Sunday, June 1, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    Courtyard Tops Sales, Doodles Leads in Growth

    Courtyard Tops Sales, Doodles Leads in Growth

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

    BeraTone NFT Avatars Are Now Minting Live on OpenSea

    BeraTone NFT Avatars Are Now Minting Live on OpenSea

  • Gaming
    The Biggest Games Releasing in June 2025

    The Biggest Games Releasing in June 2025

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    The Biggest Shutdowns So Far in 2025

    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    Blockchain And Crypto Are Future of Online Gambling

    Blockchain And Crypto Are Future of Online Gambling

    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

    Why GamStop Players Try Competitive Gaming

    Why GamStop Players Try Competitive Gaming

    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    The Main Differences Between Crypto Exchanges

    What Is a DEX? How DEXs Work and Why They Matter

    What Is Blockchain? Blockchain Technology Explained for Beginners

    What Is Blockchain? Blockchain Technology Explained for Beginners

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    Courtyard Tops Sales, Doodles Leads in Growth

    Courtyard Tops Sales, Doodles Leads in Growth

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

    BeraTone NFT Avatars Are Now Minting Live on OpenSea

    BeraTone NFT Avatars Are Now Minting Live on OpenSea

  • Gaming
    The Biggest Games Releasing in June 2025

    The Biggest Games Releasing in June 2025

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    The Biggest Shutdowns So Far in 2025

    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    Blockchain And Crypto Are Future of Online Gambling

    Blockchain And Crypto Are Future of Online Gambling

    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

    Why GamStop Players Try Competitive Gaming

    Why GamStop Players Try Competitive Gaming

    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    The Main Differences Between Crypto Exchanges

    What Is a DEX? How DEXs Work and Why They Matter

    What Is Blockchain? Blockchain Technology Explained for Beginners

    What Is Blockchain? Blockchain Technology Explained for Beginners

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Mining

Bitcoin Mining’s Boon for Small Town America

April 6, 2024
in Mining
0
Bitcoin Mining’s Boon for Small Town America
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

It isn’t always clear how crypto is changing lives. The incorporality of blockchain ledgers, the fact that crypto wallets are online (not made of leather) and the limited number of real world use cases all contribute to the common view that crypto, at most, is silly internet money. But for as ethereal as Ethereum is, crypto does have an actual footprint.

READ ALSO

IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining

Cango’s Remarkable Growth Adds 109.1 BTC

That idea is at the center of a new documentary about Bitcoin mining by Will Foxley, ex-CoinDesker turned independent crypto media mogul. Released today, “The Big Empty,” tells the story of when digital asset heavyweight Galaxy Digital descends on the small, rural and nearly hollowed out city of Spur (population: 863).

Unlike many stories about bitcoin mining, which tend to focus on the industry’s intense energy footprint (and whether that is good or bad), “The Big Empty” is first and foremost about people. About the former East Coast Galaxy employees who moved to West Texas and learned to adjust, about the locals whose families settled in the area generations ago and about the lives changed by a new industry.

In a way, Bitcoin mining was destined to become a controversial topic by the way the network was designed. The proof-of-work algorithm that keeps Bitcoin humming burns through energy without limit. Every year, it seems, more mines open — often using carbon-intensive sources of energy, sometimes even firing up defunct coal power plants.

See also: The Honest Truth About Bitcoin Mining, Energy and the Environment

But on the ground that debate seems muted, at least as the documentary presents it. The energy mix of miners and looming threat of climate change are as incorporeal and distant as Bitcoin itself. To the extent that Spur’s residents seem concerned about the giant Helios mine opening a few miles down the road, it’s often just because of the jobs it has been providing.

“The small towns [bitcoin mines] inhabit often don’t have many high paying or stable jobs,” Foxley told CoinDesk in an interview. “There may be a few retail shops, convenience stores, things like that, but it’s not a lot.”

To say that Galaxy is single handedly revitalizing the town of Spur might be overstating the case , but it seems incontrovertible that it has a presence. But as much as the doc highlights Galaxy’s good deeds (like reopening a beloved public pool), it is also a story about, as Foxley says, keeping that up and learning to be “a good neighbor,” which isn’t necessarily assured in the long haul.

CoinDesk caught up with Foxley to talk about his latest documentary, what attracted him to the story of Spur in particular and why it is that a massive bitcoin mine might be a good fit for a city that was previously best known as a magnet for tiny homes.

See also  How a quant sniped millions from Bitcoin Ordinals

Just wanted to say it was a great doc, really well done. Are you planning to submit it to any festivals?

It was definitely a very strong team, so I can’t take all the credit. This would be my third mining specific film and fourth bitcoin doc. It’s my longest by far — I personally call it my first short film. I don’t know the difference between a short film or a documentary or mini doc. I’ll probably submit it to some film festivals to try to get some more traction. Will definitely screen it at some bitcoin meetups and events If we try to do any sort of streaming services, we can’t go the social media route. But if someone likes it, we might be able to place it somewhere cool.

In some sense the story of bitcoin mining in the U.S. is the story of revitalization. Could you speak to what you’ve seen when touring bitcoin mines around the country?

Bitcoin miners are flocking to small towns because that’s often where there’s excess energy from industries that have left or cheaper power from overbuilt substations and power stations. It’s a natural place for bitcoin miners to go because they have to chase cheap energy.

The small towns they inhabit often don’t have many high paying or stable jobs. They don’t have any sort of industry at this point. There may be a few retail shops, convenience stores, things like that, but it’s not a lot. To really revitalize a town you need some sort of industry.

Bitcoin mining is interesting because there might not be that many jobs per bitcoin mine. But you create a lot of external jobs around that. In the film, you’ll see there’s tons of people who work in contracting and are in and out of the facility, truck drivers, repair technicians, people pouring concrete, security guards. Even just thinking about the facility, they plan on opening up a kitchen to feed the 40 workers there. That’s going to be like five to 10 new jobs.

Do you have a sense of what technicians are generally paid?

Often it’s double minimum wage, $20-$30 bucks an hour for an intro technician. It scales up from there. One of the great pieces we didn’t even get to fit in the doc is that Galaxy pays 20% above the rate for the town. Bitcoin mining is a slightly more lucrative industry. So they raised a lot of people’s standards of living even doing a sort of blue collar level job.

See also  BlackRock makes a surprising move as Bitcoin reacts - All the details

Was there something specific about Galaxy or Helios that attracted you to the story?

Mostly just access. Galaxy was interested in opening up the doors. Corporations have to be mindful of their public image, (Galaxy is publicly traded), but I was impressed by how willing they were to work with a documentary film crew, because that’s not always a very comfortable experience.

The second thing — there’s a lot of these Texas bitcoin mining stories that I’m not very interested in because people tend to focus on the energy or bitcoin side of things. I was really interested in the small town story, and participating in town life. Most people we talked to were immediately open to having a conversation or dialogue, which made it more attractive when we scoped it out last year.

See also: How Bitcoin Mining Has Changed Since the Last Halving

There was actually a tornado the day we landed that took out a large chunk of the neighboring town. One thing that was really interesting to see was how many people from all the surrounding towns drove out to help them out. There were miles of cars with supplies trying to get into that small town. It became pretty clear that the people who live in these towns in West Texas are just a different breed. They care about each other. They’re good neighbors.

You definitely get that sense watching the movie. Especially the scene with the tiny home community. What were you trying to say by including those scenes?

So the initial name for the film actually was “Tiny Home Kingdom.” We were trying to riff on, like, tiny homes versus a mega bitcoin mine. It sounded good on paper. But you probably have to make the doc a little more silly to go that route. You know, live with someone in their tiny home for a week.

The tiny homes showed how open Spur was in working and talking with other communities outside of what you’d find normally in the Texas panhandle. They opened their doors around 2015 to become a location for tiny homes. Many cities are zoned to block tiny homes, because they find it annoying or think it lowers property valuations. Spur was trying to find an angle to bring people back. It shows that they’re interested in having new neighbors — it’s just that the next neighbor to move in happened to be an 800 megawatt bitcoin mine.

Galaxy also struck a deal to reopen the town pool. Are these types of investments common for bitcoin mines?

It’s pretty common to have bitcoin mines do this. I’ve heard other stories where it’s also been a town pool. I’ve heard about companies fixing the community rec center. The Riot team in Rockdale funds the local softball team. It’s because, again, when you move into a small town like this you have to become a good neighbor. You have to learn what that looks like, and as a corporation that can be kind of hard. It’s not like a lot of other tech or finance jobs; the business really runs out of one small rural town that has been the same way for generations. The easiest way to ingratiate yourself into the community is often by doing something practical.

See also  'Vulture Contracts' Affecting Bitcoin Mining Development in Paraguay

Another thing we didn’t get to touch on is that Spur is a hotspot for drug issues, like a lot of low income places. We often think of drugs as being an urban problem. But it’s very much a rural problem. There’s not a lot of hope and opportunity. A lot of people are born in Spur and move away to Lubbock or Austin or Dallas. And the people who are there sometimes can feel left behind. In some sense, the pool is a symbol: this big tech company cares about the local people.

Did you talk to anyone concerned about noise pollution?

Not for this site. That could be a challenge going forward because they are deploying some air units. But right now, the facility is all immersion — it’s the largest immersion bitcoin mine to my knowledge in North America. The nice thing about immersion mining is it’s basically silent. And the mine itself is on its own little spot pretty far away from any housing development. About 10 miles away from the city Spur. And everything out there is at least a 20 minute drive. So there shouldn’t be any noise complaints to my knowledge.

See also: The Bitcoin Mining Debate Is Ignoring the People Most AffectedAny closing thoughts?

I would like this film and other work we do to encourage people to think outside the box — about how towns can bring in businesses and about how these companies can add to communities. I think Galaxy did a really good job with that. They fulfilled their promise with this pool everyone’s gonna be jumping and splashing around in. They even said that in the film, right? Like, if you’re not splashing in the pool this summer, then Galaxy failed.

I do think bitcoin mining is going to become a more important conversation for local communities. If bitcoin miners don’t find a good way of balancing their businesses within small towns, there’s going to be more problems. It’s OK for small towns to say they don’t like things.

Tags: AmericaBitcoinboonminingsSmalltown

Related Posts

IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining
Mining

IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining

June 1, 2025
Cango’s Remarkable Growth Adds 109.1 BTC
Mining

Cango’s Remarkable Growth Adds 109.1 BTC

May 31, 2025
Pakistani Government Deploys 2,000 MW to BTC Mining, DWF Labs’ Grachev Welcomes ‘Smart Move’
Mining

Pakistani Government Deploys 2,000 MW to BTC Mining, DWF Labs’ Grachev Welcomes ‘Smart Move’

May 31, 2025
Elon Musk Pivots From DOGE to SpaceX Mars Plan, Eyeing Self-Sustaining Colony by 2029
Mining

Elon Musk Pivots From DOGE to SpaceX Mars Plan, Eyeing Self-Sustaining Colony by 2029

May 30, 2025
Bitcoin Mining Difficulty Is Set to Reach Record High Amid Surging Hashrate
Mining

Bitcoin Mining Difficulty Is Set to Reach Record High Amid Surging Hashrate

May 30, 2025
Is this still Satoshi’s Bitcoin? Bitcoin Conference keynotes dominated by politicians and corporations
Mining

Is this still Satoshi’s Bitcoin? Bitcoin Conference keynotes dominated by politicians and corporations

May 30, 2025
Next Post
Solana’s Froganas leaps to top NFT sales with US$1.45 mln

Solana’s Froganas leaps to top NFT sales with US$1.45 mln

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

July 10, 2024
ECB’s Eurosystem Explores Blockchain Technology for Wholesale Financial Transactions

ECB’s Eurosystem Explores Blockchain Technology for Wholesale Financial Transactions

January 8, 2024
Altcoin season? Ethereum, Solana shine as Bitcoin’s dominance shifts

Altcoin season? Ethereum, Solana shine as Bitcoin’s dominance shifts

August 19, 2024
NFTScan and OneID team up for smarter NFT searches

NFTScan and OneID team up for smarter NFT searches

January 29, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining
  • The Biggest Games Releasing in June 2025
  • Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.