Highlights:
- NiceHash and Marathon Digital Holdings collaborate on custom firmware for Bitcoin ASIC miners.
- The firmware includes features such as thermal protection, customizable cooling profiles, and auto-tuning, which promise to boost ASIC device performance.
- Additionally, it charges a 2% fee, which drops to 1.4% for miners using NiceHash as their primary pool.
NiceHash, the leading crypto mining platform, has entered a strategic partnership with Marathon Digital Holdings, Inc (NASDAQ: MARA) to introduce new custom firmware for ASIC miners on its platform. The new product, NiceHash Firmware, will utilize Marathon’s technology to improve the efficiency and profitability of Bitcoin (BTC) miners utilizing application-specific integrated circuit (ASIC) devices.
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We are delighted to announce NiceHash x @MarathonDH brings NiceHash Firmware powered by MARA!
Combining Marathon's cutting-edge technology and deep expertise in mining with NiceHash's unique platform, exceptional support capabilities and retail user experience.
Together, we are… pic.twitter.com/NYtXGMamRC
— NiceHash (@NiceHashMining) June 14, 2024
Ashu Swami, Marathon Digital’s chief technology officer, said:
“This collaboration allows us to bring advanced safety and optimization features to Bitcoin miners of all sizes, enhancing their performance and profitability.”
Key Perks of the NiceHash and Marathon Digital Partnership
Miners using this NiceHash firmware will benefit from a lower fee of 2%, which will decrease to 1.4% if they use NiceHash as their primary mining pool. Other notable features include innovative auto-tuning and customized environment profiles aimed at making cutting-edge technology accessible in the open market.
Looking forward to a great partnership together with NiceHash to leverage @MarathonDH firmware optimized for the @NiceHashMining platform. https://t.co/QS0RkW0rLl
— Fred Thiel (@fgthiel) June 14, 2024
The auto-tune feature enables adjustments based on the miners’ required hashrate target, power target, or percentage adjustment. The environment profile ensures compatibility with ASICs utilizing hydro, air, and single—or two-phase immersion cooling systems. Moreover, the firmware offers thermal protection to prevent overheating and features a custom dashboard for thorough ASIC performance monitoring. NiceHash Firmware is compatible with NiceHash ASIC Manager, Awesom, and Foreman Miner.
Read More: Marathon Digital Collaborates with Kenya on Renewable Energy Initiatives
Bitcoin Mining Industry Sees Improvements
NiceHash’s decision to choose Marathon Digital followed their confirmation of being impressed by Marathon’s firmware product. According to NiceHash, Marathon Digital is the world’s largest and most efficient Bitcoin miner by market cap. In May, it mined 390 BTC. Vladimir Hozjan, CEO of NiceHash, said MARA’s product has demonstrated high quality and reliability.
Hozjan stated:
“Our joint efforts will ensure we stay ahead of this rapidly evolving industry. We believe that teaming up and combining our knowledge will strengthen our position in the market, drive innovation, set new standards in the mining space, and empower miners worldwide to achieve unprecedented efficiency and profitability.”
NiceHash said it will support BTC miners seeking to enhance their profitability following the halving. In addition to providing software and mining services, NiceHash operates a hashrate market. ASIC owners can sell their hashing power for any coin supported by NiceHash.
Donald Trump Wants US to Rule Mining Industry
Former US President Donald Trump expressed a desire for all future Bitcoin mining to take place in the US following a meeting on June 12 with key industry figures, including Riot Blockchain CEO Jason Les and head of public policy Brian Morgenstern.
Donald Trump met with Bitcoin miners at Mar-a-Lago on Tuesday, his latest embrace of the crypto industry https://t.co/3TqEp7KJCD
— Bloomberg (@business) June 12, 2024
He emphasized that Bitcoin mining is a crucial tool for defending against central bank digital currencies (CBDCs). He criticized President Biden’s stance, arguing that it benefits China and Russia. Trump’s embrace of crypto garnered support from industry leaders, evident at his recent $12 million fundraising event in Silicon Valley. Attendees reportedly included Gemini founders Cameron and Tyler Winklevoss, among others. Last month, Trump announced his acceptance of political donations in cryptocurrencies.
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