Dec 3, 2024, 3:35 AM
Dec 3, 2024, 3:35 AM

Streamr and JDI launch Terminal Multi-Miner for accessible home mining

Highlights
  • Streamr and JDI have formed a partnership to launch a new home mining device called Terminal Multi-Miner.
  • The device supports multiple cryptocurrencies and facilitates user participation in decentralized networks.
  • This initiative aims to make advanced mining technology accessible to everyday users and promote decentralized economies.
Story

In Zug, Switzerland, on December 3rd, 2024, Streamr and JDI announced their strategic partnership to launch the Terminal Multi-Miner device aimed at transforming home-based mining. The Terminal Multi-Miner is designed for everyday users, combining mining capabilities for multiple cryptocurrencies, including $DATA, and promoting participation in decentralized infrastructure networks. This initiative is positioned as part of a broader goal to make advanced mining technology more accessible to the average individual. The Terminal Multi-Miner, along with its Terminal T2 model set to launch in Q1 2025, facilitates seamless multi-token mining, integrating with projects such as the Streamr Network, thus enabling users to contribute to decentralized data broadcasting and monetization ecosystems. With the new partnership, both companies aim to enhance the decentralized economy by lowering technical barriers for users interested in engaging with the decentralized physical infrastructure networks (DePIN). Yiming Wang, Founder of JDI, expressed enthusiasm for leveraging Streamr's serverless technology to improve data propagation across the Terminal Multi-Miner Network. Matthew Fontana, CEO of Streamr, highlighted the importance of this collaboration as a significant step toward decentralization and scalability in data networks. The Terminal Multi-Miner is intended to evolve DePIN into a mainstream reality, supported by JDI's extensive experience in deploying hardware for decentralized networks, having successfully rolled out over 500,000 devices in the past. The partnership between Streamr and JDI not only represents a technological advancement but also contributes to the broader movement toward decentralized economies, encouraging wider participation and innovation within the Web3 landscape. As the Terminal Multi-Miner aims to simplify the mining process, it draws attention to the increasing interest in home-based mining as a viable entry point for newcomers to cryptocurrency. Overall, the development of Terminal Multi-Miner signals a notable evolution in the accessibility of mining technology and could potentially reshape users' engagement with decentralized networks, facilitating a user-centric approach that aligns with the ongoing evolution of the cryptocurrency and data broadcasting ecosystems.

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