Crypto Mining News Daily

Saturday, July 13, 2024
HomeNewsNiceHash Unveils New Firmware Powered by Marathon Digital, Boosting Efficiency and Profitability...

NiceHash Unveils New Firmware Powered by Marathon Digital, Boosting Efficiency and Profitability for Retail and Home Miners


In a move that is set to revolutionize the crypto mining industry, NiceHash, a leading cloud crypto mining platform, has introduced a new firmware product in collaboration with Marathon Digital, the world’s largest Bitcoin miner by market cap. The new firmware, marketed as NiceHash Firmware Powered by MARA, combines the best features of both companies to enhance the performance and profitability of Bitcoin miners of all sizes.

The new firmware is designed to provide advanced safety and optimization features, allowing miners to maximize their earnings and minimize their energy consumption. According to Ashu Swami, Chief Technology Officer at Marathon Digital, “This collaboration allows us to bring advanced safety and optimization features to Bitcoin miners of all sizes, enhancing their performance and profitability.”

The new firmware is compatible with a variety of ASIC mining machine models and ASIC management tools, and can operate with multiple algorithms, allowing miners to switch between them as their efficiencies vary. Additionally, the firmware supports dedicated algorithms, including Kadena’s Blake2s algorithm, which enables Kadena (KDA) coin mining.

NiceHash Firmware Powered by MARA also features autotuning, temperature control, and a mobile app for offsite ASIC management, making it easier for miners to monitor and manage their operations remotely.

The introduction of this new firmware comes at a critical time for the crypto mining industry, which has been closely watched since the halving of the block reward in April. The halving reduced miners’ profit per block by 50%, leading to concerns about the sustainability of the industry.

However, with the new firmware, NiceHash and Marathon Digital are pooling their resources to support the mining industry and help miners maximize their earnings. The NiceHash hashrate market, which allows ASIC owners to sell their hashing power for any coin NiceHash supports, is also a key part of this effort.

As the crypto mining industry continues to evolve, the collaboration between NiceHash and Marathon Digital is set to play a significant role in shaping its future. With the introduction of NiceHash Firmware Powered by MARA, miners of all sizes can now benefit from the advanced features and optimization capabilities of both companies, ensuring a more profitable and sustainable mining experience.

Source: Cointelegraph


Most Popular

Learn How to Mine Crypto

Join our mailing list and receive a free copy of Crypto Mining 101, our detailed guide on how crypto mining works, must have tools to get started, and how to be successful.

Note: We’ll never sell, trade, or abuse your information, and it’s simple to opt out! Read our Privacy Policy here.