Miner Hosting

We offer fully managed miner hosting services at competitively low rates
About Mongolia

Ranked 5th most peaceful
country in Asia.

Prices under $70 per KW month.

The warmest period in Mongolia is between April to September with average temperature ranging 15°C – 25°C, whilst during the colder season average temperatures stay well below freezing reaching -30°C at night and -10°C during daytime.

Mongolia Blockchain Events Timeline

  • 2017
    Sep 28
    Mongol Bank communicates initial assessment of cryptocurrencies, declaring that they are extremely volatile & risky assets. Mongol Bank commits to develop clear regulatory environment in 2018
  • 2017
    Oct 01
    Mongolia’s first cryptocurrency exchange www.trade.mn starts operation. Initial interest is much higher than anticipated
  • 2017
    Oct 19
    First crypto forum organized in Mongolia. Over 130 enthusiasts attend
  • 2017
    Oct 26
    Public service announcement from the Financial Regulatory Committee of Mongolia and Mongol Bank. Cryptocurrency is not regulated, invest at your own risk!
  • 2017
    Dec 02
    Cryptonation forum was organized by Ard Capital with over 1’000 attendees. Private discussions held at the ministry of foreign affairs with numerous MPs in attendance
  • 2017
    Dec 27
    Cloudmining.mn initiates preorders for their launch in February 2018 via iTools LLC
  • 2018
    Apr 23
    Digital Currencies Regulation’ finalized by Mongol Bank. Focused towards utility tokens and loyalty point issues by companies. Barely relevant in regards to blockchain technology
  • 2018
    May 17
    “Digital transition and the Blockchain” seminar organized with numerous MPs attending. Key topic of discussion “Running government services on the blockchain”
  • 2018
    May 23
    Blockchain discussion at the Mongolian Economic Forum with several MPs in attendance. Ministry of finance to potentially utilize blockchain for Mongolia’s next round of bond financing
  • 2018
    June
    Ikh Zasag University becomes the first Mongolian University to catalog their graduates’ diplomas using blockchain.
  • 2018
    September
    The founder of Cardano, Charles Hoskins visits Mongolia on a country opening tour. Meets with industry enthusiasts and Government officials.
  • 2018
    October
    Candy, a loyalty program by Mobicom becomes the first digital currency to be approved by the central bank. However, the currency is not a blockchain based cryptocurrency. 2

Mongolia blockchain events timeline

2017 Sep 28
Mongol Bank communicates initial assessment of cryptocurrencies, declaring that they are extremely volatile & risky assets. Mongol Bank commits to develop clear regulatory environment in 2018

2017 Oct 01
Mongolia’s first cryptocurrency exchange www.trade.mn starts operation. Initial interest is much higher than anticipated

2017 Oct 19
First crypto forum organized in Mongolia. Over 130 enthusiasts attend

2017 Oct 26
Public service announcement from the Financial Regulatory Committee of Mongolia and Mongol Bank. Cryptocurrency is not regulated, invest at your own risk!

2017 Dec 02
Cryptonation forum was organized by Ard Capital with over 1’000 attendees. Private discussions held at the ministry of foreign affairs with numerous MPs in attendance

2017 Dec 27
Cloudmining.mn initiates preorders for their launch in February 2018 via iTools LLC

2018 Apr 23
Digital Currencies Regulation’ finalized by Mongol Bank. Focused towards utility tokens and loyalty point issues by companies. Barely relevant in regards to blockchain technology

2018 May 17
“Digital transition and the Blockchain” seminar organized with numerous MPs attending. Key topic of discussion “Running government services on the blockchain”

2018 May 23
Blockchain discussion at the Mongolian Economic Forum with several MPs in attendance. Ministry of finance to potentially utilize blockchain for Mongolia’s next round of bond financing

2018 June
Ikh Zasag University becomes the first Mongolian University to catalog their graduates’ diplomas using blockchain.

2018 September
The founder of Cardano, Charles Hoskins visits Mongolia on a country opening tour. Meets with industry enthusiasts and Government officials.

2018 October
Candy, a loyalty program by Mobicom becomes the first digital currency to be approved by the central bank. However, the currency is not a blockchain based cryptocurrency.

2019 January
Mongolian Commodity Exchange announces tender for Blockchain based trading and accounting system.

Customer Testimonials

Fast and reliable. Working with Monbit has truly been a pleasant experience. The team is communicative and proactive when it comes to solving unexpected problems and issues. I highly recommend anyone interested in cryptocurrency mining to give them a try.

Synergy Seaports Services Pvt. Ltd.

We have a number of different mining operations located in different regions. Monbit is by far the most professional in terms of service. I would also like to add that from a cost perspective, Monbit’s offer is the most competitive. We will definitely continue to employ Monbit’s service for our future growth plans.

Indus Impex Pvt. Ltd.

Mongolia has a lot of positive attributes in terms of hosting cryptocurrency mining rigs. It is an unknown gem that is quite often overlooked. And as far as local partners go, the Monbit team has proven themselves to be quite capable and reliable. We have not encountered a single hiccup since we started working with them. Highly recommend.

Sattva Salahpuria Construction