2024-12-4 00:19 |
Streamr and JDI have entered a strategic partnership to facilitate home mining with the launch of Terminal Multi-Miner. JDI is a leader and venture capital in decentralized physical infrastructure networks (DePIN), and Streamr is a decentralized real-time data network.
Terminal Multi-Miner offers multi-token mining capabilities and decentralized protocol participation, allowing users to engage with DePIN and the decentralized economy from the comfort of their homes.
Users can customize their mining setups for efficiency and flexibility to more easily engage with DePIN. For now, the device only supports mining $DATA and $ANYONE, with more to add in future updates.
The initially available model is Terminal T2, which will launch in Q1 2025 and can integrate with projects like Streamr. As an incentive for participation, users can also receive $DATA for contributing to the Streamr protocol.
Improving accessibility in DePIN
Traditional mining is quite complex, which is why many regular people are not able to do it. Terminal Multi-Miner is designed to suit all kinds of users and make advanced crypto mining available through its plug-and-play functionality. This lowers the barrier for entry, making DePIN and crypto mining readily accessible.
Commenting on the new technology, Yiming Wang, Founder of JDI, said:
“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network. Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”
Streamr Network and mining $DATA
$DATA is the native token for Streamr Network and plays a key role in the Terminal Multi-Miner. It also allows users to become active participants in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.
Also commenting on the partnership, Matthew Fontana, CEO of Streamr:
“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks. By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”
Both JDI and Streamr bring much experience to Terminal-Multi Miner. As a venture capitalist in DePIN, JDI has supported communities like DIMO and Helium, deploying over 500,000 devices.
Streamr, on the other hand, is a ‘DePIN original’ founded in 2017. It offers scalable P2P infrastructure and tools and is trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima. The two partners intend to make DePIN mainstream, and the Terminal Multi-Miner is one of many projects to realize this.
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