The Sacramento Kings basketball team has teamed up with a crypto hardware firm to install mining machines in an indoor arena, with the crypto earnings funding a scholarship program, local news outlet reported yesterday, June 28.
The Kings have partnered with company MiningStore for the installation of (ETH)
mining machines in Sacramento’s Golden 1 Center. All crypto proceeds will go to multi-year scholarship program MiningForGood, which the Sacramento Bee describes as a charity for tech education and workforce development in Sacramento. The first recipient of funding from the Kings will reportedly be an initiative for black communities in Sacramento called “Build. Black. Coalition.”
Vivek Ranadive, the Kings’ principal owner, said that the mining scholarship program aims to “inspire the next generation of tinkerers [sic] and thinkers to create change in their own community and around the globe,” Ranadive calls the team’s crypto-mining plans “innovative,” stating:
“Opportunity begins when technology allows the world to find innovative solutions to complex problems.”
Mining Ethereum for charitable causes has already been tried out around the world. In February, UNICEF Australia in their downtime as a donation to Syrian children, and Ethereum co-founder to fund anti-aging research.
The Sacramento Bee notes that the Kings began accepting (BTC) for their team store in 2014 after partnering with .
Published at Fri, 29 Jun 2018 20:39:00 +0000
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