Jun 5, 2018
HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. Existing market of rent hashing power needs the safest services that the HashRental can offer.
HashRental marketplace has it’s own tokens (LUHN COIN). LUHN will be accepted as a payment for hashing power rent. LUHN coin corresponds to the price of one hour hashing power rent. Minimum amount of hashing power for 1 LUHN is determined by the current weighted average profit from mining altcoins for each algorithm. After the service is launched all users can exchange LUHN coins on hashing power and get profit. The LUHN Token is one only token to allow holders to enter and exit cryptocurrency mining investments at any time at a cheap, profitable cost through its fast exchange and no having to buy expensive equipment.
WHAT WILL GUARANTEE THAT LUHN TOKEN RATE WILL INCREASE?
1 Luhn price on ico, without bonus = 0,00008ETH. Minimum profit from mining of one hour with Current approximate price that guarantee you some hashing power is 0.000256ETH, thus, token rate will increase up to 0.000256ETH after launching Hashrental system.
Global increases in electricity consumption result from an increasing existing hashing power in the world. Miners gets profit for renting hashing power more than from mining on existing common pools. It will be contributed to the popularity HashRental Marketplace and increasing Luhn coin price.
Today of widespread uncertainty and distrust in existing centralized services of renting and buying hashing power and exchange services. Reason for this suffered a major security breach. Hashing Power Marketplace must be Decentralized. This idea formed the basis of our project. HashRental is a FIRST decentralized hashing power marketplace
It all will be contributed to the popularity decentralized and safest service HashRental Marketplace and that's increasing LUHN coin price.
HOW HASHRENTAL WORKS
For Hashing power sellers:Sellers (miners) can run HashRental software or connect their mining hardware (GPU Rigs, ASICS, Pcs and smartphones) to HashRental servers (stratum ports). Their hashing power is forwarded automatically:- To the pool that the buyer has chosen for mining. Then Sellers get paid* in ETH for renting from smarts contracts after them confirms.- To the HashRental pools, if there is no required volume of orders.Then Sellers get paid in ETH from HashRental pools. This is all done automatically and the process does not require complex technical skills.*The price for rent is determined by the current weighted average and refreshed each minute.For Hashing power buyers:- Select the cryptocurrency that you want to mine- Select a pool on which you want to mine- Set needed amount of hashing power- Set needed order time period- Place calculated amount (or more) of the Luhn coins into the smart contract*. This provides proof-of- funds and allows for a much safer trade. Then:
- Successfully confirms receipt of needed amount of hashing power, and releases the escrow. - A party raises a dispute, and brings in a third-party arbitrator, giving them the keys to decrypt the messages and work with both parties to make a resolution.
- Get reward from selected pool in cryptocurrency (Btc, ETH, and any other)
Trade complete!Hashing power buying is based on the "auction" style that smart contract in the marketplace is subject to. When buyer winning in an auction sellers start implement order. This is:- Needed amount hashing power.- Duration of the contract.
The auction platform with performance of the smart contract at HashRental is designed to offer security to both the buyer and the seller.*The smart contract allows users to safely exchange (Luhn coins → hashing power → any other cryptocurrency) with one another and pools, and to name a trusted third-party to mediate a trade if a dispute arises. Currently, the trusted mediator is always hashrental.io, but the contract will be adapted in the future to switch over to a reputation-based distributed arbitrator pool.
Sept. - Oct., 2018
HASH RENTAL is a decentralized hashing power market-place that connects the sellers (miners) of the hashing power with buyers through smart contracts and decentralized Escrow.
The platform enables buyers and sellers of hashing power to easily connect as kit creates a convenient and easy tool to use by all the crypto market participants enabling them to generate a greater profit. This makes the project viable and I would invest in it.
Differentiation: The platform differentiates itself from other mining pools by creating a marketplace for users to buy and sell hash power. Compared to marketplaces such as those from NiceHash, HashRental aims to make their marketplace decentralized by developing an escrow service and by using smart contracts with LUHN tokens.
Market Penetration Potential: The demand for a crypto-mining marketplace is uncertain due to the future development of consensus protocols. Although, for the time being, there is value with providing a decentralized marketplace for hash power as opposed to one which is centralized, such as NiceHash.
Solution Advantage: The strongest competitive advantage of the platform is that the platform is decentralized. Otherwise, the advantages of the platform is not evident.
Long-Term Vision: The overall purpose of the platform is to attempt to alleviate current issues with mining cryptocurrency. As more cryptocurrencies move to a more energy efficient consensus protocol, the platform will struggle to remain useful to users.
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