The term “crypto-mining” has become a buzzword in the real estate industry. Some of the largest property developers joined the crypto-mining bandwagon, eager to take advantage of the growing blockchain market.
First, let’s talk about crypto mining. This is where you take what is called an Applied Specific Integration Circuit computer (ASIC) that makes trillions of guesses per second against the SHA-256 hashing algorithm developed by the National Security Agency (NSA) to break the hash or key to unlock a block on the blockchain ledger where you will be rewarded with the corresponding crypto currency of that blockchain. Now, if you want to get into this type of mining, you will need a lot of money and a lot of power.
The industrial sector of the real estate industry has grown from simple utilities to include everything from water and sewage facilities to telecommunications networks, power grids, and Internet access.
Accessible properties have become commonplace with the advent of new construction techniques, easy access to online property databases, and the introduction of high-speed broadband Internet access into every community in the United States. Crypto-mining operations are also well understood by those in the industry; although they remain a small niche market at this time, they are growing rapidly and are projected to become extremely large over time.
In addition to these developments, blockchain technology is also finding its way into many aspects of the real estate industry with the potential for widespread disruption if trends continue at current levels.
CREMtex brokers and acquires large tracts of land across Texas—from 235 acres to 140,000 acres—with industrial infrastructure that can be easily adapted to your mining needs. Not only that, but we’ll also help you find a power source, too.
We’re not just here for your land needs—we’re here for your success.
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