There is never a boring day in the world of cryptocurrency and when NBA teams get involved in this space, things are bound to get interesting pretty fast. Especially if that team is actively mining Ethereum!
Sacramento Kings Shock the World
It is no secret that there has been a growing interest in cryptocurrency from many American sports franchises. Although most of these efforts have remained low-key till now, NBA franchise, Sacramento Kings, is in the process of mining Ethereum at their solar-powered arena.
Also, it has to be said that the Kings are quite a tech-oriented NBA team. Their efforts have made multiple headlines over the years, ranging from accepting Bitcoin to embracing social media, drones, and even playing in an eco-friendly arena.
Regarding their Ethereum mining operations, mining units will be installed at the team’s Golden 1 Center. Given how this location is powered entirely by solar energy, it makes a lot of sense to use some of the redundant electricity for mining cryptocurrencies. However, it is still unclear as to what hashrate the Sacramento Kings will mine Ethereum, or how much money they hope to make from their efforts.
It is not the first time the Sacramento Kings have shown interest towards the crypto sector. In the past, there have been rumours regarding the team’s owners being involved with low-scale Bitcoin mining schemes.
For Ethereum enthusiasts, having the Sacramento Kings on board is a big step forward. It will be interesting to see what the future holds for cryptocurrency in the NBA, and at this stage, it seems as though anything is possible.
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