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announced on Wednesday.” data-reactid=”22″>The Sacramento Kings are now mining ethereum, the team announced on Wednesday.

MiningStore.com, and is now ready to launch a charitable program, Mining For Good, that will give the majority of the ether to a local community group, Build Black, to sell or hold the ether as it chooses.” data-reactid=”23″>The team began mining the cryptocurrency three weeks ago using Nvidia mining rigs purchased from MiningStore.com, and is now ready to launch a charitable program, Mining For Good, that will give the majority of the ether to a local community group, Build Black, to sell or hold the ether as it chooses.

Of course, there’s a lot to unpack here. Ethereum is a decentralized platform for smart contracts that went live in 2015; the digital token of Ethereum is ether.

Like bitcoin, ether runs on a blockchain, a peer-to-peer, public, immutable ledger that records all ether transactions. Mining cryptocurrency involves setting up expensive computers that solve complex math problems in real-time to win the right to upload (“mine”) bundles of transaction data (or “blocks”) to the blockchain. Read more from finance.yahoo.com…

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