Bitmain to Launch Mining Map to Connect Miners to Resources

Reading Time: 2 minutes

Bitmain will launch the World Digital Mining Map (WDMM) at the World Digital Mining Summit which takes place in Frankfurt on the 8-10 October. The WDMS is the first platform to connect mining hardware owners with mining farm owners in an attempt to leverage cheap electricity and sources of renewable energy in a strategy that will benefit everyone in the sector.

Bitmain Seeks Long Term Sustainability

Mining hardware owners are always on the lookout for locations that offer optimum conditions and power resources for their cryptocurrency mining operations in order to remain cost-effective. The WDMM will be the first resource to connect them with mining farms around the world who have the available power resources to host them, and will charge a fee for doing so. Bitmain will be hoping to capitalize on the launch by signing up participants at the summit itself, which Matthew Wang, Director of Mining Farms at Bitmain, said should benefit the industry in the short and long term:

The WDMM will help 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.

Bitmain Hopes for Brighter 2020

Bitmain has had an interesting year, which saw them abandon their IPO in March, register a $635 million loss two months later, and order 600,000 new mining chips just two weeks after that. There has also been speculation that they have been colluding with exchanges like Huobi to maintain BTC price levels in order to sell their latest mining rigs, although these are so far unsubstantiated. Either way, Bitmain will be hoping that innovations like their mining map will help get them back on track for a better 2020.

Screenshot 2019-09-30 at 07.42.13