THELOGICALINDIAN - Visionaries bought Cerro Gordo a alien 150yearold apparition boondocks in California They plan to catechumen the alone mining boondocks into a crypto and blockchain haven
Bringing New Mining to A 150-year-old Mining Town
Two investors bought the Cerro Gordo boondocks for $1.4 million, in mid-2024. A CNBC address describes it as a 22-building, 150-year-old apparition town, amid about 200 afar arctic of Los Angeles, California. Cerro Gordo lies abreast Death Valley National Park, binding the Inyo Mountains of the Owen Valley.
Two adolescent entrepreneurs bought the town, as CNBC reported: Jon Bier, buyer of the accessible relations and communications bureau Jack Taylor PR. And, Brent Underwood, host and architect of auberge HK Austin in Austin, Texas. Brent is additionally a accomplice at the artistic advising and business close Brass Check.
The entrepreneurs’ ambition is to catechumen Cerro Gordo into a avant-garde biking destination while attention the feel of the old abundance town. Of course, tourists will be able to accomplish payments in Bitcoin and added cryptocurrencies.
Indeed, Taylor and Brent’s eyes includes accumulation Bitcoin and its blockchain technology to accomplish Cerro Gordo a haven for the crypto community, area visitors can barter appurtenances and services.
The entrepreneurs are additionally planning to set up a crypto mining centermost in an old abundance shaft, which is about 1,100 anxiety deep.
Moreover, Taylor and Brent plan to acquaint avant-garde baptize attention technology and access the all-important activity from solar and added renewable sources of energy.
Investors Still See Crypto Mining as Lucrative
Despite Bitcoin amount fluctuations and the actuality that added than 80% of the bill accept already been mined, entrepreneurs still see crypto mining as a lucrative business. In this regard, alone and alien areas of the apple assume to be the focus of abstracted investors.
For example, aftermost year, BitRiver launched a mining acreage abreast Bratsk, Siberia. Now, BitRiver has become Russia’s largest Bitcoin mining facility. In this undertaking, Russian billionaire, Oleg Deripaska, accumulated crypto mining technology with one of the better Soviet-era aluminum plants.
Similarly, as Bitcoinist reported, Dmitry Marichinev’s Russian Mining Company (RMC), in an accomplishment to access Bitcoin mining beyond Russia, has explored the Nadvoitsky Aluminum Smelter (NAZ) in Karelia.
Converting old aluminum plants into crypto industry hubs is additionally of absorption in the U.S. Last October, Bitmain, the abettor of the better cryptocurrency mining pools of the world, launched a 50MW mining acreage in Rockdale, Texas. Bitmain’s purpose is to make this acreage the best cogent mining ability in the world. According to the press release of October 21, 2019,
What do you anticipate of converting an old mining boondocks into a crypto mining center? Let us apperceive your thoughts below.
Images via Chris Dunn, Twitter: @dezertmagazine
