#USA #Austin #Bitcoin Mining #Stratum V2 #Demand Pool

Demand Pool Makes Waves with Launch of Stratum V2 Bitcoin Mining Pool

In an exciting development for the cryptocurrency community, Demand Pool (DMND) has announced the initiation of applications for miners to participate in its innovative Bitcoin mining pool, touted as the world's first Stratum V2. This launch represents a major milestone in the evolution of Bitcoin mining, aiming to enhance decentralization and privacy for miners worldwide.

What is Stratum V2?

Stratum V2 is an upgraded protocol aimed at improving the mining process by allowing miners to create their own block templates, thereby enhancing efficiency and security. This modern approach not only streamlines operation but enhances the decentralization of the mining ecosystem, which has faced criticism for its centralization issues in recent years.

To bolster the security of mining operations, the DMND pool will implement end-to-end encryption to safeguard against hash rate hijacking. Additionally, it introduces an innovative payment system, SLICE, which promises maximized payouts with verifiable transactions and without hidden fees, further empowering miners in this competitive arena.

Benefits for Early Adopters

As part of the launch, successful applicants will benefit from a zero transaction fee for the first two months of their participation, alongside a unique two-year founding miner contract. This strategy is designed to attract a diverse array of miners, from small operations to larger enterprises looking for a competitive edge in Bitcoin mining.

Alejandro de la Torre, Co-Founder and CEO of DMND, expressed the pressing need to address centralization in the mining sector. He stated, "The Bitcoin mining industry faces a fundamental issue—centralization among mining pools. This makes it crucial for us to realize Stratum V2. It will allow miners to develop their own blocks, promoting true decentralization. The launch of DMND Pool marks a historic moment in Bitcoin's trajectory."

Investment and Support from TVP

Supporting this groundbreaking initiative is Trammell Venture Partners (TVP), who led the venture capital funding round in Q4 2024. TVP is known for its focus on tech-oriented startups and believes in the transformative potential of Bitcoin-native technologies. According to Christopher Calicott, Managing Director of TVP, "The usual opaque fee structures and relative centralization in the mining pool sector have become the norm. DMND aims to empower miners to craft their templates securely and privately and to foster radical transparency and fairness in compensation. This will usher in a new era for the mining industry."

TVP's engagement signals confidence in DMND's mission to create a fairer and more profitable Bitcoin mining landscape that can effectively cater to mining operators of all sizes, ensuring that even small home miners can compete with industry giants.

Call for Participation

In light of this exciting launch, mining operators are encouraged to apply to participate in the first round, with contributions aimed at achieving the initial Stratum V2 block. Applications can be lodged through the DMND website, with the deadline set for midnight PST on March 28, 2025.

Conclusion

DMND's entry into the Bitcoin mining arena, backed by significant venture capital investment, aims to reshape the landscape by promoting transparency, decentralization, and enhanced profitability for miners. As the industry continues to evolve, the true impact of this innovation could redefine how mining pools operate, ultimately benefiting the broader Bitcoin ecosystem. For further details about Demand Pool and the application process, interested miners can visit the official website.

About Demand Pool

DMND stands as the first Stratum V2 Bitcoin mining pool, dedicated to transforming the mining experience. Its technologically advanced solutions foster transparency, elevate miner payouts, and assert true decentralization.

For media inquiries, please contact Alejandro de la Torre at [email protected] or call +351 911 833 264.