NiceHash Collaborates with Marathon Digital: New Firmware Launched for Home and Retail Miners
Summary:
NiceHash, a cloud-based cryptocurrency mining platform, collaborates with Marathon Digital to launch new firmware for retail and home miners. This firmware, 'NiceHash Firmware Powered by MARA', aims to enhance miner's performance and profitability by combining features from both companies. Offering compatibility with various ASIC mining machines and management tools, it allows efficiency optimization among several algorithms and remote ASIC management. Moreover, NiceHash runs a hashrate market for ASIC owners to sell their hashing power, reducing their risk by guaranteeing average order price payment.
The cloud-based cryptocurrency mining platform NiceHash presents its new firmware product, a collaboration with Marathon Digital, making the latter's mining technology accessible to individual and home-based miners. The firmware product comes with the label 'NiceHash Firmware Powered by MARA.' Marathon Digital holds the title of being the most efficient Bitcoin miner with the largest market cap globally, with 390 BTC successfully mined just in May, according to NiceHash. Marathon Digital's CTO, Ashu Swami, commented that the partnership aims to increase safety measures and optimize features for Bitcoin miners of all sizes to boost their performance and profits.
Earlier in March, Marathon Digital introduced the 'MARAFW' firmware to over 200,000 ASICs and industrial customers. The 'NiceHash Firmware Powered by MARA,' however, will be a distinct product, unifying the beneficial attributes of both companies. Users availing of this product will incur a fee of 2% or 1.4% if they use the NiceHash pool.
The NiceHash firmware offers compatibility with numerous ASIC mining machine models and management tools, operating with a dynamic range of algorithms and adjusting as per their efficiencies. It provides support for dedicated algorithms, such as Kadena’s Blake2s algorithm incorporated in April, facilitating Kadena coin mining. Additional features include auto-tuning, temperature regulation, and a mobile app for remote ASIC management.
Crypto mining profitability has been under the microscope since the halving event in April that decreased profits from each block by 50%. Former U.S. presidential candidate Donald Trump has shown support towards the domestic cryptocurrency mining industry, though some skeptics question his pro-crypto sentiments.
Apart from mining services and software offerings, NiceHash runs a hashrate market, enabling ASIC owners to vend their hashing power for any NiceHash supported coin. The buyer secures the benefits for mined blocks, while the seller receives the mean order price in the NiceHash pool irrespective of the buyer mining a block, reducing the seller's risk.
Published At
6/15/2024 2:23:27 AM
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