The partnership that began with high hopes for revitalizing a struggling economy ended in disappointment, as no mining operations were ever initiated despite initial promises.
The situation epitomizes the struggle of many in Jenkins, where the promise of new jobs through cryptocurrency mining failed to materialize, leaving the community in despair.
Smith believed that transforming the local economy from coal to cryptocurrency could provide opportunity, but ultimately, the project collapsed, leaving community expectations unfulfilled.
Many in the region saw crypto mining as a potential lifeline, but with the partnership failing, the reality is more uncertainty and continued economic hardship.
#bitcoin-mining #economic-development #kentucky #cryptocurrency-partnerships #coal-industry-transition
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