The Syan Mining Project, the product of a partnership between Syan and the government of Laos PDR, was already well underway development-wise when the decision was made last week to migrate the facility to new premises deemed to be less at risk from the possibility of flooding. With the project being necessarily situated in close proximity to the Nam Ngiep 2 Hydropower Station on the banks of the Mekong River, the concern was that the original facility could have been inundated should the hydroelectric plant consider it necessary to open the emergency sluices. This had not occurred since the hydroelectric plant was originally commissioned, but must apparently always be considered a possibility in the event of extreme weather conditions or other unforeseen circumstances. The project was already well underway when a new location became available, this one being upstream from the plant and well clear of the emergency run-off area, therefore standing a much reduced chance of flooding. The net result of this move will be a delay estimated to be in the region of ten to twelve weeks from the previously quoted launch date of mid-January.
Syan Technologies had earmarked a total of a thousand mining machines – five hundred Vega Bitcoin Miners and five hundred Vega 2S Litecoin machines – to be taken from the Batch One manufacturing quotas and installed at the Laotian facility, providing a formidable hashing power from the practically limitless supply of hydroelectric power from the Nam Ngiep 2 Station. As the machines can not now be installed until March they have today been released back into the allocation for sale to the public; good news indeed for prospective purchasers as both the Vega Bitcoin and Vega Litecoin machines are understood to have already been sold out on pre-orders, even with Syan’s strict policy of a five-unit order limit per customer. The Laos Mining Project will now be equipped with machines taken from the second manufacturing runs, due for delivery in March and April.
Syan Technologies are a Hong Kong based designer and producer of digital currency mining machines and FinTech, currently focusing on the release of their Vega Home Currency Mining series. They comprise a dedicated and highly motivated team of designers, technicians and mathematicians of diverse backgrounds – from as far afield as California, London, Sweden, Russia and Vietnam – with just one thing in common; they aim to design and produce the most cost-efficient and durable ASIC mining machines in the world.
For further information please go to www.syanmining.com
Company Name: Syan Technologies Limited
Contact Person: Samuel Cornwell
Address:Yen Sheng Centre, 64 Hoi Yuen Rd.
City: Kwun Tong
State: Hong Kong SAR