Project News & Updates
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 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.”
Source: Divakaruni, Anantha, and Peter Zimmerman. 2022. "The Lightning Network: Turning Bitcoin into Money." Working Paper No. 22-19. Federal Reserve Bank of Cleveland.
Malachi Salcido joins Glenn Tyranski to explain cryptocurrency, in everyday language, and the competitive advantages it has over traditional currency. Click the video to learn how he came to learn about it, and some of the opportunities it provides.
A Cryptocurrency Base Case and Trends Overview in Plain Language | Malachi Salcido
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.
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.”
As bitcoin value drops and power prices rise, interest in mining is cooling in the once-hot market in central Washington state. The Seattle Times quotes Malachi Salcido in this article, along with PUD spokesmen and others in the region, as they discuss what bitcoin miners and suppliers turn to when the market conditions shift.
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.
For immediate release: June 1, 2022
For more information, please contact:
Jennifer Korfiatis, communications@salcidoenterprises.tech
Wenatchee, Washington- Malachi Salcido, CEO of the Salcido Groups of Companies, is an invited presenter at the Leading Entrepreneurs of the World conference. The virtual event is scheduled for June 6-10, 2022.
Salcido’s topic, “Plain Speak: A Cryptocurrency Base Case and Trends Overview in Language You Can Actually Understand” is scheduled for June 10 from 8:30-9:00am PST, the closing day of the event, as part of the Deep Technology, Robotics, and Infrastructure track. Leading Entrepreneurs of the World is one of the most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. This annual event focuses on the power of entrepreneurship and leadership and features five days of virtual business presentations, digital interviews, discussions, and roundtables with the world's leading entrepreneurs and business leaders. The 2022 event is expected to draw 10,000 attendees.
“I’m honored to join such a prestigious line-up of presenters. As a strong advocate of entrepreneurship I’m grateful for the opportunity to share the positive economic impact that cryptocurrency can have on businesses,” explained Salcido.
Those interested in attending can learn more and register at: https://1businessworld.com/leading-entrepreneurs-of-the-world/leading-entrepreneurs-of-the-world-conference/
The Salcido Group of Companies includes the Salcido Connection, a 20-year company with expertise to design, install, and maintain 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. Learn more at https://thesalcidogroup.com/
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“As the Bitcoin industry grows, CNN’s Nick Watt visits a Washington state county where a quarter of all electricity generated is powering Bitcoin mining.”
Mackenzie Sigalos writes of her experience sending BTC to a contact in Ukraine, who then converted it to cash, for CNBC. International transfers of cash, powered by bitcoin’s Lightning Network on apps which have implemented the BOLT specification. Once transferred, the BTC value can be cashed out at a bitcoin ATM.
Read the full article / watch the video here.
