Ethereum mined by NBA Team

Sacramento Kings is the first team to enter the crypto space: they are presenting crypto to fans and suggesting a local group with black communities for ether
29 June 2018   1847

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.

Buterin to Propose Way to Speed Up ETH 2.0 Migration

Vitalik Buterin,creator of Ethereum, believes the eth1 system can exist as a zero shard in eth2 
25 December 2019   269

Ethereum founder Vitalik Buterin proposed a solution that allows you to quickly get rid of the Proof-of-Work (PoW) algorithm chain and move everything in Ethereum 2.0 to Proof-of-Stake (PoS).

According to him, the eth1 system can exist as a zero shard in eth2.

Validators who choose to participate in eth1 will be able to register as friendly. They are expected to support the full eth1 node in addition to the eth2 node.

A full eth1 node will load all blocks of the zero shard and maintain the updated state of the old circuit.

Buterin believes that his proposal does not make any changes to the planned procedure for the transition from eth1 to eth2. Only software for stateless clients and witness size changes in the eth1 protocol are required.