Mongolia is high and has an extreme continental climate with long, cold winters and short summers. Mongolia's capital city Ulaanbaatar is known as world's coldest capital where annual
average temperature is -1.3 °C/29.7 °F.
Although, it is not a perfect destination for sun-lovers it is definitely the best place for cryptocurrency miners and farmers.
Mongolia is rich in oil, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, fluorspar, gold, silver, iron and more. Just as an example, Oyu Tolgoi, a mega-mine in Mongolia's South
Gobi province, as experts suggests, will be the world's third-largest copper and gold mine.
While Mongolia can be ranked 5th in the world with its underground mineral resources, it can top the globe with its capacity to utilize renewable energy. Mongolia is known as the "Land of the
Eternal Blue Sky" or "Country of Blue Sky" because it has over 250 sunny days a year.
International Renewable Energy Agency and Mongolian Ministry of Energy's joint report (2016) says: "Electricity output from the country's solar and wind resources alone could reach 15,000
terawatt-hours per year".
US National Renewable Energy Laboratory data estimates Mongolia's total renewable energy potential at 2.6 terawatts, a potentially huge resource base.