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#Blockchain, #Energy/Transport All projects

Electrominer: Solar Powered Blockchain

A mining platform which uses clean energy for its mining equipment by developing solar panel fields as a main energy source

stage Ended crowdsale

3.8 Rating

by 8 users


    Team

    12
    man Almas Zhumanov

    CEO, Co-Founder

    Almas Zhumanov is a 35-year-old entrepreneur, founder of multiple successful businesses in Architecture, Design & Construction. Almas has repeatedly won awards in Architecture & Design.
    In 2016 he became the “Architect of the Year” winning in this nomination in “Astana Designer Awards 2016”. He is also a successful Project Manager and Real Estate Developer who has been operating on a large international scale. His latest projects include the construction of Forte Bank Headquarters in Astana, Kazakhstan. Almas has been recently developing and leading portfolio of progressive, innovative projects in Southern California. During his free time, Almas is fond of riding motorcycles.

    man Aziz Aznabakiyev

    CTO

    Aziz is our Chief Technology Officer. He has 8 years of experience in IT industry. Aziz possesses broad technical management skills, with the emphasis on system architecture across various industries and companies, such as medical, educational and real estate. Over the past few years Aziz has been focusing on Blockchain Technologies. In Electrominer Project he is responsible for all aspects of strategic IT planning, mining operations and the implementation of worldwide infrastructure of mobile datacenter units. Aziz also loves space science. He has a dream to discover constellations with his daughters.

    man Natalia Shipovalova

    Marketing Manager

    Natalia is our marketing project manager. She is responsible for marketing campaigns, Electrominer’s bounty campaign and White Paper revision and translation. Natalia pays a lot of attention to details, she is very creative as well. She can understand the problem very quickly and offer unique solutions to it. Therefore, Natasha’s great communication skills and expertise in marketing field help her to run our Bounty Campaign. During free time Natalia loves playing
    volleyball and reading scientific magazines.

    man Kenneth O'Leary

    Construction/Development Manager

    Kenneth serves as a project manager on all new construction and development projects. His primary tasks include budgeting, bidding, value engineering and steering the development team and construction teams towards an on-time and on-budget completion. Kenneth is also involved in datacenters construction process in Electrominer project.

    man David Hall

    Chief Construction Officer

    David has more than 10 years of Construction Experience. He oversaw Franchise sales and development of new construction projects for 8 globally recognized flags in 5 states. He was also responsible for New Construction Development, defining, negotiating, and closing business relationships. David is a Class B General Contractor and a Certified Project manager. In Electrominer Project David is responsible for Datacenters construction process and installation of solar panels and other facilities.

    Amit Trivedi

    Mobile Developer

    Andrew Taraba

    Social Media, Video

    Abylay Babashov

    Project Manager

    Nitin Shah

    Strategic Consultant

    Phillip Abdallah

    Community Management


    Advisors

    3
    man Ju Park

    Advisor

    Co-Founder and CEO at Ceta Network

    man Sean Goodwin

    Advisor

    Founder at Elev8 Blockchain & SoCal Blockchain

    man Kenneth Douglas

    Advisor

    EVP at Digitzs and Digits




    Crowdsale details

    Distribution of tokens
    • Crowdsale (70%)
    • COMPANY (24%)
    • TEAM ADVISORS (4%)
    • RETAIL (1%)
    • Bounty (1%)
    Budget allocation
    • Land & Utilitles (10%)
    • Mining Data Centers (45%)
    • Solar Energy (27%)
    • Soft Costs (9%)
    • Contingency (4.5%)
    • Operating Reserves (4.5%)
    Details Indicators
    Token Symbol ELM
    Full Token Name ELM Token
    Pre-crowdsale Start August 15th, 00:00 GMT+03:00
    Pre-crowdsale End September 14th, 00:00 GMT+03:00
    Crowdsale Start September 15th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or October 14th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $50000000
    Crowdsale Soft Cap Yes, $5000000
    Domain owner Individual

    Cost of the token

    1 token for 0.7142 $

    Price without discounts

    Bonuses

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    30% August 15 — September 14, 2018
    Crowdsale
    Bonus Dates Minimum purchase amount
    15% September 15 — 21, 2018
    10% September 22 — 28, 2018
    5% September 29 — October 05, 2018

    Accepted currency

    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    8
    Alexander Chizhov August 11, 2018
    Rating of project
    5.0

    Advantages

    На фоне роста сложности майнинга, высоких затрат и колебания курсов, использование солнечной энергии выглядит интересно и перспективно. Максимальная автоматизация процесса и снижение влияния человеческого фактора.

    Risks and disadvantages

    Помимо очевидных рисков, можно выделить растущую сложность проведения успешных ICO из-за роста количества проектов.

    Comments

    Проект легко может обойти более именитых конкурентов, но для этого потребуется набрать достаточную капу.

    Jordan Semanda August 09, 2018
    Rating of project
    3.5

    Advantages

    Projects with the investors associated directly to the platform are very much reliable and will make the start up generate high profits that will enable its development. The mining process make the community members directly involved which increases activity on the platform and value as well

    Risks and disadvantages

    Distributed value hasn't been considered by the the team this could be regarded as incompetence and shall result into inappropriate decrease in value and stability in the market.

    Comments

    Electrominner is touching a very sensitive part of the crypto market which will give it huge opportunities to prosper.

    William Anderson August 08, 2018
    Rating of project
    3.3

    Advantages

    This project is good because it's cost efficient use of natural energy is a environmental conservation tactic that will bring this project to many peoples attention. Those interested in mining process will also have costs in carrying their mining processes.

    Risks and disadvantages

    Acceptance of one currency is a hindering factor to the obtaining of various investors holding variant crypto currencies. Once any of the team member is involved in more than one project it is most likely to cause conflict of interest and needed results might not be obtained.

    Comments

    The investors and the community members should be given priority by the team to create opportunities for them to invest more or stay loyal to the project.

    C F August 07, 2018
    Rating of project
    5.0

    Advantages

    I love the app. It's so simple and easy to use. It's great to not be attached to a single algorithm. Solar energy maximize profits and it's environmentally friendly. So much freedom to mine and use multiple algorithms.

    Risks and disadvantages

    There is a lot of proof of work. I suggest seeing their YouTube videos to get a better understanding.

    Comments

    Great ICO looks very profitable and easy to use.

    Natalia Sh August 07, 2018
    Rating of project
    5.0

    Advantages

    An amazing Project which is one of the first ones to really address the problems of Blockchain. Can't believe, I really will be able to mine just with my smartphone. Eco-friendly, easy-to-use, never get outdated....WOW!

    Risks and disadvantages

    Denys Serhiichuk,
    They already have a working prototype (I saw it in their pictures and video).
    And I think Electrominer Platfrom is very unique, because first of all, it is powered by solar energy, secondly their tokens have ever increasing capacity. And their platform is very easy to use.

    Comments

    Wonderful Project, recommend it!

    Anne Bryn August 05, 2018
    Rating of project
    3.0

    Advantages

    The amount of guaranteed mining power per one token is expected to grow, because the team plans to expand mining resources. The participants will be free to choose coins to mine and to use multiple algorithms.

    Risks and disadvantages

    There is no lock-up period or vesting schedule for team's and advisors' tokens.

    Comments

    The team has a sound plan of development their project. Probably the project will be interesting to investors who like this idea.

    Sofia Medda August 04, 2018
    Rating of project
    2.8

    Advantages

    The total amount of tokens is limited, it is supposed to be inflation-free system. The project has an active mining history. The team members invested their personal funds to establish the company.

    Risks and disadvantages

    It is mentioned that according to the results of Howey Test ELM is not a security token. But its utility functions are not described in detail.

    Comments

    Since the team has a successful experience in mining, I think they should know their competitors. The information about the advantages of the project compared to competitors would be useful. There also should be a more elaborated roadmap.

    Denys Serhiichuk August 02, 2018
    Rating of project
    2.3

    Advantages

    Besides Whitepaper, there are also Three Pager, Pitch Desk, and financial analysis of the market. So lots of attention has been paid to documentations. Moreover, there are bonuses for early investors, who earlier than others took part in the crowdsale.

    Risks and disadvantages

    24 % of tokens are kept for the company. That index it too high, as token rate can be manipulated on the market. Roadmap does not contain precise explanation of platform development. Thus, nothing mentioned about the partners.

    Comments

    To my mind, there is no difference between Electrominer and other cloud mining services. In addition, there is no working prototype. So I would not suggest the following ICO for investing.

    See more reviews

    FAQ

    Frequently Asked Questions

    What is cryptocurrency mining?

    Cryptocurrency mining, or cryptomining, is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new coins are released into the cryptocurrency economy. Anyone with access to the Internet and suitable hardware can participate in cryptomining. The mining process involves compiling recent transactions into blocks and solving complex algorithms automatically by using mining hardware. The miner who solves the algorithm first gets to place the next block on the blockchain and claim the rewards in the form of cryptocoins. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block, as well as newly released coins. Read more: Bitcoin Mining Definition | Investopedia

    How much can I mine per day with Electrominer?

    Mining reward potential is dependant on the number of Electrominer tokens (ELM) you own. Each token represents a share of the total usage of Electrominer's mining capacity (or hash power). The more tokens you own, the more hash power you’ll be entitled to utilize. The allotted mining capacity per user depends on the number of users online and the number of tokens held by each user.
    However, each user’s hash power will never be lower than the guaranteed minimum capacity. Guaranteed minimum capacity is based on the amount of shares, which are represented by each token held. For example, if the user holds 1,000,000 tokens and the total token supply is 100,000,000, his/her guaranteed minimum capacity is 1% of the total Electrominer mining capacity.
    The Electrominer Platform will also add a floating multiplier to each user’s guaranteed capacity. The multiplier will depend on the platform’s current load, as unused mining power is spread between active users. Since the Electrominer team is planning to expand its mining power, the amount of guaranteed hash power per token will grow proportionally.

    Where will you locate your facilities?

    Electrominer's solar energy plant and data center units will be located in Imperial County, California. Electrominer has begun due-diligence procedures to acquire 120 acres of land in Imperial County, CA for the future development and launch of our ZERO Power Cost Strategy and fully self-powered ecosystem of cutting-edge blockchain mining data centers.
    There are 815,271 acres in the surveyed Salton Sea area with less than 5% slope that could potentially accommodate 103 GW of PV (solar cell) generation. In this area, 14,405 acres lie within 1 mile of 138 kV to 230 kV transmission access and could potentially accommodate 1.8 GW of PV, which is a conservative estimate of the resources that could be developable by 2030.

    What is the membership fee?

    We want Electrominer's mining capacity to be accessible to everyone who is interested in mining cryptocurrencies. That is why we require an annual membership fee, which is 1% of the total number of ELM tokens held by all members. This allows the collected tokens to be reintroduced into the economy, permitting new Electrominer users to join and take part in the platform.

    What mining equipment do you use?

    Electrominer data centers are equipped with an array of state-of-the-art hardware, including the latest ASIC miners and GPUs, in order to most efficiently mine coins and tackle even the most complex algorithms.

    What is my ROI (Return on Investment) going to be?

    Since Electrominer Tokens are considered a utility token, there is no guarantee of any ROI. However, since Electrominer's mining capacity can be used only through holding Electrominer tokens, the potential profit users can make depends on the profitability of cryptomining as a whole and the crypto economy itself.

    What will happen if mining capacity increases?

    An increase to total mining capacity would mean great news for every token holder. Since each token represents a share of Electrominer's total mining capacity, this empowers token holders to utilize even more hash power. As stated in the whitepaper, by reinvesting revenue from the Electrominer membership fee, Electrominer's mining capacity will grow by 10% each year.

    How are you different from the other cryptocurrency mining companies?

    Electrominer is a self-sufficient, ever-expanding mining project. We have our own data centers, equipment, and the ability to generate our own clean energy, thus reducing electricity expenses and carbon emissions. This ensures that as our facilities grow and expand to increase our mining capacity, our business model will always look to the future to be as cost-effective as possible, ideally allowing for more profitable mining as compared to today’s cloud mining services.
    We also give our members the freedom to maximize their potential profits by choosing multiple coins to mine without the restraints of being locked into a long-term contract that only allows for the mining of only one particular coin.

    How long does membership status last?

    Membership is active for one year from the date of purchase.

    Can I mine different coins using different algorithms at the same time?

    Yes, it is possible to allocate your mining capacity between multiple coins using multiple algorithms.

    Are there any additional Electrominer membership benefits?

    Yes, having an active Electrominer membership status allows members to take part in voting on the course of project development and new features on the web-platform.


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