The location we are securing at the moment is in Siberia, has ample amounts of room but Greg is just finalising costings and feasibility prior to confirming. But as it stands preliminary it's around 25-30% reduced costs in comparison to Iceland
So this means, right now, the option to have your location in Dubai is off the table? Let us know when you decided where you'll build up your mining farm.
As per the Whitepaper the team were impressed with the financial models based around the location of Iceland... If we can improve those models, which isn't just about maximsing profits but reducing risk also, then we will consider relocation. Off all the Sites we've been to and assessed all mitigating risks so far Siberia has the best outlook.
Our vision is to become a major player in the cryptocurrency arena and for MinedBlock to own a significant part of the infrastructure required to process transactions and mint new crypto assets. This will enable our investors to reap a significant return on investment while we employ an aggressive growth strategy to position ourselves as the ‘Amazon’ of the crypto mining industry
If you end up in Siberia, do you know already how the electricity will be generated? In Iceland geothermal would have been a perfect option, especially when you consider that this is a renewable energy source. But what's about in Siberia?