Power Block Coin, LLC to Build $251 Million Mining Farm

Utah-based company proposed to invest money to build a cryptocurrency mining farm in Montana  
23 February 2018   835

Power Block Coin, LLC wants to invest $251 million into a cryptocurrency mining farm in Montana Connections. The company chose a special tax district west of the city of Butte.

Butte-Silver Bow Council of Commissioners voted unanimously 9-0 to allow Power Block Coin, LLC, a subsidiary of Blue Castle Holdings Inc. to build a campus of high-powered data centres in special tax district Montana Connections.

The company plans to harness 135-megawatts of power on its campus.

The farm will be built in two phases over 24 months. $8 -$10 million will be spent on this new electric infrastructure. Around $60 million will be spent on between 70 to 200 separate mining units, each of which would use large amounts of power transmitted through the new substation. The size of these units will vary from larger warehouse buildings to small shipping containers.

Besides mining cryptocurrencies, the company will also be able to support other businesses that need large amounts of power, such medical research, and artificial intelligence.

Bitcoin is the fastest growing segment of cryptocurrency. If it tanks, the same processors can be used for medical research or AI (artificial intelligence).

Aaron Tilton

President and CEO of Blue Castle Holdings

According to Tilton, the company will hire about 15 employees before the end of the year. That number will jump up to about 50 by the time the project is up and running. Salaries are estimated to range from $37,000 per year to $48,000 per year.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.