Quote from: goldenfleece on July 27, 2017, 04:02:00 AM

Agree, 300 kWh is min that you shall consume to get cheap electricity in Georgia, but our goal is to built mega mining datacenter so we definitely will consume far above 300 kWh electricity Grin

We are running now pilot project in Kakheti for altcoin mining and our electricity bill do not exceed $ 5 cent kWh.

We are actually preparing for ICO to raise funds for the mega mining datacenter (http://goldenfleece.co - do not comment about web-site Cheesy

we are in the process to upgrade it Cheesy

). Our project is called Golden Fleece (first Georgian altcoin) and we plan to build the mining datacenter on the land of Colchis in West Georgia; and yes we use green energy as a source of electricity for altcoin mining. You are right there are lots of HPP opportunities in Georgia but we target to use solar and wind power as well (but not big portion of our consumption).

What do you thing about Singapore?

Quote from: mettalmag on July 26, 2017, 11:29:04 PM

Quote from: Liquid71 on July 26, 2017, 09:42:37 PM

how does low government corruption help mining altcoins? Huh

if there are zero regulations also?

I also consider Georgia (my home country) as a best place for not only alts but for mining.
You should mention that it's not as easy to get 5-6 Cents per KWh, unless you are consuming above 300KWh. But, there's a big but also, under proper management and under good connections you are able to get your own power plant, small or medium one, last couple years governmental structures are working and in fact supporting people to run power plants, there are some regulations of course, but it's relatively easy to do it. Also consider that there are more than 25k (yeas! 25 fucking thousand) rivers in Georgia, not all of them are capable to handle power plants, but hey, 25.000+! So My voice goes to Georgia the country!

I am from Singapore.

It's very safe, great for business. However it's right in the tropics and you will not be getting dirt cheap electricity.

I'm not sure how much you will spend on power in datacenters but I doubt you can beat some of the rates quoted by folks here.

Zakyn

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