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Topic: ICO - Golden Fleece - mega mining datacenter to work on 100% green energy! - page 7. (Read 8190 times)

full member
Activity: 406
Merit: 102
newbie
Activity: 13
Merit: 0
Rather than giving ROI numbers it would be better to share different scenarios. Ethereum can be problematic with the incoming supply of drivers. I beleive you should inform us more about renewable energy and legal status. I do not believe that it can be profitable with this preferences.

ROI of course depends on several different inputs/assumptions. For scenario part you can find our excel (on google sheets) model and try yourself changing input values to find what the result may be:
https://docs.google.com/spreadsheets/d/116FvwAmpSGVHc9PbMTzmmX_YD5qzkCwDzqjIInNI03Y/edit#gid=8342125

We have 1 million token budget for bounty campaign for project supporters, feel free to contact me on facebook: Vakhtang Gogokhia
newbie
Activity: 13
Merit: 0
Rather than giving ROI numbers it would be better to share different scenarios. Ethereum can be problematic with the incoming supply of drivers. I beleive you should inform us more about renewable energy and legal status. I do not believe that it can be profitable with this preferences.

Hello, thanks for the feedback! You can read my post about electricity prices on the website: http://goldenfleece.co/index.php/2017/07/20/electricity-price-in-georgia/

But I will also review wind/solar here.
More than 80% of energy is derived from Hydro Power Plants, the rest is derived in winter by Gas Powered Plants.Wind and solar are new to Georgia but have strong support from the state. There was launched first 20 MW wind power plant last year in Georgia, near city Gori. Because it was pilot project and built by state owned agency, state gave them quite high Power Purchase Agreement for 6.89 USD cents per KW/h. There is 5 MW pilot solar project which is being built in Udabno region with 6.5 USD cent PPA. However our energy partner Georg Van Der Berg (you can find him on our team page) with deep expertise in renewable energy is ready to develop solar power plant with 6 USD cent purchase agreement. We also have local small scale renewable partner company called Helios, they will be doing video review of our mining plans next week on national tv. 


These are useful links about Georgian energy sector:
http://forbes.ge/news/2332/In-7-months%2C-the-wind-power-plant-in-Kartli-generated-3-mln-kWh-more-energy-than-forecasted-
https://investingeorgia.org/en/keysectors/energy

Legislation is liberal for cryptocurrency. Bitfury has built 3 large mining facilities with 100+ mln USD investment. Local Liberty Bank has Bitcoin/Litecoin online exchange.

Feel free to ask any further questions!
newbie
Activity: 13
Merit: 0
http://goldenfleece.co/

To be honest your idea is not impressive and your website is also looking crappy with free hosting and a WordPress theme. Please upload some video proof of team members as I feel these are some randomly picks people to put on that website.

Greetings! With your request I have just uploaded photos of me and one of team member (Shota Metreveli) in our pilot mining facility.
We are working on video blog also, it will be launched in a week or so.

See photos here:
http://goldenfleece.co/index.php/about-project/
member
Activity: 75
Merit: 10
..an to be honest our web-site is not using free hosting. We care more about project idea, plans, implementation and its success rather then web-site theme or its developer. Once again, thank you for comment.

http://goldenfleece.co/

To be honest your idea is not impressive and your website is also looking crappy with free hosting and a WordPress theme. Please upload some video proof of team members as I feel these are some randomly picks people to put on that website.
member
Activity: 75
Merit: 10
Thank you for feedback and raised question, but could you please specify what additional information you feel need to learn more from us on renewable energy?

Rather than giving ROI numbers it would be better to share different scenarios. Ethereum can be problematic with the incoming supply of drivers. I beleive you should inform us more about renewable energy and legal status. I do not believe that it can be profitable with this preferences.
member
Activity: 75
Merit: 10
Thank you for you comment. We take into consideration your feedback and hereby we assure this is not randomly pick of people but this is the team who feels confident can to utilize available relatively cheap green energy at local market and contribute efficiently to alctoin global mining effort.


http://goldenfleece.co/

To be honest your idea is not impressive and your website is also looking crappy with free hosting and a WordPress theme. Please upload some video proof of team members as I feel these are some randomly picks people to put on that website.
legendary
Activity: 1260
Merit: 1001
http://goldenfleece.co/

To be honest your idea is not impressive and your website is also looking crappy with free hosting and a WordPress theme. Please upload some video proof of team members as I feel these are some randomly picks people to put on that website.
sr. member
Activity: 321
Merit: 250
Rather than giving ROI numbers it would be better to share different scenarios. Ethereum can be problematic with the incoming supply of drivers. I beleive you should inform us more about renewable energy and legal status. I do not believe that it can be profitable with this preferences.
member
Activity: 75
Merit: 10
Golden Fleece means altcoin mining datacenter at the eastern coastline of the Black Sea – Georgia.

The myth of Argonauts comes true on the land of Colchis!

We do not collect gold in rivers using the fleece of golden ram as Greek- Georgian myth of Argonauts states, but we do mining of real altcoins on the ground.

Golden Fleece datacenters will use cheap green electricity (5-6 $ cent/kwh).

Project has $50 ml capital target. Mining capacity is set to be around 2.6 TH/s for Ethereum.
Invest in mining with absolute advantage!

Golden Fleece datacenters will work on green energy, 50 percent of the consumed electricity will be produced by the Golden Fleece itself from solar and wind power plants, other half will be supplied by Hydro Power Plants.

Become part of the legend!

ICO details http://goldenfleece.co/index.php/ico-details/
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