Ephrata High School Industrial Arts & Technology Program Tours Fortress Data Center

Ephrata High School students in the Industrial Arts & Technology program got to experience a rare opportunity this May: a tour inside a 5 Megawatt blockchain data center with Salcido Enterprises’ CEO, Malachi Salcido.

The students, and their teacher Dale Hagy, spent the afternoon amidst the heat and hum of powerful machines, learning about cryptocurrency, data space management, and the blockchain network.

With new and emerging technology such as bitcoin and other blockchain applications, a tour like this is an excellent opportunity for high school students to engage with what could potentially become the norm in the future. Whether in business, a potential career path, future finance and other transactions, the youth of today will see this technology impact their lives – and this opportunity provides a real-life experience with its tangible reality.

Pleased to Sponsor Tee Up Fore Restore

We are proud to sponsor Restore Mission for the second year in a row at their fundraising golf tournament in East Wenatchee. Restore serves to support foster and adoptive families in the Wenatchee area and beyond, through gifts, donations, and events to encourage those involved in the precious effort of caring for those in need.

For more information on Restore, click here.

For information on the golf tournament – through direct involvement, donations, or sponsorship, check out TeeUpforRestore.com

What is Bitcoin mining and how does it work?

Brian Baker, CFA, provides a clear explanation of bitcoin mining—how it works, some of the risks, what some important considerations are, and more—in this article for Bankrate.

Bitcoin has received much attention over the past several years, with its wild price fluctuation generating great gains for some, and great losses for others. Even with all the attention, some don’t exactly understand it yet.

If you are interested in details on statistics, taxation, and potential profitability of bitcoin, this article is helpful.

Can an industry as energy-intensive as crypto become sustainable?

InvestigateWest reports on the Crypto industry and its conflicting efforts to produce as much coin as possible, with as little damage to the natural or community environment as possible.

While some miners are bringing decommissioned coal plants back online to power crypto mining operations, others are attempting to balance the operation in a carbon-neutral net effect.

Malachi Salcido contributes his perspectives to this topic – read the full article here.

The Lightning Network: Turning Bitcoin into Money

The Federal Reserve Bank of Cleveland released an article reporting on how Lightning Network affects Bitcoin transaction speed and fees. Anantha Divakurani and Peter Zimmerman write on their findings across studies over two years, and the potential impacts it may have on broader adoption of Bitcoin as a means of payment.

“We find a significant association between LN adoption and reduced blockchain congestion, suggesting that the LN has helped improve the efficiency of Bitcoin as a means of payment.”
— Divakaruni, Anantha, and Peter Zimmerman

Source: Divakaruni, Anantha, and Peter Zimmerman. 2022. "The Lightning Network: Turning Bitcoin into Money." Working Paper No. 22-19. Federal Reserve Bank of Cleveland.

Salcido Group of Companies CEO attends conference

For immediate release: September 20, 2022

For more information, please contact:
Jennifer Korfiatis, communications@salcidoenterprises.tech

Wenatchee, Washington – Malachi Salcido, the CEO of the Salcido Group of Companies, recently attended the Northwest & Intermountain Power Producers Coalition (NIPPC) “Currents of Change” conference. The event was held September 11-13 at Alderbrook Resort in Union, WA.

The annual conference brought together leaders and innovators from approximately 100 companies directly or indirectly involved in the power sector. The NIPPC is a membership-based advocacy group representing competitive electricity market participants in the Pacific Northwest and Intermountain region. The organization has a diverse membership including independent power producers and developers, electricity service suppliers, transmission companies, marketers, storage providers, and others.

“This event drew thought leaders together to learn more about and discuss fair and open-access transmission service, cost effective power sales, consumer choice in energy supply, and fair, competitive power markets in the Northwest and adjacent markets. The Salcido Group of Companies is committed to being a productive and contributing member of this organization and this industry,” explained Salcido Group of Companies CEO Malachi Salcido.

The Salcido Group of Companies is focused on recognizing and growing the talents of good people, while offering leadership that allows them to reach their full potential. This is done through The Salcido Connection, which designs and installs reliable, efficient building systems and Salcido Enterprises, LLC which brings expertise in large-scale high-tech site development, mechanical/electrical engineering and manufacturing, facilities management, and cryptocurrency to high-power data centers across the Pacific Northwest. The Salcido Group of Companies invested more than $300,000.00 in philanthropic efforts in 2021. Learn more at TheSalcidoGroup.com.

Crypto & Retailers – CNBC reports on the outlook in the near term

What does the near future hold for consumers interacting with crypto in the retail space? CNBC reports on a recent Deloitte survey.

“Although paying with cryptocurrency is fairly novel now, 83% of retailers expect consumer interest in digital currencies to increase over the next year and a little over half of them have invested over $1 million into enabling digital payments, according to the survey.”
— CNBC

Human rights advocates urge Congress, "bitcoin is essential"

Human rights advocates make the case that in countries with unstable economies and fractured currencies, bitcoin is an essential means for maintaining financial viability in spite of banks being shut down and assets being frozen.

This advocacy comes on the heels of technologists urging Congress to introduce laws to regulate crypto currency. Read MacKenzie Sigalos’s story on CNBC for more details.

 

Follow developments with our sister company The Salcido Connection