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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Chinese BTC miners equivalent to Quebec's output on the move: Slush Pool

According to Edward Evenson, a Bitcoin miner from Slush Pool, Chinese BTC miners are on the move.

Edward Evenson, head of business development at Slush Pool owner Braiins, reports that a large number of Chinese BTC mining machines equivalent to Quebec’s entire output are currently en route to North America and Europe.

In Twitter thread on May 28, Evenson revealed that some Chinese BTC miners also have their eyes on Europe, and while others have already began moving machines to Kazakhstan:

“I’ve had 300-400MW of mining machines contact me to help them distribute their machines across NA and some parts of EU. Some have also begun shipping machines to Kazakhstan.”

To put that in perspective, Jonathan Côté of Hydro-Québec recently told Global News Canada that the 90 mining outfits in Quebec use around 400 megawatts between them.

China’s decision to crack down on crypto mining last week due to environmental concerns (while possibly also aiming to strengthen the digital yuan) has seen a rapid evolution in the Bitcoin mining landscape.

According to estimates from the Cambridge Bitcoin Electricity Consumption Index, or CBECI, China accounted for an estimated 65% of Bitcoin’s global hashrate in April. The ban has since triggered several large Bitcoin mining firms to cease operations in the country such as BTC.TOP — which accounts for an estimated 2.5% of the global hashrate.

Along with a rapid-fire mining hardware sell off that is happening across the nation, Everson also added that the ban has speed up plans for the geographic diversification from Chinese suppliers such as MicroBT and Bitmain, noting that:

“These parties were interested in having more geographically distributed operations for some time. Recent events have simply accelerated the process.”

The recent spotlight on the environmental efficiency of Bitcoin mining appears to be shifting the hold China had over Bitcoin’s hash rate — something that U.S.-based Bitcoin miners have been deliberately seeking to do for quite some time. This also seems likely to increase the energy efficiency of mining practices.

MicroStrategy’s Michael Saylor chimed in on China's crackdown on CNN earlier today:

“I think there is a dynamic where a lot of hash power will come to the U.S. and will come to other parts of the world.”

Quebec has become a Bitcoin mining hub over the past few years due to its cheap electricity prices, with reportedly “dozens” or large mining operations in the area relying on hydroelectricity.

Côté of Hydro-Québec said mining using the abundant green energy in Quebec rather than China was a big win.

“If these companies are going to be mining using renewable energy here instead of mining in China, which uses mostly coal, we can decarbonize part of that industry by having some of it here,” he added.

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