Published On: Wed, Nov 22nd, 2017

Building the 20 MW Mining Data Center With the Golden Fleece Token

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An increasing number of cryptocurrencies and their ICOs are now being launched with physical asset backing that can generate new earnings and foster value addition for token holders. Golden Fleece is a new cryptocurrency from Georgia (the country in Europe, not the US state!) that is aiming to fund the construction of a heavy 20 MW datacenter after raising funds from an ICO. This data center will be primarily used for mining cryptocurrencies.
[Note: This is a press release.]
This is a whole new concept from Golden Fleece as they aim to make a scalable data center whose power can be enhanced in the future to remain competitive as a mining juggernaut. They aim to raise a mammoth $40 million through their ICO, and much of the ICO’s money will be doled out to mining rigs, with each costing around $2500 at the moment. Based on such a big investment, Golden Fleece is now looking at $12 million revenue in the first year, which will eventually increase to $100 million in year three, as per the whitepaper. A pilot project costing $400,000 has already been commissioned by the company, and they are now using its approach to further scale up for the main data …

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