Home miners can benefit from the cooperation of NiceHash, Marathon Digital.
Cloud crypto mining platform NiceHash has introduced a new firmware product with features developed by Marathon Digital, making the mining company's technology accessible to retail and home miners.
The new firmware will be marketed as NiceHash Firmware powered by MARA. Marathon Digital is the world's largest Bitcoin (BTC) miner by market value and the most efficient, according to NiceHash. It mined 390 BTC in May. Ashu Swamy, Chief Technology Officer of Marathon Digital said:
“This collaboration will allow us to bring advanced security and optimization features to Bitcoin miners of all sizes, increasing their performance and profitability.”
Miner Fireware to combine the best features
Marathon Digital has introduced new MARAFW firmware to release its over 200,000 ASICs and enterprise customers. NiceHash Firmware will be a separate product powered by MARA, combining features from both manufacturers. When using NiceHash Pool, users pay a 2% or 1.4% fee.
Related: Marathon Digital Enters Renewable Energy Partnership With Kenyan Government
NiceHash firmware is compatible with various application-specific integrated circuit (ASIC) mining machine models and ASIC management tools. It also works with different algorithms and can switch between them as their effectiveness varies.
It also supports dedicated algorithms, adding Kadena's Blake2s algorithm in April to enable Kadena (KDA) coin mining. NiceHash software offers mobile applications such as automation, temperature control and off-site ASIC management.
Reservoir to support the mining industry
Crypto mining profitability has been closely watched since the halving of miners in April by 50 percent. US presidential candidate Donald Trump has expressed support for the US crypto mining industry, but some question the sincerity of his pro-crypto statements.
In addition to providing software and mining services, NiceHash operates a hashrate market, where ASIC owners sell their hash power for any coin NiceHash supports. The buyer receives the reward for the blocks produced, while the seller is paid the average price of all the orders in the nisehash pool, reducing the seller's risk, regardless of whether the buyer mines or not.
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