X

2516 Views

The Sacramento Kings Mine Ethereum (ETH) for Charity

Spread the love
  • 2
    Shares

The famous Sacramento Kings basketball club is launching a charity program that aims to mine Ethereum.

The day before, the Sacramento Kings, a Californian basketball team, made public about the launch of a charitable program called MiningForGood. Yes, you read correctly, the team will mine cryptocurrency for charity. The mining equipment will be installed in the Golden 1 Center, becoming the first professional sports venue to mine in, while the Sacramento Kings- first professional sports team to do that.

MineForGood is part of a multi-year scholarship program

The MiningForGood was launched as part of a multi-year scholarship program that aims to support the causes in Sacramento, California, which focuses on transforming Black communities. “As cryptocurrency continues to grow in popularity, the MiningForGood program can serve as a blueprint for large organizations and businesses to embrace emerging platforms as an engine for social change,” the Sacramento Kings described.

Ranadivé, Owner and Chairman of the Kings, declared:

Opportunity begins when technology allows the world to find innovative solutions to complex problems. Through MiningForGood, not only will we raise funds to help with workforce development and training, we aim to inspire the next generation of tinkerers and thinkers to create change in their own community and around the globe.”

The basketball team partnered with MiningStore.com

The Sacramento Kings is collaborating with the global cryptocurrency leader MiningStore.com, which will provide the mining equipment. The basketball team will use Imperium machines in order to mine Ethereum. According to the Kings’ website, the decision to collaborate with MiningStore.com was made taking into account their “durable and efficient computers“.

MiningStore Founder JohnPaul Baric claimed:

The Sacramento Kings are pioneers in exploring cryptocurrency and its potential impact. We’re thrilled to partner with a forward-thinking organization that looks for ways to create positive change – through technology or sports.”

Likewise, Chet P. Hewitt, President and CEO, Sierra Health Foundation and founding member of the MiningForGood-partner Build. Black. Coalition, said:

Our innovative partnership with the Sacramento Kings is an example of how technology can both inspire the next generation entrepreneurs and support the development of a 21st-century workforce in Sacramento. What is truly amazing about this effort is our collective commitment to ensuring youth from every community have the opportunity to participate and succeed in our regions economic renaissance.”

The Sacramento Kings have been remarked in the crypto industry when they announced to accept Bitcoin (BTC), becoming the first professional sports club to do that.

According to CoinMarketCap, Ethereum (ETH) has a market capitalization of $43,582,522,196 and is traded at $434.27, up 0.52%.

0 Shares

You may be interested

US Rep to Hold Roundtable Discussion With Blockchain Expert
News
235 views
News
235 views

US Rep to Hold Roundtable Discussion With Blockchain Expert

Joshua Tayo - September 26, 2018

Currently, the U.S does not have a solid regulatory structure that governs the action of blockchain related innovations. In order…

New ESMA Regulations May Boost Up Crypto Exchanges Volumes
News
381 views
News
381 views

New ESMA Regulations May Boost Up Crypto Exchanges Volumes

Anca Faget - September 26, 2018

Recent ESMA  regulations have overhauled the retail trading industry. Although they probably haven’t been met with all the warmth especially…

How to Avoid Cryptocurrency Thefts
Learn
942 views
Learn
942 views

How to Avoid Cryptocurrency Thefts

Solomon Magawi - September 25, 2018

Bitcoin itself is tough to hack, thanks to the blockchain framework that underpins it. Since the blockchain is regularly reviewed…