Hong Kong firm Genesis Engineering plans to launch a large-scale mining project in the territory of the Amur region, part of the far Eastern Federal district of the Russian Federation. Earlier, the Ministry of the Russian Federation reported that a Hong Kong company Genesis Engineering during the meeting with CRDF announced plans to invest in blockchain technology, including the creation of a mining-farm cryptocurrencies on the island of Russian in Vladivostok, writes RIA “Novosti”.
Corporation of development of the Far East suggested that Genesis Engineering to invest in the blockchain, and to do other related projects on the territory of the region are large power generation facilities and the mode of THOR.
After Genesis Engineering provided all the necessary project documents, it became clear that power system of the island of Russian will be able to meet the needs of the company, as now all three mini-CHP, located on the island, loaded only 12 percent. In addition, the power system of the island is not cut off from the mainland, so in an emergency the work may be included and power plants located in the neighbouring areas.
Genesis Engineering felt that 1 thousand square meters equipped premises consumes 1 megawatt of electricity, and total electricity demand will be about 300 megawatts. Now projects are under negotiation, because when you implement them you need to include the many nuances that are not associated with the energy system of the region.
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Company from Hong Kong discussing with the Amur region of the joint mining project
Vyacheslav Larionov