Farm In Michigan Growing Local Bitcoin Economy
In Ann Arbor, Michigan there is a plot of land called Arbor Hills Farm, an organic farm that leases land from bigger property called the Tilian Farm Development Center, where vegetables and livestock are cultivated. The products are then sold to members of the community through a system called Community Supported Agriculture (CSA) in which members,....
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An Australian organic farm called Budafoods has created its own local bitcoin economy among farmers, using the cryptocurrency to facilitate faster and cheaper payments between merchants and small businesses. The community is also working on encouraging its partners to accept bitcoin as well. The farm, which is located in Sunshine Coast Hinterland, Queensland, has dealt with the negative impact of online payment systems on their sales and profits. These, along with traditional banking systems, have eaten into their margins by charging high fees per transaction and have taken long periods to....
New Hampshire, home to 4,150 farms comprised of 471,911 acres of farmland, is a prime destination for local, organic farm products. The state is also home to one of the most robust Bitcoin communities in the world, and as a result you can buy all your organic groceries with cryptocurrency. According to Jessica Love, one of the key organizers behind the Community Market Day Project, a network of small farmers and artisans markets, the desire for more local, natural, and pesticide-free farm products has been growing recently. “There are more and more farmers realizing the consumer/profit....
Budafoods, a certified organic farm and food supplier located in the Sunshine Coast Hinterland, Queensland, Australia, is attempting to create a closed bitcoin economy among farmers and to encourage its partners, supporting businesses and community to accept bitcoin. Over the past few years, online payment services and platforms such as PayPal and banking systems have negatively affected businesses in the area, including Budafoods and the local businesses the farm supplies. Apart from the substantial fee for transactions and payments, PayPal and the bank transfers have been extremely....
According to Chinese publisher Xin’an Evening, Chinese police took down an illegal bitcoin mining farm in Bengbu, Anhui Province. The mining farm was using electric power from a local electric power company’s energy source to fund their operations and acquire bitcoin, as a total of 50 ASIC miners were seized. In China, power is seen as a state-owned property. A family was running the illegal bitcoin farm and, according to the Xin’an Evening, made enough money to finance up to 8 years of future expenses they could’ve had. The family was arrested after inspectors found out they were the....
The Chinese law enforcement cracked down on a Bitcoin mining farm in Bengbu, Anhui province, for illegally allocating a local electric power company's energy source for Bitcoin mining operations. The local police of Bengbu seized ASIC miners and other equipment used to mine the digital currency. Xin’an Evening, a local news publication in China, revealed earlier this month that a family in the Anhui province used home energy sources provided by a local electricity service provider to mine Bitcoin. The digital currency which the family obtained was used to finance the family’s expenditures.....