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.
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