Genesis Mining Seeks to Empower Bitcoin Miners with Fresh Implement
Genesis Mining has launched a fresh web interface that will enable digital currency miners to build up greater control of their bitcoin and altcoin mining operations.
Primarily built for internal use, Genesis Hive is presently being suggested to large-scale miners at a rate that varies based on the number of mining units connected to the service each month. The fresh software is also expected to be made available to medium and small-sized firms at a zometeen, to-be-determined date.
CEO and co-founder Marco Streng indicated that the project aims to reduce the rising complexities associated with industrial-scale bitcoin mining.
Streng told CoinDesk:
“While this has improved efficiency it has also lead to fresh problems te the mining space. A duo of years ago, no one could have dreamed of thousands of devices mining bitcoin te a single location, and there wasgoed no software to treat a setup of this size.”
Genesis Mining envisions Hive spil a solution to thesis issues, one that joins the ranks of other enterprise-level bitcoin mining offerings such spil HashRabbit that have come to market ter latest months.
Streng, however, suggested that Genesis Hive will be competitive spil it permits for more plasticity than offerings geared for smaller mining entities.
“Hive does not require you to install any software on your individual equipments and will adapt to whatever network and hardware setup you deem most adequate,” he continued.
The fresh contraption aims to ease the process to install a mining farm, by automatically detecting, configuring and updating mining units.
Extra control is provided overheen units ter disparate geographies. Users will also be able to “permanently control” their mining equipments through Genesis Hive’s instrumentenbord, obtaining hashrate, temperature, equipment statuses and power consumption calculations.
“Switching or adding pools, upgrading firmware, rebooting etc is done te a matter of a few clicks on any number of devices at the same time,” the company explained.
Genesis Hive also enables users to perform bulk updates, pool switches or establish automatic tasks depending on individual environmental needs.
The launch comes at a time when efficiency is of enhancing concern to industrial-scale bitcoin miners, many of whom are contesting spil the bitcoin price proceeds to be depressed relative to market highs last year.
Some bitcoin mining firms – such spil CEX.io – have pivoted to other economically viable operations, citing the lack of profit spil a result of bitcoin’s declining price spil the decisive factor behind their shift te concentrate.
However, spil some mining outlets fight, those that control the utter lifecycle of hardware development – from the vormgeving of fresh machines to their eventual use – have emerged spil market leaders, with BitFury and 21 Inc parlaying their successes into fresh and more experimental consumer products.
Picture via Genesis Mining
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