Cryptocurrency miner Coinmint continues to take over Alcoa land
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According to cryptovest, Bitcoin miner Coinmint intends to continue its plan to transform 1,300 acres of land that Alcoa used to use for aluminum smelting. On Tuesday, the company announced that it was ready to invest up to $700 million in the new land in New York State. In December 2017, Coinmint agreed to lease the land from Alcoa. Although Bitcoin has since fallen from its highs, the company's chief technology officer, Prieur Leary, said: "As long as the Bitcoin network exists, we predict that mining will be profitable. We have developed a process to gain an advantage in the market." |
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