Powercrypto Holdings to launch BTC & ETH mining in Hong Kong

Powercrypto Holdings to launch BTC & ETH mining in Hong Kong

A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, has announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ether (ETH) in Hong Kong.

The company plans to deploy a total of 2,600 first-grade mining rigs, comprising of 600 BTC mining machines operating at a hash rate of 60 PH/s, as well as a further 2,000 ETH mining machines, which harness a hash rate power of 1,000 GH/s.

According to the announcement, Powercrypto’s ultimate ambition with the inauguration of this venture is to increase the BTC and ETH hash rate level across the North American and Asian markets.

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Analytical data revealed that Bitcoin’s current hash rate,  measured by terahashes per second, reads 150.29m across a seven-day average. This is a figure considerably higher than

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