The BlackCoin team is running a new and interesting initiative in order to add more buy pressure on exchanges. Their new project is called BlackHashlet, and is a combination of cloud mining contracts, earnings of which are used to set up buy orders on exchanges. Let’s find out more!
A BlackCoin Mining Fund has been set up, where people can donate either BlackCoin or Bitcoin to specific addresses. So far, over 0.3 Bitcoin and 13500 BC have been donated to the fund, which uses these donations to purchase cloud mining contracts from various sources.
These sources are ZenMiner, Genesis Mining, ZeusMiner and Multi-Hash. Some of the contracts are mining Bitcoin directly, while others via Scrypt. ZenMiner is currently at 19MH/s, Genesis Mining at 60 GH/s for Bitcoin mining, Multi-Hash at 1 MH/s and ZeusMiner at 1 Zeus (no official hashrate reported).
Considering all of these contracts are between 7 and 21 days old, depending on which service/manufacturer you are looking at, an average of 0.0285 Bitcoin per day through mining is not a bad start. In total, 0.2697 Bitcoin has been generated by the BlackCoin Mining Fund.
The current buy pressure is a BlackCoin buy order sitting at the price o 0.00013200 Bitcoin, for a total of 1477,69 BC. Keep in mind this spreadsheet hasn’t been updated today as of yet, but it still gives a good indication of what the plan is.
You can find the BlackCoin Miner Fund spreadsheet here :