The German telecommunication company Deutsche Telekom has planned to mine Bitcoin.
Dirk Roder, Deutsche Telekom team lead, asserts that the platform will begin Bitcoin mining.
The platform’s move highlights Deutsche Telekom’s significant expansion of cryptocurrency operations and services.
The German telecommunication company Deutsche Telekom’s subsidiary T-Mobile plans to mine Bitcoin. The strategic decision was announced by Dirk Roder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom, during the BTC Prague, one of the biggest Bitcoin events in Europe.
T-Mobile Deutsche Telekom are running Bitcoin nodes, Lightning nodes and will start mining #bitcoin WHAT A TIME TO BE ALIVE. pic.twitter.com/r7rihAinXt
— Daniel Sempere Pico (@BTCGandalf) June 14, 2024
According to a video clip shared by Daniel Sempere Pico, a Bitcoin enthusiast, Roder narrated the evolution of Deutsche Telekom’s approach to Bitcoin. While in 2022, the platform ignored Bitcoin, in 2024, the platform plans to mine Bitcoin. Roder stated,
Since 2023, we are running a Bitcoin node, and we are running Bitcoin Lightning nodes as well […] I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.
While the Bitcoin advocate Joel Nakamoto asked Roder, “Is T-Mobile mining Bitcoin?” the latter reiterated, “We will!”
YOU WERE NOT READY…“Is T-Mobile mining #bitcoin?”— @JoeNakamoto “We will!With a chest full of fckng pride, I like to let you in on a little secret: We will engage in digital monetary photosynthesis soon.”— @21hemoonYou heard it at #BTCPrague first! 🚀 https://t.co/gXbZMZqQRk pic.twitter.com/Asy5x5iA7M
— BTC Prague (@BTCPrague) June 14, 2024
T-Mobile’s ground-breaking move to begin Bitcoin mining demonstrated the platform’s significant expansion of cryptocurrency operations and services. The platform’s collaboration with Polygon in 2023 has made Deutsche Telekom an active participant in the Web3 sector. With the integration, the firm became one of the validators on Polygon’s Proof-of-Stake (PoS) network. The alliance also helped Deutsche Telekom to utilize the potential of blockchain technology.
However, Roder hasn’t provided much details about the company’s plans. The expected date for beginning the Bitcoin mining is still undisclosed. The impact of this development on the platform needs to be seen in the future.
Meanwhile, Bitcoin is trailing over a negative track, showing a slight decline of 0.17% in the last 24 hours. Currently trading at $66,170, Bitcoin has experienced a notable dip of 4.49% in a week despite a marginal surge of 0.48% in a month.
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