Bitmain is creating the eHarmony of bitcoin mining. Okay, maybe that’s a bit embellished, but the mining firm is creating a tool that connects large-scale mining operations with individual suitors shopping for mining hardware hosting services.
The new service, dubbed the World Digital Mining Map (WDMM), will create a directory of cryptocurrency mining farms and list the efficiencies of their energy sources, capacity of their facilities and other specifications. This data will help individual miners find a suitable mining farm to host their hardware. Essentially, the service creates an open marketplace for individual miners to find a cost-efficient method to operate their rigs.
The WDMM “will help mining farm owners fill available capacity they have, while hardware owners will have more options for places to host their rigs,” a representative from Bitmain told Bitcoin Magazine.
“The WDMM will help to make cryptocurrency mining more sustainable in the long-run by connecting mining farms and hardware owners in a whole new way. It is part of our commitment to provide miners with on-going support throughout their hardware’s lifetime and to support the sector’s overall growth,” Matthew Wang, Bitmain’s director of mining farms, said in a press release.
A Bitmain representative told Bitcoin Magazine that the WDMM “aims to connect the mining ecosystem in the most meaningful way for each party. Bitmain’s role here will be to offer services to support the relationships in the mentioned areas. The funding and investments required for each mining farm’s infrastructure will be done by the owners.”
The company representative added that, while there is no added cost to be listed on the WDMM, “hardware owners will need to pay mining farms a fee that they both agree on. If further Antminers are needed, Bitmain can support with the sales process.”
First Look at World Digital Mining Summit
Bitmain is planning on launching the new tool at the World Digital Mining Summit in Frankfurt, Germany, in October 2019. Miners at the summit will have first priority for the service, and each applicant will need to include pertinent information on their facility’s hardware capacity, power resources and other metrics.
“In return, participants will be given personalised services from Bitmain which includes assistance with mining farm design, connections to foreign customers to host, and support with operations, purchasing and construction,” the press release reads.
September 27, 2019: This article has been updated with further information from Bitmain.
The post Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service appeared first on Bitcoin Magazine.
The Federal Reserve’s poor central planning has wrecked the global economy and they are somehow expected to solve their own mess. Bitcoin fixes this.The below is a direct excerpt of Marty's Bent Issue #1226: “#EndTheFed.” Sign up for the newsletter here. (Source) As the markets eagerly await the Federal Open Market Committee (FOMC) meeting (and…
Buying bitcoin with your paycheck before anything else ensures a practice of saving and accumulation.Unless you buy bitcoin with your paycheck first, you can always find another purpose for your excess income. I’ve been an advocate of “paying myself first” my entire life, I started investing in my early 20s using auto asset building via…
The fiat standard has drained the value out of more than just money, leaving family units a weak shell of their former strength.This is an opinion editorial by Paloma De la Hoz, a licensed psychotherapist and psychologist with a focus on sex and couples therapy."The government cares about you" is a fairytale that many people…
Just one day after the January 11 approval of 11 Bitcoin spot ETFs – including BlackRock’s iShares Bitcoin Trust (IBIT) – by the U.S. Securities and Exchange Commission, BlackRock Chair and CEO Larry Fink sat down with Bloomberg's David Westin to discuss the implications of the world's largest asset manager entering the Bitcoin market. Not
BTC Inc is giving away 100 tickets, totaling a value of $100,000 to members of Black Bitcoin Billionaire for the Bitcoin 2022 conference.$100,000 in tickets will be given to the Black Bitcoin Billionaire members for Bitcoin 2022. The three-day general admission passes will be awarded to a lottery made up of supporters of Black Bitcoin…
The consumer price index will define market moves and the new Magma protocol on the Lighting Network will allow Bitcoin to grow even bigger.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Joe Consorti to talk about inflation and exciting new developments…
Perhaps plans around the digital rupee will enlighten India’s government, helping the legal stance of builders for bitcoin.Indian founders working on bitcoin exchanges and traders face a whole gamut of questions every day, ranging from “Will I be arrested?” to “Will my company be shut down?” to “Will my bank accounts be frozen?” Understanding the…
Robert F. Kennedy Jr. made his first public appearance as a presidential candidate at the Bitcoin 2023 conference today, sharing his own experiences with Bitcoin, warning about how technology is enabling government totalitarianism around the world and describing how he would protect the rights of Bitcoiners if elected president.“As president, I will make sure that…
Bitcoin is revolutionizing media, as evidenced by the capabilities of podcasting 2.0 on the Lightning Network.The below is a direct excerpt of Marty's Bent Issue #1133: "Media on a Bitcoin Standard." Sign up for the newsletter here.Bitcoin is revolutionizing media and very few people are paying attention. Your Uncle Marty is becoming more convinced of…