The company behind the facility.

The story so far

The project started from a practical question: where can a proof-of-work facility be built so that the electricity is renewable, and so that the climate carries part of the heat away? Northern Norway is the leading answer, because of hydroelectric power and the cold. Sites in the United Kingdom are also being considered, where they could use surplus renewable electricity.

The company is at the planning stage. Buying the machines will take investment. Fundraising materials are being prepared, and updates will appear on the investors page. Nothing here is an offer, a term sheet, or a forecast.

We will not overstate the team. Isaac is the founder. A biography will be added in his own words. Advisers and anyone else will be named only with their permission.

Why Zcash, for technical reasons

Zcash is a proof-of-work network. Miners spend computation and electricity to add blocks, and that work is what orders transactions. Since the Blossom upgrade, the protocol's target time between blocks is 75 seconds. That is a property of the network. It is not a forecast of how many blocks this facility will find.

The proof of work is Equihash with parameters 200 and 9. It is a memory-hard puzzle, built on the generalised birthday problem, so a fast solution needs a large working memory rather than only a quick chip. Machines built for a different algorithm, such as Bitcoin's SHA-256, cannot do this work.

Zcash is also a privacy system. It supports shielded payments using zero-knowledge proofs (zk-SNARKs), alongside transparent payments that work more like Bitcoin. The privacy sits in the design of the transaction. Mining a block does not, by itself, make a payout private.

The operation is aimed at this network because the work is specific, the hardware has to match the algorithm, and the energy supply is the main constraint on the design. This site does not discuss the market price of Zcash, and it is not a view on whether any cryptoasset will rise or fall.

In Motion Mining is an independent company. It is not the Electric Coin Company, the Zcash Foundation, or the operator of the Zcash network.