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

Bitmain is growing the eHarmony of bitcoin mining. Okay, perhaps that’s a little adorned, however the mining company is growing a device that connects large-scale mining operations with person suitors purchasing for mining internet hosting products and services.

The new provider, dubbed the World Digital Mining Map (WDMM), will create a listing of cryptocurrency mining farms and listing the efficiencies in their power resources, capability in their amenities and different specs. This knowledge will assist person miners discover a appropriate mining farm to host their . Essentially, the provider creates an open market for person miners to discover a cost-efficient strategy to perform 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 consultant from Bitmain advised 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, mentioned in a press unlock.

A Bitmain consultant advised 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 corporate consultant added that, whilst there is not any added charge to be indexed at 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 making plans 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 provider, and every applicant will wish to come with pertinent data on their facility’s capability, energy sources and different 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 click unlock reads.

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

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