Europe’s Biggest Data Center To Be Built in Georgia 313

Europe's Biggest Data Center To Be Built in Georgia

The team of international IT-project called Boosteroid started implementing its ambitious idea to create a powerful personal cloud computer available for everyone.

The project will allow to carry out different tasks that require a lot of computing power and will be useful for a number of users from gamers to research institutions. In the beginning of February, 2018 Boosteroid makes an important step towards this goal starting the construction of the biggest data center in Europe in the free industrial zone of Kutaisi (Georgia).  

Europe's Biggest Data Center To Be Built in Georgia
Boosteroid founder Ivan Shvaichenko and COO Roman Firsov

According to Boosteroid founder Ivan Shvaichenko, the idea to create a cloud services platform reflects the growing demand for cloud services.

“AI-researches, machine learning development, creation of new materials and medicine, vehicles and jet engines modelling – all this things require more and more computing power,noted CEO. – If we want to provide our services worldwide, we do have to build data centers closer to the clients. Last December we launched a data center in Ukraine and now we start building our second data center in the free industrial zone of Kutaisi”.

Overall area of the new data center is 20 thousand sq. m., electricity connection provides 30 MW, initial financing is more than $100 million USD. This data center will allow the company to provide their services for Eastern Europe and Turkey.

Europe's Biggest Data Center To Be Built in Georgia
Meeting with Deputy Minister of Economy and Sustainable Development of Georgia Giorgi Cherkhezishvili

The agreement with Georgian government to locate data centers in the country and to connect them to local power grid was reached back in October and November, 2017.

“We see this business gaining popularity day by day. The market expands rapidly every year and provides development opportunities for different branches of the economy both at the regional and state level”, – noted Deputy Minister of Economy and Sustainable Development of Georgia  Giorgi Cherkhezishvili.

In the first half of 2018 the team starts building more data centers in the Arab Emirates and Iceland. This will allow to provide services for Europe, a part of Asia and the Middle East. In late 2018 it is planned to locate data centers in Canada and the USA to provide cloud computing services for North and Central America by 2019.

 

 

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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