Get report

Foxico is the most complete listing of projects that conduct ICO with the most trustworthy ICOs ratings from blockchain experts and investors. Foxico provides an in-depth project analysis helping you to make quick decision about investing!

bookmark6.5 /10
team - mid-level team
mvp - no
idea - usual
competitors - many
market - #Mining
Starts
May 1st 2018
2 months ago
Ends
Jun 1st 2018
19 days ago

*The rating score is given by Foxico. To check the rating at Zaz spreadsheet please follow the button.

The crypto-mining business model is largely dependent on energy sources. The price and availability of electricity are two of the most important factors for mining companies. That is why we have focused on the autonomy of the system. At the macroeconomic level, the hunt for cheap energy has led to the concentration of mining operations in countries with low socio-economic and environmental standards, and hence cheap electricity from fossil fuels. Given the negative consequences of the development of this cheap "dirty" energy, we can say that the mining of cryptocurrencies significantly contributes to climate change. At the same time, the concentration of mining operations in several countries undermines the system of distributed registries and increases the risk of manipulation. At the level of microeconomics miners have become vulnerable to fluctuations in energy prices and changes in legislation. The competitive advantages of many companies in this sector depend on the willingness of a small group of regimes to allow operations with cryptocurrencies, to maintain low electricity prices and favorable legislation. It is obvious that the business model of the industry is in the early stages of development. 

Team

ARTEM NEGROENKO
CEO, Co-founder
STANISLAV KHARIANOV
CFO, CO-founder, mining enthusiast
ELVIRA NAZIPOVA
Marketing and PR
SAM BZEZZ
Tech guy, miner enthusiast
ALEX DORMAN
Software Dev, Smart-contract Dev

Advisors

account_circle
ED WHILEY
Advisor
account_circle
Larry Cameron
Security & Mining Advisor

Social

Rating widget

HeliosCoin ICO rating