Crypto Mining Giant Bitmain to Open Data Center in Small Texas Town

External job postings have revealed that Chinese crypto mining giant Bitmain is planning on opening a new Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term in Rockdale, Texas, near Waco. So far, the firm is seeking a project manager and a data center site manager.

The data center is slated to boost the economy of the small town, which was left economically bereft after a coal-based powerplant was closed there earlier this year. “It's not the mining Milam County is used to,” reported KXAN, the news source that originally discovered the job postings. “...[But] it's redefining itself for a modern economy.”

Could Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Mining Transform the Economy of this Small Town?

Rebecca Vasquez, chair of the local Chamber of Commerce, expressed her satisfaction with the new data center: “these are technical jobs, these are well-paid jobs,” she said. Vasquez added that she hopes that the business will attract new homeowners (and their tax dollars) to the area.

It’s unclear exactly how many new jobs the data center will bring, though, and it may not be as many as residents are hoping for. An unnamed crypto investment fund manager told KXAN that crypto mining firms are often “capital-heavy and human-light;” only a small number of employees are actually needed to operate mining equipment.

Still, “people there in Rockdale hope that the jobs that are already listed on Indeed are just the start of a lot more,” said a KXAN reporter.

Bitmain Strengthens its Footholds in North America

Bitmain’s Rockdale operation is only the latest in a series of the company’s new operational setups spread across North America. Bitmain opened up a 20,000 square foot office in Silicon Valley in July and is hiring staff in cities in Arizona and Washington. Bitmain has also set up shop in Quebec.

Bitmain's co-CEO and co-founder @JihanWu just walked on stage to deliver his talk on "The Future of Crypto Economy and BitcoinCash" at the @RealCoinGeek conference in Hong Kong pic.twitter.com/XijG3UmFJU

— BITMAIN [Not giving away ETH] (@BITMAINtech) May 18, 2018

The company is also hoping to raise another $1 billion in financing before its IPO, which is scheduled for later this year. Bitmain’s most recent funding round brought in $400 million.