Addis Ababa, Ethiopia, March 26, 2024, Chainwire
DeMi, an innovative tokenized mining platform, has announced a partnership with BitClustera leading provider of mining solutions, and this is an important step towards expanding capacity for both companies.
DeMian innovative tokenized mining platform that is revolutionizing the industry, has announced a strategic partnership with BitCluster, a leading provider of mining solutions. This collaboration means that DeMi can scale up multiple times and optimize energy costs at the same time. This will also allow platform users to mine cryptocurrency more effectively as the price of electricity is only low $0.049 per kWh.
The power of equipment is converted into DEMI tokensthe process involves the conversion of computing power from mining equipment to DEMI tokens, which serves as a tangible representation and confirmation of the purchase of a designated hashrate. To start mining on the platform, users simply need to purchase and stake these tokens. This innovative approach makes it easy for users to actively participate in the mining process. 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.
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. With this amount of power, they can install more than 30,000 mining machines, such as Antminer S21 200Th.
“We considered many options for placing our equipment,” says Andrey Mashitskiy, DeMi Product owner said. “And after months of searching, we finally found the ideal solution: the BitCluster branch 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 The 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 installed more than 500 devices in the new facility with a total capacity of 59 Petahash and plans to further expand mining capabilities at the new location 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 that allows users to receive BTC rewards using the DEMI token. By offering a unique mining experience, DeMi enables users to effectively participate in cryptocurrency mining.
About BitCluster
BitCluster is a provider of modern mining solutions. BitCluster provides end-to-end solutions for hosting and maintaining high-performance computing hardware for users looking to scale their Bitcoin mining capabilities while keeping energy costs at the lowest possible level.
Contact
DeMi product owner
Andrey Mashitskiy
DeMi
info@demi.gg