3 ms·
This is a good time to invest in electricity and facilities in Mongolia > Mongolia hosts 10% of the world's known coal reserves at an estimated 162 billion ton
by abrkn 9y ago
This is a good time to invest in electricity and facilities in Mongolia
> Mongolia hosts 10% of the world's known coal reserves at an estimated 162 billion tonnes in 2011 with 17 operating coal mines
- tanilama 9y agoFun fact: Mongolia buys electricity from China
- jrsks 9y agoMongolia is also investing in renewable energy. For example the solar park in Darkhan and the Salkhit wind farm, but of course these are not closely enough to cover Mongolia's need yet. In the meanwhile the population of Ulaanbaatar has to breathe some of the most toxic air in the world. However, Mongolia seems to be one of the few countries, where Bitcoin mining seems to make sense, because of cheap energy and it's complicated economic situation that makes producing and exporting goods very hard. With Bitcoin they don't have to ask China or Russia for permission to cross the borders.
- MagnumOpus 9y agoIs coal electricity competitive for mining coins? I thought you need to be next to a hydro plant?