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    Author Topic: [ANN] Karvuon – More Power for the Blockchain Industry  (Read 6587 times)

    • roisenebod
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    December 18, 2019, 07:11:57 PM
     #241
    Quote from: neral78 on December 16, 2019, 05:38:35 PM

    They are selling most of this coal to China...And then buy electricity from Russia and China. It's not very clever.
    True. I hope Karvuon will solve an energy problem in Mongolia and help energy sector to grow to the next level.

  • sabeur11
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    December 18, 2019, 07:40:57 PM
     #242
    Karvuon will completely reinvent the energy sector in Mongolia, I guess

  • crisjho
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    December 18, 2019, 08:10:42 PM
     #243
    Don't you think that if look on the sutiation with cryptocurrencies in China, Karvuon can become the biggest mining pool in the future?

  • cuberbuller
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    December 18, 2019, 08:56:48 PM
     #244
    Quote from: FarEast33 on December 16, 2019, 05:00:46 PM

    According to geologists, coal reserves in Mongolia amount to more than 160 billion tons. Why do they need any alternative energy sources?
    Because, coal energy is outdated, ineffective and not very green energy? Also, solar and wind power plants can complement already working coal plants.

  • roisenebod
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    December 18, 2019, 09:28:28 PM
     #245
    Quote from: FarEast33 on December 16, 2019, 06:10:26 PM
    Quote from: Dinovanhuten on December 15, 2019, 06:26:00 PM

    Quote from: discnicklinkrozp on December 12, 2019, 10:24:12 AM

    Is cryptocurrencies really popular in Mongolia? How many potential investors are there?
    https://cointobuy.io/countries/mongolia "As per our Mongolia cryptocurrency regulation analysis, crypto-related activity in this region has a 2.2/10 safety rank. The dominant ranking factor for Mongolia is ICOs Restricted."
    The authors of this statement have no idea what is happening with cryptocurrencies in Mongolia, I guess.
    What ICOs are restricted in Mongolia? I've never heard that Mongolia was in the list of restricted countries (like China, or the USA).

  • chlorasconla
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    December 18, 2019, 09:52:04 PM
     #246
    Is it profitable to mine cryptocurrencies (Bitcoin, for example) in Mongolia now? Is energy cheap enough for it?

  • Vasil2312
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    December 18, 2019, 10:21:25 PM
     #247
    Mongolia can become Asian Malta/Switzerland for cryptocurrencies, a great jurisdiction for blockchain-based products.

  • AmoreJaz
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    December 18, 2019, 10:31:26 PM
     #248
    Quote from: FarEast33 on December 16, 2019, 03:50:48 PM
    By 2022, a lot of electricity is expected to be produced. In Mongolia, Karvuon is going to launch a huge energy farm with the cheaper electricity for everyone.

    that is if they will be successful in pushing thru this project. it will be until 2022 to see if this will gonna go thru.



    a lot of things will happen in between. and the first question is = can they raise enough money to construct their facility? we all know that raising funds is not a walk in the park. lets see if the karvuon team will be transparent on how much they will raise on this one and what they will gonna do if they dont have the funds to build their project?
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  • sabeur11
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    December 18, 2019, 10:45:05 PM
     #249
    Quote from: goldkmobitis on December 16, 2019, 04:26:52 PM

    Quote from: onlineworld on December 15, 2019, 04:27:58 PM

    This data center will have massive hashing power for cryptocurrency mining. I hope it will be still very ptofitable in several years.
    There is a big question abouth that. I heard Bitcoin mining isn't so profitable in China now. And after future Bitcoin halving it may become unprofitable at all.
    I can't believe in that. If it were true, why would these miners continue to work then? Also, you can mine not only BTC, but different alts.

  • koraman
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    December 18, 2019, 11:13:30 PM
     #250
    Quote from: goldkmobitis on December 16, 2019, 04:26:52 PM

    Quote from: onlineworld on December 15, 2019, 04:27:58 PM

    This data center will have massive hashing power for cryptocurrency mining. I hope it will be still very ptofitable in several years.
    There is a big question abouth that. I heard Bitcoin mining isn't so profitable in China now. And after future Bitcoin halving it may become unprofitable at all.
    Cryptocurrency mining doesn't equal to bitcoin mining. There are a lot of altcoins that are very profitable to invest.

  • portioberra
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    December 18, 2019, 11:36:25 PM
     #251
    What part of Mongolian total energy consumption can you satisfy? Or all the energy will be heard to the crypto mining farms?

  • vuinholiu
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    December 19, 2019, 12:00:32 AM
     #252
    Karvuon will build and operate an energy industrial park in Central Mongolia. I guess, at first all the energy will be headed to the crypto mining farms.

  • edinvade
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    December 19, 2019, 12:25:14 AM
     #253
    At forest, they will work with crypto mining only. But in this case, Karvuon won't be really useful for the Mongolian energy sector.

  • plunerimti
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    December 19, 2019, 12:50:15 AM
     #254
    Quote from: FarEast33 on December 16, 2019, 03:50:48 PM

    By 2022, a lot of electricity is expected to be produced. In Mongolia, Karvuon is going to launch a huge energy farm with the cheaper electricity for everyone.
    A lot of electricity is being produced even now. It's high time to launch such an innovative project, as Karvuon.

  • crisjho
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    December 19, 2019, 01:13:26 AM
     #255
    Quote from: takokaee on December 16, 2019, 06:41:44 PM

    OK, so does your Karvuon project have Mongolian jurisdiction? Or you are registered in the UK/Switzerland/Malta/BVI, countries with loyal regulation?
    Mongolian jurisdiction. Here is the HQ of the Karvuon project: Seoul St. Twin Tower 4th Floor 405, Ulaanbaatar, Ulaanbaatar 15170, MN

  • cuberbuller
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    December 19, 2019, 01:36:54 AM
     #256
    What for will utility tokens be used for? I can't get why do you need own tokens.

  • roisenebod
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    December 19, 2019, 02:00:38 AM
     #257
    What power plant will be the first? Also, is IPO important for the project's future? Because, today investors can't be sure it will successfully happen.

  • chlorasconla
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    December 19, 2019, 02:25:14 AM
     #258
    Every utility token will stand for 1 kW of energy produced by Karvuon LLC facilities. Also, they will be used for paying fees.

  • Vasil2312
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    December 19, 2019, 02:50:23 AM
     #259
    Quote from: ningpiderpbreach on December 16, 2019, 03:18:25 PM

    Quote from: Johnsho on December 13, 2019, 04:30:38 PM

    While creating Ethereum-based token, aren't you afraid about the Ethereum future? It doesn't look so optimistic.
    Among all the competitiors (including Tron, EOS etc.) Ethereum is still the strongest one.
    Just like Bitcoin is still the king of cryptocurrencies, Ethereum is still the king of Dapps and smart contracts. And this fact won't change in the nearest future.

  • sabeur11
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    December 19, 2019, 03:15:25 AM
     #260
    Quote from: vovanxx on December 16, 2019, 02:18:42 PM
    Is Mongolia ready for the revolutionary technologies you are going to provide there?
    Who knows? But team members said it has all the necessary infrastructure for the industrial park already. Let's see what will happen next.
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