Topic: [ANN] [ICO] Golden Fleece GFL - Mega Mining Datacenter 100% Green Energy! Part2 - page 2. (Read 1538 times)

Website: https://www.goldenfleece.co/
Bitcointalk: https://bitcointalk.org/index.php?topic=2040790.0;all
Whitepaper: https://goldenfleece.co/-/~/m/u/ck/files/White%20Paper%20(v_%202_04).pdf
Facebook: https://www.facebook.com/GoldenFleeceToken/
Slack: https://join.slack.com/t/golden-fleece/shared_invite/MjM1MDIyMzcyNTYyLTE1MDQyNjY4ODYtODVmNTBiMzQxMg
Linkedin: https://www.linkedin.com/company/18163595/
Twitter: https://twitter.com/GoldenFleece_co





* Actual hashing power is expected to be higher, as new hardware installations will always consider the most powerful and most profitable units available at the day of purchase. Due to our combined purchasing power of all investors we're in the position to make preferential deals with the most respected mining equipment developers (for example through our team in Singapore).

• The Golden Fleece project anticipates to build cryptocurrency mining datacenter.
• The initial mining operation already started at Tbilisi Free Industrial Zone
• Expansion Stage I will be on the land of Colchis, at the Black Sea coast in Georgia.
• Fundraising through ICO with the GFL ERC20 token.
• No need to buy hashing power contracts with unknown outcome and maybe a profit after 12 months.
• Stay liquid. Tokens can be traded back into crypto at market rate.
• Have direct control over your profits.
• 50% of mining profits are distributed to GFL token holders.
• 50% of mining profits are used for updating hardware to increase profitablity.

With the GFL token you become a share holder of the most transparent and fairest mining model. You will receive a share of all mining profits according to the amount of tokens in possession. There is a minimum amount of GFL tokens to possess in order to participate in profit share, due to handling complexity (a new lower number will be announced soon). As a single miner, making a profit is difficult and a lot of work. As a huge group combining forces and purchasing power we can get the best deals, latest hardware before it is available for the mass market and mine at industrial level.

Would that make GFL a security?
Yes. A token or coin that offers a share of the profit of a company is considered being a security by the SEC. GFL is following Georgian law and regulation in order to fulfill all legal requirements.


Cheap electricity: 0.05-0.06 USD per kW/h.
Green energy: around 80% of electricity in the country produced from hydro power plants.
Blockchain and mining-friendly legal environment:
Successful operation of Bitfury with over USD 100 million investment in Georgian mining operations.
One of the top local banks (Liberty Bank) offers Bitcoin, Litecoin and Ripple trading platform.
Mature to blockchain technology Government: The State Public Registry of Georgia operates on blockchain provided by Bitfury.

Currently most hashing power is concentrated in China. If Bitcoin is a truly decentralized technology and spirit, we have to approach alternative ways to make mining outside of China profitable as well. We at Golden Fleece see a responsibility. If Bitcoin with blockchain is the technology of the future, and there is no doubt about that, and if this is true for our planet as a whole, then we have to maintain a healthy balance. Georgia offers one of the few places on this planet predestined for mining (see advantages above). As engineers and Bitcoin enthusiasts we decided to do our part, what we can do best to support the future development of this new ear - and that is managing mining. We are not blockchain developers. We are not designers. Our publications are not the most beautiful ones out there. We are damn good engineers. We get things done. Mining is what we do best. And we want to do it with you!


Establish crowdfunded mega cryptocurrency mining datacenter in West Georgia where the major producers of electricity are located.
Raise USD 40 million via several stages of ICO of the Golden Fleece token (GFL).
Allocate 5,000 m²  of land plot purchased recently for cryptocurrency mining purposes.
The mega mining datacenter is supposed to consume as much as 20 MW electricity and Golden Fleece is in negotiations with a British partner to build solar or wind power stations for own consumption.
 

Mining diversification: Different types of equipment for mining variable cryptocurrencies will be used. Ethereum and other GPU compatible altcoins will have a large share, however we also install ASIC miners.

Backup in other country: After the successful ICO, we finalize negotiations with our partners in Singapore and make strategic preparations to build the mining datacenter in Singapore. Feasibility study continues and final decision on backup location to be determined on ICO II stage.
 
Mega mining datacenter development in Georgia will last three to four months from the day of the start of construction, including connection to grid. Smaller mining activities are currently ongoing and increase from day to day. We aim to start mega mining from February 2018. For further details and numbers please visit our homepage.

Achievements to date:
• Operation of a pilot mining datacenter at Tbilisi Free Industrial Zone.
Link of video proof: https://www.facebook.com/GoldenFleeceToken/videos/483352885378362/
• Operation of a mining showroom for local investors.
• Purchased land plot for mega mining datacenter.
• Total investment of own funds: USD 200,000.
• Several large scale investors are already contributing. ICO participants can be 100% sure, that the mining centers will be built. The more participation, the faster and bigger GFL can expand.
• Several interviews of CEO on Georgian TV stations.
• Please join our first bounty campaign to spread the word.

Project owner: Pargo LLC; ID: 406035017.
Registration place: Tbilisi, Georgia. Date of Incorporation: 09/29/2010.

For further details please feel invited to join GFL’s SLACK group, where the GFL team will help you answer any questions posed by your local community.