Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service

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Bitmain is creating the eHarmony of bitcoin mining. Okay, perhaps that’s a bit embellished, however the mining agency is making a device that connects large-scale mining operations with particular person suitors looking for mining hardware internet hosting providers.

The brand new service, dubbed the World Digital Mining Map (WDMM), will create a listing of cryptocurrency mining farms and listing the efficiencies of their power sources, capability of their amenities and different specs. This knowledge will assist particular person miners discover a appropriate mining farm to host their hardware. Basically, the service creates an open market for particular person miners to discover a cost-efficient methodology to function their rigs.

The WDMM “will assist mining farm house owners fill obtainable capability they’ve, whereas hardware house owners may have extra choices for locations to host their rigs,” a consultant from Bitmain advised Bitcoin Journal.

“The WDMM will assist to make cryptocurrency mining extra sustainable within the long-run by connecting mining farms and hardware house owners in a complete new approach. It’s a part of our dedication to present miners with on-going help all through their hardware’s lifetime and to help the sector’s total development,” Matthew Wang, Bitmain’s director of mining farms, mentioned in a press launch.

A Bitmain consultant advised Bitcoin Journal that the WDMM “goals to join the mining ecosystem in essentially the most significant approach for every celebration. Bitmain’s function right here will likely be to supply providers to help the relationships within the talked about areas. The funding and investments required for every mining farm’s infrastructure will likely be finished by the house owners.” 

The corporate consultant added that, whereas there isn’t any added value to be listed on the WDMM, “hardware house owners will want to pay mining farms a payment that they each agree on. If additional Antminers are wanted, Bitmain can help with the gross sales course of.”

First Take a look at World Digital Mining Summit

Bitmain is planning on launching the brand new device on the World Digital Mining Summit in Frankfurt, Germany, in October 2019. Miners on the summit may have first precedence for the service, and every applicant will want to embrace pertinent data on their facility’s hardware capability, energy assets and different metrics.

“In return, individuals will likely be given personalised providers from Bitmain which incorporates help with mining farm design, connections to overseas prospects to host, and help with operations, buying and building,” the press launch reads.

September 27, 2019: This text has been up to date with additional data from Bitmain.

The put up Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service appeared first on Bitcoin Journal.



Source link Bitcoin Magazine

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