Just today, Coinmint which is a platform that makes use of data servers to facilitate digital currency transactions announced that it has joined forces with Innosilicon, a semiconductor designing firm with a reputation for having the most efficient mining technology and is specialized in cryptocurrency mining ASICs to form a partnership which is aimed at effectively making use of the most efficient mining hardware in the world located in it’s new over 134-Acre facility to take over the digital currency processing market.
With this new partnership by the two industry big names, they are sure set to totally corner the market of digital currency processing.
While Innosilicon is reputed to be the leader of the industry when it comes to manufacturing and/or designing specialized cryptography severs which are a requirement for block chains with proof of work like Zcash, Bitcoin, Ethereum among a wide variety of many other pioneer digital currencies. It also has a record when it comes to performance as there is no other equipment that can surpass innosilicon’s equipment all round the world.
The firm’s most recent mining equipment which is currently being operated in coinmint’s facilities produces about one terrahash of bitcoin mining power on every 85 watts, which translates to about 15% more efficiency when compared to any other product and it’s latest Zcash mining equipment also is very much more efficient than the regular mainstream CPU.
Owing to the company’s state of the art hardware and it’s innovative strategies, new products are launched on every three months interval. Speaking on the partnership, the Vice President of engineering, Roger Mao said
“The performance of our latest ASICs are on-par with the infrastructure Coinmint is implementing, so the partnership is a natural fit,”
Coinmint on the other hand is very well known to be the industry pioneer in digital currency data center. It is also the largest digital currency data processing center in the world with it’s 1340-acre, 435 mega watts flagship which was recently opened in Massena, New York being about three times the size of the next largest facility following it.
Very many well known popular digital currencies like Litecoin, Bitcoin, Ether Zcash, Dash and a whole lot of others are being serviced in the company’s blockchain infrastructure. According to the CTO of Coinmint, Priuer Leary,
“We have been working with Innosilicon since Q4 of 2016, initially just as a customer, but as the relationship grew, it was only natural to take it to the next level,”
The partnership between these two firms in the industry is a crucial part of the procedure scheduled in order to commence operations at the new Massena facility in New York.
This coalition is a long term partnership that will enable the both parties to be the number one players in the industry space that will provide for the complete build out for the facility in Massena in a very quick time as well as start work to build similar facilities that will cement their position at the top of the industry for a very long time to come.
More information about these two giant firms and their partnership can be gotten from their site coinmint.io or innosilicon.com