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Historic Hydroelectric Dam to Power Crypto Mining Farm in US

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Thu, 23/08/2018 - 14:52
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Historic Hydroelectric Dam to Power Crypto Mining Farm in US
Cover image via U.Today
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DPW to utilize the historic 1-MW Valatie Falls dam in order to provide cheap and renewable electricity for a cryptocurrency mining facility that is located nearby.

DPW CEO Milton Ault claims that the Newport Beach-based holding company gives its subsidiaries a possibility to significantly reduce the energy consumption of cryptocurrency mining, which was one of the major concerns during the latest crypto-related hearing in US Congress, according to a recent U.Today report.

The hydroelectric dam is expected to be fully upgraded for mining purposes during the last quarter of 2018.
 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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