The Sacramento Kings, the American basketball team, began mining ether 3 weeks ago applying Nvidia mining rigs. The owner of the NBA team, Vivek Ranadive, is a computer software entrepreneur as well, and the founder of Tibco. The Sacramento Kings have been lauded by the magazine Fast Company’s yearly ranking of the world’s Most Innovative Companies in Sports.
The Kings were the first NBA team to adopt bitcoin as payment at its goods store and for season tickets in 2014. Vivek Ranadive was referred claiming that the team was a big fan of Ethereum, and planned to do something to give back to the local community. “It was obvious to us,” he explained, “let’s start mining cryptocurrency.” The benefits from the mining would go to a local group that aids blacks communities as part of a charity program.
The home to the Sacramento Kings, the Golden 1 Center, an indoor arena, has a solar rooftop that can produce up to 1.2 megawatts. Setting solar power was part of the Sacramento Kings ownership’s goal to have the country’s most technologically developed entertainment center.
The NBA team’s business officials declared that the mining project has no direct connection with basketball at the moment, but they are sure that when players come to Sacramento they will be aware they can be presented to advanced technologies and to tech firms.