Navajo Nation Eyes Bitcoin Mining Future as Path to Self-Sovereignty
Is The Navajo Nation becoming prime bitcoin mining country?
An upstart Bitcoin mining center established in 2017 on Navajo land has now doubled in size and uses multiple energy sources, including solar, to produce roughly 400 bitcoin per year.
The new initiative is seen by some Navajo as not just a way to mine new bitcoins but to assert its self-sovereignty out from under the Federal government’s financial choke hold on its future.
Tribal Delegate Amber Kanazbah Crotty recently told Compass Mining for its documentary film:
“We’re a nation working with the nation of the United States. But they will not recognize that sovereign-to-sovereign agreement when it comes to U.S. currency. They want complete control.”
Watch as the Navajo chart their path to self-sovereignty by mining Bitcoin:
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Source: https://21stcenturywire.com/2021/11/11/navajo-nation-eyes-bitcoin-mining-future-as-path-to-self-sovereignty/
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Don’t do it. A friend in Microsoft since before day 1 told me Bitcoin is a con like putting all of your money in a pile in the middle of the street and accepting a receipt for its storage. When the time is right and your back is turned, your money is gone and the receiver is gone, and nobody will believe your story.
Navajo trucking company.
This is interesting information, thank you! I have also recently started to be interested in this topic. I found out that there is a company that does easy crypto mining and besides, you will not need to create your own farm. The company makes all the conditions for mining cryptocurrency for you. Minto aims to reduce both the risks and the entry threshold by tokenizing mining power in the form of a BTCMT token.