Global increases in electricity consumption result from an increasing existing hashing power in the world.
Miners gets profit for renting hashing power more than from mining on existing common pools.
It will be contributed to the popularity HashRental Marketplace and increasing Luhn coin price.
While Cryptocurrency Mining is only currently consuming 0.13% of the world’s electricity output, it’s growing incredibly quickly. The Crypto-Energy Consumption Index estimates consumption has increased by 29.98% over the past month. If that growth rate were to continue, and countries did not add any new power generating capacity, Cryptocurrency mining would: •Be greater than UK electricity consumption by October 2018 (309 TWh)
•Be greater than US electricity consumption by July 2019 (3,913 TWh)
•Consume all the world’s electricity by February 2020. (21,776 TWh) Global increases in electricity consumption result from an increasing existing hashing power in the world. And Miners gets profit for renting hashing power more than from mining on existing common pools.
Today of widespread uncertainty and distrust in existing centralized services of renting and buying hashing power and exchange services. Reason for this suffered a major security breach. Two high-profile Bitcoin thefts – Nicehash and the e-commerce driven Quant malware exploit. As a result, the market customers lost $ millions.
HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. The only existing large cryptocurrency mining marketplace has been hacked in late 2017. As a result, the market customers lost $60 million. So this seemed like a problem that we could do something about.
Problem:
Existing other marketplace is a centralized service. It’s a point of weakness. It was only a matter of time until hackers decided to attack this platform, which is exactly what happened.
Solution:
We've created the First Decentralized Hashing Power Marketplace.
OUR INVESTORS
A prior agreement: Soros Fund Management
Under negotiation: hedge funds, venture capital funds, private investors
So this seemed like a problem that only we could do something about. Problem: Existing marketplace is a centralized service. It’s a point of weakness. More specifically, this marketplace is a website which controls payments on behalf of users until the agreed-upon mining contracts are fulfilled. Moreover, it is responsible for handling refund requests, which means a lot of money flows through its wallets on a weekly basis. It was only a matter of time until hackers decided to attack this platform, which is exactly what happened. 5 Solution: Hashing Power Marketplace must be Decentralized. This idea formed the basis of our project HashRental.io. HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. At the moment HashRental mining system and redirecting system have been tested and launched. $544000 has already been paid to the MVP participants in cryptocurrency. HashRental marketplace has it’s own tokens (LUHN COIN). LUHN will be accepted as a payment for hashing power rent. Market of rent hashing power needs the safest services that the HashRental can offer
ABOUT ICO:
Sale Start Date: May 18th, 2018 9:00 PM UTC Sale End Date: June 18th, 2018 9:00 PM UTC Sale price: 1LUHN= 0.00008ETH ($0.054) Minimum contribute 0.1ETH=1250LUHN Total Supply: 1,000,000,000 LUHN Distribution to the Token Sale: 62%: 620,000,000 LUHN. Soft Cap: 5000ETH ($3.4M) - *Soft Cap Reached Hard Cap: 49600ETH ($33.8M) Payment: Accepted Forms of Payment: Ether (“ETH”).
for more info visit
https://hashrental.io/
https://t.me/hashrental
