NordCoin - Running A Scalable and Efficient Cryptocurrency Mining Farm Based in the Nordics
NordCoin mobile mining containers summarize the difficulties of individual crypto-extraction processes and transform them into a simple, straightforward service. We believe that future crypto-mining operations should be decentralized, mobile and independent of any government, and placed in a region where electricity production is surplus.
Our mobile mining container technology helps to negotiate the hash rate, energy cost, and cost of space, which typically affects the profitability of encryption operations. Our stand-alone remote-controlled crypto-mining solution is based on a standard 40-foot freight container that can be transported anywhere in the world in search of optimal operating conditions.
With rapidly changing global trends, traditional crypto-farms are losing their competitiveness. By being stuck in one place, they risk losing energy prices and being ruled by local monopolies that can limit electricity prices in the long run. Crypto-mining operations are often forced to compromise on the efficiency and scale of the operation, so that they can cover the risks associated with geographic and political factors beyond their control.
NordCoin Mining is based in Estonia, an IT-friendly country with potential for expansion in the Nordic countries. NordCoin's Mobile Mining Container (MMC) technology is a stand-alone, remote-controlled crypto-mining solution designed to overcome the three main variables affecting the profitability of crypto-mining: effective hashing rate, cost of energy and cost of space.
The Solutions
NordCoin mobile mining containers summarize the difficulties of individual crypto-extraction processes and transform them into a simple, straightforward service. We believe that future crypto-mining operations should be decentralized, mobile and independent of any government, and placed in a region where electricity production is surplus.
Our mobile mining container technology helps to negotiate the hash rate, energy cost, and cost of space, which typically affects the profitability of encryption operations. Our stand-alone remote-controlled crypto-mining solution is based on a standard 40-foot freight container that can be transported anywhere in the world in search of optimal operating conditions.
NordCoin's 40-foot freight containers can be transported anywhere in the world to take advantage of optimal mining conditions such as excessively low-cost excess energy. After establishing an economic contract with a local energy producer, NordCoin deployed four proof of concept CMMs in Q4 2017, Q1 2018 and Q2 2018, financed by private financing, the first of which has already fully covered its capital investments.
The Nordcoin Mining team developed the Mobile Mining Container (MMC) based on a clear set of principles and development guidelines:
- Mobility: In all phases of the NordCoin crypto-mining process, safety is the highest priority. MMC deployment locations have 24-hour security, video and audio surveillance. Only NordCoin authorized users have access to our mining territory and equipment.
- Modularity: Our all-in-one MMC provides and guarantees scalability independent of location.
- Cost efficiency: The electricity acquired directly at the source ensures a fixed price and without interruption.
- Plug in and mine: Once power is connected and an Internet connection established, our MMCs automatically start mining operations.
- Cooling optimization: While our operation is based in Estonia, NordCoin has been able to design a highly efficient cooling system for the MMC, which adapts to all climates.
Register here: https: //goo.gl/forms/VjtVytyDk7tpWssQ2
In addition to this, our ICO rigid ceiling is based on the amount of electricity currently agreed with our supplier who owns the power plant. We also have several new sites available under favorable weather conditions and ongoing negotiations to obtain financially advantageous conditions. New sites may require second- and third-round ICOs, but these rounds will not dilute the hash power of the first round participants, nor the potential results of crypto mining.
Another reason why NordCoin Mining is different is that our goal is not to buy and spend money on the land, but to be able to position our mining activities right next to the power plants, to avoid transport costs and losses. Other options include favorable geographic conditions with surplus energy, and an option to recycle heat generated by ASIC miners, with agreements to resell it to the local heating network of local municipalities.
Finally, we do not offer large discounts on our pre or public sales, as this makes no sense for the business case for crypto mining. Based on basic calculations, everyone should understand that cuts mean less money to buy equipment. This will result in less hash power, which equates to smaller mining results. We are not looking for speculators to buy our chips in order to make money fast. We have built our business model for cryptography enthusiasts who believe strongly in cryptocurrencies and want to be part of a transparent mining farm in their work, led by a team of true professionals passionate about the project.
Token name: NordCoin
Token symbol: NRDC
Issuer: NordCoin Mining OÜ https: www.nordcoinmining.com
Vehicle Issue: Ethereum ERC20 Smart Contract
Token Type:Utility Token
Sale of Tokens
A NordCoin token (also called NRDC) allows those who hold it to rent cryptocurrency hash power from NordCoin Mining OÜ. Each NRDC token can be used to lease a fraction of the aggregated hash output (for all algorithms) in proportion to the total number of NRDC tokens acquired as part of the initial coin offer (ICO).
Tokens Generated
85% Token Holders
10% Founding Team
3% Advisory Team
2% Bounty
Use of Proceeds
90% Purchase and Deployment of Mobile Mining Containers (MMCs)
7.5% Development
2.5% Administration
Bonus Structure
Day 1-5 10%
Roadmap
October 2017
plan and technical description for MMC proof of concept
November 2017
MMС proof of concept built
MMC shipped and start of mining operations
December 2017/Q1 2018
continuous improvement of the concept of MMC
January/Q1 2018
2 more MMCs built
April/June 2018
MMCs equipped with mining hardware
June 2018
publish Whitepaper
MMC-4 built
July/Aug 2018
ICO sale
September/Q3
further MMCs built
October/Q4 2018
mining commences
November/Q4 2018
tokens released for ICO participants
December 2018
launch of NordCoin Mining Platform
January/Q1 2019
proprietary mining pool software launched
TEAM
Hermes Brambat
Board Member
Hermes is a founding member of the Estonian Cryptocurrency Foundation and has been a professional cryptocurrency trader and miner since 2012. He is responsible for organising the building process of NordCoin Mining’s MMCs and long-term fund management strategies. His international business network and extensive entrepreneurship experience enables him to solve challenges quickly and efficiently.
Joel Mitt
Board Member
Joel has more than 15 years’ experience in the financial sector and for the last 7 years, he has been an entrepreneur involved in developing companies and structures from the ground up. Joel is very good at managing people and making sure that all administrative processes are according to the company's strategic vision.
ADVISORS
Rauno Kinkar
Legal advisor
Rauno is the leader of the IT/IP team in Law Firm LEXTAL. He consults clients on a day to day basis with legal issues related to IT solutions, ICOs, cryptocurrencies and other smart technologies. Rauno is also the author of the first Estonian broad-based and legal theoretical approach to self-driving vehicles.
Addi Rull
Advisor
Addi Rull is a co-founder at Agrello, the first legal-tech company in the world. Agrello delivered a successful ICO in 2017 and now develops digital ID, signature and contract solutions. Addi has worked as a lecturer of IT and intellectual property law at Tallinn University of Technology and before that at ECB (European Central Bank) and at Trüb (Gemalto), the manufacturer of Estonian ID cards, as well as several other international companies. Addi graduated from LLM programmes of IT Law and Intellectual Property Law at Stockholm University.
Kazuteru Arimura
Advisor
Kazuteru has more than seven years of experience in private equity, hedge funds and venture capital where he analyzed investment targets for several funds. He brings his financial expertise and management skills to the role of finance and investment lead at blockhive and e-Best Ventures.
Kristjan Novitski
Advisor
Kristjan Novitski is the founder of Cash On Go Ltd, one of the leading online lenders in the UK. He holds approval from the Financial Conduct Authority UK and has been the co-founder of several innovative businesses. Kristjan has been a pioneer in bringing Big Data, Machine Learning and Blockchain Technologies to financial services and commodity trading. He has been involved in crypto-mining since 2015. Kristjan also holds a Product Development Engineering degree from Tallinn University of Technology.
Siim Tenno
Energy planning advisor
Siim Tenno is co-founder of ICP Solutions, a company that provides its customers with industrial renewable energy and power generation solutions. Siim has 9 years of experience in managing different energy sector projects. He is responsible for connecting innovation and investors to develop new technologies that lower the cost of energy production. He also consults various companies regarding cost analysis and project development. Siim holds a Mechanical Engineering degree from Tallinn University of Technology.
WEBSITE: https: //www.nordcoinmining.com/
WHITEPAPER: https://www.nordcoinmining.com/files/whitepaper.pdf
GITHUB: https: //github.com/nordcoinmining
TELEGRAM: https: //t.me/nordcoinmining
FACEBOOK: https: //www.facebook.com/nordcoinmining/
TWITTER: https: //twitter.com/nordcoinmining
YOUTUBE: https://www.youtube.com/channel/UCpZKKKatYWV_3prnfOSQZrw
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