The American basketball team Sacramento Kings will become the first professional team to mine cryptocurrency and use the funds for charity.
The Kings will use the funds to fund the “MiningForGood” charitable campaign, which plans to establish a scholarship program to support and develop black communities. The MiningForGoods Foundation will also support the development of a workforce program in Sacramento, California.
The Kings will partner with MiningStore.com, which will assist the team in installing cutting-edge mining rigs in the professional sports arena. “Imperium” model devices that will mine Ethereum will be installed at the Golden 1 Center Data Center.
“With MiningForGood, we are not only raising funds to support the development and training of our workforce, but also aiming to inspire the next generation of developers to create products that can change things for the better,” said Vivek Ranadive, owner of the Sacramento Kings.
The Sacramento Kings are the first sports team in the world to accept Bitcoin as payment for tickets, as well as club accessories symbols.
Their sports arena is also 100% powered by solar energy.
According to rttnews.com
You May Also Like
eBay will start accepting cryptocurrency. Why does the company need this?
The American trading platform eBay plans to start accepting payments for its goods in cryptocurrency - perhaps this will be announced as early as March 10. What benefits does she see from this and what other companies are interested in cryptocurrency in this regard?
Three basic rules when buying cryptocurrencies
When you plan to purchase real estate, stocks, or even gold, you usually first do research on the market and its potential. It's the same with cryptocurrency. You need to study quite a lot of information in order to understand how it works, as well as the risks associated with it. As Warren Buffett once said, “Never invest in something you don’t understand.”
