Founder of Blockcap: "Texas is the best region for mining development" – Bits Media

Blockcap mining company founder Darin Feinstein announced the opening of new mining farms in Austin,  naming Texas as the most attractive region for industrial mining.

In an interview, Blockcap's executive chairman said, which Texas chose for the construction of mining farms due to the capabilities of personnel reserves and a developed regulatory framework. Firms, working in the field of bloche and cryptocurrencies, may face less geopolitical risks in Texas, than in China or in other countries, Considers a fireplace. He explained, that the Texas authorities are more loyal to the extraction of cryptocurrencies and blockchain technologies in general, Without preventing the protection of confidentiality.

For example, Some Chinese provinces attract Bitcoin miners with low electricity costs, However, this does not mean at all, that such activities are welcome in such regions. Sometimes Chinese energy companies can limit miners access to electricity, that forces them to move to other jurisdictions.

As for the United States, Mining companies find support here even from lawmakers. According to Faynstein, Governor Texas Greg Ebbott (Greg Abbott) made this state “development center” of blockchain and cryptocurrencies. Last month, Ebbott stated the need to adapt commercial law and develop the appropriate regulation, To create conditions for mining, blockchain and cryptocurrencies in Texas. Wyoming lawmakers are also actively working on promoting innovation, proposing to legitimize the activities of decentralized autonomous organizations (DAO).

Recall, that in recent months, BlockCAP has made several purchases of ASIC Mainers from the Chinese manufacturer Bitmain. So, In February, BlockCap announced the acquisition 10 000 Miners Antminer S19, And in March I bought more 12 000 the same devices, To increase your hashrate.