Cryptocurrency mining has become a big business, and the global market capitalisation of these coins exceeds $ 170 billion, according to Coin Market Cap.

The main problem of mining in general, which can ultimately undermine its success, is the massive amount of energy needed to “mine” virtual coins.

Minable crypto is created by using specialised computers that look for the correct codes (hash keys). This electronic digging is becoming more and more popular, so more people are digging in search of this virtual “gold”. Sebastian Dettman in 2016, estimate that by 2020, the Bitcoin mining will require as much energy as it consumes all of Denmark.

Bitcoin mining is one way to make a good profit — potentially much more revenue than conventional grid electricity contracts — without any contract to sell. The profitability of bitcoin mining is determined by the cost of electricity more than any other factor. Therefore, if solar energy is cheaper than buying electricity from the network, it makes sense to combine solar energy with mining.

If most future mining operations use solar, geothermal, hydropower, biomass or wind energy, the huge energy requirements for mining and their subsequent environmental impact can be greatly mitigated.

Another advantage of the renewable energy model is that tax breaks on renewable energy can be covered by tax liabilities from the sale of bitcoins, eliminating the need to attract external investors, as is often the case with Autonomous solar or wind operations.

Bitcoin mining began as an activity that could be carried out on personal computers, but quickly turned into a powerful business that requires specialised chips and a large amount of electricity. This trend continues, and as mentioned above, the cost of electricity is now the biggest factor in determining the profitability of production.

Plus our company is not only about mining Bitcoin — there are a lot of other nice altcoins to mine.

We manufacture, administer and operate our own fleet of Autonomous mining clusters. Our profits are determined by the rewards less depreciation. Capital expenditures of Helios Mining Ltd are financed by our investors in ICO. In turn, token holders are entitled to 100% of the proceeds, 25% of which Helios Mining Ltd reinvests in order to increase the market share in the future and maximize revenue.

The distribution of these dividends will be carried out weekly: 75% of the profit will be paid, and 25% will be re-invested in clusters to increase the volume of dividends of Helios Mining Ltd community.

Cluster activity will be maintained as long as it is profitable. If the cluster configuration includes 50% of ASIC chips and 50% of GPUs, the total return on investment of Helios Mining Ltd’s own mining operations is 181% (calculations as of November 24, 2017).

A detailed overview of the main assumptions, cost factors, and profit data is provided in our Financial Model.

Own operations in themselves highly profitable. We are currently in talks with a number of countries in the Middle East. Their interest lies in the exploitation of Autonomous Solar Mining clusters in the framework of vertical integration to ensure their profitability in a complex environment of energy markets.