Table of Contents:
Cango expands Bitcoin mining with impressive hashrate
According to IT BOLTWISE® x Artificial Intelligence, Cango Inc., a Shanghai-based leader in Bitcoin mining, has achieved a significant milestone by being included in the Bitwise Bitcoin Standard Corporations ETF. This ETF, managed by Bitwise Asset Management, focuses on companies holding at least 1,000 Bitcoins in their balance sheets. Cango's CEO, Jiayuan Lin, expressed pride in this achievement, highlighting the company's strategic shift towards a capital-light Bitcoin mining model.
Since Q4 2024, Cango has demonstrated remarkable progress, achieving a leading productivity rate of 17.81 Bitcoin per EH/s and a total hashrate of 32 EH/s, ranking it third globally. The company has also expanded its operations to strategic locations in North America, the Middle East, South America, and East Africa, leveraging geographic diversification to meet the growing demand for crypto-assets. Historically, Cango has been influential in China's automotive market since 2010, simplifying the car purchasing process for consumers. This expertise has been successfully transferred to the cryptocurrency sector, as evidenced by its inclusion in the ETF.
Experts believe this development signals a maturing cryptocurrency market, encouraging other companies to focus more on blockchain technologies. Cango plans to further enhance its mining capacities and integrate new technologies to improve efficiency, positioning itself as a key player in the rapidly evolving crypto industry. For more details, visit IT BOLTWISE® at https://www.it-boltwise.de/cango-erweitert-bitcoin-mining-mit-beeindruckender-hashrate.html.
DMND launches the world's first Stratum V2 Bitcoin mining pool
IT BOLTWISE® x Artificial Intelligence reports that DMND has introduced the first-ever Stratum V2 Bitcoin mining pool, marking a significant advancement in decentralization and security within the Bitcoin mining sector. This innovation allows miners to create their own block templates, addressing long-standing centralization issues in the industry. Stratum V2 enhances privacy and security through end-to-end encryption, reducing the risk of hashrate hijacking and ensuring fair and transparent payments.
The new DMND pool also features the SLICE payment system, which offers transparent transactions without hidden fees, setting a new standard for fairness in the industry. Backed by a successful venture capital round led by Trammell Venture Partners in Q4 2024, this initiative underscores investor confidence in the technology. Smaller mining operations could benefit from this decentralization, potentially increasing the security of the Bitcoin network and reducing reliance on large mining pools.
Miners interested in joining as launch partners can apply until March 28, 2025, to take advantage of this groundbreaking system. This development is poised to redefine Bitcoin mining, ushering in a new era of transparency and decentralization. For further information, visit IT BOLTWISE® at https://www.it-boltwise.de/dmnd-startet-weltweit-ersten-stratum-v2-bitcoin-mining-pool.html.
Sources:
