Quick Summary
Recent news has taken the entire internet. Prosper, a decentralized platform that believes in Bitcoin and provides full exposure to Bitcoin hash rate, has partnered with a leading ASIC miner company to host Bitcoin mining services.
Let’s uncover more details on the same and get into its depths to understand it fully.
Major Highlights of Prosper and Bitmain’s Agreement on Hosting Services
Prosper recently revealed on the 15th of November that it has partnered with Bitmain, which is a long-term agreement.
The agreement consists of Bitmain’s( a leading global pioneer of the robust ASIC mining equipment manufacturing landscape) commitment, along with its associates, to provide a hosting service for Bitcoin mining hardware owned by Prosper foundation that aims to unlock Bitcoin’s potential through liquidity farming.
This initiative is expected to guarantee reliable and high-quality standards of operation for the Prosper(PROS) token holders.
The initial batch of hash rate is expected to go live in November anytime soon now through Antpool, which is Bitmain’s official platform for mining pools. The best thing about it is that it will be easily available and accessible via Prosper’s V1 web app.
This quarter, Prosper announced its spin into a new strategic direction that focuses on Bitcoin mining and unlocking Bitcoin’s potential for liquidity farming. This agreement reflects Prosper’s significant milestone in its attempt to deliver institutional-grade quality execution for BITMAIN’s miners and $PROS token holders.
This entire move highlights Prosper’s unique commitment as the one and only Web3 Bitcoin mining project, which partnered with the industry’s key leaders as the top-notch service providers.
About BITMAIN
Bitmain Technologies is the name that is enough to gain traction in the mining industry. They have been the global leaders and significant players in the ASIC mining industry due to the robust miners and services that they sell.
Apart from this, they also run a renowned mining pool, ANTPOOL, which is known to be the second largest mining pool, pivotally influencing the Bitcoin mining network. Ever since its establishment in 2013, it has opened and run its branches in more than 100 countries with its robust R&D centers.
About PROSPER
Prosper is the sole decentralized platform that provides full exposure across Bitcoin hash rate and BTC, bridging institutional-gap Bitcoin mining capabilities on-chain to leverage the value of Bitcoin fully through liquidity farming.
It is hashrate-backed, community-driven, built to last longer, made easily accessible, and is on the move to build a long-term robust Bitcoin ecosystem, which is one of its smartest and most substantial moves.
Conclusion
This collaboration is between Prosper and Bitmain, where Bitmain will provide hosting services for Prosper’s foundation-owned BTC mining hardware. This long-term can mark a significant influence on the Bitcoin network, helping the miners achieve full exposure across Bitcoin and its hash rate.
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FAQs on Prosper & Bitmain long-term Partnership
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Who is providing hosting services for Prosper?
Bitmain provides hosting services for Prosper Foundation-owned Bitcoin mining hardware.
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Why is Prosper an ideal choice for hosting services?
Prosper is a hash rate-backed, community-driven, easily accessible platform that claims to bridge the institutional gap in BTC mining and leverage Bitcoin through liquidity farming.
Peter Davis
An experienced technical writer with over Four years of expertise in blockchain and cryptocurrency. Skilled in crafting in-depth blogs, he combines technical analysis with market insights to simplify complex concepts for readers. His passion for Web 3 technology and ASIC mining hardware is evident in his clear and engaging writing style.
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