{"id":11918,"date":"2021-10-08T22:09:28","date_gmt":"2021-10-08T21:09:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11918"},"modified":"2021-10-08T22:17:28","modified_gmt":"2021-10-08T21:17:28","slug":"powercrypto-holdings-sets-to-debut-crypto-mining-in-hong-kong","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/powercrypto-holdings-sets-to-debut-crypto-mining-in-hong-kong\/","title":{"rendered":"Powercrypto Holdings sets to debut crypto mining in Hong Kong"},"content":{"rendered":"\n
Powercrypto Holdings, a subsidiary of blockchain software company Powerbridge Technologies<\/a>, has announced the beginning of a sustainable cryptocurrency mining program in Hong Kong for Bitcoin (BTC) and Ether (ETH).<\/h5>\n\n\n\n
\"Powercrypto<\/figure><\/div>\n\n\n\n

The company intends to install a total of 2,600 first-grade mining rigs, which will include 600 BTC mining machines with a hash rate of 60 PH\/s and 2,000 ETH mining machines \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>with a hash rate of 1,000 GH\/s.<\/p>\n\n\n\n

According to the statement, Powercrypto's ultimate goal with the launch of this endeavour is to raise the hash rate of BTC and ETH in the North American and Asian markets.<\/p>\n\n\n\n

Bitcoin's current hash rate, measured in terahashes per second, is 150.29m on a seven-day average, according to analytical data. This is a significant increase from the two-year low of 84.8 in June of this year.<\/p>\n\n\n\n

Stewart Lor, President of Powerbridge Technologies, discussed his company's financial and environmental aspirations for this initiative's future<\/a>.<\/p>\n\n\n\n

“We are very excited about our launch and positioning as a global presence in the cryptocurrency mining business. We expect our high-performance environmental-friendly crypto-mining fleets to significantly accelerate our revenue.”<\/p>\n\n\n\n

The Hong Kong Monetary Authority, or HKMA, issued an official white paper on Monday proposing a year-long research and development initiative to assess the viability of a central bank digital currency, dubbed the digital Hong Kong dollar (e-HKD).<\/a><\/p>\n\n\n\n

The program was part of Hong Kong's Fintech 2025 strategy, a technical endeavour aimed at modernizing the country's infrastructure.<\/p>\n\n\n\n

Despite encouraging creative practices in this field, the country's regulatory organizations have viewed digital assets with suspicion. Hong Kong is currently governed as a Chinese special administrative territory.<\/p>\n","protected":false},"excerpt":{"rendered":"

Powercrypto Holdings, a subsidiary of blockchain software company Powerbridge Technologies, has announced the beginning of a sustainable cryptocurrency mining program in Hong Kong for Bitcoin (BTC) and Ether (ETH). The company intends to install a total of 2,600 first-grade mining rigs, which will include 600 BTC mining machines with a hash rate of 60 PH\/s […]<\/p>\n","protected":false},"author":12,"featured_media":9896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[777,1134,5032],"class_list":["post-11918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-mining","tag-hong-kong","tag-powercrypto-holdings"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Hebei-Chinese-province-plans-to-restrict-Cryptocurrency-Mining-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11918"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9896"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}