Dear Magicune500,
80% of electricity in Georgia are produced by the hydropower plants. Bitfuty is using electricity produced by the hydropower plants.
There is no electricity produced by the Black Sea.
The land of Colchis (nowadays territory of Samegrelo region of Georgia) is at the eastern coastline of the Black Sea where the largest hydropower plant in Georgia (and one of the largest in the world!) called Enguri HPP is located; installed capacity of the
Enguri HPP is 1300 MW! Again in Samegrelo, there are two more large HPPs (name: Vardnilihesi I and II) with installed capacity in total 340 MW. Thus, one single region of Georgia produces solely 1640 MW of electricity! YES, 1640MW!!
During spring/summer times Georgia is net exporter of electricity and major supplier of electricity for such a big market like Turkey.
You can find more info and links here
http://goldenfleece.co/index.php/2017/07/20/electricity-price-in-georgia/ In addition, some portion of electricity consumed by the Golden Fleece mega mining datacenter will be produced by small scale solar and wind power plants that we will built next to the our facility in consultations with our British partner
http://gjrenewables.com Furthermore, currently we are in negotiations with Free Industrial Zones (tax free) all over Georgia; initial agreement reached and in the near future we will sign the MOU to secure space for our mining datacenter. As soon MOU finalized it will be available to public through our new web-site (new web-site will be launched soon).
Profit distribution details: Profit distribution will be based on token repurchase. After datacenter will be operational, company will allocate half of its mining profit to repurchase token with market price (2-5% of tokens monthly). Repurchased tokens will be destroyed. Other half of the profit will be used for further increasing datacenter capacity and possibly building the backup datacenter in other country.
Answering your previous comment: yes, GFL will be available on major exchanges after the ICO.
We call on you, respect Georgian people!!! Georgians are mature enough and smarter then you can imagine to define difference between Bitcoin and altcoin.
DO MORE RESEARCH ON GEORGIA!
P.S. wish you good luck and to the ICO maybe you are working on!
Honestly, I dont even see any question answered properly.
You mentioned 100% green energy power of 20 megawatt.
Can you specify where did you find 100% green energy in Georgia? while Bitfury and others use normal electricity yet you found Green energy at black sea.
What your tokens will provide to the investors? Will they own assets hardware part of land, or just little hashpower? Like cloud mining ?
Would you provide monthly dividends? Or you just let the market decide the supply/demand part?
P.S. Ministry of Justice uses blockchain technologies in Georgia, I mentioned it in my 1st post, but General public thinks that you just inventing another bitcoin, and they might invest.
Good luck to them
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