LUHN is Crypto-Heart of the HashRental

HashRental
2 min readApr 10, 2018

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Tokens will be accepted as a payment for hashing power rent

WHY “LUHN”

Token named for Hans Peter Luhn. Starting in the 1940s, Luhn devised machines and schemes for parsing information, most notably the now widely used hashing algorithm, which he suggested as a way to sort both numbers and text. “LUHN” is the first hashing algorithm.

Hans Peter Luhn

WHAT IS LUHN TOKEN

Technology token is ERC20. It’s token standard, which stands for Ethereum Requests for Comment, it set of programming “rules”. Luhn coin is
Ethereum-based token. The Ethereum blockchain is a distributed, opensource
blockchain-based computing platform.

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:

CURRENT APPROXIMATE PRICE THAT GUARANTEE YOU SOME HASHING POWER: 0.5KSOL/S * 1 HOUR = 1 LUHN (EQUIHASH ALGORITHM). 1 LUHN PRICE ON ICO, WITHOUT BONUS = $0.04. MINIMUM PROFIT FROM MINING OF ONE HOUR WITH 0.5 KSOL/S HASHING POWER IS $0.128, THUS, TOKEN RATE WILL INCREASE UP TO $0,128 AFTER LAUNCHING HASHRENTAL SYSTEM.

* The ETH/USD conversion rate was determined to the token pre-sale start (April 17,2018)

** The proportions remain with ETH/USD conversion rate change.

CONSIDERING THE INCREASING NUMBER OF USERS AND LIMITED NUMBER OF RELEASED TOKENS, LUHN EXCHANGE RATE WILL INCREASE AND INVESTORS WILL GET MAXIMUM PROFIT.

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