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Block stream is launching its own Bitcoin-Mining-Farm

The Lightning-developer block stream would now like to also get in on the Mining Game. The company is therefore increasing with two server farms in the Bitcoin

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Block stream is launching its own Bitcoin-Mining-Farm

The Lightning-developer block stream would now like to also get in on the Mining Game. The company is therefore increasing with two server farms in the Bitcoin Mining. Here is his basic Agenda, it remains faithful to The decentralized nature of the Bitcoin network is to be maintained.

By Anton Livshits
10. August 2019BTC$11.424,00 -2.83%part Facebook Twitter LinkedIn xing mail

The Blockchain-block stream has on 8. August the first Details of their planned Mining Service announced. The canadian company announced via a blog post, the Start of two huge server farms. The offer is aimed primarily at large customers.

block-stream would like to provide the Service according to own data a contribution to the preservation of the decentralization of the Bitcoin network:

We started our Bitcoin Mining operations as early as 2017, motivated by the widespread concern that the decentralisation of mining subsides. At the time, it seemed that the ASIC-production, the Hosting and the Pool parties rival to the Central power were, and Bitcoin would discourage its full potential.

At the core of the Mining Services, the idea is that in Bitcoin the persons involved and the company itself make a contribution to Mining is thus. The block stream Mining Service is already one of the Fidelity Center for Applied Technology and the LinkedIn co-founder Reid Hoffman to its more prominent customers.

block stream promises customers full control

The two server farms of the block stream are located in Quebec and in the U.S. Georgia. Together, they have a power capacity of 300 megawatts. In purely mathematical terms, this could represent up to 7.5 percent of the Hash Rate of the entire network. The company also mentioned that the self-operated Mining is for a percentage of the global Hash Rate responsible.

block stream will provide the centres with the necessary Mining Equipment. The customer, however, will have complete control over the devices.

block-stream Pool promises decentralization

The customers of the Mining Services also have the opportunity to make use of the block stream Pool use. The Pool will revert to the BetterHash Protocol. He leaves miners in the choice of which Bitcoin transaction is expected to be added in the respective Block. The decisions of Mining farms to be decentralized, because you can now be of the individual miners made.

block stream is, especially as the Initiator of the Lightning network known. Recently, the company announced a new project, which aims to improve the scalability of the Bitcoin network.

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