HLOR Announces The Launch Of New Project For Cryptocurrency Miners

The company is on a mission to stabilize the financial and economic development of the Cryptomining industry, reports hlor.com.

London, UK – March 3, 2019 /MarketersMedia/ —

HLOR Foundation is pleased to announce the launch of their unique project. Created by crypto miners for crypto miners, Hlor serve as an additional source of income for the miners of all cryptocurrencies, no matter which coins, algorithms, pools, hashrates, or mining equipment they are currently working with. The company’s mission is to create a system which stabilizes the financial and economic condition of the bitcoin, ethereum and cryptomining industry in general as well as each crypto miner in particular.

“Hlor is a necessary addition to the industry because it contributes to the actual decentralization of generation and the unique concept that ‘every miner is a money printing machine’ concept. We believe it is time that money as a global economic instrument undergoes some vital changes. The issue of money used to be the privilege of merchants, feudal lords, rulers, national banks, and governments. We are now entering an era when currency issuance as a unit of account of a social product will become a function of cryptocurrency miners, and we want to stay ahead of the curve in this regard,” said Vlad Timm of Hlor.

To accomplish this goal, Hlor is generated by the miners of all cryptocurrencies (regardless of their encryption algorithms) as an additional cryptocurrency complementing the main coin of a miner. Hlor is owned by a large number of working miners who will directly and independently affect its economic value. Fair distribution is ensured by the calibration formula and dynamic efficiency factors of mining against the mining algorithm with the highest hash rate (which, as of February 20, 2019, is Bitcoin). All development can be tracked on GitHub, with the Hlor source code to become open source in the near future, and the Hlor.io Explorer allows users to easily lookup, confirm and validate transactions that have taken place on the Hlor network.

With Hlor, there’s no need for additional expenses or configuration of mining hardware and software. With no hidden fees, commissions, or payments, Hlor also makes add-ons available which do not affect the current performance and technical specifications of mining hardware and software and are adapted for the most popular ASICs and Claymore versions. The Hlor team plans to add all existing mining hardware and software to the system down the road.

Timm went on to say, “For all those out there who may be wondering is bitcoin mining profitable, we are excited to bring this innovative solution to the market. Our team looks forward to seeing the positive impact it will have on bitcoin mining in the future.”

About Hlor:

Hlor was created by bitcoin and ethereum mining enthusiasts whose activities are directly related to cryptomining, blockchain technologies, and cryptocurrencies. Hlor team of developers provides technical development, industry connections, and funding focused on accelerating the development of the Hlor ecosystem and community. The Hlor team believes that it can improve the global economic instrument and are working to realize this potential.

Contact Info:
Name: Vlad Timm
Email: Send Email
Organization: HLOR
Address: London, United Kingdom
Phone: +447509299694
Website: https://hlor.com

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Source: MarketersMedia

Release ID: 487921