Post
Topic
Board Mining
Re: About the construction of mining farm in Mongolia
by
FP91G
on 06/07/2023, 18:31:56 UTC
I apologize for asking imperfect questions.

Here is more information:

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.

With such tariffs, it would be a new heaven for miners, but something is not right here.

On the left is Kazakhstan, on the right and below is China. Both countries banned mining or made it unprofitable.
I have not heard that miners from Kazakhstan or China have fled to Mongolia, although it does not take long to transport equipment across the border.