One perk of utilizing the product is that miners who do so will only have to pay a 2% firmware fee, a figure lower than industry standard.
Bitcoin (BTC) hashing power marketplace NiceHash has entered a strategic partnership with Marathon Digital Holdings Inc (NASDAQ: MARA). Per a press release shared with Coinspeaker, this alliance is focused on launching custom firmware for ASIC miners, particularly those optimized for the NiceHash mining platform. The latest product from the collaboration of both crypto key players is dubbed NiceHash Firmware.
Key Perks of the NiceHash and Marathon Digital Linkup
Marathon Digital’s technology will power the ASIC miners’ custom firmware. The firm’s solution remains accessible to all Bitcoin miners. NiceHash Firmware is embedded with a suite of advanced features that help miners seamlessly drive greater efficiency from ASIC devices and also increase revenue. The product is compatible with NiceHash ASIC Manager, Foreman, and Awesome Miner.
One perk of utilizing the product is that miners who do so will only have to pay a 2% firmware fee, a figure lower than industry standard. Once NiceHash becomes their primary pool, the fee will be further reduced to 1.4%. The other features are innovative auto-tuning and customized environment profiles which will make the top-tier technology accessible on the open market.
These environment profiles are tailored to facilitate the installation of the firmware on ASICs running either Air, Hydro, and single-phase or Two-Phase Immersion cooling. The auto-tune feature can be adjusted based on certain criteria including Power Target, Hashrate Target, or Percentage Adjustment. Compared to existing firmware solutions, NiceHash Firmware offers significant efficiency.
Overheating is catered for with the NiceHash Firmware as it comes with intelligent thermal protection. There is also a customized dashboard that outlines the performance of the ASIC. Vladimir Hozjan, CEO of NiceHash, mentioned that his company has been on the lookout for a firmware solution for ASIC miners for the longest time. This quest was fueled by the absence of suitable firmware from its product portfolio.
Bitcoin Mining Industry Sees Improvements
The decision to choose Marathon Digital came after NiceHash confirmed that it was impressed by their firmware product. According to Hozjan, MARA’s product has proven to be high quality with a significant level of reliability. NiceHash is positive that this collaborative effort will change its position in the mining industry in no distant time.
“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,” Hozjan stated.
Marathon Digital executives feel the same way about the alliance, citing it as a strategy to expand the reach of its cutting-edge firmware solution to the mining community globally. It serves as an opportunity for the mining company to introduce advanced safety and optimization features to Bitcoin miners, without size restrictions. In the long run, these Bitcoin miners stand to gain better performance and profitability.
next