currency users have discovered and
joined the crypto world through undertaking the mining process. Now, crypto mining has become an
area of interest for entrepreneurs and investors rather than individuals. Rising electricity rates,
limited home space, and lack of engineering skills can make the mining process more problematic and
less profitable for enthusiasts. Another challenge crypto mining faces is to remain environmentally
friendly, as most mining facilities are powered by fossil fuel power plants.
4
...

2. BACKGROUND
2.1. Market Overview
As blockchain technology is becoming more advanced, more and more people are ready to move from
fiat-based to blockchain-based financial systems. Since January 2017, the total cryptocurrency
market cap has increased from 18B USD to over 450B USD as of May 2018. (See Figure 1)
Figure 1: Total Market Capitalization
1
Many Blockchain-based cryptocurrencies are backed by PoW (Proof of Work) algorithms used to fulfill
the mining process, which is how transactions are verified and new coins are generated. This implies
the need for inordinate amounts of computing capacity, energy resources, and millions of integrated
circuits located all over the world. This process represents the fundamental mechanisms of
Blockchain efficiency and security. Electrominer is a crypto-project developed by industry
professionals in Green Energy Production, Construction, and Information Technologies. The project is
aimed at using renewable energy and energy-saving technology for minin...

Even though Bitcoin block rewards were halved in 2016, electricity consumption has continued growing
exponentially from about 11.5 terawatt-hours in May 2017 to 65 terawatt-hours in May 2018. The Bitcoin
network is currently processing upward of 300,000 daily transactions, with electricity consumption per
single transaction being equal to nearly 850 kilowatt-hours. Considering the next block halving will occur
in 2020, Bitcoin mining is unlikely to become more sustainable for the foreseeable future.
Figure 2: Comparison of worldwide electricity consumption to Bitcoin price in 2013-2017
2
2.2.2. Carbon Footprint
As of now, the amount of energy consumed daily by each individual Bitcoin transaction would be
enough to power about 29 American homes for one day
3
. It is clear that the massive amount of energy
needed for facilitating these transactions will only continue to grow. The beginning of 2018 saw the
carbon footprint of Bitcoin match the amount of CO2 produced by one million transatlantic...

Alternative energy usage allows us to reduce electricity costs by up to 100%. This is done by utilizing
solar panels as an energy source, allowing us to reduce our carbon footprint to reduce CO2 emissions
to zero. Despite differing opinions between world leaders and various communities, we strongly
believe that Global Warming exists and has a devastating impact on the environment we live in. By
using solar panels to power the mining process, we aim to be a part of the solution to this major
problem.
2.3. Issues of Cryptocurrency Miners
-
Electricity Expenses
As of May 2018, Bitcoin miners may spend as much as 48%
7
of their mining rewards on electric bills, which have a
significant impact on their profit margins. The high cost of
traditional energy and limited home space for equipment
make the mining process more difficult and less profitable
for the average enthusiast. According to the calculations
regarding Bitcoin mining profitability (as of May 7, 2018), the
...

operational expenses to maintain profitability.
-
Hardware Purchase and Maintenance
Mineable crypto coins differ greatly from each other in terms of block hashing algorithms. In the
infancy of crypto mining, CPUs and GPUs used to be profitable for every mining algorithm. For the last
several years, processor manufacturers have produced new hardware exclusively for mining
cryptocurrencies. Application-specific integrated circuits (ASICs) usually support only one algorithm,
but are more power-efficient and have the mining power of dozens or even hundreds of video cards.
Because of the ASICs’ superior processing ability, the network hashrate of an ASIC mineable coin can
see significant increases, resulting in CPU/GPU mining becoming more difficult and less financially
rewarding. However, since not every algorithm is ASIC compatible, some coins can still be mined with
GPUs and generate modest financial gains.
ASIC mining hardware is constantly and quickly evolving. In 2013, the Bitcoin ASIC Antminer...

3. INTRODUCTION
3.1. Summary
Electrominer is currently developing a groundbreaking, cutting-edge cryptocurrency cloud mining
platform fueled by portable, solar-powered blockchain datacenter units in Southern California.
Electrominer was founded to eliminate the myriad of technical problems the mining world currently
faces as well as to provide a long-term solution to cost- and energy-inefficient methods of crypto
mining.
Electrominer is revolutionizing the mining industry by utilizing clean energy to sustain its self-
powered mining platform. This is achieved entirely by developing state-of-the-art solar panel fields as
a primary energy source for our mining equipment, as well as sourcing other locally-available green
energy including geothermal and wind energy. Token holders are granted access to sharing in the
mining platform’s total computing capacity based on the amount of Electrominer tokens (ELM) they
hold along with their membership to the Electrominer Cloud Mining Web Platform. The amount...
Almas Zhumanov
Team Member Almas Zhumanov CEO/Co-founder

Aziz Aznabakiyev
Team Member Aziz Aznabakiyev CTO

Natalia Shipovalova
Team Member Natalia Shipovalova Marketing Project Manager

Abylay Babashov
Team Member Abylay Babashov Project Manager

Kenneth O
Team Member Kenneth O Construction/Development Manager

Alexander Fedorchenko
Team Member Alexander Fedorchenko Software Developer

Olga Aznabakiyeva
Team Member Olga Aznabakiyeva Web Developer

Claudia Fuentes
Team Member Claudia Fuentes Executive Assistant

Sean Goodwin
Advisor Sean Goodwin Strategic Advisor

Ju Park
Advisor Ju Park Advisor