HashHive

HashHive is a cloud-mining project for the construction and launch of a data center based on advanced technologies based on immersion (liquid) cooling of servers.

Ordinary mining can be cumbersome. It requires installation of noisy mining hardware in one’s living quarters, sufficient cooling to extend a miner's lifespan, high power consumption with an average of 1.4 kw/h, periodic maintenance and tune-up work. In the case of more than one miner, standard household wiring is not designed for power about 4 to 6 kW.

Cloud mining services rent their hash-power for a percentage of mining revenue to significantly reduce the ROI on for themselves, enabling them to purchase new equipment and expand their mining operations. There are various cloud mining operations. HashHive seeks to be different by using innovative equipment and technologies to reduce the cost of hash-power. HashHive also provides various affiliate programs and discount systems for their users.

What is so innovative about HashHive? Powerful electronic equipment requires great effort to avoid overheating. HashHive employs immersion cooling system for mining servers to achieve this. Servers using immersion cooling system consume far less power than air-cooled servers due to lower component temperatures and the lack of need for server fans. Immersion cooling system is integrated with sensors and control system which collects system data, allowing remote monitoring and management of data center. The system also eliminates the need for capital-intensive air conditioning equipment, thereby reducing construction, equipment and deployment costs.

HashHive plans to install Gas Piston Engines(GPE) as part of the project to provide a more cost-effective way of generating electrical power. This is estimated to result in annual savings of upto $455,000.

Cloud-mining contracts for Ethereum, Zcash, DASH, SiaCoin, Decred, Monero are expected to be available. HashHive hopes to attract investments upto $30 million and ultimately establish mining data centers across the globe.

The HashHive Team

  • Fedotov Evgenii – Co-founder, GM
  • Shelemetev Alexander – Co-founder, Lead IT developer
  • Volkov Mikhail – PR and marketing manager
  • Elin Stanislav – Project manager
  • Pirozhenko Denis – Project developer

HashHive ICO Details

  • Token – CellCoin(represents hashpower of 1 MH/s)
  • ICO start date – November 20, 2017
  • ICO end date – December 19, 2017
  • Hard Cap – 1,500,000
  • Price per token – $20

HashHive Verdict

Cloud-mining is on the wane and there is a lack of legitimate, profitable cloud-mining options on the market. HashHive’s innovative energy-efficient solution is quite interesting. We'll have to see how it pans out but it looks promising on the whitepaper.

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