Seeking Alpha
2021-01-05 13:22:16

Marathon Patent, DMB Blockchain plan cooperative mining pool

Marathon Patent Group (MARA) and DMG Blockchain Solutions (DMGGF) enter a non-binding MOU to form Digital Currency Miners of North America ("DCMNA"), which will be a U.S.-based nonprofit entity aimed to create a better mining environment for North American crypto miners.Marathon Patent and DMG's U.S. subsidiary, Blockseer, say DCMNA aims to decentralized the bitcoin hashrate and provide more transparency for North American miners. Terms of the MOU include DMG licensing Blockseer’s technology and associated intellectual property to DCMNA, as well as the management of pool operations.DCMNA's principal initiative is to create North America's first cooperative mining pool by licensing Blockseer's mining pool to all DCMNA members in a cooperative structure.Mining partners who are members will receive rebates based on the hash rate they contribute to the overall pool, thus improving the mining profitability of DCMNA members.Marathon will put all of its mining hashrate (equivalent to 10.36 EH/s, or 7.6% of

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