DMG Blockchain: Bitcoin Cryptocurrency Mining as a Service?
DMG or Digital mint Group is a diversified cryptocurrency and blockchain-enabled platform that is focused on mining public blockchains and applying blockchain technology to address the issues of friction and fraud that affects the movement of value through supply chains. The strategy of the platform is to become the expert in verticals in different industries.
The firm also collaborates with field engineers of D-LINK Canada to optimize crypto mining networking including establishing hash rate stability, switching performances, and ensuring network security to create a profitable and efficient mining operation through best practices and smart hardware choices.
The platform key targets of its services include internet-of-things, in-network payments, and identity management.
The firm recently acquired Dantiel Inc., the former owner of Blockseer forging an alliance to provide cryptocurrency forensics and real-time risk scoring of compliance and anti-money laundering (AML). Further, Blockseer’s expertise in data analytics will give the firm capabilities to offer unique class-leading enterprise solutions that cover blockchain and artificial intelligence technologies.
Products And Services Offered By DMG Blockchain
The platform offers the below products and service
Mining as a service is a product (MaaS) offered by the platform to manage bitcoin mining on behalf of third parties. The service allows anyone no matter their location to mine cryptocurrencies. Entities can purchase machines from DMG, pay a monthly fee for the hosting and management from the company, and receive bitcoins in exchange.
The firm recently announced the completion of the first phase of its state of the art cryptocurrency mining facility that is ready to add power and more infrastructure to increase the capacity of cryptocurrency miners. The facility will accommodate up to 85 megawatts. By mid-2018, the megawatts will have increased by 40 megawatts. The mining facility and power access will be for the platform’s mining as a service (MaaS) customers, and for DMG own use.
The DMG Supply Chain Platform
The platform is working with a licensed producer to come up with a platform that will ensure the complete provenance of controlled products through the entire supply chain.
Forensics and Blockchain Analytics
The platform has fraud examiners that use propriety software tools to perform investigations and AML and KYC requirements that relate to Ethereum and bitcoin transactions.
The MaaS model and DMG owned mining allows the platform to reap from the appreciation of BTC. The model also allows for monthly hosting revenues. This hybrid approach allows DMG to scale at a faster pace than a model that only relies on its mining.
The use of mining facility for MaaS clients allows DMG to get high returns of the traditional mining model that has a low capital intensity and increase its revenue generation from the MaaS model.
The platform is working with auto leasing industry and using blockchain and AI technologies to allow for predictive analytics. This will increase the life cycle of different vehicles.
The DMG Blockchain platform uses its extensive knowledge and experience to help its customers understand the best way to use blockchain technologies in their businesses.