Bitmain Technologies (Bitmain), a privately owned company headquartered in Beijing, China that designs application-specific integrated circuit chips for Bitcoin mining, will launch the first-ever platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM). The launch will be done during the World Digital Mining Summit (WDMS) which will take place in Frankfurt from 8th-10th October.
WDMS is the largest digital mining event of the year. It is a two-day cryptocurrency mining summit with a focus on high-class networking and knowledge exchange while delivering the latest industry insights.
Matthew Wang, Director of Mining Farm of Bitmain, said, “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.”
The launch of this platform is of significance, because to remain price-efficient, owners of mining hardware are regularly on the lookout for locations with the right conditions and power resources for cryptocurrency mining. The WDMM will be the first global resource to connect them with mining farms who have the available power resources to host them for a fee.
Mining farm owners can apply to be listed on the WDMM during the WDMS. Applicants will need to provide details on their current mining farm setup and capacity to host other miners. In return, participants will be given personalised services from Bitmain which include assistance with mining farm design, connections to foreign customers, and support with operations, purchasing and construction.
During the WDMS, Bitmain will also announce the winners of the Top 10 Mining Farms around the world. The summit will provide a workshop focused on mining farm data analysis, as well as discussions on the future of mining facilities. There will be opportunities for miners and mining farm owners to exchange ideas and explore partnership opportunities.
Founded in 2013, Bitmain has transformed computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide – Antpool.com and BTC.com. Bitmain technology supports a wide range of blockchain platforms and startups.
The agenda for the three-day WDMS summit features industry investment and innovation for the mining sector. Major thought leaders include Jihan Wu (Bitmain Co-Founder), Micree Zhan (Bitmain Co-Founder & Chairman), John Ge (Matrixport CEO) and Marco Streng (Genesis Mining CEO), and other top brands that will present at this year’s summit.
Started in 2018, WDMS was the first and foremost meet-up organized by Bitmain that brought global miners, entrepreneurs, and fellow enthusiasts together, all in one place. This global mining summit showcased the leading minds and decision makers that are driving and pushing the crypto mining industry into the future. This year, WDMS is back to discuss ideas on the future of digital mining, blockchain, and more.