A Chinese company running a mining operation in the US -- that will put an interesting spin on the whole "China controls the majority of Bitcoin mining" argument.
Topic: Bitmain will build bitcoin data center in Texas - page 2. (Read 292 times)
So we're finally seeing a Chinese company outsourcing work to the US?
A Chinese company running a mining operation in the US -- that will put an interesting spin on the whole "China controls the majority of Bitcoin mining" argument.
A Chinese company running a mining operation in the US -- that will put an interesting spin on the whole "China controls the majority of Bitcoin mining" argument.
Bitmain is planning to build a one of a kind and one of their biggest mining farm at Rockdale, Texas. They said that this mining farm has a maximum potential of running a 300 megawatts in the future. This project will really help strengthen the bitcoin network. Also this is a sign that bitcoin is really profitable.
Yes, of course, this is a vote of confidence and trust to the continuing good potential of Bitcoin to churn out profits, otherwise a big company like Bitmain will not be interested to furthering its grip on the Bitcoin mining industry. And although we can consider Bitmain as Beijing based, the fact that it is building a big operation in Texas, USA means something towards the overall health of the mining industry. And unlike in China, USA seems to be not that concerned with the power consumption of Bitcoin mining for as long as the project itself is sure of its own source.
This news comes at the heel of another good news: San Francisco-based Layer1 is also set to put up a big bitcoin mining project and yes it is based also in Texas. I can sense that Texas can be the next big epicenter in Bitcoin mining. I am sure some more big players can be attracted to this location. Overall, we can be into challenging the domination of China on this industry and this is big good news for all of us.
Bitmain was and is known as a giant company in mining industry. Despite there was a report that Bitmain might face bankruptcy last year because of bear market, it seems they have other big plan to avoid that and this is one of their plans.
Talking about sign, of course it is a good sign and also the proof that Bitcoin mining is still a profitable job, but limited for them who get a lot of money.
Talking about sign, of course it is a good sign and also the proof that Bitcoin mining is still a profitable job, but limited for them who get a lot of money.
Have you heard the most viral news that just comes in the crypto world. Almost all bitcoin news websites have its eyes on the new project by bitmain. Bitmain is planning to build a one of a kind and one of their biggest mining farm at Rockdale, Texas. They said that this mining farm has a maximum potential of running a 300 megawatts in the future. Also the mayor of Rockdale is happy with this project since it will provide new jobs to the locals.
As to why it is viral here is my proof:
https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas
https://cointelegraph.com/news/bitmain-launches-worlds-largest-crypto-mining-facility-in-texas
https://www.theblockcrypto.com/linked/43950/bitmain-opens-a-large-crypto-mining-farm-in-texas
https://news.bitcoin.com/bitmain-aims-to-build-a-300mw-texas-mining-farm/
This project will really help strengthen the bitcoin network. Also this is a sign that bitcoin is really profitable.
As to why it is viral here is my proof:
https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas
https://cointelegraph.com/news/bitmain-launches-worlds-largest-crypto-mining-facility-in-texas
https://www.theblockcrypto.com/linked/43950/bitmain-opens-a-large-crypto-mining-farm-in-texas
https://news.bitcoin.com/bitmain-aims-to-build-a-300mw-texas-mining-farm/
This project will really help strengthen the bitcoin network. Also this is a sign that bitcoin is really profitable.
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