A subsidiary of the blockchain software provider Power bridge Technologies, Powercrypto Holdings, has publicized the launch of a sustainable cryptocurrency mining initiative for Bitcoin and Ether in Hong Kong.
The company plans to arrange a total of 2,600 first-grade mining rigs, comprising of 600 Bitcoin mining machines operating at a hash rate of 60 PH/s, as well as 2,000 Ether mining machines, at a hash rate power of 1,000 GH/s.
Powercrypto’s ultimate goal with the initiation of this venture is to increase the Bitcoin and Ether’s hash rate level across the North American and Asian markets. Analytical data shows that Bitcoin’s present hash rate, measured by terahashes per second, reads 150.29m across a seven-day average. This is a figure is significantly higher than the two-year low of 84.8.
The Hong Kong Monetary Authority ,released an official white paper, recommending a year-long research and development effort to assess the plausibility of a central bank digital currency, commonly referred to as the digital Hong Kong dollar.The initiative was part of Hong Kong’s vision for Fintech 2025, a technological initiative to advance the country’s infrastructure in line with modern demands.
