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Texas is Getting the Bitcoin Mining Facility

By October 22, 2019 No Comments

Chinese company Bitmain has just opened the world’s largest Bitcoin mining facility (a.k.a. farm) in Rockdale Municipal Development District in Texas. Apparently, Texas is getting the Bitcoin mining facility and employment opportunities for hundreds of its workers.

The Project Overview

Chinese Bitmain, a company specialized in blockchain and AI apps, has partnered with DMG Blockchain Solutions. DMG is a software consulting firm and should provide back and front-end hosting for this project. Furthermore, DMG is providing management services as well.

Reportedly, development of the Bitcoin mining facility should increase employment rate in Texas. In other words, Bitmain has planned to open approximately 400 new jobs in Houston in the next two years. This has also been presented as a large investment of $500 million to be placed during the following seven years.

The Importance of the Project

Apart from securing new jobs, the Rockdale Bitcoin mining facility has a much broader importance. Apparently, this is the third cryptocurrency mining project which Bitmain developed in the US. Needless to say, they are doing a great job in promoting the global blockchain and Bitcoin adoption.

As per official news on their web site, Bitmain has plans to work closely with local school district. The goal is to provide training and education on blockchain and Bitcoin mining in general. Consequently, the community will get the necessary knowledge on the subject. That way, they would be able to contribute to new projects in order to make their lives more comfortable.

One of the set goals is to create Bitcoin mining farm of the capacity of up to 300 MW. The current capacity is 50MW.

Moreover, it is no surprise that this project unveils in Texas. Having in mind the fact that many energy companies have their headquarters there, Bitcoin mining should fit nicely.

Other Similar Ventures and Feedback

Today, we are witnessing more and more companies and individuals taking interest in Bitcoin mining and blockchain. Nevada is building smart cities, Blockstream is developing plans for 300MW Bitcoin mining facility in Georgia and Canada as well – just to name a few.

Blockstream’s mining facilities have been in a focus of a Bitcoin 2019 conference in San Francisco. Namely, the experts commented on concerns arising out of the mining centralization. Apparently, it allows miners to choose which transactions go into new blocks instead of the mining pool operators.

They Said About the Project

The project such as the mining facility always raises an eyebrow. The media has a lot of questions, and people in charge of the project gave official statements. Clinton Brown, the Lead Project Manager for Bitmain reportedly stated:

We are excited to launch this facility, which is significant to Bitmain’s global expansion plans. The stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry.”

On the other hand, the mayor of Rockdale, John King reportedly said:

“Bitmain will be the future for developing new industrial projects in Rockdale, Texas. We are excited to continue to build partnerships together.”

Do you think mining farms contribute to the development of the community, and would you like to see one in your hometown?

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