[ANN] Karvuon – More Power for the Blockchain Industry

[roisenebod]

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]

Karvuon will completely reinvent the energy sector in Mongolia, I guess

[crisjho]

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]

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Because, coal energy is outdated, ineffective and not very green energy?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]

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]

Is it profitable to mine cryptocurrencies (Bitcoin, for example) in Mongolia now? Is energy cheap enough for it?

[Vasil2312]

Mongolia can become Asian Malta/Switzerland for cryptocurrencies, a great jurisdiction for blockchain-based products.

[AmoreJaz]

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?

[sabeur11]

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]

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]

What part of Mongolian total energy consumption can you satisfy? Or all the energy will be heard to the crypto mining farms?

[vuinholiu]

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]

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]

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]

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]

What for will utility tokens be used for? I can't get why do you need own tokens.

[roisenebod]

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]

Every utility token will stand for 1 kW of energy produced by Karvuon LLC facilities. Also, they will be used for paying fees.

[Vasil2312]

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]

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.