Bloq Labs has been working on a new software suite for blockchain miners called Titan. In a recent release, the company announced that they had just completed a beta version available to the public. Co-founder Jeff Garzik announced this work in Singapore at the Binance conference, adding that the new protocols implemented make it possible to increase a mining device’s hashrate by double digits, using a particular configuration.

This sector of Bloq was only recently introduced to their network in the spring of 2017, which was developed for the purpose of supporting the ecosystem’s open source projects. Garzik, who is also Bloq’s CEO, developed a waiting list for the miners that want to engage in the beta testing stage of Titan.

Titan’s CEO, Ryan Condron, said that the project has been under the radar for quite some time, but the new software should make “crypto mining easier, more profitable, and more scalable.” The waitlist is now available to the public as well, and they have already seen the signup of 71 individuals. Though the company will see profits from the hashrate production, the miners themselves do not have to pay to install Titan.

Titan is formatted in a way that can be attached to an entire mining farm, which allows the entire facility to benefit from better watt extraction and offer better optimization. Hopefully, the Titan offers will be linked with the large mining facilities as well, considering the compatibility with consensus algorithms of multiple cryptocurrencies. The official website shows that there is less downtime, so there is more profitability.

In the beta launch announcement, Condron said,

“The fact is, managing mining hardware is a very manual process — Not only do you have to individually access and configure each device, but you must continually monitor and adjust your devices to make sure that they are online and mining the most profitable coin.”

He added,

“Additionally, there’s the balancing act of managing operational costs and physical infrastructure concerns, such as electricity costs, wire management, and heat dissipation.”

Along with Condron, the Titan project is also fun by Kyle Howlett, formerly with a mining profitability website called Coinwarz. As CTO, he has been working on the mining tools for the last seven years to improve the returns that consumers see, and he has faith in the potential progress of the software for the industry.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

211 +