By Shelly Melancon (Switzerland)
A strategic partnership has been struck between Titan Mining and Digital Finance Group (DFG) that will present a powerful option for Bitcoin miners who are set to improve their efficiency.
Digital Finance Group, a globalized crypto and blockchain investment company, made the announcement of a $250,000 investment for the company in Titan. The pivotal partnership with such a new generation Bitcoin mining collection is designed to aid Digital Finance Group to better serve the continuously increasing crypto mining sector, the company said.
High Efficiency and High Decentralization in View for Titan and DFG
As a necessary part of the partnership, DFG plans to use Titan’s mining technology to obtain better insight and understanding of the crypto mining sector. Being a pool with an enterprise-grade system, Titan Mining provides miners with a means to increase their scalability and efficiency at a flat and low cost.
As a means of cementing its place in the mining industry, Titan Ming has been working to develop its own mining protocol called Lumerin. The protocol is built to support a hash power market that is propelled by smart contracts, which enables crypto miners to trade computing power to gain the best possible mining efficiency.
The new partnership with DFG is set to enable Titan Mining to improve its development work rate and become a standard in the crypto mining industry in terms of decentralized and efficient hash power.
Titan Mining’s CEO, Ryan Condron, has said that the support Titan got from DFG was a very important one to the company. He said further that the partnership gives them a good network and a deep institutional knowledge that will be helpful in building their business, which will benefit not only Titan but the entire crypto industry.
The founder and CEO of DFG, James Wo, on the other hand, said that the new partnership is highly significant to DFG also. Continuing, he said that the investment his firm has made is part of DFG’s strategies to engage with the most important service providers and teams in the industry.
Development Elsewhere
In related news, Intel has also launched its latest Bitcoin mining application-specific integrated circuit (ASIC) on the 20th of February. It is an energy-efficient second-generation Bitcoin mining chip that has been christened “Bonanza Mine.”
According to reports, the new Bonanza Mine (BMZ2) chip is a completely low voltage energy-saving Bitcoin mining application-specific integrated circuit that can generate up to 40 terahashes/sec performance. It is said further that the architecture of the BMZ2 is to follow after the first-generation model chip, the BMZ1, which has more than 300 chips powered with a 3600W miner, all working to generate 40 terahashes/sec in the right environment.
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