1. It is located near Ulaanbaatar, the capital of Mongolia.
2. Electricity rate $0.02/kwh (floating)
3. Stable coal supply electricity and the government recognizes bitcoin mining as a legal industry.|
Sounds like a great plan, cheap and stable energy is the best foundation to get started. However, let me just take into account the halving coming in less than a year for your profitability calculations.
1. very obvious advantages, why there are not many farms there?
2. Is the Mongolian government trustworthy?
I don't know, it's hard to answer these questions. As far as I know, there are already mining operations in Mongolia, but it's hard to get precise stats or numbers.
Your proximity to China should give you an advantage when it comes to importing equipment.
Perhaps miners don't brag and are discreet? Perhaps only few people there have the means to invest in such an operation?
As for your question about the government, I think only fellow Mongolians could answer it objectively.
Can I ask you what you're worrying of if it's legal? Customs when importing equipment or taxes? are you afraid of potential corruption ?