The blockchain laboratory has developed a Patent Pending Mining Rig that integrates our proprietary software, hardware, and data centre cooling systems to maximize efficiency. Combined with our access to some of the lowest electricity rates in North America (3 cents per kWh), Hive creates an extremely powerful combination without the need for any capital expenditure (no GPU or ASIC purchases).
HIVE is firstly a mining company which will generate earnings by mining cryptocurrencies. Secondly it operates as a cryptocurrency on the Ethereum platform called "HVN", similar to ANS/NEO within neo & Gas within Ethereum. HVN tokens are currently offered publicly on Etherdelta at around $0.80 USD each. The more mined coins they earn the more HVN tokens will be in circulation.
The Hive team is extremely transparent and active on social media, which can be seen from their Twitter and Reddit posts. They are also working hard on developing their product and have a very ambitious roadmap for 2018 which can be found on their website. The team includes some heavy hitters including CEO Erich Erst ( previously co-founder of Amagi Metals , a digital currency bullion dealer) and President John Bae (previously worked at Deloitte & Touche).
Cryptocurrencies are still a very new concept, so it's no wonder that there are many questions being asked about them. We hope that this article has helped to answer some of those questions about Hive (HIVE). We will be updating our subscribers as soon as we know more. For the latest on cryptos, sign up below!
Disclosure: No one at cryptorecorder.com is being paid to write this article nor do we hold any HIVE tokens.
View story at Medium.com [ARTICLE END] Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions . Disclaimer: The contents of this article are not intended as financial advice, for which we recommend seeking a qualified professional. Featured image from Shutterstock.
The post What Is Crypto Hive (HIVE)? Why Is It Being Sold At ICO (HVN)? appeared first on Crypto Core Radio .
Two days ago, in a coordinated crackdown against illegal video streaming services copyright infringement, Europol arrested the team behind Kinogo in Slovenia , seized servers in Lithuania and took down popular domains. Also affected was Kinox.to , one of the leading movie piracy websites in Europe. It has now been confirmed that German citizen with Israeli residency Lev Mironov was also arrested by Slovenian authorities, reports TorrentFreak . Mironov is said to have provided "financial support" to the group by transferring money from Germany to Slovenia weekly.
