Blockchain data and Cryptocurrency mining centre – Redstone will begin its operations in June 2019

Redstone, a Blockchain data and Cryptocurrency mining center based in Russia, recently announced through a press release that its construction is almost finished and is going to be launched in June 2019.

The new data and mining center will be a new hot spot for cryptocurrency miners based in China, Russia and anywhere in the world. Currently, the center is in the development phase in the Russian city of Krasnokamensk and will be operated by a large Russian engineering company, Telecor.

Allocation and Maintenance services for miners

According to a press release, Redstone offers the below services to its customers:

• It offers convenient and secured location,
• It offers cheap electricity and Power supply 0,4 kV
• It provides the high-speed Internet connection for mining
• Perfect climate; an average annual temperature of 2 C
• Accessible water for cooling.

Key Features

Redstone’s website says that the mining center has its own power generation equipment with redundant backup. This means that the power generation unit will be built on its own off-the-grid generator base providing a reliable energy source.

Apparently, it has the power-generation capacity of 50MW, Legal ownership rights and is free from government regulations.

The location where the mining center is established provides high-speed internet connectivity that can handle heavy loads of a data center of such scale.

Located near the Chinese border and Manchuria’s Airport makes Redstone an easily accessible area for new equipment deliveries from China that significantly reduces logistics costs.

Talking about prices, CEO of Telecor, Andrew Chernoknizhnikov said,

“Amid predictions about constant increase in electricity prices, Telecor is able to fix service prices provided at Redstone for the next 10 years; it is an important and valuable benefit for our customers.”

“Due to low costs and own energy generation at Redstone, which are for sure some of the most important benefits of this site, our company could offer very low prices, probably the lowest, not only in Russia but throughout the world.”

Redstone is situated at the premises of non-nuclear thermal power plant which is operated by the project partner, Rosatom – a State Atomiс Energy Corporation. Telecom network is provided by Rostelecom – the largest digital services provider in Russia.

The information above does not constitute investment advice or an offer to invest and should be considered for informational purposes only.

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