NiceHash, a cloud-based crypto mining platform, has recently unveiled a new firmware product developed in collaboration with Marathon Digital, a leading mining company. This new firmware, branded as NiceHash Firmware Powered by MARA, incorporates the cutting-edge technology of Marathon Digital, the largest Bitcoin miner in the world in terms of market cap and efficiency. In the month of May alone, Marathon Digital successfully mined 390 BTC, showcasing their prowess in the industry.
Ashu Swami, the Chief Technology Officer of Marathon Digital, emphasized the importance of mining firmware that combines the best features available in the market. In March, Marathon Digital introduced the MARAFW firmware for its extensive fleet of over 200,000 ASICs and enterprise clients. The collaboration between Marathon Digital and NiceHash has resulted in a unique product that blends the strengths of both companies. Users can avail of this firmware at a fee of 2%, or 1.4% when utilizing the NiceHash pool.
NiceHash Firmware Powered by MARA is compatible with various ASIC mining machine models and ASIC management tools, offering support for different algorithms and the flexibility to switch between them as needed. In April, NiceHash introduced support for Kadena’s Blake2s algorithm, enabling users to mine Kadena (KDA) coins. The firmware also boasts features like autotuning, temperature control, and a mobile app for remote ASIC management.
With the crypto mining industry facing challenges such as reduced profitability post the halving event in April, there is a growing focus on supporting miners. In this context, United States presidential candidate Donald Trump has shown support for the U.S. crypto mining industry, although some remain skeptical about the sincerity of his stance. Apart from providing software and mining services, NiceHash runs a hashrate market where ASIC owners can sell their hashing power for any supported coin. This allows buyers to receive rewards for blocks mined, while sellers are paid the average price from all orders in the NiceHash pool, mitigating their risk.
As the market continues to be volatile, it is essential for crypto enthusiasts to protect their assets. Bitcoin OGs and experts offer valuable insights on navigating the turbulent market landscape.