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.
DeMi, an innovative tokenized mining platform revolutionizing the industry, has announced a strategic partnership with BitCluster, 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.
“We considered many options to place our equipment,” Andrey Mashitskiy, 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.”
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 here.
About DeMi
DeMi is a tokenized mining platform…