It’s Not Just Mining: Douglas County To Establish Blockchain Campus

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According to the Seattle Times, Douglas County in Washington State is becoming another blockchain technology hub. The executive director of the Port of Douglas County Lisa PARK noted that "there is more to the [cryptocurrency] story than the boom and the bust". The region is already known as the "Crypto Mining Town" for the last couple of years. If the project succeeds, Douglas County will find industrial application for the blockchain and attract even more money to the region, amid a general stagnation on the crypto market. Between 2017 and 2018, crypto investors moved to the region in search of cheap hydropower, the well-known Bitmain mining giant among them.

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According to the Seattle Times, Douglas County in Washington State is becoming another blockchain technology hub. The region is already known as the "Crypto Mining Town" for the last couple of years. Now, the district leaders plan to establish a "Blockchain Innovation Campus" to develop the industry further.

Between 2017 and 2018, crypto investors moved to the region in search of cheap hydropower, the well-known Bitmain mining giant among them. The company opened a mining farm worth $20 mln. However, the crypto market decline stopped the tide of crypto enthusiasts coming to the area.

27.11.2018  |   in Blockchain Big Crypto Crush Of 2018: Mining Is Dead But Not Quite Yet The decrease in the mining efficiency...

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