NiceHash and Marathon partner to launch new firmware for miners NiceHash and Marathon partner to launch new firmware for miners
NiceHash Firmware will offer innovative features like auto-tuning and intelligent thermal protection to boost efficiency for ASIC miners.
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Updated: Jun. 14, 2024 at 2:11 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
NiceHash, a leading Bitcoin hashing power marketplace, has partnered with Marathon Digital Holdings to introduce new custom firmware for ASIC miners on its platform.
The new product, NiceHash Firmware, will leverage Marathon’s technology to enhance the efficiency and revenue of Bitcoin miners using ASIC devices. Miners who adopt this firmware will benefit from a low fee of 2%, which drops to 1.4% if they use NiceHash as their primary mining pool.
NiceHash Firmware aims to maximize miners’ profits by offering rewards for selling excess hashing power on its marketplace and boosting their ASIC machine’s efficiency.
The firmware’s features include an auto-tuning capability and a customized environment profile, which increase its market accessibility. The auto-tune feature allows adjustments based on the miners’ required power target, hashrate target, or percentage adjustment. The environment profile ensures compatibility with ASICs using air, hydro, and single—or two-phase immersion cooling systems.
Additionally, the firmware provides thermal protection to prevent overheating and includes a custom dashboard for detailed ASIC performance monitoring. The partnership with Marathon will ensure compatibility with NiceHash ASIC Manager, Foreman, and Awesome Miner.
Vladimir Hozjan, CEO of NiceHash, highlighted the significance of this addition to their product lineup. He said:
“Our joint efforts will ensure we stay ahead of this rapidly evolving industry. We believe that teaming up and combining our knowledge will strengthen our position in the market, drive innovation, set new standards in the mining space, and empower miners worldwide to achieve unprecedented efficiency and profitability.”
Echoing this sentiment, Marathon CTO Ashu Swami stated:
“This collaboration enables us to bring advanced safety and optimization features to Bitcoin miners of all sizes, enhancing their performance and profitability.”
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Marathon Digital
Marathon Digital Holdings is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.
NiceHash
NiceHash is a Slovenian-based cryptocurrency mining platform that allows users to rent or lease their computing power to mine various cryptocurrencies.