People could say that NordCoin Mining’s ICO is yet another mining farm ICO like Envion, Icerock Mining, or Terraminer. In a sense, it is correct as long as you consider all cryptomining ICOs as genuine projects with solid business plans, that will eventually succeed. While not criticizing other projects I would like to outline why do I think that NordCoin Mining is slightly different.

Inside an MMC

NordCoin’s mobile mining containers

NordCoin’s mobile mining containers (MMCs) have taken months to develop and have passed through several failed attempts. A lot of hard work from various experts had to be put into the project to finalise the turnkey solution MMC we have today. Since we did it to solve our own problems and maximise our mining efficiency, we had to execute it perfectly and giving up was not an option. You can read about that in our blog post ‘The pain of developing something that no one else has done yet!’ We decided to come out with the ICO only after we were absolutely sure that our solution is tested and working perfectly in a wide range of climate conditions. The fact that we have also sold MMCs to other crypto mining projects means that the solution has been tested and verified by third parties as well.

Inside an MMC

Another reason why NordCoin Mining is different than some other projects is that we are already mining at the power plant and have a long-term agreement in place, which gives us a fixed and favorable price of electricity. We have so far built and plugged in four fully equipped MMCs, while building two additional MMCs that will be shipped and connected to the power grid in a few weeks.

In addition to that, our ICO hard cap is based on the amount of electricity currently agreed to with our supplier who is the owner of the power plant. We also have several new sites available in favorable climate conditions and ongoing negotiations to gain financially beneficial conditions. The new sites may require second and third round ICOs, but those rounds won’t dilute the first round participants hashing power, or potential crypto mining results.

Another reason why NordCoin Mining is different is that our aim is not to buy and spend money on land, while still being able to position our mining operations right next to power plants, in order to avoid transmission costs and losses. The other options considered include favorable geographical conditions with surplus energy, and an option to recycle the heat generated by ASIC miners, with agreements to sell it back to local central heating network of local municipalities.

Finally, we do not offer any big discounts during our pre or public sale, as it really does not make sense for the business case of crypto mining. Based on basic calculations, everyone should understand that discounts mean less money to buy equipment. This will result in less hashing power which equals smaller mining results. We are not looking for speculators to purchase our tokens in order to make some money on a quick flip. We have built our business model for crypto enthusiasts that firmly believe in cryptocurrencies, and who want to be a part of a mining farm that is transparent in its work and is run by a team of real professionals passionate about the project.

Find out more on our website https://www.nordcoinmining.com/