DMND (“Demand Pool”), the world’s first Stratum V2 Bitcoin mining pool, has formally opened functions for miners to hitch as launch companions, in accordance with a press launch despatched to Bitcoin Journal. Profitable candidates will obtain 0% charges for the primary two months and a particular two-year founding miner settlement.
Along with the launch announcement, DMND additionally confirmed the profitable closing of its enterprise capital financing in This fall 2024, led by Trammell Enterprise Companions (TVP).
“The Bitcoin mining business has a key drawback which I’ve pinpointed over my 10-year profession: mining pool centralization,” mentioned Alejandro de la Torre, DMND co-founder and CEO. “Because of this it’s paramount that we make Stratum V2 a actuality. SV2 will assist decentralize Bitcoin mining by permitting miners to construct their very own blocks. With the discharge of DMND pool—the world’s first Stratum V2 pool—we assist fight this drawback – a historic second in Bitcoin.”
Stratum V2 represents a serious evolution in Bitcoin mining, providing enhanced decentralization, privateness, and safety by enabling miners to assemble their very own block templates. In contrast to conventional mining swimming pools, the place pool operators dictate transaction choice, Stratum V2 shifts management again to miners.
DMND’s pool implements end-to-end encryption to stop hashrate hijacking, making certain larger safety for mining operations. Moreover, its SLICE fee system introduces auditable transactions and no hidden charges, guaranteeing most miner payouts in a good and clear method.
The mining business has lengthy struggled with opaque payment buildings and centralized block development. DMND’s implementation of Stratum V2 and the SLICE fee system goals to handle these points, making certain fairer payouts and larger management for miners whereas reinforcing Bitcoin’s decentralization.
“The mining pool business is one the place murky payment payouts and relative centralization have turn out to be the norm,” mentioned Christopher Calicott, TVP’s managing director and founding associate. “By empowering mining operators to securely and privately design their very own block templates whereas facilitating radical transparency and equity of funds to mining pool contributors, DMND will convey a brand new period to the mining business. Mining operators of any dimension—from small residence miners to publicly traded giants—will all work to boost Bitcoin’s decentralization.”
Mining operators eager about contributing to the first-ever Stratum V2 block can apply by way of DMND’s official web site. Functions for launch contributors will shut on March 28, 2025, at midnight PST.
For extra info on DMND and the Stratum V2 mining pool, go to their web site. You too can learn extra concerning the significance of Stratum V2 Bitcoin mining right here.