HeliosCoin and the Decentralisation of Solar Mining Clusters

The mechanism of stability of blockchain networks, based on confirmation of the volume of calculations (proof-of-work, PoW) will be gradually replaced by other mechanisms that do not need the existing amount of equipment for specialized calculations (miners). At the same time, investments in this equipment will not be lost forever — the created computing power will be aggregated and used for other useful and popular calculations.

A growing network with a PoW mechanism cannot work forever. There are several reasons for this. Helios solves each of them.

The first reason: miners burn a huge amount of energy without any benefit. Indeed, the most frequently voiced claim of the greens is that if blockchains are about the bright future of all mankind, why do they throw so much energy into the atmosphere without any benefit? At the Novosibirsk branch Of the blockchain Competencies Center, created by the Ethereum and VEB Foundation, we investigate the volume and structure of the blockchain technology market. We estimate the energy that is now being spent on mining bitcoins, more than 5 GW, and about 1 GW for mining Ethereum. And we have to agree that the operation of mining devices is absolutely useless, except for ensuring the stability of the network. No matter how many devices, they solve the same problem, and the prize goes to only one every 10 minutes (in the bitcoin network). The results of the calculations are simply thrown out after the appointment of the winner. Thanks to mining technology, Helios Mining Ltd is independent of this problem.

The second reason is the increasing complexity of caching algorithms. This is often voiced, but not a critical reason. If necessary, the algorithm can be simplified. Helios successfully coped with this problem too.

As our clusters network going to grow by spreading the world regions, each cluster no matter where it is located, will be connected to our decentralised network on EOS or ETH blockchain. Our DEV team still on a consideration which one has more prospects, but we will tell you about it in our next stories.

Miners in all clusters will be connected to our own mining pool. by reaching our hardcap , we will have over 25.000 units of mining equipment and this quantity will grow by clusters selling. It gives us and our clusters buyers to gain from mining more efficient with no need to pay huge commissions to famous pools.

Our AI software, that controls mining process, will be implemented to our decentralised pool and will run all the equipment connected to our blockchain.

Its absolutely unique autonomous infrastructure created by us to avoid dependence from government regulations and make mining easy, autonomous and profitable.