Bitcoin

Addis Ababa, Ethiopia, March 26th, 2024, Chainwire 
DeMi, an innovative tokenized mining platform, has announced a partnership with BitCluster, a leading mining solutions provider, and this is an important step to expanding the capacity for both companies. 
<a href="https://demi.gg/" rel="nofollow noopener" target="_blank">DeMi</a>, an innovative tokenized mining platform revolutionizing the industry, has announced a strategic partnership with <a href="https://bitcluster.com/" rel="nofollow noopener" target="_blank">BitCluster</a>, a leading mining solutions provider. This collaboration means DeMi can scale up multiple times while optimizing energy costs. This will also allow platform users to mine cryptocurrency more effectively since the price of electricity is only $0.049 per kWh. 
Equipment power is transformed into DEMI tokens, the process involves the conversion of computational power from mining equipment into DEMI tokens, serving as a tangible representation and confirmation of purchasing a designated hashrate. To begin mining on the platform, users simply need to purchase and stake these tokens. This innovative approach allows users to actively participate in the mining process with ease. This system not only democratizes access to mining by simplifying the entry process but also ensures that participants can directly contribute to and benefit from the network’s security and consensus mechanisms. 
At the end of December 2023, BitCluster announced the launch of a 120 MW data center in Ethiopia with a total area of 30 thousand square meters. This amount of power allows them to place over 30 thousand mining machines such as Antminer S21 200Th. 
<blockquote>
 “We considered many options to place our equipment,” Andrey Mashitskiy,&nbsp;DeMi Product Owner said. “And after months of searching, we finally found the ideal solution—the BitCluster facility in Ethiopia. This is a country with a perfect climate: the average daily temperature ranges from 12 to 23 degrees, and there is no dust or heat. The BitCluster data center is located in the capital, Addis Ababa, which is convenient for logistics. And the main reason for this decision was the low electricity price.”
</blockquote> 
DeMi has already placed more than 500 devices at the new facility with a total capacity of 59 Petahash and plans to further expand mining capabilities at the BitCluster data center in Ethiopia. 
For more information about DeMi and their partnership with BitCluster, users can visit <a href="https://demi.gg/" rel="nofollow noopener" target="_blank">here</a>. 
 About DeMi 
DeMi is a tokenized mining platform that enables users to get BTC rewards using DEMI token. By offering a unique mining experience, DeMi allows users to effectively engage in cryptocurrency mining. 
About BitCluster 
BitCluster is a modern mining solutions provider. BitCluster provides end-to-end solutions for hosting and maintaining high-power computing hardware for users looking to scale their Bitcoin mining capabilities while keeping energy costs at the lowest possible level. 
<h5>Contact</h5> 
DeMi Product Owner Andrey Mashitskiy DeMi info@demi.gg 
The post <a href="https://cryptonewsland.com/demi-platform-announces-a-strategic-partnership-with-bitcluster/">DeMi Platform Announces a Strategic Partnership with BitCluster</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

DeMi Platform Announces a Strategic Partnership with BitCluster

Crypto News Land

Other articles published on Mar 26, 2024

Osmosis Tops DeFi Coins in Development, Radix Sees Price Surge

Google Introduces AI-Summarized Search Results: Potential Impact on Websites

Standard Chartered’s Bold Prediction For ETH; To Soar Till $14k by the End of 2025

Bitcoin Core Prepares for Housecleaning: What’s Ahead?

Ethereum Spot ETF Mirrors Bitcoin’s Trailblazing Strength: Grayscale CLO

Will Jupiter [JUP] follow Bitcoin, ‘keep on winning’? Analyst says…

Join our free newsletter for daily crypto updates!